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Condensed Consolidated Statements of Financial Position (unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Investments    
Fixed income securities, at fair value (amortized cost $56,831 and $57,134) $ 58,202 $ 57,170
Equity securities, at fair value (cost $4,767 and $4,489) 5,802 5,036
Mortgage loans 4,681 4,670
Limited partnership interests 7,493 7,505
Short-term, at fair value (amortized cost $4,157 and $3,027) 4,157 3,027
Other 3,786 3,852
Total investments 84,121 81,260
Cash 551 499
Premium installment receivables, net 6,201 6,154
Deferred policy acquisition costs 4,670 4,784
Reinsurance and indemnification recoverables, net 9,374 9,565
Accrued investment income 614 600
Property and equipment, net 1,047 1,045
Goodwill 2,547 2,530
Other assets 3,659 3,007
Separate Accounts 3,050 2,805
Total assets 115,834 112,249
Liabilities    
Reserve for property and casualty insurance claims and claims expense 27,544 27,423
Reserve for life-contingent contract benefits 12,200 12,208
Contractholder funds 18,161 18,371
Unearned premiums 14,323 14,510
Claim payments outstanding 891 1,007
Deferred income taxes 817 425
Other liabilities and accrued expenses 8,977 7,737
Long-term debt 6,453 6,451
Separate Accounts 3,050 2,805
Total liabilities 92,416 90,937
Commitments and Contingent Liabilities (Note 11)
Shareholders’ equity    
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 79.8 thousand issued and outstanding, $1,995 aggregate liquidation preference 1,930 1,930
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 333 million and 332 million shares outstanding 9 9
Additional capital paid-in 3,291 3,310
Retained income 45,148 44,033
Deferred Employee Stock Ownership Plan (“ESOP”) expense (3) (3)
Treasury stock, at cost (567 million and 568 million shares) (28,042) (28,085)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 73 75
Other unrealized net capital gains and losses 1,003 (51)
Unrealized adjustment to DAC, DSI and insurance reserves (104) (26)
Total unrealized net capital gains and losses 972 (2)
Unrealized foreign currency translation adjustments (44) (49)
Unamortized pension and other postretirement prior service credit 157 169
Total accumulated other comprehensive income (“AOCI”) 1,085 118
Total shareholders’ equity 23,418 21,312
Total liabilities and shareholders’ equity $ 115,834 $ 112,249