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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Investments    
Fixed income securities, at fair value (amortized cost $56,750 and $57,525) $ 56,891 $ 58,992
Equity securities, at fair value (cost $5,846 and $5,461) 6,888 6,621
Mortgage loans 4,535 4,534
Limited partnership interests 7,679 6,740
Short-term, at fair value (amortized cost $3,123 and $1,944) 3,123 1,944
Other 4,125 3,972
Total investments 83,241 82,803
Cash 489 617
Premium installment receivables, net 5,953 5,786
Deferred policy acquisition costs 4,533 4,191
Reinsurance recoverables, net 8,910 8,921
Accrued investment income 589 569
Property and equipment, net 1,040 1,072
Goodwill 2,189 2,181
Other assets 3,154 2,838
Separate Accounts 3,271 3,444
Total assets 113,369 112,422
Liabilities    
Reserve for property and casualty insurance claims and claims expense 26,623 26,325
Reserve for life-contingent contract benefits 12,213 12,549
Contractholder funds 18,888 19,434
Unearned premiums 13,824 13,473
Claim payments outstanding 894 875
Deferred income taxes 723 782
Other liabilities and accrued expenses 7,363 6,639
Long-term debt 6,448 6,350
Separate Accounts 3,271 3,444
Total liabilities 90,247 89,871
Commitments and Contingent Liabilities (Note 12)
Shareholders’ equity    
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 95.2 thousand and 72.2 thousand shares issued and outstanding, $2,380 and $1,805 aggregate liquidation preference 2,303 1,746
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 347 million and 355 million shares outstanding 9 9
Additional capital paid-in 3,391 3,313
Retained income 45,508 43,162
Deferred ESOP expense (3) (3)
Treasury stock, at cost (553 million and 545 million shares) (26,818) (25,982)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 83 85
Other unrealized net capital gains and losses 28 1,981
Unrealized adjustment to DAC, DSI and insurance reserves (57) (404)
Total unrealized net capital gains and losses 54 1,662
Unrealized foreign currency translation adjustments (20) (9)
Unrecognized pension and other postretirement benefit cost (1,302) (1,347)
Total accumulated other comprehensive income (“AOCI”) (1,268) 306
Total shareholders’ equity 23,122 22,551
Total liabilities and shareholders’ equity $ 113,369 $ 112,422