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CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Investments:    
Fixed maturities, amortized cost of $45,400 and $45,250, less allowance for credit loss of $75 and $69 $ 43,570 $ 43,984
Equity securities, cost of $1,372 and $1,201 1,354 1,292
Limited partnership investments 2,912 2,861
Other invested assets, primarily mortgage loans, less allowance for credit loss of $15 and $15 1,177 1,195
Short-term investments 5,274 6,044
Total investments 54,287 55,376
Cash 843 495
Receivables 10,990 10,983
Property, plant and equipment 10,775 10,695
Goodwill 348 349
Deferred non-insurance warranty acquisition expenses 3,098 3,220
Deferred acquisition costs of insurance subsidiaries 1,008 986
Other assets 4,303 4,244
Total assets 85,652 86,348
Insurance reserves:    
Claim and claim adjustment expense 26,933 26,599
Future policy benefits 13,195 13,448
Unearned premiums 7,646 7,635
Total insurance reserves 47,774 47,682
Payable to brokers 206 53
Short-term debt 1 1,052
Long-term debt 8,933 8,437
Deferred income taxes 793 839
Deferred non-insurance warranty revenue 3,976 4,138
Other liabilities 4,378 4,506
Total liabilities 66,061 66,707
Commitments and contingent liabilities
Shareholders' equity:    
Preferred stock
Common stock 2 2
Additional paid-in capital 2,330 2,374
Retained earnings 17,701 17,377
Accumulated other comprehensive loss (1,298) (1,067)
Shareholders' equity before treasury stock, total 18,735 18,686
Less treasury stock, at cost (285,176 and 0 shares) (31) 0
Total shareholders’ equity 18,704 18,686
Noncontrolling interests 887 955
Total equity 19,591 19,641
Total liabilities and equity $ 85,652 $ 86,348