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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, AFS, at fair value (amortized cost of $43,664 and $41,726, and ACL of $16 and $21) $ 42,793 $ 39,818
Fixed maturities, at fair value using the fair value option ("FVO Securities") 263 327
Equity securities, at fair value [1] 634 864
Mortgage loans (net of ACL of $44 and $51) 6,415 6,087
Limited partnerships and other alternative investments 5,019 4,785
Other investments 262 191
Short-term investments 3,964 3,850
Total investments 59,350 55,922
Cash 223 126
Restricted cash 58 63
Accrued Investment Income Receivable 445 404
Premiums receivable and agents' balances (net of ACL of $117 and $109) 6,151 5,607
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $102 and $103) 7,052 7,104
Deferred policy acquisition costs 1,270 1,113
Deferred income taxes, net 976 1,173
Goodwill 1,911 1,911
Property and equipment, net 871 896
Other intangible assets, net 654 707
Other assets 2,258 1,754
Total assets 81,219 76,780
Liabilities    
Unpaid losses and loss adjustment expenses 43,881 42,318
Other policyholder funds and benefits payable 613 638
Unearned premiums 9,599 8,599
Long-term debt 4,365 4,362
Other liabilities 5,283 5,052
Total liabilities 64,211 61,453
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 2024 and December 31, 2023, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 3 3
Additional paid-in capital 564 648
Retained earnings 20,834 19,007
Treasury Stock, Value (2,722) (1,816)
Accumulated other comprehensive income (loss) ("AOCI"), net of tax (2,005) (2,849)
Total stockholders’ equity 17,008 15,327
Total liabilities and stockholders’ equity $ 81,219 $ 76,780