CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Investments:
Fixed maturities, amortized cost of $45,250 and $44,196, less allowance for credit loss of $69 and $45	$ 43,984	$ 41,827
Equity securities, cost of $1,201 and $969	1,292	1,064
Limited partnership investments	2,861	2,520
Other invested assets, primarily mortgage loans, less allowance for credit loss of $15 and $35	1,195	1,113
Short-term investments	6,044	4,606
Total investments	55,376	51,130
Cash	495	541
Receivables	10,983	10,522
Property, plant and equipment	10,695	10,738
Goodwill	349	347
Deferred non-insurance warranty acquisition expenses	3,220	3,525
Deferred acquisition costs of insurance subsidiaries	986	959
Other assets	4,244	4,181
Total assets	86,348	81,943
Insurance reserves:
Claim and claim adjustment expense	26,599	24,976
Future policy benefits	13,448	13,158
Unearned premiums	7,635	7,346
Total insurance reserves	47,682	45,480
Payable to brokers	53	110
Short-term debt	1,052	5
Long-term debt	8,437	8,939
Deferred income taxes	839	550
Deferred non-insurance warranty revenue	4,138	4,530
Other liabilities	4,506	4,392
Total liabilities	66,707	64,006
Commitments and contingent liabilities
Shareholders’ equity:
Preferred stock
Common stock	2	2
Additional paid-in capital	2,374	2,490
Retained earnings	17,377	16,459
Accumulated other comprehensive loss	(1,067)	(1,867)
Shareholders' equity before treasury stock, total	18,686	17,084
Less treasury stock, at cost (0 and 212,251 shares)	0	(18)
Total shareholders’ equity	18,686	17,066
Noncontrolling interests	955	871
Total equity	19,641	17,937
Total liabilities and equity	$ 86,348	$ 81,943