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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $35,603 and $35,612) $ 35,652 $ 36,964
Fixed maturities, at fair value using the fair value option 22 41
Equity securities, at fair value 1,214 0
Equity securities, available-for-sale, at fair value (cost of $0 and $907) 0 1,012
Mortgage loans (net of allowances for loan losses of $1 and $1) 3,704 3,175
Limited partnerships and other alternative investments 1,723 1,588
Other investments 192 96
Short-term investments 4,283 2,270
Total investments 46,790 45,146
Cash 121 180
Premiums receivable and agents’ balances, net 3,995 3,910
Reinsurance recoverables, net 4,357 4,061
Deferred policy acquisition costs 670 650
Deferred income taxes, net 1,248 1,164
Goodwill 1,290 1,290
Property and equipment, net 1,006 1,034
Other intangible assets, net 657 659
Other assets 2,173 2,230
Assets held for sale 0 164,936
Total assets 62,307 225,260
Liabilities    
Unpaid losses and loss adjustment expenses 33,029 32,287
Reserve for future policy benefits 642 713
Other policyholder funds and benefits payable 767 816
Unearned premiums 5,282 5,322
Short-term debt 413 320
Long-term debt 4,265 4,678
Other liabilities 4,808 5,188
Liabilities held for sale 0 162,442
Total liabilities 49,206 211,766
Commitments and Contingencies (Note 14)
Stockholders’ Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued as of December 31, 2018, aggregate liquidation preference of $345 334 0
Common stock, $0.01 par value — 1,500,000,000 shares authorized, 384,923,222 shares issued at December 31, 2018 and December 31, 2017 4 4
Additional paid-in capital 4,378 4,379
Retained earnings 11,055 9,642
Treasury stock, at cost — 25,772,238 and 28,088,186 shares (1,091) (1,194)
Accumulated other comprehensive income (loss), net of tax (1,579) 663
Total stockholders' equity 13,101 13,494
Total liabilities and stockholders’ equity $ 62,307 $ 225,260