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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Investments    
Fixed income securities, at fair value (amortized cost $57,608 and $56,576) $ 59,391 $ 57,839
Equity securities, at fair value (cost $5,468 and $5,157) 6,434 5,666
Mortgage loans 4,322 4,486
Limited partnership interests 6,600 5,814
Short-term, at fair value (amortized cost $2,198 and $4,288) 2,198 4,288
Other 3,826 3,706
Total investments 82,771 81,799
Cash 690 436
Premium installment receivables, net 5,922 5,597
Deferred policy acquisition costs 4,147 3,954
Reinsurance recoverables, net 9,748 8,745
Accrued investment income 590 567
Property and equipment, net 1,067 1,065
Goodwill 2,309 1,219
Other assets 2,966 1,835
Separate Accounts 3,422 3,393
Total assets 113,632 108,610
Liabilities    
Reserve for property-liability insurance claims and claims expense 27,154 25,250
Reserve for life-contingent contract benefits 12,227 12,239
Contractholder funds 19,650 20,260
Unearned premiums 13,535 12,583
Claim payments outstanding 959 879
Deferred income taxes 1,249 487
Other liabilities and accrued expenses 6,968 6,599
Long-term debt 6,349 6,347
Separate Accounts 3,422 3,393
Total liabilities 91,513 88,037
Commitments and Contingent Liabilities (Note 11)
Shareholders’ equity    
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 72.2 thousand shares issued and outstanding, and $1,805 aggregate liquidation preference 1,746 1,746
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 360 million and 366 million shares outstanding 9 9
Additional capital paid-in 3,330 3,303
Retained income 42,125 40,678
Deferred ESOP expense (6) (6)
Treasury stock, at cost (540 million and 534 million shares) (25,413) (24,741)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 68 57
Other unrealized net capital gains and losses 1,715 1,091
Unrealized adjustment to DAC, DSI and insurance reserves (132) (95)
Total unrealized net capital gains and losses 1,651 1,053
Unrealized foreign currency translation adjustments (14) (50)
Unrecognized pension and other postretirement benefit cost (1,309) (1,419)
Total accumulated other comprehensive income (loss) 328 (416)
Total shareholders’ equity 22,119 20,573
Total liabilities and shareholders’ equity $ 113,632 $ 108,610