Cincinnati Financial Corporation(NASDAQ:CINF) 
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. T...
Website: http://www.cinfin.com
Founded: 1950
Full Time Employees: 5,148
Sector: Financial Services
Industry: Insurance-Property & Casualty
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Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2013-12-31 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 |
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revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earned premiums | 2,604,000,000 | 2,592,000,000 | 2,567,000,000 | 2,480,000,000 | 2,344,000,000 | 2,365,000,000 | 2,297,000,000 | 2,156,000,000 | 2,071,000,000 | 2,064,000,000 | 2,033,000,000 | 1,943,000,000 | 1,918,000,000 | 1,874,000,000 | 1,882,000,000 | 1,773,000,000 | 1,690,000,000 | 1,676,000,000 | 1,669,000,000 | 1,593,000,000 | 1,544,000,000 | 1,522,000,000 | 1,482,000,000 | 1,456,000,000 | 1,446,000,000 | 1,384,000,000 | 1,333,000,000 | 1,318,000,000 | 1,298,000,000 | 1,294,000,000 | 1,260,000,000 | 1,247,000,000 | 1,241,000,000 | 1,208,000,000 | 1,192,000,000 | 1,191,000,000 | 1,173,000,000 | 1,154,000,000 | 1,148,000,000 | 1,127,000,000 | 1,111,000,000 | 1,094,000,000 | 1,086,000,000 | 1,071,000,000 | 839,000,000 | 827,000,000 | 812,000,000 | 782,000,000 | 783,000,000 | 784,000,000 | 746,000,000 | |||||||||||||
investment income, net of expenses | 318,000,000 | 305,000,000 | 295,000,000 | 285,000,000 | 280,000,000 | 280,000,000 | 258,000,000 | 242,000,000 | 245,000,000 | 239,000,000 | 225,000,000 | 220,000,000 | 210,000,000 | 208,000,000 | 193,000,000 | 195,000,000 | 185,000,000 | 186,000,000 | 179,000,000 | 175,000,000 | 174,000,000 | 167,000,000 | 166,000,000 | 165,000,000 | 161,000,000 | 160,000,000 | 157,000,000 | 161,000,000 | 154,000,000 | 154,000,000 | 150,000,000 | 153,000,000 | 151,000,000 | 149,000,000 | 153,000,000 | 148,000,000 | 149,000,000 | 145,000,000 | 150,000,000 | 143,000,000 | 140,000,000 | 139,000,000 | 140,000,000 | 138,000,000 | 131,000,000 | 132,000,000 | 130,000,000 | 131,000,000 | 130,000,000 | 128,000,000 | 130,000,000 | 127,000,000 | 119,000,000 | 124,000,000 | 125,000,000 | 130,000,000 | 130,000,000 | 152,000,000 | 157,000,000 | 152,000,000 | 150,000,000 | 148,000,000 | ||
investment gains and losses | -70,000,000 | 183,000,000 | 853,000,000 | 473,000,000 | -67,000,000 | -116,000,000 | 758,000,000 | 137,000,000 | 612,000,000 | 1,043,000,000 | -456,000,000 | 434,000,000 | 106,000,000 | 1,027,000,000 | -674,000,000 | -1,154,000,000 | -666,000,000 | 1,455,000,000 | -70,000,000 | 520,000,000 | 504,000,000 | 533,000,000 | 1,060,000,000 | -1,725,000,000 | 86,000,000 | 364,000,000 | 663,000,000 | -774,000,000 | 458,000,000 | 105,000,000 | -191,000,000 | |||||||||||||||||||||||||||||||||
fee revenues | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 4,000,000 | 2,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||
other revenues | 6,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 5,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | |||||||||||||||||
total revenues | 2,863,000,000 | 3,091,000,000 | 3,726,000,000 | 3,248,000,000 | 2,566,000,000 | 2,538,000,000 | 3,320,000,000 | 2,544,000,000 | 2,935,000,000 | 3,356,000,000 | 1,811,000,000 | 2,605,000,000 | 2,241,000,000 | 3,114,000,000 | 1,408,000,000 | 820,000,000 | 1,215,000,000 | 3,323,000,000 | 1,785,000,000 | 2,295,000,000 | 2,227,000,000 | 2,227,000,000 | 2,714,000,000 | -99,000,000 | 1,700,000,000 | 1,913,000,000 | 2,159,000,000 | 710,000,000 | 1,915,000,000 | 1,558,000,000 | 1,224,000,000 | 1,412,000,000 | 1,386,000,000 | 1,523,000,000 | 1,312,000,000 | 1,402,000,000 | 1,371,000,000 | 1,364,000,000 | 1,263,000,000 | 1,278,000,000 | 1,316,000,000 | 1,285,000,000 | 1,262,000,000 | 1,280,000,000 | 986,000,000 | 955,000,000 | 944,000,000 | 929,000,000 | 936,000,000 | 1,071,000,000 | 887,000,000 | 1,007,000,000 | 874,000,000 | 890,000,000 | 1,018,000,000 | 1,186,000,000 | 917,000,000 | 704,000,000 | 976,000,000 | 982,000,000 | 1,270,000,000 | 1,031,000,000 | ||
yoy | 11.57% | 21.79% | 12.23% | 27.67% | -12.57% | -24.37% | 83.32% | -2.34% | 30.97% | 7.77% | 28.62% | 217.68% | 84.44% | -6.29% | -21.12% | -64.27% | -45.44% | 49.21% | -34.23% | -2418.18% | 31.00% | 16.41% | 25.71% | -113.94% | -11.23% | 22.79% | 76.39% | -49.72% | 38.17% | 2.30% | -6.71% | 0.71% | 1.09% | 11.66% | 3.88% | 9.70% | 4.18% | 6.15% | 0.08% | -0.16% | 30.32% | 32.15% | 35.59% | 5.34% | -10.83% | 6.43% | -7.75% | 7.09% | 20.34% | -12.87% | -15.09% | -4.69% | 26.42% | 4.30% | 20.77% | -27.80% | -31.72% | |||||||
qoq | -7.38% | -17.04% | 14.72% | 26.58% | 1.10% | -23.55% | 30.50% | -13.32% | -12.54% | 85.31% | -30.48% | 16.24% | -28.03% | 121.16% | 71.71% | -32.51% | -63.44% | 86.16% | -22.22% | 3.05% | 0.00% | -17.94% | -2841.41% | -105.82% | -11.13% | -11.39% | 204.08% | -62.92% | 22.91% | 27.29% | -13.31% | 1.88% | -9.00% | 16.08% | -6.42% | 2.26% | 0.51% | 8.00% | -1.17% | -2.89% | 2.41% | 1.82% | -1.41% | 3.25% | 1.17% | 1.61% | -0.75% | -12.61% | 20.74% | -11.92% | 15.22% | -1.80% | -12.57% | -14.17% | 29.33% | 30.26% | -27.87% | -0.61% | -22.68% | 23.18% | ||||
benefits and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance losses and contract holders' benefits | 1,751,000,000 | 1,472,000,000 | 1,540,000,000 | 1,660,000,000 | 1,968,000,000 | 1,330,000,000 | 1,578,000,000 | 1,480,000,000 | 1,349,000,000 | 1,204,000,000 | 1,332,000,000 | 1,340,000,000 | 1,398,000,000 | 1,246,000,000 | 1,418,000,000 | 1,309,000,000 | 1,039,000,000 | 946,000,000 | 1,072,000,000 | 915,000,000 | 1,003,000,000 | 1,143,000,000 | 1,086,000,000 | 1,003,000,000 | 932,000,000 | 936,000,000 | 860,000,000 | 874,000,000 | 879,000,000 | 883,000,000 | 854,000,000 | 874,000,000 | 854,000,000 | 853,000,000 | 809,000,000 | 753,000,000 | 821,000,000 | 724,000,000 | 677,000,000 | 670,000,000 | 712,000,000 | |||||||||||||||||||||||
underwriting, acquisition and insurance expenses | 764,000,000 | 759,000,000 | 754,000,000 | 709,000,000 | 702,000,000 | 703,000,000 | 683,000,000 | 655,000,000 | 616,000,000 | 640,000,000 | 609,000,000 | 579,000,000 | 556,000,000 | 558,000,000 | 551,000,000 | 534,000,000 | 519,000,000 | 511,000,000 | 511,000,000 | 490,000,000 | 439,000,000 | 452,000,000 | 464,000,000 | 456,000,000 | 455,000,000 | 430,000,000 | 411,000,000 | 398,000,000 | 401,000,000 | 395,000,000 | 403,000,000 | 393,000,000 | 387,000,000 | 377,000,000 | 359,000,000 | 380,000,000 | 366,000,000 | 360,000,000 | 354,000,000 | 348,000,000 | 340,000,000 | 345,000,000 | 334,000,000 | 319,000,000 | 274,000,000 | 264,000,000 | 260,000,000 | 261,000,000 | 249,000,000 | 258,000,000 | 268,000,000 | 247,000,000 | 248,000,000 | |||||||||||
interest expense | 13,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 13,000,000 | 12,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | ||
other operating expenses | 9,000,000 | 7,000,000 | 6,000,000 | 10,000,000 | 11,000,000 | 13,000,000 | 6,000,000 | 9,000,000 | 4,000,000 | 8,000,000 | 5,000,000 | 7,000,000 | 5,000,000 | 10,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 8,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 5,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | -1,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 99,000,000 | 119,000,000 | 108,000,000 | 93,000,000 | 91,000,000 | 96,000,000 | 90,000,000 | 87,000,000 | 88,000,000 | ||
total benefits and expenses | 2,537,000,000 | 2,251,000,000 | 2,313,000,000 | 2,393,000,000 | 2,694,000,000 | 2,059,000,000 | 2,280,000,000 | 2,158,000,000 | 1,982,000,000 | 1,866,000,000 | 1,959,000,000 | 1,939,000,000 | 1,973,000,000 | 1,827,000,000 | 1,987,000,000 | 1,861,000,000 | 1,575,000,000 | 1,477,000,000 | 1,601,000,000 | 1,423,000,000 | 1,459,000,000 | 1,613,000,000 | 1,569,000,000 | 1,477,000,000 | 1,406,000,000 | 1,383,000,000 | 1,292,000,000 | 1,291,000,000 | 1,297,000,000 | 1,294,000,000 | 1,274,000,000 | 1,283,000,000 | 1,258,000,000 | 1,247,000,000 | 1,184,000,000 | 1,149,000,000 | 1,205,000,000 | 1,099,000,000 | 1,047,000,000 | 1,035,000,000 | 1,068,000,000 | 1,111,000,000 | 1,026,000,000 | 1,021,000,000 | 874,000,000 | 769,000,000 | 933,000,000 | 853,000,000 | 762,000,000 | 850,000,000 | 802,000,000 | 763,000,000 | 924,000,000 | 856,000,000 | 798,000,000 | 830,000,000 | 853,000,000 | 804,000,000 | 723,000,000 | 822,000,000 | 762,000,000 | 760,000,000 | ||
income before income taxes | 326,000,000 | 840,000,000 | 1,413,000,000 | 855,000,000 | -128,000,000 | 479,000,000 | 1,040,000,000 | 386,000,000 | 953,000,000 | 1,490,000,000 | -148,000,000 | 666,000,000 | 268,000,000 | 1,287,000,000 | -579,000,000 | -1,041,000,000 | -360,000,000 | 1,846,000,000 | 184,000,000 | 872,000,000 | 768,000,000 | 614,000,000 | 1,145,000,000 | -1,576,000,000 | 294,000,000 | 530,000,000 | 867,000,000 | -581,000,000 | 618,000,000 | 264,000,000 | -50,000,000 | 129,000,000 | 128,000,000 | 276,000,000 | 128,000,000 | 253,000,000 | 166,000,000 | 265,000,000 | 216,000,000 | 243,000,000 | 248,000,000 | 174,000,000 | 236,000,000 | 259,000,000 | 112,000,000 | 186,000,000 | 11,000,000 | 76,000,000 | 174,000,000 | 221,000,000 | 85,000,000 | 244,000,000 | -50,000,000 | 34,000,000 | 220,000,000 | 356,000,000 | 64,000,000 | -100,000,000 | 253,000,000 | 160,000,000 | 508,000,000 | 271,000,000 | ||
provision for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current | 134,000,000 | 137,000,000 | 128,000,000 | 81,000,000 | -42,000,000 | 156,000,000 | 171,000,000 | 61,000,000 | 61,000,000 | 86,000,000 | 57,000,000 | 51,000,000 | 16,000,000 | 58,000,000 | 19,000,000 | 30,000,000 | 41,000,000 | 81,000,000 | 55,000,000 | 75,000,000 | 36,000,000 | 55,000,000 | 23,000,000 | 3,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 48,000,000 | -98,000,000 | 33,000,000 | 28,000,000 | 27,000,000 | 31,000,000 | 40,000,000 | 10,000,000 | 60,000,000 | 48,000,000 | 65,000,000 | 51,000,000 | 64,000,000 | 70,000,000 | 46,000,000 | 53,000,000 | 68,000,000 | 20,000,000 | 36,000,000 | 17,000,000 | 24,000,000 | 10,000,000 | 59,000,000 | 15,000,000 | 59,000,000 | -49,000,000 | -2,000,000 | 92,000,000 | 140,000,000 | -16,000,000 | 22,000,000 | 60,000,000 | 32,000,000 | 156,000,000 | 77,000,000 | ||
deferred | -82,000,000 | 27,000,000 | 163,000,000 | 89,000,000 | 4,000,000 | -82,000,000 | 49,000,000 | 13,000,000 | 137,000,000 | 221,000,000 | -106,000,000 | 81,000,000 | 27,000,000 | 216,000,000 | -180,000,000 | -263,000,000 | -128,000,000 | 295,000,000 | -24,000,000 | 94,000,000 | 112,000,000 | 75,000,000 | 213,000,000 | -353,000,000 | 18,000,000 | 74,000,000 | 144,000,000 | -177,000,000 | 163,000,000 | 14,000,000 | -47,000,000 | -3,000,000 | 35,000,000 | 18,000,000 | 13,000,000 | -5,000,000 | 12,000,000 | 9,000,000 | 5,000,000 | 2,000,000 | 16,000,000 | 8,000,000 | 6,000,000 | 16,000,000 | -25,000,000 | -10,000,000 | 38,000,000 | 6,000,000 | 2,000,000 | 14,000,000 | 18,000,000 | 1,000,000 | -33,000,000 | -31,000,000 | 17,000,000 | -80,000,000 | 7,000,000 | 4,000,000 | 1,000,000 | |||||
total provision for income taxes | 52,000,000 | 164,000,000 | 291,000,000 | 170,000,000 | -38,000,000 | 74,000,000 | 220,000,000 | 74,000,000 | 198,000,000 | 307,000,000 | -49,000,000 | 132,000,000 | 43,000,000 | 274,000,000 | -161,000,000 | -233,000,000 | -87,000,000 | 376,000,000 | 31,000,000 | 169,000,000 | 148,000,000 | 130,000,000 | 236,000,000 | -350,000,000 | 46,000,000 | 102,000,000 | 172,000,000 | -129,000,000 | 65,000,000 | 47,000,000 | -19,000,000 | 27,000,000 | 28,000,000 | 75,000,000 | 28,000,000 | 73,000,000 | 43,000,000 | 77,000,000 | 60,000,000 | 69,000,000 | 72,000,000 | 46,000,000 | 26,000,000 | 52,000,000 | -8,000,000 | 14,000,000 | 48,000,000 | 65,000,000 | 17,000,000 | 73,000,000 | -31,000,000 | 59,000,000 | 109,000,000 | 1,000,000 | -58,000,000 | 67,000,000 | 36,000,000 | 157,000,000 | 77,000,000 | |||||
net income | 274,000,000 | 676,000,000 | 1,122,000,000 | 685,000,000 | -90,000,000 | 405,000,000 | 820,000,000 | 312,000,000 | 755,000,000 | 1,183,000,000 | -99,000,000 | 534,000,000 | 225,000,000 | 1,013,000,000 | -418,000,000 | -808,000,000 | -273,000,000 | 1,470,000,000 | 153,000,000 | 703,000,000 | 620,000,000 | 484,000,000 | 909,000,000 | -1,226,000,000 | 248,000,000 | 428,000,000 | 695,000,000 | -452,000,000 | 553,000,000 | 217,000,000 | -31,000,000 | 102,000,000 | 100,000,000 | 201,000,000 | 100,000,000 | 180,000,000 | 123,000,000 | 188,000,000 | 156,000,000 | 174,000,000 | 176,000,000 | 128,000,000 | 167,000,000 | 183,000,000 | 86,000,000 | 134,000,000 | 19,000,000 | 62,000,000 | 126,000,000 | 156,000,000 | 68,000,000 | 171,000,000 | -19,000,000 | 35,000,000 | 161,000,000 | 247,000,000 | 63,000,000 | -42,000,000 | 186,000,000 | 124,000,000 | 351,000,000 | 194,000,000 | ||
yoy | -404.44% | 66.91% | 36.83% | 119.55% | -111.92% | -65.77% | -928.28% | -41.57% | 235.56% | 16.78% | -76.32% | -166.09% | -182.42% | -31.09% | -373.20% | -214.94% | -144.03% | 203.72% | -83.17% | -157.34% | 150.00% | 13.08% | 30.79% | 171.24% | -55.15% | 97.24% | -2341.94% | -543.14% | 453.00% | 7.96% | -131.00% | -43.33% | -18.70% | 6.91% | -35.90% | 3.45% | -30.11% | 46.88% | -6.59% | -4.92% | 48.84% | 24.63% | 863.16% | -31.75% | -14.10% | -72.06% | -63.74% | -763.16% | 345.71% | -57.76% | -30.77% | -130.16% | -183.33% | -13.44% | 99.19% | -82.05% | -121.65% | |||||||
qoq | -59.47% | -39.75% | 63.80% | -861.11% | -122.22% | -50.61% | 162.82% | -58.68% | -36.18% | -1294.95% | -118.54% | 137.33% | -77.79% | -342.34% | -48.27% | 195.97% | -118.57% | 860.78% | -78.24% | 13.39% | 28.10% | -46.75% | -174.14% | -594.35% | -42.06% | -38.42% | -253.76% | -181.74% | 154.84% | -800.00% | -130.39% | 2.00% | -50.25% | 101.00% | -44.44% | 46.34% | -34.57% | 20.51% | -10.34% | -1.14% | 37.50% | -23.35% | -8.74% | -35.82% | 605.26% | -69.35% | -50.79% | -19.23% | 129.41% | -60.23% | -1000.00% | -154.29% | -78.26% | -34.82% | 292.06% | -250.00% | -122.58% | 50.00% | -64.67% | 80.93% | ||||
net income margin % | 9.57% | 21.87% | 30.11% | 21.09% | -3.51% | 15.96% | 24.70% | 12.26% | 25.72% | 35.25% | -5.47% | 20.50% | 10.04% | 32.53% | -29.69% | -98.54% | -22.47% | 44.24% | 8.57% | 30.63% | 27.84% | 21.73% | 33.49% | 1238.38% | 14.59% | 22.37% | 32.19% | -63.66% | 28.88% | 13.93% | -2.53% | 7.22% | 7.22% | 13.20% | 7.62% | 12.84% | 8.97% | 13.78% | 12.35% | 13.62% | 13.37% | 9.96% | 13.23% | 14.30% | NaN% | 8.72% | 14.03% | 2.01% | 6.67% | 13.46% | 14.57% | 7.67% | 16.98% | -2.17% | 3.93% | 15.82% | 20.83% | 6.87% | -5.97% | 19.06% | 12.63% | 27.64% | 18.82% | |
per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income — basic | 1,770,000 | 2,747,500 | 7,190,000 | 4,380,000 | -570,000 | 3,015,000 | 5,250,000 | 1,990,000 | 4,820,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income — diluted | 1,750,000 | 2,720,000 | 7,110,000 | 4,340,000 | -570,000 | 2,992,500 | 5,200,000 | 1,980,000 | 4,780,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income—basic | 7,540,000 | -630,000 | 3,400,000 | 1,430,000 | 6,350,000 | -2,640,000 | -5,060,000 | -1,700,000 | 9,130,000 | 950,000 | 4,360,000 | 3,850,000 | 3,010,000 | 5,650,000 | -7,560,000 | 1,510,000 | 2,620,000 | 4,270,000 | -2,770,000 | 3,400,000 | 1,330,000 | -190,000 | 620,000 | 610,000 | 1,220,000 | 610,000 | 1,090,000 | 750,000 | 1,140,000 | 960,000 | 1,060,000 | 1,070,000 | 780,000 | 1,020,000 | 1,120,000 | 530,000 | 820,000 | 120,000 | 380,000 | 780,000 | 950,000 | 420,000 | 1,050,000 | -120,000 | 220,000 | 990,000 | 1,510,000 | 380,000 | -260,000 | 1,120,000 | 720,000 | 2,040,000 | 1,120,000 | |||||||||||
net income—diluted | 7,490,000 | -630,000 | 3,380,000 | 1,420,000 | 6,350,000 | -2,640,000 | -5,060,000 | -1,700,000 | 9,030,000 | 940,000 | 4,310,000 | 3,820,000 | 2,990,000 | 5,630,000 | -7,560,000 | 1,490,000 | 2,590,000 | 4,220,000 | -2,740,000 | 3,380,000 | 1,320,000 | -190,000 | 610,000 | 600,000 | 1,210,000 | 600,000 | 1,080,000 | 740,000 | 1,130,000 | 940,000 | 1,050,000 | 1,060,000 | 770,000 | 1,010,000 | 1,110,000 | 530,000 | 820,000 | 120,000 | 380,000 | 780,000 | 950,000 | 420,000 | 1,050,000 | -120,000 | 220,000 | 980,000 | 1,500,000 | 380,000 | -260,000 | 1,110,000 | 720,000 | 2,020,000 | 1,110,000 | |||||||||||
realized investment gains and losses | 7,000,000 | -11,000,000 | -2,000,000 | 110,000,000 | 272,000,000 | -11,000,000 | -232,000,000 | 12,000,000 | 16,000,000 | 293,000,000 | 62,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
realized investment gains | 160,000,000 | -37,000,000 | 56,000,000 | 44,000,000 | 61,000,000 | -40,000,000 | 3,000,000 | 60,000,000 | 47,000,000 | 32,000,000 | 65,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance losses and policyholder benefits | 749,000,000 | 675,000,000 | 686,000,000 | 582,000,000 | 492,000,000 | 656,000,000 | 575,000,000 | 494,000,000 | 575,000,000 | 516,000,000 | 498,000,000 | 658,000,000 | 581,000,000 | 500,000,000 | 563,000,000 | 595,000,000 | 536,000,000 | 430,000,000 | 559,000,000 | 490,000,000 | 484,000,000 | |||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total benefit from income taxes | 69,000,000 | 76,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains on investments available-for-sale, net of tax of (42), 22, 81 and 61, respectively | 37,750,000 | -78,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in pension actuarial loss and prior service cost, net of tax of 0, 1, 0 and 3, respectively | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in life deferred acquisition costs, life policy reserves and other, net of tax of 2, 2, 2 and 10, respectively | 750,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | 38,500,000 | -74,000,000 | 146,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 128,000,000 | 109,000,000 | 232,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total realized investment gains | 13,000,000 | -7,000,000 | -2,000,000 | 12,000,000 | 19,000,000 | 155,000,000 | 8,000,000 | 110,000,000 | -18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, before tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on investments available-for-sale | 241,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for (gains) included in net income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on investments available-for-sale and other | 223,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of actuarial loss and prior service cost | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: amortization of prior service cost included in net income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit pension plan | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income before tax | 225,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit related to items of other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized investment gains, net: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairments on fixed maturity securities | -2,000,000 | -3,000,000 | -1,000,000 | -1,000,000 | -11,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other realized investment gains | -5,000,000 | 1,000,000 | 12,000,000 | 19,000,000 | 156,000,000 | 9,000,000 | 121,000,000 | -15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 2,250,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 5,000,000 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
provision (benefit) for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accompanying notes are an integral part of these condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property casualty | 733,000,000 | 733,000,000 | 732,000,000 | 748,000,000 | 751,000,000 | 761,000,000 | 751,000,000 | 777,000,000 | 777,000,000 | 787,000,000 | 785,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
life | 33,000,000 | 37,000,000 | 33,000,000 | 33,000,000 | 30,000,000 | 33,000,000 | 29,000,000 | 26,000,000 | 34,000,000 | 35,000,000 | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions | 152,000,000 | 148,000,000 | 130,000,000 | 148,000,000 | 150,000,000 | 158,000,000 | 136,000,000 | 160,000,000 | 170,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes, licenses and fees | 17,000,000 | 16,000,000 | 16,000,000 | 15,000,000 | 21,000,000 | 18,000,000 | 18,000,000 | 19,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred policy acquisition costs | -7,000,000 | 1,000,000 | -1,000,000 | -11,000,000 | -6,000,000 | 8,000,000 | 6,000,000 | -7,000,000 | -15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total benefit for income taxes | -1,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, at fair value | 18,545,000,000 | 18,123,000,000 | 17,630,000,000 | 17,077,000,000 | 16,523,000,000 | 16,182,000,000 | 15,871,000,000 | 14,409,000,000 | 14,084,000,000 | 13,791,000,000 | 12,843,000,000 | 12,870,000,000 | 12,678,000,000 | 12,132,000,000 | 11,734,000,000 | 11,933,000,000 | 12,376,000,000 | 13,022,000,000 | 12,908,000,000 | 12,789,000,000 | 12,308,000,000 | 12,338,000,000 | 12,157,000,000 | 11,911,000,000 | 11,340,000,000 | 11,600,000,000 | 11,320,000,000 | 11,022,000,000 | 10,689,000,000 | 10,660,000,000 | 10,636,000,000 | 10,528,000,000 | 10,540,000,000 | 10,502,000,000 | 10,301,000,000 | 10,257,000,000 | 10,138,000,000 | 9,884,000,000 | 9,650,000,000 | 9,756,000,000 | 9,675,000,000 | 9,596,000,000 | 9,460,000,000 | 9,522,000,000 | 9,383,000,000 | 9,180,000,000 | 9,038,000,000 | 8,992,000,000 | 9,169,000,000 | 9,116,000,000 | 9,025,000,000 | 8,956,000,000 | 8,779,000,000 | 8,854,000,000 | 8,536,000,000 | 8,383,000,000 | 8,466,000,000 | 8,081,000,000 | 7,668,000,000 | 7,127,000,000 | 6,479,000,000 | 5,827,000,000 | 5,729,000,000 | 5,926,000,000 | 5,965,000,000 | 5,848,000,000 | 5,939,000,000 | 5,891,000,000 | 5,864,000,000 | 5,805,000,000 |
equity securities, at fair value | 12,569,000,000 | 12,694,000,000 | 12,547,000,000 | 11,649,000,000 | 11,118,000,000 | 11,185,000,000 | 11,570,000,000 | 11,634,000,000 | 11,557,000,000 | 10,989,000,000 | 10,031,000,000 | 10,502,000,000 | 9,967,000,000 | 9,841,000,000 | 8,840,000,000 | 9,510,000,000 | 10,675,000,000 | 11,315,000,000 | 9,887,000,000 | 9,897,000,000 | 9,360,000,000 | 8,856,000,000 | 7,867,000,000 | 7,317,000,000 | 6,225,000,000 | 7,176,000,000 | 7,012,000,000 | 6,571,000,000 | 5,920,000,000 | 6,663,000,000 | 6,200,000,000 | 6,086,000,000 | 6,025,000,000 | 5,799,000,000 | 5,676,000,000 | 5,304,000,000 | 5,242,000,000 | 4,941,000,000 | 4,706,000,000 | 4,526,000,000 | 4,734,000,000 | 4,789,000,000 | 4,858,000,000 | 4,666,000,000 | 4,605,000,000 | 4,426,000,000 | 3,984,000,000 | 3,875,000,000 | 3,801,000,000 | 3,349,000,000 | 3,139,000,000 | 3,131,000,000 | 2,956,000,000 | 2,609,000,000 | 3,100,000,000 | 3,041,000,000 | 2,757,000,000 | 2,838,000,000 | 2,669,000,000 | 2,492,000,000 | 2,302,000,000 | 2,896,000,000 | 4,137,000,000 | 4,453,000,000 | 5,629,000,000 | 6,249,000,000 | 7,225,000,000 | 7,650,000,000 | 7,687,000,000 | 7,799,000,000 |
short-term investments, at fair value | 49,000,000 | 148,000,000 | 149,000,000 | 100,000,000 | 100,000,000 | 298,000,000 | 75,000,000 | 75,000,000 | 25,000,000 | 12,000,000 | 12,000,000 | 13,000,000 | 84,000,000 | 212,000,000 | 51,000,000 | 101,000,000 | 37,000,000 | 101,000,000 | 19,000,000 | 95,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets | 838,000,000 | 818,000,000 | 773,000,000 | 743,000,000 | 740,000,000 | 713,000,000 | 663,000,000 | 641,000,000 | 608,000,000 | 577,000,000 | 534,000,000 | 507,000,000 | 478,000,000 | 452,000,000 | 414,000,000 | 391,000,000 | 348,000,000 | 329,000,000 | 418,000,000 | 375,000,000 | 350,000,000 | 348,000,000 | 275,000,000 | 259,000,000 | 311,000,000 | 283,000,000 | 271,000,000 | 271,000,000 | 123,000,000 | 110,000,000 | 108,000,000 | 107,000,000 | 99,000,000 | 93,000,000 | 90,000,000 | 81,000,000 | 79,000,000 | 64,000,000 | 67,000,000 | 69,000,000 | 67,000,000 | 66,000,000 | 68,000,000 | 67,000,000 | 72,000,000 | 72,000,000 | 68,000,000 | 66,000,000 | 67,000,000 | 68,000,000 | 67,000,000 | 66,000,000 | 66,000,000 | 66,000,000 | 68,000,000 | 84,000,000 | 82,000,000 | 83,000,000 | 79,000,000 | 77,000,000 | 82,000,000 | 83,000,000 | 82,000,000 | 81,000,000 | 59,000,000 | 63,000,000 | 67,000,000 | 70,000,000 | 71,000,000 | 60,000,000 |
total investments | 32,001,000,000 | 31,783,000,000 | 31,099,000,000 | 29,569,000,000 | 28,481,000,000 | 28,378,000,000 | 28,104,000,000 | 26,684,000,000 | 26,249,000,000 | 25,357,000,000 | 23,408,000,000 | 23,879,000,000 | 23,123,000,000 | 22,425,000,000 | 20,988,000,000 | 21,834,000,000 | 23,399,000,000 | 24,666,000,000 | 23,213,000,000 | 23,061,000,000 | 22,018,000,000 | 21,542,000,000 | 20,299,000,000 | 19,487,000,000 | 17,876,000,000 | 19,059,000,000 | 18,603,000,000 | 17,864,000,000 | 16,732,000,000 | 17,433,000,000 | 16,944,000,000 | 16,721,000,000 | 16,664,000,000 | 16,394,000,000 | 16,067,000,000 | 15,642,000,000 | 15,459,000,000 | 14,889,000,000 | 14,423,000,000 | 14,426,000,000 | 14,551,000,000 | 14,476,000,000 | 14,386,000,000 | 14,255,000,000 | 14,060,000,000 | 13,678,000,000 | 13,090,000,000 | 12,933,000,000 | 13,037,000,000 | 12,533,000,000 | 12,231,000,000 | 12,153,000,000 | 11,801,000,000 | 11,529,000,000 | 11,704,000,000 | 11,508,000,000 | 11,305,000,000 | 11,002,000,000 | 10,428,000,000 | 9,708,000,000 | 8,876,000,000 | 8,890,000,000 | 10,160,000,000 | 10,460,000,000 | 11,704,000,000 | 12,261,000,000 | 13,268,000,000 | 13,712,000,000 | 13,641,000,000 | 13,759,000,000 |
cash and cash equivalents | 1,210,000,000 | 1,431,000,000 | 1,460,000,000 | 995,000,000 | 1,010,000,000 | 983,000,000 | 1,752,000,000 | 771,000,000 | 619,000,000 | 907,000,000 | 899,000,000 | 748,000,000 | 955,000,000 | 1,264,000,000 | 1,083,000,000 | 1,098,000,000 | 987,000,000 | 1,139,000,000 | 1,085,000,000 | 1,003,000,000 | 947,000,000 | 900,000,000 | 914,000,000 | 706,000,000 | 486,000,000 | 787,000,000 | 803,000,000 | 802,000,000 | 784,000,000 | 616,000,000 | 521,000,000 | 604,000,000 | 674,000,000 | 606,000,000 | 543,000,000 | 700,000,000 | 547,000,000 | 613,000,000 | 544,000,000 | 419,000,000 | 487,000,000 | 640,000,000 | 591,000,000 | 412,000,000 | 462,000,000 | 521,000,000 | 511,000,000 | 382,000,000 | 380,000,000 | 416,000,000 | 263,000,000 | 424,000,000 | 438,000,000 | 308,000,000 | 379,000,000 | 385,000,000 | 445,000,000 | 402,000,000 | 448,000,000 | 254,000,000 | 515,000,000 | 1,009,000,000 | 347,000,000 | 333,000,000 | 237,000,000 | 226,000,000 | 183,000,000 | 122,000,000 | 197,000,000 | 202,000,000 |
investment income receivable | 247,000,000 | 235,000,000 | 233,000,000 | 223,000,000 | 224,000,000 | 222,000,000 | 199,000,000 | 201,000,000 | 202,000,000 | 192,000,000 | 182,000,000 | 163,000,000 | 160,000,000 | 160,000,000 | 152,000,000 | 141,000,000 | 147,000,000 | 144,000,000 | 142,000,000 | 138,000,000 | 134,000,000 | 136,000,000 | 131,000,000 | 131,000,000 | 124,000,000 | 125,000,000 | 130,000,000 | 128,000,000 | 132,000,000 | 129,000,000 | 130,000,000 | 124,000,000 | 128,000,000 | 130,000,000 | 123,000,000 | 121,000,000 | 126,000,000 | 121,000,000 | 129,000,000 | 119,000,000 | 122,000,000 | 123,000,000 | 123,000,000 | 119,000,000 | 116,000,000 | 116,000,000 | 115,000,000 | 116,000,000 | 117,000,000 | 116,000,000 | 118,000,000 | 116,000,000 | 119,000,000 | 117,000,000 | 117,000,000 | 119,000,000 | 114,000,000 | 116,000,000 | 109,000,000 | 111,000,000 | 98,000,000 | 98,000,000 | 96,000,000 | 109,000,000 | 118,000,000 | 124,000,000 | 123,000,000 | 124,000,000 | 117,000,000 | 121,000,000 |
finance receivable | 142,000,000 | 146,000,000 | 147,000,000 | 121,000,000 | 122,000,000 | 120,000,000 | 116,000,000 | 111,000,000 | 106,000,000 | 108,000,000 | 103,000,000 | 98,000,000 | 94,000,000 | 92,000,000 | 87,000,000 | 87,000,000 | 92,000,000 | 98,000,000 | 98,000,000 | 100,000,000 | 99,000,000 | 95,000,000 | 86,000,000 | 86,000,000 | 76,000,000 | 78,000,000 | 76,000,000 | 72,000,000 | 71,000,000 | 69,000,000 | 66,000,000 | 61,000,000 | 56,000,000 | 54,000,000 | 50,000,000 | 53,000,000 | 58,000,000 | 60,000,000 | 62,000,000 | 65,000,000 | 68,000,000 | 70,000,000 | 75,000,000 | 77,000,000 | 80,000,000 | 83,000,000 | 79,000,000 | 79,000,000 | 76,000,000 | 76,000,000 | 78,000,000 | 76,000,000 | 76,000,000 | 75,000,000 | 76,000,000 | 73,000,000 | 71,000,000 | 75,000,000 | 74,000,000 | 74,000,000 | 71,000,000 | 71,000,000 | 74,000,000 | 80,000,000 | 84,000,000 | 92,000,000 | 97,000,000 | 100,000,000 | 103,000,000 | 108,000,000 |
premiums receivable | 3,321,000,000 | 3,142,000,000 | 3,307,000,000 | 3,420,000,000 | 3,163,000,000 | 2,969,000,000 | 3,012,000,000 | 3,091,000,000 | 2,805,000,000 | 2,592,000,000 | 2,654,000,000 | 2,749,000,000 | 2,509,000,000 | 2,322,000,000 | 2,403,000,000 | 2,484,000,000 | 2,248,000,000 | 2,053,000,000 | 2,106,000,000 | 2,217,000,000 | 2,048,000,000 | 1,879,000,000 | 1,925,000,000 | 2,051,000,000 | 1,900,000,000 | 1,839,000,000 | 1,913,000,000 | 1,785,000,000 | 1,644,000,000 | 1,709,000,000 | 1,733,000,000 | 1,626,000,000 | 1,640,000,000 | 1,651,000,000 | 1,588,000,000 | 1,518,000,000 | 1,529,000,000 | 1,468,000,000 | 1,431,000,000 | 1,494,000,000 | 1,509,000,000 | 1,433,000,000 | 1,405,000,000 | 1,447,000,000 | 1,462,000,000 | 1,396,000,000 | 1,393,000,000 | 1,350,000,000 | 1,291,000,000 | 1,247,000,000 | 1,210,000,000 | 1,126,000,000 | 1,087,000,000 | 1,107,000,000 | 1,062,000,000 | 1,015,000,000 | 1,035,000,000 | 1,031,000,000 | 1,046,000,000 | 1,075,000,000 | 1,085,000,000 | 1,059,000,000 | 1,103,000,000 | 1,150,000,000 | 1,113,000,000 | 1,107,000,000 | 1,161,000,000 | 1,217,000,000 | 1,173,000,000 | 1,128,000,000 |
reinsurance recoverable | 627,000,000 | 655,000,000 | 679,000,000 | 749,000,000 | 808,000,000 | 523,000,000 | 548,000,000 | 546,000,000 | 617,000,000 | 651,000,000 | 699,000,000 | 694,000,000 | 698,000,000 | 640,000,000 | 561,000,000 | 531,000,000 | 556,000,000 | 570,000,000 | 548,000,000 | 504,000,000 | 511,000,000 | 517,000,000 | 533,000,000 | 528,000,000 | 567,000,000 | 524,000,000 | 515,000,000 | 527,000,000 | 484,000,000 | 424,000,000 | 420,000,000 | 423,000,000 | 522,000,000 | 532,000,000 | 544,000,000 | 552,000,000 | 557,000,000 | 532,000,000 | 542,000,000 | 552,000,000 | 535,000,000 | 539,000,000 | 545,000,000 | 549,000,000 | 526,000,000 | 546,000,000 | 584,000,000 | 582,000,000 | 620,000,000 | 589,000,000 | ||||||||||||||||||||
prepaid reinsurance premiums | 95,000,000 | 71,000,000 | 100,000,000 | 130,000,000 | 93,000,000 | 70,000,000 | 94,000,000 | 121,000,000 | 77,000,000 | 55,000,000 | 69,000,000 | 95,000,000 | 57,000,000 | 79,000,000 | 91,000,000 | 113,000,000 | 79,000,000 | 78,000,000 | 87,000,000 | 105,000,000 | 68,000,000 | 65,000,000 | 73,000,000 | 91,000,000 | 57,000,000 | 60,000,000 | 70,000,000 | 50,000,000 | 44,000,000 | 44,000,000 | 39,000,000 | 39,000,000 | 44,000,000 | 48,000,000 | 52,000,000 | 68,000,000 | 73,000,000 | 50,000,000 | 54,000,000 | 29,000,000 | 28,000,000 | 29,000,000 | 29,000,000 | 28,000,000 | 26,000,000 | 27,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 15,000,000 | 16,000,000 | 18,000,000 | 17,000,000 | 16,000,000 | 14,000,000 | 14,000,000 | 15,000,000 | 15,000,000 | 13,000,000 | 12,000,000 | 13,000,000 | 13,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 13,000,000 |
deferred policy acquisition costs | 1,384,000,000 | 1,344,000,000 | 1,360,000,000 | 1,367,000,000 | 1,297,000,000 | 1,242,000,000 | 1,241,000,000 | 1,229,000,000 | 1,143,000,000 | 1,093,000,000 | 1,101,000,000 | 1,109,000,000 | 1,048,000,000 | 1,014,000,000 | 1,036,000,000 | 1,045,000,000 | 979,000,000 | 905,000,000 | 915,000,000 | 924,000,000 | 880,000,000 | 805,000,000 | 817,000,000 | 834,000,000 | 827,000,000 | 783,000,000 | 786,000,000 | 751,000,000 | 738,000,000 | 743,000,000 | 728,000,000 | 691,000,000 | 676,000,000 | 678,000,000 | 660,000,000 | 627,000,000 | 624,000,000 | 618,000,000 | 616,000,000 | 609,000,000 | 600,000,000 | 571,000,000 | 578,000,000 | 590,000,000 | 571,000,000 | 564,000,000 | 576,000,000 | 546,000,000 | 491,000,000 | 491,000,000 | 484,000,000 | 483,000,000 | 510,000,000 | 512,000,000 | 503,000,000 | 488,000,000 | 469,000,000 | 485,000,000 | 485,000,000 | 500,000,000 | 510,000,000 | 509,000,000 | 501,000,000 | 487,000,000 | 472,000,000 | 461,000,000 | 471,000,000 | 479,000,000 | 467,000,000 | 453,000,000 |
land, building and equipment, net, for company use | 214,000,000 | 219,000,000 | 213,000,000 | 214,000,000 | 216,000,000 | 214,000,000 | 215,000,000 | 213,000,000 | 211,000,000 | 208,000,000 | 199,000,000 | 198,000,000 | 199,000,000 | 202,000,000 | 204,000,000 | 201,000,000 | 203,000,000 | 205,000,000 | 209,000,000 | 213,000,000 | 213,000,000 | 213,000,000 | 211,000,000 | 209,000,000 | 208,000,000 | 207,000,000 | 207,000,000 | 202,000,000 | 195,000,000 | 191,000,000 | 188,000,000 | 186,000,000 | 186,000,000 | 184,000,000 | 181,000,000 | 184,000,000 | 186,000,000 | 188,000,000 | 185,000,000 | 188,000,000 | 187,000,000 | 189,000,000 | 194,000,000 | 198,000,000 | 203,000,000 | 207,000,000 | 211,000,000 | 213,000,000 | 216,000,000 | 223,000,000 | 229,000,000 | 235,000,000 | 227,000,000 | 228,000,000 | 243,000,000 | 229,000,000 | 236,000,000 | 249,000,000 | 258,000,000 | 249,000,000 | 236,000,000 | 235,000,000 | 234,000,000 | 239,000,000 | 227,000,000 | 212,000,000 | ||||
other assets | 982,000,000 | 995,000,000 | 998,000,000 | 1,063,000,000 | 903,000,000 | 828,000,000 | 785,000,000 | 887,000,000 | 771,000,000 | 681,000,000 | 683,000,000 | 708,000,000 | 732,000,000 | 646,000,000 | 706,000,000 | 798,000,000 | 657,000,000 | 570,000,000 | 548,000,000 | 460,000,000 | 466,000,000 | 438,000,000 | 452,000,000 | 416,000,000 | 388,000,000 | 402,000,000 | 375,000,000 | 340,000,000 | 308,000,000 | 327,000,000 | 199,000,000 | 192,000,000 | 204,000,000 | 171,000,000 | 170,000,000 | 200,000,000 | 195,000,000 | 135,000,000 | 154,000,000 | 77,000,000 | 59,000,000 | 63,000,000 | 75,000,000 | 69,000,000 | 98,000,000 | 79,000,000 | 54,000,000 | 94,000,000 | 57,000,000 | 47,000,000 | 179,000,000 | 97,000,000 | 93,000,000 | 142,000,000 | 66,000,000 | 67,000,000 | 176,000,000 | 55,000,000 | 71,000,000 | 175,000,000 | 138,000,000 | 49,000,000 | 381,000,000 | 126,000,000 | 49,000,000 | 72,000,000 | 46,000,000 | 51,000,000 | 85,000,000 | 58,000,000 |
separate accounts | 988,000,000 | 981,000,000 | 971,000,000 | 991,000,000 | 959,000,000 | 952,000,000 | 943,000,000 | 948,000,000 | 927,000,000 | 925,000,000 | 918,000,000 | 911,000,000 | 899,000,000 | 892,000,000 | 888,000,000 | 860,000,000 | 903,000,000 | 959,000,000 | 956,000,000 | 952,000,000 | 929,000,000 | 952,000,000 | 929,000,000 | 911,000,000 | 858,000,000 | 878,000,000 | 859,000,000 | 831,000,000 | 803,000,000 | 795,000,000 | 792,000,000 | 803,000,000 | 798,000,000 | 790,000,000 | 775,000,000 | 790,000,000 | 797,000,000 | 773,000,000 | 748,000,000 | 773,000,000 | 742,000,000 | 764,000,000 | 752,000,000 | 730,000,000 | 731,000,000 | 725,000,000 | 700,000,000 | 713,000,000 | 726,000,000 | 715,000,000 | 698,000,000 | 686,000,000 | 671,000,000 | 665,000,000 | 630,000,000 | 621,000,000 | 648,000,000 | 615,000,000 | 586,000,000 | 559,000,000 | 554,000,000 | 548,000,000 | 547,000,000 | 533,000,000 | 537,000,000 | 528,000,000 | 521,000,000 | 508,000,000 | 511,000,000 | 504,000,000 |
total assets | 41,211,000,000 | 41,002,000,000 | 40,567,000,000 | 38,842,000,000 | 37,276,000,000 | 36,501,000,000 | 37,009,000,000 | 34,802,000,000 | 33,727,000,000 | 32,769,000,000 | 30,915,000,000 | 31,352,000,000 | 30,474,000,000 | 29,736,000,000 | 28,199,000,000 | 29,192,000,000 | 30,250,000,000 | 31,387,000,000 | 29,907,000,000 | 29,677,000,000 | 28,313,000,000 | 27,542,000,000 | 26,370,000,000 | 25,450,000,000 | 23,367,000,000 | 24,742,000,000 | 24,337,000,000 | 23,352,000,000 | 21,935,000,000 | 22,480,000,000 | 21,760,000,000 | 21,470,000,000 | 21,592,000,000 | 21,238,000,000 | 20,753,000,000 | 20,455,000,000 | 20,151,000,000 | 19,447,000,000 | 18,888,000,000 | 18,751,000,000 | 18,888,000,000 | 18,897,000,000 | 18,753,000,000 | 18,474,000,000 | 18,335,000,000 | 17,942,000,000 | 17,339,000,000 | 17,034,000,000 | 17,037,000,000 | 16,479,000,000 | 16,089,000,000 | 16,022,000,000 | 15,668,000,000 | 15,412,000,000 | 15,369,000,000 | 15,095,000,000 | 15,070,000,000 | 14,616,000,000 | 14,226,000,000 | 13,522,000,000 | 13,108,000,000 | 13,369,000,000 | 14,303,000,000 | 14,811,000,000 | 15,945,000,000 | 16,637,000,000 | 17,622,000,000 | 18,264,000,000 | 18,221,000,000 | 17,222,000,000 |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance reserves | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss and loss expense reserves | 11,959,000,000 | 11,507,000,000 | 11,260,000,000 | 11,072,000,000 | 10,780,000,000 | 10,003,000,000 | 9,928,000,000 | 9,555,000,000 | 9,246,000,000 | 9,050,000,000 | 9,077,000,000 | 8,873,000,000 | 8,693,000,000 | 8,400,000,000 | 8,113,000,000 | 7,669,000,000 | 7,366,000,000 | 7,305,000,000 | 7,292,000,000 | 7,019,000,000 | 6,950,000,000 | 6,746,000,000 | 6,747,000,000 | 6,463,000,000 | 6,206,000,000 | 6,056,000,000 | 6,009,000,000 | 5,944,000,000 | 5,707,000,000 | 5,578,000,000 | 5,468,000,000 | 5,345,000,000 | 5,350,000,000 | 5,281,000,000 | 5,177,000,000 | 4,991,000,000 | 4,970,000,000 | 4,804,000,000 | 4,718,000,000 | 4,700,000,000 | 4,691,000,000 | 4,623,000,000 | 4,485,000,000 | 4,435,000,000 | 4,444,000,000 | 4,375,000,000 | 4,307,000,000 | 4,284,000,000 | 4,240,000,000 | 4,344,000,000 | 4,396,000,000 | 4,347,000,000 | 4,339,000,000 | 4,521,000,000 | 4,239,000,000 | 4,200,000,000 | 4,225,000,000 | 4,119,000,000 | 4,195,000,000 | 4,233,000,000 | 4,093,000,000 | 4,086,000,000 | 4,166,000,000 | 4,136,000,000 | 4,019,000,000 | 3,967,000,000 | 4,031,000,000 | 3,953,000,000 | 3,928,000,000 | 3,896,000,000 |
life policy and investment contract reserves | 2,965,000,000 | 2,992,000,000 | 3,003,000,000 | 2,959,000,000 | 2,968,000,000 | 2,960,000,000 | 3,069,000,000 | 2,966,000,000 | 3,013,000,000 | 3,068,000,000 | 2,920,000,000 | 3,038,000,000 | 3,059,000,000 | 3,059,000,000 | 3,053,000,000 | 3,041,000,000 | 3,027,000,000 | 3,014,000,000 | 2,999,000,000 | 2,980,000,000 | 2,950,000,000 | 2,915,000,000 | 2,900,000,000 | 2,881,000,000 | 2,861,000,000 | 2,816,000,000 | 2,798,000,000 | 2,784,000,000 | 2,779,000,000 | 2,770,000,000 | 2,760,000,000 | 2,740,000,000 | 2,716,000,000 | 2,702,000,000 | 2,689,000,000 | 2,641,000,000 | 2,624,000,000 | 2,601,000,000 | 2,583,000,000 | 2,564,000,000 | 2,543,000,000 | 2,514,000,000 | 2,497,000,000 | 2,484,000,000 | 2,454,000,000 | 2,435,000,000 | 2,373,000,000 | 2,345,000,000 | 2,310,000,000 | 2,285,000,000 | 2,256,000,000 | 2,240,000,000 | ||||||||||||||||||
unearned premiums | 5,424,000,000 | 5,254,000,000 | 5,423,000,000 | 5,444,000,000 | 5,068,000,000 | 4,813,000,000 | 4,874,000,000 | 4,826,000,000 | 4,398,000,000 | 4,119,000,000 | 4,195,000,000 | 4,222,000,000 | 3,890,000,000 | 3,689,000,000 | 3,798,000,000 | 3,867,000,000 | 3,560,000,000 | 3,271,000,000 | 3,342,000,000 | 3,417,000,000 | 3,181,000,000 | 2,960,000,000 | 3,024,000,000 | 3,107,000,000 | 2,922,000,000 | 2,859,000,000 | 2,896,000,000 | 2,717,000,000 | 2,516,000,000 | 2,591,000,000 | 2,578,000,000 | 2,459,000,000 | 2,475,000,000 | 2,461,000,000 | 2,377,000,000 | 2,388,000,000 | 2,349,000,000 | 2,248,000,000 | 2,201,000,000 | 2,215,000,000 | 2,191,000,000 | 2,109,000,000 | 2,082,000,000 | 2,128,000,000 | 2,110,000,000 | 2,035,000,000 | 2,026,000,000 | 1,947,000,000 | 1,875,000,000 | 1,818,000,000 | 1,762,000,000 | 1,680,000,000 | 1,633,000,000 | 1,657,000,000 | 1,586,000,000 | 1,553,000,000 | 1,573,000,000 | 1,549,000,000 | 1,557,000,000 | 1,565,000,000 | 1,582,000,000 | 1,544,000,000 | 1,583,000,000 | 1,609,000,000 | 1,585,000,000 | 1,564,000,000 | 1,619,000,000 | 1,662,000,000 | 1,640,000,000 | 1,579,000,000 |
other liabilities | 1,567,000,000 | 1,638,000,000 | 1,829,000,000 | 1,607,000,000 | 1,416,000,000 | 1,487,000,000 | 1,917,000,000 | 1,391,000,000 | 1,156,000,000 | 1,311,000,000 | 1,315,000,000 | 1,253,000,000 | 1,193,000,000 | 1,229,000,000 | 1,249,000,000 | 1,248,000,000 | 952,000,000 | 1,092,000,000 | 1,120,000,000 | 1,049,000,000 | 887,000,000 | 982,000,000 | 981,000,000 | 884,000,000 | 858,000,000 | 905,000,000 | 828,000,000 | 752,000,000 | 804,000,000 | 755,000,000 | 707,000,000 | 672,000,000 | 800,000,000 | 767,000,000 | 691,000,000 | 798,000,000 | 743,000,000 | 675,000,000 | 717,000,000 | 692,000,000 | 635,000,000 | 581,000,000 | 648,000,000 | 666,000,000 | 563,000,000 | 545,000,000 | 639,000,000 | 597,000,000 | 578,000,000 | 573,000,000 | 539,000,000 | 537,000,000 | 517,000,000 | 519,000,000 | 555,000,000 | 556,000,000 | 560,000,000 | 561,000,000 | 583,000,000 | 568,000,000 | 586,000,000 | 618,000,000 | 671,000,000 | 534,000,000 | 605,000,000 | 574,000,000 | 539,000,000 | 619,000,000 | 652,000,000 | 533,000,000 |
deferred income tax | 1,710,000,000 | 1,833,000,000 | 1,792,000,000 | 1,584,000,000 | 1,489,000,000 | 1,476,000,000 | 1,600,000,000 | 1,465,000,000 | 1,460,000,000 | 1,324,000,000 | 997,000,000 | 1,158,000,000 | 1,104,000,000 | 1,045,000,000 | 780,000,000 | 1,069,000,000 | 1,460,000,000 | 1,744,000,000 | 1,453,000,000 | 1,495,000,000 | 1,373,000,000 | 1,299,000,000 | 1,077,000,000 | 979,000,000 | 660,000,000 | 972,000,000 | 932,000,000 | 817,000,000 | 627,000,000 | 797,000,000 | 650,000,000 | 652,000,000 | 1,087,000,000 | 1,021,000,000 | 946,000,000 | 879,000,000 | 844,000,000 | 751,000,000 | 638,000,000 | 596,000,000 | 717,000,000 | 824,000,000 | 840,000,000 | 777,000,000 | 810,000,000 | 721,000,000 | 542,000,000 | 512,000,000 | 588,000,000 | 453,000,000 | 359,000,000 | 388,000,000 | 314,000,000 | 191,000,000 | 296,000,000 | 260,000,000 | 247,000,000 | 206,000,000 | 73,000,000 | 275,000,000 | 126,000,000 | 236,000,000 | 380,000,000 | 750,000,000 | 977,000,000 | 1,287,000,000 | 1,434,000,000 | 1,531,000,000 | 1,653,000,000 | |
note payable | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 50,000,000 | 50,000,000 | 44,000,000 | 44,000,000 | 49,000,000 | 54,000,000 | 59,000,000 | 59,000,000 | 57,000,000 | 54,000,000 | 123,000,000 | 122,000,000 | 114,000,000 | 38,000,000 | 37,000,000 | 32,000,000 | 32,000,000 | 30,000,000 | 61,000,000 | 24,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 20,000,000 | 28,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 69,000,000 | 69,000,000 | 69,000,000 | 69,000,000 | 69,000,000 | 49,000,000 | 49,000,000 | 49,000,000 |
long-term debt and lease obligations | 859,000,000 | 861,000,000 | 858,000,000 | 859,000,000 | 853,000,000 | 850,000,000 | 849,000,000 | 849,000,000 | 848,000,000 | 849,000,000 | 844,000,000 | 842,000,000 | 845,000,000 | 841,000,000 | 843,000,000 | 841,000,000 | 841,000,000 | 843,000,000 | 845,000,000 | 848,000,000 | 848,000,000 | 845,000,000 | 844,000,000 | 845,000,000 | 846,000,000 | 847,000,000 | 847,000,000 | 845,000,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities | 25,497,000,000 | 25,091,000,000 | 25,161,000,000 | 24,541,000,000 | 23,558,000,000 | 22,566,000,000 | 23,205,000,000 | 22,025,000,000 | 21,073,000,000 | 20,671,000,000 | 20,291,000,000 | 20,322,000,000 | 19,733,000,000 | 19,205,000,000 | 18,768,000,000 | 18,639,000,000 | 18,158,000,000 | 18,282,000,000 | 18,066,000,000 | 17,819,000,000 | 17,175,000,000 | 16,753,000,000 | 16,625,000,000 | 16,192,000,000 | 15,325,000,000 | 15,371,000,000 | 15,206,000,000 | 14,722,000,000 | 14,102,000,000 | 14,146,000,000 | 13,844,000,000 | 13,524,000,000 | 14,069,000,000 | 13,865,000,000 | 13,497,000,000 | 13,334,000,000 | 13,180,000,000 | 12,712,000,000 | 12,461,000,000 | 12,401,000,000 | 12,391,000,000 | 12,289,000,000 | 12,180,000,000 | 12,098,000,000 | 11,992,000,000 | 11,774,000,000 | 11,523,000,000 | 11,335,000,000 | 11,252,000,000 | 11,120,000,000 | 10,945,000,000 | 10,815,000,000 | 10,613,000,000 | 10,626,000,000 | 10,251,000,000 | 10,063,000,000 | 10,060,000,000 | 9,751,000,000 | 9,600,000,000 | 9,378,000,000 | 9,227,000,000 | 9,187,000,000 | 9,616,000,000 | 10,104,000,000 | 10,496,000,000 | 10,708,000,000 | 11,084,000,000 | 11,438,000,000 | 11,513,000,000 | 10,414,000,000 |
commitments and contingent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 397,000,000 | 396,000,000 | 396,000,000 | 395,000,000 | 394,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 393,000,000 | 392,000,000 | 392,000,000 | 392,000,000 | 391,000,000 |
paid-in capital | 1,561,000,000 | 1,561,000,000 | 1,543,000,000 | 1,528,000,000 | 1,511,000,000 | 1,502,000,000 | 1,482,000,000 | 1,466,000,000 | 1,446,000,000 | 1,437,000,000 | 1,422,000,000 | 1,410,000,000 | 1,398,000,000 | 1,392,000,000 | 1,379,000,000 | 1,367,000,000 | 1,354,000,000 | 1,356,000,000 | 1,344,000,000 | 1,334,000,000 | 1,322,000,000 | 1,328,000,000 | 1,318,000,000 | 1,309,000,000 | 1,300,000,000 | 1,295,000,000 | 1,286,000,000 | 1,277,000,000 | 1,281,000,000 | 1,273,000,000 | 1,266,000,000 | 1,258,000,000 | 1,256,000,000 | 1,249,000,000 | 1,243,000,000 | 1,244,000,000 | 1,237,000,000 | 1,230,000,000 | 1,232,000,000 | 1,223,000,000 | 1,216,000,000 | 1,210,000,000 | 1,214,000,000 | 1,205,000,000 | 1,198,000,000 | 1,191,000,000 | 1,177,000,000 | 1,162,000,000 | 1,146,000,000 | 1,119,000,000 | 1,106,000,000 | 1,100,000,000 | 1,096,000,000 | 1,098,000,000 | 1,090,000,000 | 1,091,000,000 | 1,087,000,000 | 1,081,000,000 | 1,078,000,000 | 1,075,000,000 | 1,072,000,000 | 1,069,000,000 | 1,063,000,000 | 1,059,000,000 | 1,055,000,000 | 1,049,000,000 | 1,041,000,000 | 1,035,000,000 | 1,027,000,000 | 1,015,000,000 |
retained earnings | 16,848,000,000 | 16,719,000,000 | 16,179,000,000 | 15,193,000,000 | 14,644,000,000 | 14,869,000,000 | 14,591,000,000 | 13,897,000,000 | 13,712,000,000 | 13,084,000,000 | 12,018,000,000 | 12,235,000,000 | 11,818,000,000 | 11,702,000,000 | 10,797,000,000 | 11,324,000,000 | 12,241,000,000 | 12,625,000,000 | 11,257,000,000 | 11,205,000,000 | 10,603,000,000 | 10,085,000,000 | 9,132,000,000 | 8,745,000,000 | 7,932,000,000 | 8,722,000,000 | 8,566,000,000 | 8,229,000,000 | 7,625,000,000 | 8,164,000,000 | 7,696,000,000 | 7,565,000,000 | 5,193,000,000 | 5,174,000,000 | 5,156,000,000 | 5,016,000,000 | 4,915,000,000 | 4,871,000,000 | 4,762,000,000 | 4,756,000,000 | 4,658,000,000 | 4,557,000,000 | 4,505,000,000 | 4,409,000,000 | 4,299,000,000 | 4,287,000,000 | 4,214,000,000 | 4,152,000,000 | 4,109,000,000 | 3,896,000,000 | 3,851,000,000 | 3,884,000,000 | 3,885,000,000 | 3,816,000,000 | 3,977,000,000 | 3,980,000,000 | 3,919,000,000 | 3,865,000,000 | 3,681,000,000 | 3,575,000,000 | 3,551,000,000 | 3,579,000,000 | 3,482,000,000 | 3,298,000,000 | 3,298,000,000 | 3,404,000,000 | 3,277,000,000 | 3,213,000,000 | 2,923,000,000 | 2,786,000,000 |
accumulated other comprehensive loss | -185,000,000 | -34,000,000 | -84,000,000 | -249,000,000 | -271,000,000 | -309,000,000 | -150,000,000 | -470,000,000 | -442,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -2,907,000,000 | -2,732,000,000 | -2,629,000,000 | -2,568,000,000 | -2,563,000,000 | -2,524,000,000 | -2,516,000,000 | -2,513,000,000 | -2,459,000,000 | -2,385,000,000 | -2,386,000,000 | -2,386,000,000 | -2,345,000,000 | -2,324,000,000 | -2,314,000,000 | -2,112,000,000 | -1,959,000,000 | -1,921,000,000 | -1,820,000,000 | -1,809,000,000 | -1,809,000,000 | -1,790,000,000 | -1,788,000,000 | -1,790,000,000 | -1,791,000,000 | -1,485,000,000 | -1,482,000,000 | -1,483,000,000 | -1,492,000,000 | -1,496,000,000 | -1,498,000,000 | -1,389,000,000 | -1,370,000,000 | -1,372,000,000 | -1,320,000,000 | -1,288,000,000 | -1,292,000,000 | -1,294,000,000 | -1,308,000,000 | -1,306,000,000 | -1,288,000,000 | -1,272,000,000 | -1,287,000,000 | -1,293,000,000 | -1,283,000,000 | -1,285,000,000 | -1,238,000,000 | -1,232,000,000 | -1,227,000,000 | -1,221,000,000 | -1,216,000,000 | -1,217,000,000 | -1,220,000,000 | -1,224,000,000 | -1,197,000,000 | -1,201,000,000 | -1,203,000,000 | -1,196,000,000 | -1,201,000,000 | -1,203,000,000 | -1,204,000,000 | -1,206,000,000 | -1,207,000,000 | -1,206,000,000 | -1,177,000,000 | -1,068,000,000 | -907,000,000 | -827,000,000 | -827,000,000 | -763,000,000 |
total shareholders' equity | 15,714,000,000 | 15,911,000,000 | 15,406,000,000 | 14,301,000,000 | 13,718,000,000 | 13,935,000,000 | 13,804,000,000 | 12,777,000,000 | 12,654,000,000 | 12,098,000,000 | 10,624,000,000 | 11,030,000,000 | 10,741,000,000 | 10,531,000,000 | 9,431,000,000 | 10,553,000,000 | 12,092,000,000 | 13,105,000,000 | 11,841,000,000 | 11,858,000,000 | 11,138,000,000 | 10,789,000,000 | 9,745,000,000 | 9,258,000,000 | 8,042,000,000 | 9,371,000,000 | 9,131,000,000 | 8,630,000,000 | 7,833,000,000 | 8,334,000,000 | 7,916,000,000 | 7,946,000,000 | 7,523,000,000 | 7,373,000,000 | 7,256,000,000 | 7,121,000,000 | 6,971,000,000 | 6,735,000,000 | 6,427,000,000 | 6,350,000,000 | 6,497,000,000 | 6,608,000,000 | 6,573,000,000 | 6,376,000,000 | 6,343,000,000 | 6,168,000,000 | 5,816,000,000 | 5,699,000,000 | 5,785,000,000 | 5,359,000,000 | 5,144,000,000 | 5,207,000,000 | 5,055,000,000 | 4,786,000,000 | 5,118,000,000 | 5,032,000,000 | 5,010,000,000 | 4,865,000,000 | ||||||||||||
total liabilities and shareholders' equity | 41,211,000,000 | 41,002,000,000 | 40,567,000,000 | 38,842,000,000 | 37,276,000,000 | 36,501,000,000 | 37,009,000,000 | 34,802,000,000 | 33,727,000,000 | 32,769,000,000 | 30,915,000,000 | 31,352,000,000 | 30,474,000,000 | 29,736,000,000 | 28,199,000,000 | 29,192,000,000 | 30,250,000,000 | 31,387,000,000 | 29,907,000,000 | 29,677,000,000 | 28,313,000,000 | 27,542,000,000 | 26,370,000,000 | 25,450,000,000 | 23,367,000,000 | 24,742,000,000 | 24,337,000,000 | 23,352,000,000 | 21,935,000,000 | 22,480,000,000 | 21,760,000,000 | 21,470,000,000 | 21,592,000,000 | 21,238,000,000 | 20,753,000,000 | 20,455,000,000 | 20,151,000,000 | 19,447,000,000 | 18,888,000,000 | 18,751,000,000 | 18,888,000,000 | 18,897,000,000 | 18,753,000,000 | 18,474,000,000 | 18,335,000,000 | 17,942,000,000 | 17,339,000,000 | 17,034,000,000 | 17,037,000,000 | 16,479,000,000 | 16,089,000,000 | 16,022,000,000 | 15,668,000,000 | 15,412,000,000 | 15,369,000,000 | 15,095,000,000 | 15,070,000,000 | 14,616,000,000 | ||||||||||||
accumulated other comprehensive income | -435,000,000 | -827,000,000 | -626,000,000 | -527,000,000 | -636,000,000 | -828,000,000 | -423,000,000 | 59,000,000 | 648,000,000 | 663,000,000 | 731,000,000 | 625,000,000 | 769,000,000 | 686,000,000 | 597,000,000 | 204,000,000 | 442,000,000 | 364,000,000 | 210,000,000 | 22,000,000 | -4,000,000 | 55,000,000 | 115,000,000 | 2,047,000,000 | 1,925,000,000 | 1,780,000,000 | 1,752,000,000 | 1,714,000,000 | 1,531,000,000 | 1,344,000,000 | 1,280,000,000 | 1,514,000,000 | 1,716,000,000 | 1,744,000,000 | 1,658,000,000 | 1,732,000,000 | 1,578,000,000 | 1,267,000,000 | 1,221,000,000 | 1,362,000,000 | 1,171,000,000 | 1,010,000,000 | 1,047,000,000 | 901,000,000 | 703,000,000 | 855,000,000 | 769,000,000 | 814,000,000 | 722,000,000 | 675,000,000 | 304,000,000 | 69,000,000 | 347,000,000 | 956,000,000 | 1,163,000,000 | 1,880,000,000 | 2,151,000,000 | 2,735,000,000 | 3,013,000,000 | 3,193,000,000 | 3,379,000,000 | |||||||||
long-term debt and capital lease obligations | 834,000,000 | 830,000,000 | 828,000,000 | 829,000,000 | 826,000,000 | 826,000,000 | 825,000,000 | 827,000,000 | 825,000,000 | 825,000,000 | 821,000,000 | 826,000,000 | 823,000,000 | 825,000,000 | 827,000,000 | 829,000,000 | 831,000,000 | 834,000,000 | 832,000,000 | 833,000,000 | 831,000,000 | 828,000,000 | 831,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivable | 575,000,000 | 602,000,000 | 622,000,000 | 714,000,000 | 573,000,000 | 572,000,000 | 554,000,000 | 570,000,000 | 707,000,000 | 730,000,000 | 735,000,000 | 759,000,000 | 846,000,000 | 777,000,000 | 757,000,000 | 754,000,000 | 745,000,000 | 751,000,000 | 727,000,000 | 683,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease obligation | 833,000,000 | 821,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
life policy reserves | 2,214,000,000 | 2,179,000,000 | 2,106,000,000 | 2,034,000,000 | 1,968,000,000 | 1,862,000,000 | 1,698,000,000 | 1,614,000,000 | 1,573,000,000 | 1,551,000,000 | 1,553,000,000 | 1,523,000,000 | 1,505,000,000 | 1,478,000,000 | 1,459,000,000 | 1,446,000,000 | 1,427,000,000 | 1,409,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 790,000,000 | 790,000,000 | 790,000,000 | 790,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% senior notes due 2034 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | 371,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.9% senior debentures due 2028 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.92% senior debentures due 2028 | 391,000,000 | 391,000,000 | 391,000,000 | 391,000,000 | 392,000,000 | 392,000,000 | 392,000,000 | 392,000,000 | 392,000,000 | 392,000,000 | 392,000,000 | 392,000,000 | 392,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accompanying notes are an integral part of these condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 4,626,000,000 | 4,144,000,000 | 3,881,000,000 | 4,182,000,000 | 4,687,000,000 | 4,707,000,000 | 5,449,000,000 | 5,929,000,000 | 6,538,000,000 | 6,826,000,000 | 6,708,000,000 | 6,808,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 14,226,000,000 | 13,522,000,000 | 13,108,000,000 | 13,369,000,000 | 14,303,000,000 | 14,811,000,000 | 15,945,000,000 | 16,637,000,000 | 17,622,000,000 | 18,264,000,000 | 18,221,000,000 | 17,222,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities lending collateral invested | 510,000,000 | 619,000,000 | 760,000,000 | 768,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land, building and equipment, net, for company use (accumulated depreciation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2008—297; 2007—276) | 236,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities lending payable | 529,000,000 | 635,000,000 | 760,000,000 | 768,000,000 | 976,000,000 | 984,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2008—284; 2007—276) | 242,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities lending collateral | 976,000,000 | 984,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2007—268; 2006—261) | 204,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2006—261; 2005—232) | 193,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-03-31 | 2010-12-31 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 274,000,000 | 676,000,000 | 1,122,000,000 | 685,000,000 | -90,000,000 | 405,000,000 | 820,000,000 | 312,000,000 | 755,000,000 | 1,183,000,000 | -99,000,000 | 534,000,000 | 225,000,000 | 1,013,000,000 | -418,000,000 | -808,000,000 | -273,000,000 | 1,470,000,000 | 153,000,000 | 703,000,000 | 620,000,000 | 1,049,000,000 | 484,000,000 | 909,000,000 | -1,226,000,000 | 248,000,000 | 428,000,000 | 695,000,000 | -452,000,000 | 553,000,000 | 217,000,000 | -31,000,000 | 102,000,000 | 100,000,000 | 201,000,000 | 180,000,000 | 123,000,000 | 188,000,000 | 156,000,000 | 174,000,000 | 176,000,000 | 128,000,000 | 167,000,000 | 154,000,000 | 111,000,000 | 32,000,000 | 86,000,000 | 134,000,000 | 62,000,000 | 126,000,000 | 68,000,000 | 170,000,000 | -18,000,000 | 35,000,000 | 161,000,000 | 247,000,000 | 63,000,000 | -42,000,000 | 186,000,000 | 124,000,000 | 351,000,000 | 194,000,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, amortization and other | 40,000,000 | 42,000,000 | 33,000,000 | 46,000,000 | 47,000,000 | 15,000,000 | 39,000,000 | 42,000,000 | 34,000,000 | 24,000,000 | 14,000,000 | 34,000,000 | 40,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
investment gains and losses | 75,000,000 | -170,000,000 | -843,000,000 | -466,000,000 | 74,000,000 | 132,000,000 | -755,000,000 | -136,000,000 | -608,000,000 | -1,039,000,000 | 457,000,000 | -433,000,000 | -93,000,000 | -1,020,000,000 | 684,000,000 | 1,155,000,000 | 674,000,000 | -1,420,000,000 | 78,000,000 | -510,000,000 | -501,000,000 | -988,000,000 | -532,000,000 | -1,060,000,000 | 1,729,000,000 | -81,000,000 | -362,000,000 | -660,000,000 | 775,000,000 | -457,000,000 | -101,000,000 | 191,000,000 | ||||||||||||||||||||||||||||||
interest credited to contract holders | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 10,000,000 | 12,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 10,000,000 | 9,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 10,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 7,000,000 | 9,000,000 | 9,000,000 | 13,000,000 | 14,000,000 | 15,000,000 | 13,000,000 | 10,000,000 | 11,000,000 | 9,000,000 | 6,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 11,000,000 | 9,000,000 | 10,000,000 | 6,000,000 | ||||||||||||||||||||||
deferred income tax expense | -82,000,000 | 27,000,000 | 163,000,000 | 89,000,000 | 4,000,000 | -82,000,000 | 49,000,000 | 13,000,000 | 137,000,000 | 221,000,000 | -106,000,000 | 81,000,000 | 27,000,000 | 216,000,000 | -180,000,000 | -263,000,000 | -128,000,000 | 295,000,000 | -24,000,000 | 94,000,000 | 112,000,000 | 201,000,000 | 75,000,000 | 213,000,000 | -353,000,000 | 18,000,000 | 74,000,000 | 144,000,000 | -177,000,000 | 163,000,000 | 14,000,000 | -47,000,000 | 0 | -3,000,000 | 35,000,000 | 13,000,000 | -5,000,000 | 12,000,000 | 9,000,000 | 5,000,000 | 16,000,000 | 9,000,000 | -10,000,000 | 38,000,000 | 2,000,000 | |||||||||||||||||
changes in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance receivable | -175,000,000 | 218,000,000 | 213,000,000 | -235,000,000 | -502,000,000 | 90,000,000 | 108,000,000 | -261,000,000 | -203,000,000 | 128,000,000 | 112,000,000 | -275,000,000 | -229,000,000 | 14,000,000 | 73,000,000 | -245,000,000 | -182,000,000 | 40,000,000 | 85,000,000 | -199,000,000 | -166,000,000 | 70,000,000 | 139,000,000 | -146,000,000 | -86,000,000 | 75,000,000 | -136,000,000 | -95,000,000 | 5,000,000 | 15,000,000 | -103,000,000 | -26,000,000 | 25,000,000 | -47,000,000 | -44,000,000 | 21,000,000 | -109,000,000 | -23,000,000 | 48,000,000 | -3,000,000 | -71,000,000 | -22,000,000 | -82,000,000 | -53,000,000 | 103,000,000 | -46,000,000 | -1,000,000 | 69,000,000 | 52,000,000 | 15,000,000 | -2,000,000 | 131,000,000 | -22,000,000 | -57,000,000 | -9,000,000 | 44,000,000 | 62,000,000 | -68,000,000 | -88,000,000 | |||
deferred policy acquisition costs | -40,000,000 | 16,000,000 | 7,000,000 | -70,000,000 | -55,000,000 | -1,000,000 | -12,000,000 | -86,000,000 | -50,000,000 | 8,000,000 | 8,000,000 | -60,000,000 | -36,000,000 | 22,000,000 | 12,000,000 | -62,000,000 | -68,000,000 | 11,000,000 | 10,000,000 | -45,000,000 | -49,000,000 | 7,000,000 | 13,000,000 | -28,000,000 | -31,000,000 | -1,000,000 | -44,000,000 | -24,000,000 | 5,000,000 | -12,000,000 | -31,000,000 | -10,000,000 | 1,000,000 | -20,000,000 | -25,000,000 | -5,000,000 | -17,000,000 | -9,000,000 | 2,000,000 | -5,000,000 | -17,000,000 | 2,000,000 | 12,000,000 | -19,000,000 | -11,000,000 | 0 | -15,000,000 | -4,000,000 | -10,000,000 | -8,000,000 | -1,000,000 | -7,000,000 | 1,000,000 | -1,000,000 | -11,000,000 | -6,000,000 | 9,000,000 | 6,000,000 | -7,000,000 | -16,000,000 | ||
other assets | -13,000,000 | -16,000,000 | 8,000,000 | -43,000,000 | -22,000,000 | -6,000,000 | 8,000,000 | -8,000,000 | -8,000,000 | 0 | -13,000,000 | 7,000,000 | -24,000,000 | 34,000,000 | 23,000,000 | -9,000,000 | -20,000,000 | 1,000,000 | 11,000,000 | 10,000,000 | -33,000,000 | -1,000,000 | 0 | -14,000,000 | -11,000,000 | 11,000,000 | -22,000,000 | -25,000,000 | 21,000,000 | -8,000,000 | -6,000,000 | -8,000,000 | 3,000,000 | -32,000,000 | -5,000,000 | 7,000,000 | -27,000,000 | -12,000,000 | -10,000,000 | 4,000,000 | -2,000,000 | 7,000,000 | 3,000,000 | -5,000,000 | 5,000,000 | -4,000,000 | -1,000,000 | 1,000,000 | -4,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | -3,000,000 | -5,000,000 | |||||||
loss and loss expense reserves | 452,000,000 | 247,000,000 | 188,000,000 | 292,000,000 | 777,000,000 | 75,000,000 | 373,000,000 | 309,000,000 | 196,000,000 | -27,000,000 | 204,000,000 | 180,000,000 | 293,000,000 | 287,000,000 | 444,000,000 | 303,000,000 | 61,000,000 | 13,000,000 | 273,000,000 | 69,000,000 | 204,000,000 | -1,000,000 | 284,000,000 | 257,000,000 | 59,000,000 | 47,000,000 | 65,000,000 | -40,000,000 | 129,000,000 | 110,000,000 | 123,000,000 | 72,000,000 | 69,000,000 | 104,000,000 | 92,000,000 | 21,000,000 | 166,000,000 | 86,000,000 | 18,000,000 | 9,000,000 | 68,000,000 | 138,000,000 | 50,000,000 | 10,000,000 | -52,000,000 | 49,000,000 | 8,000,000 | -182,000,000 | 39,000,000 | -25,000,000 | -23,000,000 | -38,000,000 | 140,000,000 | 7,000,000 | -80,000,000 | 30,000,000 | 117,000,000 | 52,000,000 | -64,000,000 | 78,000,000 | 25,000,000 | 32,000,000 |
life policy and investment contract reserves | 18,000,000 | 21,000,000 | 26,000,000 | 3,000,000 | 5,000,000 | 15,000,000 | 20,000,000 | 8,000,000 | 26,000,000 | 26,000,000 | 17,000,000 | 31,000,000 | 25,000,000 | 25,000,000 | 17,000,000 | 18,000,000 | 17,000,000 | 23,000,000 | 21,000,000 | 40,000,000 | 15,000,000 | 22,000,000 | 29,000,000 | 38,000,000 | 27,000,000 | 27,000,000 | 30,000,000 | 22,000,000 | 28,000,000 | 21,000,000 | 26,000,000 | 21,000,000 | ||||||||||||||||||||||||||||||
unearned premiums | 170,000,000 | -169,000,000 | -21,000,000 | 376,000,000 | 255,000,000 | -61,000,000 | 48,000,000 | 428,000,000 | 279,000,000 | -76,000,000 | -27,000,000 | 332,000,000 | 201,000,000 | -109,000,000 | -69,000,000 | 307,000,000 | 289,000,000 | -71,000,000 | -75,000,000 | 236,000,000 | 221,000,000 | -64,000,000 | -83,000,000 | 185,000,000 | 134,000,000 | -37,000,000 | 179,000,000 | 113,000,000 | -75,000,000 | 13,000,000 | 119,000,000 | 55,000,000 | 14,000,000 | 84,000,000 | 70,000,000 | 39,000,000 | 101,000,000 | 47,000,000 | -14,000,000 | 24,000,000 | 82,000,000 | 27,000,000 | -46,000,000 | 83,000,000 | 56,000,000 | 82,000,000 | 47,000,000 | -24,000,000 | 33,000,000 | -20,000,000 | 40,000,000 | -8,000,000 | -17,000,000 | 38,000,000 | -39,000,000 | -26,000,000 | 24,000,000 | 21,000,000 | -55,000,000 | -43,000,000 | 22,000,000 | 61,000,000 |
other liabilities | -187,000,000 | 41,000,000 | 97,000,000 | 81,000,000 | -135,000,000 | 79,000,000 | 89,000,000 | 127,000,000 | -161,000,000 | 82,000,000 | 35,000,000 | 94,000,000 | -121,000,000 | 85,000,000 | 34,000,000 | 105,000,000 | -136,000,000 | 33,000,000 | 72,000,000 | 103,000,000 | -80,000,000 | 29,000,000 | 17,000,000 | 72,000,000 | -123,000,000 | 47,000,000 | 85,000,000 | -93,000,000 | 48,000,000 | 52,000,000 | -137,000,000 | 36,000,000 | 57,000,000 | -139,000,000 | 56,000,000 | -98,000,000 | 55,000,000 | 57,000,000 | 32,000,000 | -100,000,000 | 19,000,000 | -88,000,000 | 26,000,000 | 0 | -70,000,000 | 9,000,000 | -29,000,000 | -4,000,000 | 14,000,000 | -23,000,000 | 5,000,000 | 21,000,000 | 11,000,000 | -62,000,000 | 36,000,000 | 9,000,000 | 31,000,000 | -12,000,000 | ||||
current income tax receivable/payable | 113,000,000 | 3,000,000 | 110,000,000 | -28,000,000 | -59,000,000 | -29,000,000 | 113,000,000 | -17,000,000 | -55,000,000 | 35,000,000 | 36,000,000 | 39,000,000 | -68,000,000 | 30,000,000 | 11,000,000 | 4,000,000 | -85,000,000 | 26,000,000 | -40,000,000 | 23,000,000 | -34,000,000 | 17,000,000 | 41,000,000 | -11,000,000 | -3,000,000 | 10,000,000 | -53,000,000 | 120,000,000 | 31,000,000 | -121,000,000 | -27,000,000 | 26,000,000 | 5,000,000 | 7,000,000 | 40,000,000 | 16,000,000 | -64,000,000 | 65,000,000 | -16,000,000 | -32,000,000 | -2,000,000 | 32,000,000 | -50,000,000 | -3,000,000 | 44,000,000 | -13,000,000 | 20,000,000 | 37,000,000 | 23,000,000 | -45,000,000 | -51,000,000 | 85,000,000 | -84,000,000 | -52,000,000 | ||||||||
net cash from operating activities | 656,000,000 | 947,000,000 | 1,114,000,000 | 741,000,000 | 310,000,000 | 642,000,000 | 912,000,000 | 742,000,000 | 353,000,000 | 577,000,000 | 650,000,000 | 575,000,000 | 250,000,000 | 631,000,000 | 666,000,000 | 557,000,000 | 198,000,000 | 463,000,000 | 601,000,000 | 563,000,000 | 354,000,000 | 372,000,000 | 505,000,000 | 447,000,000 | 167,000,000 | 404,000,000 | 276,000,000 | 200,000,000 | 355,000,000 | 362,000,000 | 310,000,000 | 154,000,000 | 301,000,000 | 309,000,000 | 136,000,000 | 334,000,000 | 233,000,000 | 257,000,000 | 309,000,000 | 285,000,000 | 255,000,000 | 215,000,000 | 240,000,000 | 57,000,000 | 168,000,000 | 117,000,000 | 148,000,000 | 99,000,000 | 57,000,000 | 114,000,000 | 110,000,000 | 205,000,000 | 117,000,000 | 40,000,000 | 2,000,000 | 148,000,000 | 156,000,000 | 178,000,000 | 185,000,000 | 185,000,000 | 117,000,000 | 218,000,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 656,000,000 | 947,000,000 | 1,114,000,000 | 741,000,000 | 310,000,000 | 642,000,000 | 912,000,000 | 742,000,000 | 353,000,000 | 577,000,000 | 650,000,000 | 575,000,000 | 250,000,000 | 631,000,000 | 666,000,000 | 557,000,000 | 198,000,000 | 463,000,000 | 601,000,000 | 563,000,000 | 354,000,000 | 372,000,000 | 505,000,000 | 447,000,000 | 167,000,000 | 404,000,000 | 276,000,000 | 200,000,000 | 355,000,000 | 362,000,000 | 310,000,000 | 154,000,000 | 301,000,000 | 309,000,000 | 136,000,000 | 334,000,000 | 233,000,000 | 257,000,000 | 309,000,000 | 285,000,000 | 255,000,000 | 215,000,000 | 240,000,000 | 57,000,000 | 168,000,000 | 117,000,000 | 148,000,000 | 99,000,000 | 57,000,000 | 114,000,000 | 110,000,000 | 205,000,000 | 117,000,000 | 40,000,000 | 2,000,000 | 148,000,000 | 156,000,000 | 178,000,000 | 185,000,000 | 185,000,000 | 117,000,000 | 218,000,000 |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale, call or maturity of fixed maturities | 1,005,000,000 | 1,175,000,000 | 1,254,000,000 | 851,000,000 | 497,000,000 | 848,000,000 | 1,502,000,000 | 388,000,000 | 464,000,000 | 310,000,000 | 245,000,000 | 278,000,000 | 303,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
sale of equity securities | 454,000,000 | 134,000,000 | 167,000,000 | 17,000,000 | 17,000,000 | 267,000,000 | 985,000,000 | 81,000,000 | 266,000,000 | 138,000,000 | 64,000,000 | 0 | 4,000,000 | 97,000,000 | 155,000,000 | 122,000,000 | 56,000,000 | 13,000,000 | 13,000,000 | 45,000,000 | 65,000,000 | 44,000,000 | 249,000,000 | 215,000,000 | 7,000,000 | 52,000,000 | 111,000,000 | 31,000,000 | 110,000,000 | 159,000,000 | 30,000,000 | 104,000,000 | 2,000,000 | 72,000,000 | 216,000,000 | 103,000,000 | 76,000,000 | 132,000,000 | 101,000,000 | 20,000,000 | 154,000,000 | 67,000,000 | 110,000,000 | 98,000,000 | 41,000,000 | 25,000,000 | 99,000,000 | 129,000,000 | 133,000,000 | 145,000,000 | 31,000,000 | 250,000,000 | 232,000,000 | 423,000,000 | 1,016,000,000 | 598,000,000 | 301,000,000 | 137,000,000 | 210,000,000 | 37,000,000 | 472,000,000 | 93,000,000 |
purchase of fixed maturities | -1,629,000,000 | -1,842,000,000 | -1,486,000,000 | -1,343,000,000 | -717,000,000 | -1,935,000,000 | -2,174,000,000 | -785,000,000 | -838,000,000 | -701,000,000 | -540,000,000 | -707,000,000 | -606,000,000 | -456,000,000 | -503,000,000 | -482,000,000 | -460,000,000 | -557,000,000 | -603,000,000 | -761,000,000 | -467,000,000 | -290,000,000 | -335,000,000 | -421,000,000 | -336,000,000 | -580,000,000 | -476,000,000 | -289,000,000 | -260,000,000 | -345,000,000 | -467,000,000 | -438,000,000 | -353,000,000 | -399,000,000 | -403,000,000 | -490,000,000 | -479,000,000 | -496,000,000 | -325,000,000 | -392,000,000 | -657,000,000 | -348,000,000 | -338,000,000 | -325,000,000 | -311,000,000 | -153,000,000 | -269,000,000 | -338,000,000 | -431,000,000 | -221,000,000 | -675,000,000 | -873,000,000 | -349,000,000 | -220,000,000 | -426,000,000 | -700,000,000 | -132,000,000 | -300,000,000 | -264,000,000 | -228,000,000 | ||
purchase of equity securities | -400,000,000 | -90,000,000 | -224,000,000 | -73,000,000 | -22,000,000 | -39,000,000 | -26,000,000 | -30,000,000 | -226,000,000 | -63,000,000 | -60,000,000 | -75,000,000 | -22,000,000 | -86,000,000 | -162,000,000 | -128,000,000 | -90,000,000 | -37,000,000 | -124,000,000 | -74,000,000 | -78,000,000 | -59,000,000 | -269,000,000 | -239,000,000 | -132,000,000 | -129,000,000 | -186,000,000 | -26,000,000 | -130,000,000 | -162,000,000 | -39,000,000 | -110,000,000 | -47,000,000 | -39,000,000 | -313,000,000 | -36,000,000 | -231,000,000 | -129,000,000 | -114,000,000 | -150,000,000 | -162,000,000 | -67,000,000 | -98,000,000 | -108,000,000 | -115,000,000 | -158,000,000 | -66,000,000 | -120,000,000 | -88,000,000 | -139,000,000 | -172,000,000 | -345,000,000 | -180,000,000 | -346,000,000 | -122,000,000 | -123,000,000 | -143,000,000 | -76,000,000 | -330,000,000 | -220,000,000 | ||
change in short-term investments | 101,000,000 | 2,000,000 | -47,000,000 | 1,000,000 | 200,000,000 | 0 | 6,000,000 | 0 | 1,000,000 | 71,000,000 | 130,000,000 | -211,000,000 | 50,000,000 | 51,000,000 | -65,000,000 | 65,000,000 | -82,000,000 | 77,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
changes in finance receivables | 3,000,000 | 0 | -27,000,000 | 0 | -3,000,000 | -5,000,000 | -6,000,000 | -6,000,000 | 2,000,000 | -5,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
investment in building and equipment | -2,000,000 | -5,000,000 | -4,000,000 | -3,000,000 | -6,000,000 | -5,000,000 | -7,000,000 | -2,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -3,000,000 | -4,000,000 | -5,000,000 | -6,000,000 | -6,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||
change in other invested assets | -25,000,000 | -45,000,000 | -35,000,000 | -5,000,000 | -27,000,000 | -44,000,000 | -24,000,000 | -28,000,000 | -16,000,000 | -41,000,000 | -21,000,000 | -47,000,000 | -34,000,000 | -36,000,000 | -18,000,000 | -26,000,000 | -21,000,000 | 94,000,000 | -24,000,000 | -12,000,000 | 6,000,000 | -66,000,000 | -16,000,000 | 46,000,000 | -14,000,000 | -15,000,000 | -5,000,000 | -36,000,000 | -21,000,000 | -6,000,000 | -6,000,000 | -5,000,000 | -5,000,000 | -1,000,000 | -6,000,000 | 0 | -17,000,000 | 4,000,000 | 2,000,000 | -2,000,000 | 0 | 1,000,000 | 2,000,000 | 2,000,000 | -1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | -4,000,000 | 0 | -3,000,000 | -3,000,000 | -6,000,000 | -2,000,000 | 4,000,000 | 1,000,000 | -4,000,000 | ||||
net cash from investing activities | -493,000,000 | -674,000,000 | -403,000,000 | -556,000,000 | -58,000,000 | -1,207,000,000 | 251,000,000 | -385,000,000 | -355,000,000 | -370,000,000 | -318,000,000 | -558,000,000 | -362,000,000 | -287,000,000 | -322,000,000 | -162,000,000 | -162,000,000 | -166,000,000 | -365,000,000 | -373,000,000 | -153,000,000 | -148,000,000 | -170,000,000 | -106,000,000 | -136,000,000 | -310,000,000 | -160,000,000 | -56,000,000 | -71,000,000 | -115,000,000 | -211,000,000 | -54,000,000 | -126,000,000 | -87,000,000 | -246,000,000 | -79,000,000 | -199,000,000 | -108,000,000 | -4,000,000 | -231,000,000 | -301,000,000 | -88,000,000 | 20,000,000 | -102,000,000 | 47,000,000 | 63,000,000 | -30,000,000 | -127,000,000 | -239,000,000 | 1,000,000 | -327,000,000 | -458,000,000 | 752,000,000 | 473,000,000 | 163,000,000 | 121,000,000 | 105,000,000 | 224,000,000 | -92,000,000 | -1,099,000,000 | ||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of cash dividends to shareholders | -133,000,000 | -133,000,000 | -134,000,000 | -133,000,000 | -125,000,000 | -125,000,000 | -124,000,000 | -125,000,000 | -116,000,000 | -116,000,000 | -115,000,000 | -117,000,000 | -106,000,000 | -107,000,000 | -108,000,000 | -109,000,000 | -99,000,000 | -100,000,000 | -100,000,000 | -100,000,000 | -95,000,000 | -95,000,000 | -95,000,000 | -95,000,000 | -90,000,000 | -90,000,000 | -90,000,000 | -85,000,000 | -85,000,000 | -85,000,000 | -86,000,000 | -80,000,000 | -81,000,000 | -81,000,000 | -77,000,000 | -78,000,000 | -77,000,000 | -74,000,000 | -148,000,000 | -73,000,000 | -74,000,000 | -71,000,000 | -70,000,000 | -65,000,000 | -63,000,000 | -64,000,000 | -64,000,000 | -63,000,000 | -63,000,000 | -62,000,000 | -61,000,000 | -63,000,000 | -64,000,000 | -63,000,000 | -64,000,000 | -59,000,000 | -60,000,000 | -61,000,000 | -61,000,000 | -58,000,000 | ||
shares acquired - share repurchase authorization | -179,000,000 | -103,000,000 | -60,000,000 | 0 | -42,000,000 | -5,000,000 | 0 | -46,000,000 | -75,000,000 | 0 | -1,000,000 | -41,000,000 | -25,000,000 | -11,000,000 | -203,000,000 | -151,000,000 | -45,000,000 | -104,000,000 | -12,000,000 | 0 | -28,000,000 | -5,000,000 | 0 | 0 | -256,000,000 | 0 | 0 | -110,000,000 | -15,000,000 | 0 | -55,000,000 | -15,000,000 | 0 | |||||||||||||||||||||||||||||
proceeds from stock options exercised | 5,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 1,000,000 | 0 | 4,000,000 | 2,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 6,000,000 | 4,000,000 | 4,000,000 | 9,000,000 | 10,000,000 | 3,000,000 | 4,000,000 | 7,000,000 | 8,000,000 | 6,000,000 | 3,000,000 | 2,000,000 | 1,000,000 | 0 | 1,000,000 | 1,000,000 | 2,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 7,000,000 | |||||||
contract holders' funds deposited | 16,000,000 | 19,000,000 | 16,000,000 | 17,000,000 | 14,000,000 | 15,000,000 | 19,000,000 | 20,000,000 | 19,000,000 | 16,000,000 | 22,000,000 | 25,000,000 | 20,000,000 | 16,000,000 | 20,000,000 | 16,000,000 | 18,000,000 | 21,000,000 | 17,000,000 | 20,000,000 | 27,000,000 | 21,000,000 | 20,000,000 | 23,000,000 | 21,000,000 | 23,000,000 | 25,000,000 | 19,000,000 | 22,000,000 | 19,000,000 | 22,000,000 | 21,000,000 | 18,000,000 | 19,000,000 | 23,000,000 | 21,000,000 | 24,000,000 | 26,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 20,000,000 | 20,000,000 | 24,000,000 | 23,000,000 | 25,000,000 | 31,000,000 | 91,000,000 | 53,000,000 | 40,000,000 | ||||||||||||
contract holders' funds withdrawn | -39,000,000 | -45,000,000 | -41,000,000 | -40,000,000 | -40,000,000 | -38,000,000 | -47,000,000 | -45,000,000 | -60,000,000 | -53,000,000 | -52,000,000 | -55,000,000 | -58,000,000 | -46,000,000 | -36,000,000 | -30,000,000 | -32,000,000 | -42,000,000 | -29,000,000 | -42,000,000 | -33,000,000 | -36,000,000 | -40,000,000 | -43,000,000 | -40,000,000 | -40,000,000 | -49,000,000 | -44,000,000 | -50,000,000 | -45,000,000 | -42,000,000 | -46,000,000 | -36,000,000 | -40,000,000 | -43,000,000 | -41,000,000 | -38,000,000 | -39,000,000 | -47,000,000 | -34,000,000 | -34,000,000 | -33,000,000 | -35,000,000 | -31,000,000 | -21,000,000 | -57,000,000 | -22,000,000 | -21,000,000 | ||||||||||||||
other | -54,000,000 | -42,000,000 | -29,000,000 | -46,000,000 | -36,000,000 | -54,000,000 | -33,000,000 | -10,000,000 | -57,000,000 | -48,000,000 | -36,000,000 | -12,000,000 | -33,000,000 | -23,000,000 | -34,000,000 | -7,000,000 | -29,000,000 | -16,000,000 | -32,000,000 | -18,000,000 | -32,000,000 | -56,000,000 | -14,000,000 | -14,000,000 | -26,000,000 | -1,000,000 | -10,000,000 | -19,000,000 | -7,000,000 | -12,000,000 | -4,000,000 | -37,000,000 | -10,000,000 | -4,000,000 | -15,000,000 | -2,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -5,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -4,000,000 | -2,000,000 | -2,000,000 | -1,000,000 | -3,000,000 | 0 | -3,000,000 | 0 | -1,000,000 | -3,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | ||
net cash from financing activities | -384,000,000 | -302,000,000 | -246,000,000 | -200,000,000 | -225,000,000 | -204,000,000 | -182,000,000 | -205,000,000 | -286,000,000 | -199,000,000 | -181,000,000 | -224,000,000 | -197,000,000 | -163,000,000 | -359,000,000 | -284,000,000 | -188,000,000 | -243,000,000 | -154,000,000 | -134,000,000 | -154,000,000 | -238,000,000 | -127,000,000 | -121,000,000 | -312,000,000 | -110,000,000 | -115,000,000 | -126,000,000 | -116,000,000 | -152,000,000 | -182,000,000 | -153,000,000 | -107,000,000 | -159,000,000 | -124,000,000 | -102,000,000 | -100,000,000 | -80,000,000 | -180,000,000 | -122,000,000 | -107,000,000 | -78,000,000 | -81,000,000 | -62,000,000 | -62,000,000 | -32,000,000 | -33,000,000 | -47,000,000 | -26,000,000 | -12,000,000 | -51,000,000 | -76,000,000 | -92,000,000 | -607,000,000 | -223,000,000 | -288,000,000 | -247,000,000 | -348,000,000 | -100,000,000 | 876,000,000 | ||
net change in cash and cash equivalents | -221,000,000 | -29,000,000 | 465,000,000 | -15,000,000 | 27,000,000 | -769,000,000 | 981,000,000 | 152,000,000 | -288,000,000 | 8,000,000 | 151,000,000 | -207,000,000 | -309,000,000 | 181,000,000 | -15,000,000 | 111,000,000 | -152,000,000 | 54,000,000 | 82,000,000 | 56,000,000 | 47,000,000 | -14,000,000 | 208,000,000 | 220,000,000 | -281,000,000 | -16,000,000 | 1,000,000 | 18,000,000 | 168,000,000 | 95,000,000 | -83,000,000 | -53,000,000 | 68,000,000 | 63,000,000 | -234,000,000 | 153,000,000 | -66,000,000 | 69,000,000 | 125,000,000 | -68,000,000 | -153,000,000 | 49,000,000 | 179,000,000 | -107,000,000 | 153,000,000 | 130,000,000 | -6,000,000 | -60,000,000 | ||||||||||||||
cash and cash equivalents at beginning of year | 1,431,000,000 | 0 | 0 | 0 | 983,000,000 | 0 | 0 | 0 | 907,000,000 | 0 | 0 | 0 | 1,264,000,000 | 0 | 0 | 0 | 1,139,000,000 | 0 | 0 | 0 | 900,000,000 | 0 | 0 | 0 | 767,000,000 | 0 | 0 | 784,000,000 | 0 | 0 | 0 | 657,000,000 | 0 | 0 | 777,000,000 | 0 | 0 | 544,000,000 | 0 | 0 | 0 | 591,000,000 | 0 | 487,000,000 | 0 | 0 | 438,000,000 | 0 | 385,000,000 | 0 | 557,000,000 | 0 | 0 | 1,009,000,000 | 0 | 0 | 0 | 226,000,000 | 0 | 0 | 0 | 202,000,000 |
cash and cash equivalents at end of period | 1,210,000,000 | 465,000,000 | -15,000,000 | 1,010,000,000 | 981,000,000 | 152,000,000 | 619,000,000 | 151,000,000 | -207,000,000 | 955,000,000 | -15,000,000 | 111,000,000 | 987,000,000 | 82,000,000 | 56,000,000 | 947,000,000 | 208,000,000 | 220,000,000 | 486,000,000 | -16,000,000 | 1,000,000 | 802,000,000 | 95,000,000 | -83,000,000 | 604,000,000 | 68,000,000 | 63,000,000 | 543,000,000 | 153,000,000 | -66,000,000 | 613,000,000 | -68,000,000 | -153,000,000 | 640,000,000 | 380,000,000 | 153,000,000 | -161,000,000 | 424,000,000 | 130,000,000 | 379,000,000 | -60,000,000 | 402,000,000 | 194,000,000 | -261,000,000 | 515,000,000 | 662,000,000 | 14,000,000 | 96,000,000 | 237,000,000 | 43,000,000 | 61,000,000 | -75,000,000 | 197,000,000 | |||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 4,000,000 | 121,000,000 | 2,000,000 | 95,000,000 | 2,000,000 | 174,000,000 | 47,000,000 | 68,000,000 | 106,000,000 | 42,000,000 | 15,000,000 | 3,000,000 | 76,000,000 | 21,000,000 | 2,000,000 | 21,000,000 | 121,000,000 | 52,000,000 | 92,000,000 | 47,000,000 | 66,000,000 | 42,000,000 | 11,000,000 | 16,000,000 | 22,000,000 | 21,000,000 | 42,000,000 | 66,000,000 | 96,000,000 | 72,000,000 | 11,000,000 | 102,000,000 | 54,000,000 | -11,000,000 | -2,000,000 | 1,000,000 | 54,000,000 | 67,000,000 | -27,000,000 | 34,000,000 | 50,000,000 | 139,000,000 | 3,000,000 | 53,000,000 | 2,000,000 | 82,000,000 | 121,000,000 | 138,000,000 | 5,000,000 | |||||||||||||
noncash activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equipment acquired under finance lease obligations | 3,000,000 | 8,000,000 | 4,000,000 | 4,000,000 | 8,000,000 | 6,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 10,000,000 | 6,000,000 | 3,000,000 | 1,000,000 | 4,000,000 | 7,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 5,000,000 | 3,000,000 | 6,000,000 | 4,000,000 | 3,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||
share-based compensation | 27,000,000 | 8,000,000 | 3,000,000 | 13,000,000 | 13,000,000 | 10,000,000 | 8,000,000 | 16,000,000 | 17,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 11,000,000 | -2,000,000 | 9,000,000 | 9,000,000 | 11,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 9,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 9,000,000 | 7,000,000 | 7,000,000 | 9,000,000 | 6,000,000 | 6,000,000 | 7,000,000 | 9,000,000 | 5,000,000 | 6,000,000 | 8,000,000 | 6,000,000 | 3,000,000 | 2,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 5,000,000 | |||||||||||||||||||
other assets and other liabilities | 38,000,000 | -231,000,000 | 90,000,000 | 154,000,000 | 100,000,000 | -459,000,000 | 345,000,000 | 120,000,000 | 97,000,000 | -43,000,000 | 55,000,000 | -31,000,000 | 96,000,000 | -88,000,000 | 23,000,000 | 170,000,000 | 10,000,000 | -50,000,000 | 54,000,000 | 39,000,000 | 44,000,000 | -6,000,000 | 15,000,000 | -29,000,000 | 77,000,000 | 37,000,000 | 5,000,000 | 23,000,000 | 10,000,000 | 10,000,000 | -2,000,000 | 30,000,000 | 4,000,000 | -3,000,000 | 73,000,000 | |||||||||||||||||||||||||||
investment in buildings and equipment | -9,000,000 | -8,000,000 | -5,000,000 | -6,000,000 | -5,000,000 | -6,000,000 | -3,000,000 | -5,000,000 | -7,000,000 | -2,000,000 | -2,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -2,000,000 | -4,000,000 | -1,000,000 | -3,000,000 | -1,000,000 | -1,000,000 | 5,000,000 | -2,000,000 | -3,000,000 | -8,000,000 | -11,000,000 | -12,000,000 | -8,000,000 | -8,000,000 | -8,000,000 | -9,000,000 | -11,000,000 | -19,000,000 | -17,000,000 | -17,000,000 | -17,000,000 | |||||||||||||||||||||||||||
changes in note payable | 0 | 0 | 6,000,000 | 0 | -5,000,000 | -5,000,000 | 0 | 2,000,000 | 3,000,000 | -69,000,000 | 1,000,000 | 8,000,000 | 75,000,000 | 1,000,000 | 2,000,000 | -31,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 26,000,000 | 0 | 26,000,000 | 0 | 26,000,000 | 1,000,000 | 26,000,000 | 1,000,000 | 26,000,000 | 1,000,000 | 26,000,000 | 0 | 26,000,000 | 0 | 0 | 26,000,000 | 1,000,000 | 0 | 0 | 26,000,000 | 0 | 26,000,000 | 1,000,000 | 26,000,000 | 26,000,000 | 0 | 27,000,000 | 1,000,000 | 27,000,000 | 1,000,000 | 25,000,000 | 0 | ||||||||||||||||||||||||||||||
depreciation and amortization | 26,000,000 | 26,000,000 | 29,000,000 | 24,000,000 | 23,000,000 | 23,000,000 | 23,000,000 | 19,000,000 | 20,000,000 | 20,000,000 | 22,000,000 | 18,000,000 | 17,000,000 | 19,000,000 | 15,000,000 | 16,000,000 | 14,000,000 | 18,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 10,000,000 | 12,000,000 | 12,000,000 | 13,000,000 | 12,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||
investment income receivable | -11,000,000 | 6,000,000 | -3,000,000 | -2,000,000 | -4,000,000 | -4,000,000 | 2,000,000 | -5,000,000 | 0 | -7,000,000 | 9,000,000 | 5,000,000 | -2,000,000 | 4,000,000 | -3,000,000 | 1,000,000 | -6,000,000 | 10,000,000 | 2,000,000 | -7,000,000 | 11,000,000 | 5,000,000 | -5,000,000 | 8,000,000 | -10,000,000 | 3,000,000 | -4,000,000 | -2,000,000 | 2,000,000 | -2,000,000 | 3,000,000 | 2,000,000 | -5,000,000 | 2,000,000 | 2,000,000 | -2,000,000 | 13,000,000 | 9,000,000 | 6,000,000 | -1,000,000 | 1,000,000 | -7,000,000 | 4,000,000 | |||||||||||||||||||
sale of fixed maturities | -97,000,000 | 135,000,000 | 55,000,000 | 30,000,000 | 15,000,000 | 43,000,000 | 30,000,000 | 79,000,000 | 13,000,000 | 66,000,000 | 21,000,000 | 9,000,000 | 51,000,000 | 1,000,000 | 30,000,000 | 1,000,000 | 0 | 5,000,000 | 8,000,000 | 0 | 12,000,000 | 0 | 1,000,000 | 14,000,000 | 18,000,000 | 6,000,000 | 6,000,000 | 13,000,000 | 0 | 12,000,000 | 103,000,000 | 22,000,000 | 6,000,000 | 24,000,000 | 28,000,000 | 63,000,000 | 74,000,000 | 44,000,000 | 22,000,000 | 62,000,000 | 48,000,000 | 47,000,000 | 54,000,000 | 18,000,000 | 54,000,000 | 164,000,000 | 52,000,000 | 51,000,000 | ||||||||||||||
call or maturity of fixed maturities | 306,000,000 | 216,000,000 | 296,000,000 | 294,000,000 | 359,000,000 | 390,000,000 | 300,000,000 | 156,000,000 | 193,000,000 | 242,000,000 | 321,000,000 | 363,000,000 | 356,000,000 | 269,000,000 | 207,000,000 | 246,000,000 | 281,000,000 | 393,000,000 | 275,000,000 | 291,000,000 | 249,000,000 | 340,000,000 | 452,000,000 | 368,000,000 | 238,000,000 | 286,000,000 | 408,000,000 | 267,000,000 | 344,000,000 | 221,000,000 | 329,000,000 | 165,000,000 | 195,000,000 | 216,000,000 | 149,000,000 | 129,000,000 | 176,000,000 | 82,000,000 | 280,000,000 | 215,000,000 | 96,000,000 | 104,000,000 | 214,000,000 | 615,000,000 | 190,000,000 | 137,000,000 | 66,000,000 | 127,000,000 | ||||||||||||||
investment in finance receivables | -8,000,000 | -7,000,000 | -3,000,000 | -9,000,000 | -8,000,000 | -10,000,000 | -12,000,000 | -17,000,000 | -10,000,000 | -17,000,000 | -6,000,000 | -8,000,000 | -9,000,000 | -8,000,000 | -8,000,000 | -9,000,000 | -10,000,000 | -6,000,000 | -7,000,000 | -9,000,000 | -5,000,000 | -3,000,000 | -4,000,000 | -6,000,000 | -4,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -5,000,000 | -8,000,000 | -6,000,000 | -9,000,000 | -9,000,000 | -10,000,000 | -7,000,000 | -8,000,000 | -11,000,000 | -6,000,000 | -5,000,000 | -5,000,000 | -4,000,000 | -3,000,000 | -5,000,000 | -6,000,000 | -6,000,000 | -6,000,000 | ||||||||||||||||
collection of finance receivables | 9,000,000 | 12,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 10,000,000 | 8,000,000 | 9,000,000 | 11,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 6,000,000 | 9,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 9,000,000 | 7,000,000 | 6,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 6,000,000 | 7,000,000 | 10,000,000 | 8,000,000 | 11,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 12,000,000 | ||||||||||||||
interest credited to contract holders' | 11,000,000 | 10,000,000 | 12,000,000 | 11,000,000 | 10,000,000 | 10,000,000 | 11,000,000 | 10,000,000 | 14,000,000 | 12,000,000 | 11,000,000 | 12,000,000 | 11,000,000 | 13,000,000 | 11,000,000 | 12,000,000 | 13,000,000 | 12,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||
cashless exercise of stock options | 0 | 0 | 3,000,000 | 2,000,000 | 2,000,000 | 5,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 0 | 4,000,000 | 3,000,000 | 2,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 1,000,000 | 5,000,000 | 8,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||
equipment acquired under capital lease obligations | -1,000,000 | 4,000,000 | 3,000,000 | 7,000,000 | 6,000,000 | 3,000,000 | 5,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 6,000,000 | 3,000,000 | 9,000,000 | 4,000,000 | 10,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 12,000,000 | 11,000,000 | 3,000,000 | 6,000,000 | 4,000,000 | 19,000,000 | 6,000,000 | 7,000,000 | 2,000,000 | 0 | 1,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||
income taxes received | -81,000,000 | 94,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of securities | 0 | 3,000,000 | 0 | 1,000,000 | 4,000,000 | 1,000,000 | 0 | 3,000,000 | 0 | 43,000,000 | 8,000,000 | 10,000,000 | 3,000,000 | 0 | 6,000,000 | 22,000,000 | 0 | 1,000,000 | 2,000,000 | -88,000,000 | 91,000,000 | 0 | 17,000,000 | |||||||||||||||||||||||||||||||||||||||
excess tax benefits on share-based compensation | 0 | 0 | 1,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of note payable | 0 | 0 | -3,000,000 | -8,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized investment gains | -7,000,000 | 11,000,000 | -160,000,000 | -56,000,000 | -44,000,000 | -61,000,000 | 40,000,000 | -3,000,000 | -60,000,000 | -47,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
life policy reserves | 21,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 28,000,000 | 22,000,000 | 31,000,000 | 23,000,000 | 27,000,000 | 20,000,000 | 15,000,000 | 13,000,000 | 20,000,000 | 18,000,000 | 15,000,000 | -13,000,000 | 28,000,000 | 27,000,000 | 28,000,000 | 30,000,000 | 25,000,000 | 25,000,000 | -4,000,000 | 28,000,000 | 21,000,000 | 22,000,000 | 30,000,000 | 24,000,000 | 26,000,000 | 21,000,000 | ||||||||||||||||||||||||||||||||
stock-based compensation | 5,000,000 | 6,000,000 | 7,000,000 | 5,000,000 | 4,000,000 | 7,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | 0 | -50,000,000 | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits on stock-based compensation | 2,000,000 | 0 | 2,000,000 | 0 | 1,000,000 | 3,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes (refunded) paid | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury shares | -21,000,000 | 0 | -2,000,000 | 0 | 0 | 0 | -42,000,000 | -97,000,000 | -163,000,000 | -80,000,000 | -17,000,000 | -47,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
noncash activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance recoverable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on note payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gains on investments | -41,000,000 | -10,000,000 | 7,000,000 | -12,000,000 | -19,000,000 | -110,000,000 | -12,000,000 | -15,000,000 | -293,000,000 | -62,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in notes payable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, amortization and other non-cash items | 10,000,000 | 11,000,000 | 11,000,000 | 4,000,000 | 11,000,000 | 11,000,000 | 10,000,000 | 7,000,000 | 6,000,000 | 8,000,000 | 5,000,000 | 8,000,000 | 11,000,000 | 8,000,000 | 10,000,000 | 10,000,000 | 9,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred income tax (benefit) expense | 7,000,000 | -9,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in securities lending collateral invested | 0 | 510,000,000 | 105,000,000 | 126,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in securities lending payable | 0 | -529,000,000 | -105,000,000 | -126,000,000 | -8,000,000 | -208,000,000 | -8,000,000 | 984,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized losses on investments | -8,000,000 | 18,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract holder funds deposited | 58,000,000 | 67,000,000 | 26,000,000 | 9,000,000 | 12,000,000 | 4,000,000 | 2,000,000 | 7,000,000 | 0 | 1,000,000 | 3,000,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
contract holder funds withdrawn | -17,000,000 | -15,000,000 | -15,000,000 | -19,000,000 | -20,000,000 | -17,000,000 | -15,000,000 | -14,000,000 | -20,000,000 | -22,000,000 | -20,000,000 | -17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -155,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accompanying notes are an integral part of these condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax | 15,000,000 | 18,000,000 | 1,000,000 | -33,000,000 | -31,000,000 | 17,000,000 | -80,000,000 | 7,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 194,000,000 | -261,000,000 | -494,000,000 | 662,000,000 | 14,000,000 | 96,000,000 | 11,000,000 | 43,000,000 | 61,000,000 | -75,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
current income tax | -46,000,000 | 136,000,000 | -69,000,000 | 20,000,000 | -21,000,000 | -89,000,000 | 17,000,000 | 71,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized investment losses | 12,000,000 | 232,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in securities lending collateral | 8,000,000 | -984,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury shares not yet settled | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collection of negotiated settlement-software cost recovery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from 6.125% senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs from 6.125% senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of fixed maturity to equity security and fixed maturity investments |