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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, amortized cost of $44,196 and $42,615, less allowance for credit loss of $45 and $16 $ 41,827 $ 40,626
Equity securities, cost of $969 and $1,015 1,064 1,050
Limited partnership investments 2,520 2,174
Other invested assets, primarily mortgage loans, less allowance for credit loss of $35 and $35 1,113 1,123
Short-term investments 4,606 4,396
Total investments 51,130 49,369
Cash 541 399
Receivables 10,522 9,660
Property, plant and equipment 10,738 10,718
Goodwill 347 347
Deferred non-insurance warranty acquisition expenses 3,525 3,661
Deferred acquisition costs of insurance subsidiaries 959 896
Other assets 4,181 4,147
Total assets 81,943 79,197
Insurance reserves:    
Claim and claim adjustment expense 24,976 23,304
Future policy benefits 13,158 13,959
Unearned premiums 7,346 6,933
Total insurance reserves 45,480 44,196
Payable to brokers 110 79
Short-term debt 5 1,084
Long-term debt 8,939 7,919
Deferred income taxes 550 398
Deferred non-insurance warranty revenue 4,530 4,694
Other liabilities 4,392 4,302
Total liabilities 64,006 62,672
Commitments and contingent liabilities
Shareholders’ equity:    
Preferred stock
Common stock 2 2
Additional paid-in capital 2,490 2,589
Retained earnings 16,459 15,617
Accumulated other comprehensive loss (1,867) (2,497)
Shareholders' equity before treasury stock, total 17,084 15,711
Less treasury stock, at cost (212,251 and 100,000 shares) (18) (7)
Total shareholders’ equity 17,066 15,704
Noncontrolling interests 871 821
Total equity 17,937 16,525
Total liabilities and equity $ 81,943 $ 79,197