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Condensed Consolidated Statements of Financial Position (unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Investments    
Fixed income securities, at fair value (amortized cost $56,008 and $57,134) $ 58,484 $ 57,170
Equity securities, at fair value (cost $6,673 and $4,489) 7,906 5,036
Mortgage loans 4,687 4,670
Limited partnership interests 7,818 7,505
Short-term, at fair value (amortized cost $3,740 and $3,027) 3,740 3,027
Other 3,856 3,852
Total investments 86,491 81,260
Cash 599 499
Premium installment receivables, net 6,380 6,154
Deferred policy acquisition costs 4,667 4,784
Reinsurance and indemnification recoverables, net 9,292 9,565
Accrued investment income 633 600
Property and equipment, net 1,058 1,045
Goodwill 2,547 2,530
Other assets 3,649 3,007
Separate Accounts 3,058 2,805
Total assets 118,374 112,249
Liabilities    
Reserve for property and casualty insurance claims and claims expense 28,105 27,423
Reserve for life-contingent contract benefits 12,337 12,208
Contractholder funds 17,964 18,371
Unearned premiums 14,752 14,510
Claim payments outstanding 915 1,007
Deferred income taxes 997 425
Other liabilities and accrued expenses 9,142 7,737
Long-term debt 6,628 6,451
Separate Accounts 3,058 2,805
Total liabilities 93,898 90,937
Commitments and Contingent Liabilities (Note 12)
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, 330 million and 332 million shares outstanding 9 9
Additional capital paid-in 3,477 3,310
Retained income 45,803 44,033
Deferred Employee Stock Ownership Plan (“ESOP”) expense (3) (3)
Treasury stock, at cost (570 million and 568 million shares) (28,500) (28,085)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 83 75
Other unrealized net capital gains and losses 1,865 (51)
Unrealized adjustment to DAC, DSI and insurance reserves (294) (26)
Total unrealized net capital gains and losses 1,654 (2)
Unrealized foreign currency translation adjustments (40) (49)
Unamortized pension and other postretirement prior service credit 146 169
Total accumulated other comprehensive income (“AOCI”) 1,760 118
Total shareholders’ equity 24,476 21,312
Total liabilities and shareholders’ equity $ 118,374 $ 112,249