Quarterly
Annual
| Unit: USD | 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 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 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 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-03-31 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-03-31 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 45,338 and 44,196, less allowance for credit loss of 61 and 45 | 44,116,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,183 and 969 | 1,295,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
limited partnership investments | 2,801,000,000 | 2,754,000,000 | 2,572,000,000 | 2,520,000,000 | 2,462,000,000 | 2,367,000,000 | 2,274,000,000 | 2,174,000,000 | 2,074,000,000 | 2,020,000,000 | 2,011,000,000 | 1,954,000,000 | 1,975,000,000 | 1,941,000,000 | 1,917,000,000 | 1,933,000,000 | 1,898,000,000 | 1,769,000,000 | 1,798,000,000 | 1,758,000,000 | 1,742,000,000 | 2,004,000,000 | 2,012,000,000 | 2,036,000,000 | 2,120,000,000 | 2,424,000,000 | 2,832,000,000 | 3,310,000,000 | 3,291,000,000 | 3,201,000,000 | 3,254,000,000 | 3,258,000,000 | 3,293,000,000 | 3,355,000,000 | 3,301,000,000 | 3,495,000,000 | 3,714,000,000 | 3,749,000,000 | 3,658,000,000 | 3,561,000,000 | 3,512,000,000 | 3,465,000,000 | 3,207,000,000 | 2,743,000,000 | 2,909,000,000 | 2,953,000,000 | 3,130,000,000 | 3,025,000,000 | 2,648,000,000 | 2,164,000,000 | 1,975,000,000 | 1,768,000,000 | 2,207,000,000 | 2,428,000,000 | 2,347,000,000 | |
other invested assets, primarily mortgage loans, less allowance for credit loss of 40 and 35 | 1,163,000,000 | 1,138,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 5,383,000,000 | 4,452,000,000 | 4,354,000,000 | 4,606,000,000 | 5,242,000,000 | 4,916,000,000 | 5,388,000,000 | 4,396,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total investments | 54,758,000,000 | 52,995,000,000 | 51,993,000,000 | 51,130,000,000 | 53,069,000,000 | 50,346,000,000 | 50,723,000,000 | 49,369,000,000 | 46,413,000,000 | 47,563,000,000 | 47,589,000,000 | 46,768,000,000 | 45,997,000,000 | 48,075,000,000 | 51,102,000,000 | 53,938,000,000 | 54,374,000,000 | 52,359,000,000 | 53,844,000,000 | 52,772,000,000 | 51,486,000,000 | 51,250,000,000 | 51,387,000,000 | 50,740,000,000 | 49,468,000,000 | 48,186,000,000 | 48,695,000,000 | 50,469,000,000 | 51,065,000,000 | 52,134,000,000 | 51,606,000,000 | 51,022,000,000 | 52,385,000,000 | 52,359,000,000 | 50,650,000,000 | 50,550,000,000 | 51,048,000,000 | 52,192,000,000 | 52,644,000,000 | 52,951,000,000 | 52,063,000,000 | 52,358,000,000 | 53,184,000,000 | 51,075,000,000 | 50,958,000,000 | 49,625,000,000 | 48,884,000,000 | 48,632,000,000 | 48,842,000,000 | 47,502,000,000 | 41,313,000,000 | 39,091,000,000 | 42,278,000,000 | 45,358,000,000 | 47,429,000,000 | |
cash | 567,000,000 | 447,000,000 | 560,000,000 | 541,000,000 | 548,000,000 | 470,000,000 | 556,000,000 | 399,000,000 | 762,000,000 | 463,000,000 | 594,000,000 | 532,000,000 | 886,000,000 | 951,000,000 | 798,000,000 | 621,000,000 | 578,000,000 | 660,000,000 | 478,000,000 | 886,000,000 | 668,000,000 | 336,000,000 | 442,000,000 | 440,000,000 | 339,000,000 | 405,000,000 | 571,000,000 | 453,000,000 | 451,000,000 | 416,000,000 | 357,000,000 | 412,000,000 | 344,000,000 | 348,000,000 | 308,000,000 | 328,000,000 | 249,000,000 | 271,000,000 | 637,000,000 | 277,000,000 | 301,000,000 | 257,000,000 | 179,000,000 | 136,000,000 | 99,000,000 | 128,000,000 | 148,000,000 | 123,000,000 | 132,000,000 | 135,000,000 | 136,000,000 | 138,000,000 | 236,000,000 | 168,000,000 | 207,000,000 | |
receivables | 10,936,000,000 | 11,357,000,000 | 10,790,000,000 | 10,522,000,000 | 10,138,000,000 | 10,280,000,000 | 9,754,000,000 | 9,660,000,000 | 9,437,000,000 | 9,926,000,000 | 9,416,000,000 | 9,403,000,000 | 9,458,000,000 | 9,701,000,000 | 9,259,000,000 | 9,273,000,000 | 9,162,000,000 | 8,539,000,000 | 7,833,000,000 | 7,850,000,000 | 8,431,000,000 | 7,675,000,000 | 7,622,000,000 | 8,144,000,000 | 8,012,000,000 | 7,960,000,000 | 7,836,000,000 | 8,217,000,000 | 7,893,000,000 | 7,792,000,000 | 7,977,000,000 | 7,783,000,000 | 7,853,000,000 | 8,616,000,000 | 8,227,000,000 | 8,079,000,000 | 8,097,000,000 | 8,157,000,000 | 8,185,000,000 | 8,441,000,000 | 8,355,000,000 | 9,023,000,000 | 9,605,000,000 | 9,145,000,000 | 9,409,000,000 | 10,109,000,000 | 10,133,000,000 | 10,182,000,000 | 11,091,000,000 | 10,000,000,000 | 11,529,000,000 | 11,334,000,000 | 12,201,000,000 | 11,965,000,000 | 11,959,000,000 | |
property, plant and equipment | 10,668,000,000 | 10,666,000,000 | 10,674,000,000 | 10,738,000,000 | 10,689,000,000 | 10,710,000,000 | 10,723,000,000 | 10,718,000,000 | 10,674,000,000 | 10,328,000,000 | 10,098,000,000 | 10,027,000,000 | 9,949,000,000 | 9,962,000,000 | 9,896,000,000 | 9,888,000,000 | 9,847,000,000 | 9,921,000,000 | 10,451,000,000 | 10,468,000,000 | 10,475,000,000 | 15,568,000,000 | 15,561,000,000 | 15,513,000,000 | 15,407,000,000 | 15,511,000,000 | 15,467,000,000 | 15,471,000,000 | 15,461,000,000 | 15,475,000,000 | 15,447,000,000 | 15,160,000,000 | 15,200,000,000 | 15,126,000,000 | 15,351,000,000 | 15,902,000,000 | 15,917,000,000 | 15,376,000,000 | 14,411,000,000 | 14,133,000,000 | 14,974,000,000 | 14,381,000,000 | 14,204,000,000 | 13,709,000,000 | 13,522,000,000 | 12,935,000,000 | 12,456,000,000 | 12,543,000,000 | 12,619,000,000 | 13,249,000,000 | 12,671,000,000 | 12,160,000,000 | 12,809,000,000 | 11,782,000,000 | 11,086,000,000 | |
goodwill | 349,000,000 | 349,000,000 | 347,000,000 | 347,000,000 | 349,000,000 | 347,000,000 | 347,000,000 | 347,000,000 | 346,000,000 | 347,000,000 | 346,000,000 | 346,000,000 | 344,000,000 | 346,000,000 | 348,000,000 | 349,000,000 | 350,000,000 | 349,000,000 | 785,000,000 | 765,000,000 | 764,000,000 | 767,000,000 | 772,000,000 | 768,000,000 | 682,000,000 | 665,000,000 | 657,000,000 | 658,000,000 | 661,000,000 | 648,000,000 | 647,000,000 | 346,000,000 | 347,000,000 | 348,000,000 | 350,000,000 | 352,000,000 | 373,000,000 | 371,000,000 | 353,000,000 | 355,000,000 | 354,000,000 | 991,000,000 | 993,000,000 | 908,000,000 | 908,000,000 | 856,000,000 | 856,000,000 | 856,000,000 | 856,000,000 | 856,000,000 | 856,000,000 | |||||
deferred non-insurance warranty acquisition expenses | 3,340,000,000 | 3,441,000,000 | 3,493,000,000 | 3,525,000,000 | 3,571,000,000 | 3,598,000,000 | 3,621,000,000 | 3,661,000,000 | 3,688,000,000 | 3,689,000,000 | 3,671,000,000 | 3,671,000,000 | 3,653,000,000 | 3,593,000,000 | 3,504,000,000 | 3,476,000,000 | 3,305,000,000 | 3,149,000,000 | 3,068,000,000 | 2,998,000,000 | 2,916,000,000 | 2,840,000,000 | 2,772,000,000 | 2,678,000,000 | 2,576,000,000 | 2,513,000,000 | ||||||||||||||||||||||||||||||
deferred acquisition costs of insurance subsidiaries | 985,000,000 | 1,021,000,000 | 999,000,000 | 959,000,000 | 943,000,000 | 948,000,000 | 927,000,000 | 896,000,000 | 880,000,000 | 885,000,000 | 852,000,000 | 806,000,000 | 787,000,000 | 792,000,000 | 766,000,000 | 737,000,000 | 721,000,000 | 741,000,000 | 708,000,000 | 697,000,000 | 699,000,000 | 662,000,000 | 668,000,000 | 681,000,000 | 664,000,000 | 633,000,000 | 654,000,000 | 673,000,000 | 665,000,000 | 643,000,000 | 647,000,000 | 626,000,000 | 619,000,000 | 620,000,000 | 622,000,000 | 606,000,000 | 621,000,000 | 616,000,000 | 627,000,000 | 650,000,000 | 652,000,000 | 642,000,000 | 641,000,000 | 584,000,000 | 576,000,000 | 783,000,000 | 1,106,000,000 | 1,098,000,000 | 1,096,000,000 | 1,109,000,000 | 1,145,000,000 | 1,132,000,000 | 1,157,000,000 | 1,167,000,000 | 1,158,000,000 | |
other assets | 4,338,000,000 | 4,392,000,000 | 4,286,000,000 | 4,181,000,000 | 4,310,000,000 | 4,358,000,000 | 4,255,000,000 | 4,147,000,000 | 4,269,000,000 | 4,146,000,000 | 3,994,000,000 | 3,941,000,000 | 4,037,000,000 | 3,651,000,000 | 3,471,000,000 | 3,344,000,000 | 3,271,000,000 | 2,501,000,000 | 3,069,000,000 | 3,028,000,000 | 3,000,000,000 | 3,145,000,000 | 3,275,000,000 | 3,313,000,000 | 3,301,000,000 | 2,443,000,000 | 4,845,000,000 | 4,791,000,000 | 4,590,000,000 | 2,419,000,000 | 2,420,000,000 | 1,765,000,000 | 1,760,000,000 | 1,766,000,000 | 1,716,000,000 | 1,715,000,000 | 1,710,000,000 | 1,640,000,000 | 1,672,000,000 | 1,681,000,000 | 1,618,000,000 | 1,645,000,000 | 1,529,000,000 | 1,401,000,000 | 1,366,000,000 | 1,451,000,000 | 2,036,000,000 | 1,959,000,000 | 1,723,000,000 | 1,693,000,000 | 1,378,000,000 | 1,416,000,000 | 1,481,000,000 | 1,502,000,000 | 1,789,000,000 | |
total assets | 85,941,000,000 | 84,668,000,000 | 83,142,000,000 | 81,943,000,000 | 83,617,000,000 | 81,057,000,000 | 80,906,000,000 | 79,197,000,000 | 76,469,000,000 | 77,347,000,000 | 76,560,000,000 | 75,494,000,000 | 75,111,000,000 | 77,071,000,000 | 79,144,000,000 | 81,626,000,000 | 81,608,000,000 | 80,005,000,000 | 80,236,000,000 | 79,464,000,000 | 78,439,000,000 | 82,243,000,000 | 82,499,000,000 | 82,277,000,000 | 80,449,000,000 | 78,316,000,000 | 78,725,000,000 | 80,732,000,000 | 80,786,000,000 | 79,527,000,000 | 79,101,000,000 | 77,114,000,000 | 78,508,000,000 | 79,183,000,000 | 77,224,000,000 | 77,532,000,000 | 78,015,000,000 | 78,623,000,000 | 78,529,000,000 | 82,894,000,000 | 81,803,000,000 | 79,510,000,000 | 80,614,000,000 | 77,328,000,000 | 77,240,000,000 | 76,305,000,000 | 76,069,000,000 | 75,967,000,000 | 76,821,000,000 | 75,855,000,000 | 71,630,000,000 | 69,667,000,000 | 73,417,000,000 | 74,782,000,000 | 76,892,000,000 | |
liabilities and equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance reserves: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
claim and claim adjustment expense | 26,525,000,000 | 26,203,000,000 | 25,581,000,000 | 24,558,000,000 | 23,974,000,000 | 23,588,000,000 | 22,836,000,000 | 22,802,000,000 | 22,409,000,000 | 24,700,000,000 | 24,559,000,000 | 24,348,000,000 | 23,480,000,000 | 23,056,000,000 | 22,706,000,000 | 22,534,000,000 | 22,270,000,000 | 21,596,000,000 | 21,729,000,000 | 21,836,000,000 | 21,984,000,000 | 21,604,000,000 | 21,990,000,000 | 22,067,000,000 | 22,209,000,000 | 22,179,000,000 | 22,260,000,000 | 22,672,000,000 | 22,975,000,000 | 23,018,000,000 | 22,867,000,000 | 23,193,000,000 | 23,248,000,000 | 23,475,000,000 | 23,996,000,000 | 23,933,000,000 | 23,962,000,000 | 24,511,000,000 | 24,007,000,000 | 24,203,000,000 | 25,031,000,000 | 25,196,000,000 | 25,352,000,000 | 25,783,000,000 | 26,559,000,000 | 27,100,000,000 | 27,243,000,000 | 28,023,000,000 | 28,202,000,000 | 28,502,000,000 | ||||||
future policy benefits | 13,546,000,000 | 13,329,000,000 | 13,304,000,000 | 14,047,000,000 | 13,211,000,000 | 13,513,000,000 | 12,654,000,000 | 13,666,000,000 | 13,976,000,000 | 10,454,000,000 | 10,926,000,000 | 11,938,000,000 | 13,285,000,000 | 12,772,000,000 | 13,318,000,000 | 12,978,000,000 | 12,596,000,000 | 12,305,000,000 | 11,537,000,000 | 11,078,000,000 | 10,597,000,000 | 10,605,000,000 | 10,667,000,000 | 10,783,000,000 | 11,040,000,000 | 10,824,000,000 | 10,491,000,000 | 11,219,000,000 | 11,140,000,000 | 10,500,000,000 | 9,520,000,000 | 9,360,000,000 | 9,747,000,000 | 8,890,000,000 | 8,696,000,000 | 8,254,000,000 | 10,681,000,000 | 11,469,000,000 | 10,352,000,000 | 9,959,000,000 | 9,258,000,000 | 9,021,000,000 | 8,842,000,000 | 8,372,000,000 | 8,090,000,000 | 7,746,000,000 | 7,634,000,000 | 7,442,000,000 | 7,326,000,000 | 7,209,000,000 | ||||||
unearned premiums | 7,578,000,000 | 7,890,000,000 | 7,504,000,000 | 7,259,000,000 | 7,409,000,000 | 7,046,000,000 | 6,789,000,000 | 6,978,000,000 | 6,581,000,000 | 6,195,000,000 | 6,289,000,000 | 5,942,000,000 | 5,592,000,000 | 5,319,000,000 | 5,119,000,000 | 5,020,000,000 | 4,996,000,000 | 4,608,000,000 | 4,648,000,000 | 4,422,000,000 | 4,183,000,000 | 4,289,000,000 | 4,410,000,000 | 4,256,000,000 | 4,060,000,000 | 4,107,000,000 | 3,912,000,000 | 3,862,000,000 | 3,865,000,000 | 3,807,000,000 | 3,706,000,000 | 3,815,000,000 | 3,710,000,000 | 3,703,000,000 | 3,851,000,000 | 3,838,000,000 | 3,820,000,000 | 3,759,000,000 | 3,478,000,000 | 3,383,000,000 | 3,386,000,000 | 3,409,000,000 | 3,321,000,000 | 3,265,000,000 | 3,283,000,000 | 3,508,000,000 | 3,461,000,000 | 3,549,000,000 | 3,644,000,000 | 3,577,000,000 | ||||||
total insurance reserves | 47,649,000,000 | 47,422,000,000 | 46,389,000,000 | 45,864,000,000 | 44,594,000,000 | 44,147,000,000 | 42,279,000,000 | 43,446,000,000 | 42,966,000,000 | 41,349,000,000 | 41,774,000,000 | 42,228,000,000 | 42,357,000,000 | 41,147,000,000 | 41,143,000,000 | 40,532,000,000 | 39,862,000,000 | 38,509,000,000 | 37,914,000,000 | 37,336,000,000 | 36,764,000,000 | 36,498,000,000 | 37,067,000,000 | 37,106,000,000 | 37,309,000,000 | 37,110,000,000 | 36,663,000,000 | 37,753,000,000 | 37,980,000,000 | 37,325,000,000 | 36,093,000,000 | 36,368,000,000 | 36,705,000,000 | 36,095,000,000 | 36,570,000,000 | 36,051,000,000 | 38,590,000,000 | 39,893,000,000 | 38,004,000,000 | 37,714,000,000 | 37,851,000,000 | 37,792,000,000 | 37,680,000,000 | 37,584,000,000 | 38,109,000,000 | 38,571,000,000 | 38,591,000,000 | 39,468,000,000 | 39,754,000,000 | 40,147,000,000 | ||||||
payable to brokers | 133,000,000 | 374,000,000 | 206,000,000 | 269,000,000 | 130,000,000 | 202,000,000 | 444,000,000 | 191,000,000 | 220,000,000 | 359,000,000 | 320,000,000 | 396,000,000 | 654,000,000 | 310,000,000 | 92,000,000 | 466,000,000 | 985,000,000 | 242,000,000 | 576,000,000 | 307,000,000 | 42,000,000 | 217,000,000 | 311,000,000 | 280,000,000 | 324,000,000 | 478,000,000 | 302,000,000 | 451,000,000 | 1,310,000,000 | 630,000,000 | 733,000,000 | 741,000,000 | 926,000,000 | 663,000,000 | 815,000,000 | 882,000,000 | 326,000,000 | 738,000,000 | 395,000,000 | 920,000,000 | 567,000,000 | 558,000,000 | 419,000,000 | 968,000,000 | 662,000,000 | 930,000,000 | 869,000,000 | 1,593,000,000 | 1,971,000,000 | 881,000,000 | ||||||
short-term debt | 1,005,000,000 | 1,005,000,000 | 505,000,000 | 713,000,000 | 1,013,000,000 | 1,678,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 8,438,000,000 | 7,942,000,000 | 8,441,000,000 | 8,821,000,000 | 8,558,000,000 | 8,425,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 836,000,000 | 633,000,000 | 613,000,000 | 697,000,000 | 502,000,000 | 500,000,000 | 258,000,000 | 257,000,000 | 251,000,000 | 245,000,000 | 350,000,000 | 715,000,000 | 1,083,000,000 | 924,000,000 | 1,065,000,000 | 913,000,000 | 875,000,000 | 1,141,000,000 | 1,227,000,000 | 1,084,000,000 | 841,000,000 | 911,000,000 | 879,000,000 | 734,000,000 | 905,000,000 | 852,000,000 | 785,000,000 | 735,000,000 | 604,000,000 | 540,000,000 | 796,000,000 | 773,000,000 | 930,000,000 | 1,030,000,000 | 996,000,000 | 898,000,000 | 831,000,000 | 895,000,000 | 952,000,000 | 937,000,000 | 802,000,000 | 638,000,000 | 125,000,000 | 557,000,000 | 869,000,000 | 2,189,000,000 | 3,145,000,000 | 1,466,000,000 | 1,026,000,000 | 1,445,000,000 | ||||||
deferred non-insurance warranty revenue | 4,294,000,000 | 4,421,000,000 | 4,488,000,000 | 4,594,000,000 | 4,623,000,000 | 4,645,000,000 | 4,736,000,000 | 4,735,000,000 | 4,710,000,000 | 4,706,000,000 | 4,638,000,000 | 4,528,000,000 | 4,309,000,000 | 4,119,000,000 | 4,023,000,000 | 3,951,000,000 | 3,852,000,000 | 3,707,000,000 | 3,595,000,000 | 3,472,000,000 | 3,402,000,000 | |||||||||||||||||||||||||||||||||||
other liabilities | 4,363,000,000 | 4,482,000,000 | 4,466,000,000 | 4,411,000,000 | 4,436,000,000 | 4,311,000,000 | 4,408,000,000 | 4,193,000,000 | 4,041,000,000 | 4,510,000,000 | 4,486,000,000 | 4,306,000,000 | 4,697,000,000 | 4,375,000,000 | 4,623,000,000 | 4,574,000,000 | 4,447,000,000 | 5,160,000,000 | 5,028,000,000 | 4,987,000,000 | 4,505,000,000 | 7,753,000,000 | 9,146,000,000 | 7,350,000,000 | 5,195,000,000 | 5,269,000,000 | 4,940,000,000 | 5,241,000,000 | 5,193,000,000 | 5,017,000,000 | 4,987,000,000 | 4,949,000,000 | 4,882,000,000 | 4,724,000,000 | 4,410,000,000 | 4,295,000,000 | 4,754,000,000 | 4,654,000,000 | 4,230,000,000 | 4,104,000,000 | 3,870,000,000 | 3,979,000,000 | 4,481,000,000 | 4,275,000,000 | 5,038,000,000 | 3,928,000,000 | 4,120,000,000 | 3,970,000,000 | 3,803,000,000 | 5,725,000,000 | ||||||
total liabilities | 66,718,000,000 | 66,279,000,000 | 65,108,000,000 | 65,369,000,000 | 63,856,000,000 | 63,908,000,000 | 61,311,000,000 | 61,877,000,000 | 61,246,000,000 | 60,458,000,000 | 60,850,000,000 | 61,449,000,000 | 62,210,000,000 | 61,468,000,000 | 61,055,000,000 | 60,844,000,000 | 60,026,000,000 | 60,241,000,000 | 59,883,000,000 | 58,547,000,000 | 56,930,000,000 | 56,839,000,000 | 58,874,000,000 | 56,938,000,000 | 55,166,000,000 | 54,995,000,000 | 53,380,000,000 | 55,102,000,000 | 56,152,000,000 | 54,099,000,000 | 53,379,000,000 | 53,683,000,000 | 53,993,000,000 | 53,413,000,000 | 57,539,000,000 | 56,686,000,000 | 54,689,000,000 | 55,896,000,000 | 53,087,000,000 | 53,119,000,000 | 52,740,000,000 | 52,586,000,000 | 52,522,000,000 | 53,322,000,000 | 53,862,000,000 | 52,868,000,000 | 52,771,000,000 | 53,508,000,000 | 53,747,000,000 | 55,847,000,000 | ||||||
commitments and contingent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.10 par value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized – 100,000,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized – 1,800,000,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 215,115,219 and 214,912,595 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 2,469,000,000 | 2,467,000,000 | 2,451,000,000 | 2,562,000,000 | 2,556,000,000 | 2,547,000,000 | 2,764,000,000 | 2,728,000,000 | 2,716,000,000 | 2,886,000,000 | 2,869,000,000 | 2,859,000,000 | 3,121,000,000 | 3,119,000,000 | 3,133,000,000 | 3,379,000,000 | 3,371,000,000 | 3,620,000,000 | 3,612,000,000 | 3,607,000,000 | 3,627,000,000 | 3,813,000,000 | 3,809,000,000 | 3,142,000,000 | 3,181,000,000 | 3,178,000,000 | 3,168,000,000 | 3,207,000,000 | 3,197,000,000 | 3,177,000,000 | 3,490,000,000 | 3,483,000,000 | 3,477,000,000 | 3,613,000,000 | 3,608,000,000 | 3,604,000,000 | 3,648,000,000 | 3,589,000,000 | 3,543,000,000 | 3,538,000,000 | 3,658,000,000 | 3,653,000,000 | 3,671,000,000 | 3,758,000,000 | 3,745,000,000 | 3,894,000,000 | 3,896,000,000 | 3,288,000,000 | 3,280,000,000 | 3,973,000,000 | ||||||
retained earnings | 17,690,000,000 | 17,198,000,000 | 16,821,000,000 | 16,802,000,000 | 16,415,000,000 | 16,060,000,000 | 15,877,000,000 | 15,637,000,000 | 15,293,000,000 | 15,377,000,000 | 15,261,000,000 | 15,097,000,000 | 15,132,000,000 | 14,394,000,000 | 14,150,000,000 | 14,437,000,000 | 14,316,000,000 | 16,427,000,000 | 16,374,000,000 | 16,144,000,000 | 15,773,000,000 | 16,790,000,000 | 16,532,000,000 | 16,321,000,000 | 15,811,000,000 | 15,677,000,000 | 15,466,000,000 | 15,031,000,000 | 14,724,000,000 | 14,812,000,000 | 15,906,000,000 | 15,747,000,000 | 15,600,000,000 | 15,817,000,000 | 15,633,000,000 | 15,541,000,000 | 15,911,000,000 | 15,410,000,000 | 15,263,000,000 | 15,232,000,000 | 15,282,000,000 | 15,145,000,000 | 14,919,000,000 | 14,433,000,000 | 14,085,000,000 | 13,122,000,000 | ||||||||||
accumulated other comprehensive loss | -1,161,000,000 | -1,502,000,000 | -1,685,000,000 | -1,738,000,000 | -2,383,000,000 | -2,401,000,000 | -3,473,000,000 | -3,160,000,000 | -3,062,000,000 | -390,000,000 | -880,000,000 | -758,000,000 | -625,000,000 | -417,000,000 | -36,000,000 | -149,000,000 | -126,000,000 | -75,000,000 | -1,972,000,000 | |||||||||||||||||||||||||||||||||||||
less treasury stock, at cost | -708,000,000 | -651,000,000 | -398,000,000 | -271,000,000 | -206,000,000 | -24,000,000 | -722,000,000 | -604,000,000 | -498,000,000 | -616,000,000 | -386,000,000 | -132,000,000 | -500,000,000 | -280,000,000 | -7,000,000 | -685,000,000 | -491,000,000 | -647,000,000 | -478,000,000 | -327,000,000 | -5,000,000 | -896,000,000 | -808,000,000 | -517,000,000 | -6,000,000 | -6,000,000 | -115,000,000 | -98,000,000 | -33,000,000 | -633,000,000 | -305,000,000 | -71,000,000 | -415,000,000 | -195,000,000 | -24,000,000 | -228,000,000 | -102,000,000 | 51,000,000 | -705,000,000 | -430,000,000 | -202,000,000 | -353,000,000 | -213,000,000 | 32,000,000 | ||||||||||||
total shareholders’ equity | 18,292,000,000 | 17,514,000,000 | 17,191,000,000 | 17,357,000,000 | 16,384,000,000 | 16,184,000,000 | 14,448,000,000 | 14,603,000,000 | 14,451,000,000 | 13,846,000,000 | 15,236,000,000 | 16,575,000,000 | 18,083,000,000 | 17,270,000,000 | 17,860,000,000 | 17,372,000,000 | 17,204,000,000 | 19,420,000,000 | 19,514,000,000 | 19,037,000,000 | 18,518,000,000 | 18,952,000,000 | 18,911,000,000 | 18,532,000,000 | 19,021,000,000 | 18,816,000,000 | 18,488,000,000 | 18,270,000,000 | 17,945,000,000 | 17,833,000,000 | 18,744,000,000 | 18,982,000,000 | 19,308,000,000 | 19,657,000,000 | 19,857,000,000 | 19,688,000,000 | 19,355,000,000 | 19,467,000,000 | 19,505,000,000 | 19,428,000,000 | 18,974,000,000 | 18,953,000,000 | 18,686,000,000 | 18,859,000,000 | 17,546,000,000 | 15,016,000,000 | 13,371,000,000 | 15,741,000,000 | 16,781,000,000 | 17,257,000,000 | ||||||
noncontrolling interests | 931,000,000 | 875,000,000 | 843,000,000 | 891,000,000 | 817,000,000 | 814,000,000 | 710,000,000 | 867,000,000 | 863,000,000 | 807,000,000 | 985,000,000 | 1,120,000,000 | 1,315,000,000 | 1,267,000,000 | 1,321,000,000 | 1,248,000,000 | 1,209,000,000 | 2,838,000,000 | 2,880,000,000 | 2,865,000,000 | 2,868,000,000 | 2,934,000,000 | 2,947,000,000 | 5,316,000,000 | 5,340,000,000 | 5,290,000,000 | 5,246,000,000 | 5,136,000,000 | 5,086,000,000 | 5,292,000,000 | 5,409,000,000 | 5,350,000,000 | 5,322,000,000 | 5,459,000,000 | 5,498,000,000 | 5,429,000,000 | 5,466,000,000 | 5,251,000,000 | 4,736,000,000 | 4,693,000,000 | 4,591,000,000 | 4,530,000,000 | 4,759,000,000 | 4,640,000,000 | 4,447,000,000 | 3,746,000,000 | 3,525,000,000 | |||||||||
total equity | 19,223,000,000 | 18,389,000,000 | 18,034,000,000 | 18,248,000,000 | 17,201,000,000 | 16,998,000,000 | 15,158,000,000 | 15,470,000,000 | 15,314,000,000 | 14,653,000,000 | 16,221,000,000 | 17,695,000,000 | 19,398,000,000 | 18,537,000,000 | 19,181,000,000 | 18,620,000,000 | 18,413,000,000 | 22,258,000,000 | 22,394,000,000 | 21,902,000,000 | 21,386,000,000 | 21,886,000,000 | 21,858,000,000 | 23,848,000,000 | 24,361,000,000 | 24,106,000,000 | 23,734,000,000 | 23,406,000,000 | 23,031,000,000 | 23,125,000,000 | 24,153,000,000 | 24,332,000,000 | 24,630,000,000 | 25,116,000,000 | 25,355,000,000 | 25,117,000,000 | 24,821,000,000 | 24,718,000,000 | 24,241,000,000 | 24,121,000,000 | 23,565,000,000 | 23,483,000,000 | 23,445,000,000 | 23,499,000,000 | 21,993,000,000 | 18,762,000,000 | 16,896,000,000 | |||||||||
total liabilities and equity | 85,941,000,000 | 84,668,000,000 | 83,142,000,000 | 83,617,000,000 | 81,057,000,000 | 80,906,000,000 | 76,469,000,000 | 77,347,000,000 | 76,560,000,000 | 75,111,000,000 | 77,071,000,000 | 79,144,000,000 | 81,608,000,000 | 80,005,000,000 | 80,236,000,000 | 79,464,000,000 | 78,439,000,000 | 82,499,000,000 | 82,277,000,000 | 80,449,000,000 | 78,316,000,000 | 78,725,000,000 | 80,732,000,000 | 80,786,000,000 | 79,527,000,000 | 79,101,000,000 | 77,114,000,000 | 78,508,000,000 | 79,183,000,000 | 77,224,000,000 | 77,532,000,000 | 78,015,000,000 | 78,623,000,000 | 78,529,000,000 | 82,894,000,000 | 81,803,000,000 | 79,510,000,000 | 80,614,000,000 | 77,328,000,000 | 77,240,000,000 | 76,305,000,000 | 76,069,000,000 | 75,967,000,000 | 76,821,000,000 | 75,855,000,000 | 71,630,000,000 | 69,667,000,000 | |||||||||
fixed maturities, amortized cost of 45,283 and 44,196, less allowance for credit loss of 51 and 45 | 43,357,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,221 and 969 | 1,294,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 215,049,854 and 214,912,595 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 44,741 and 44,196, less allowance for credit loss of 47 and 45 | 42,723,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,150 and 969 | 1,189,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 35 and 35 | 1,155,000,000 | 1,113,000,000 | 1,095,000,000 | 1,067,000,000 | 1,117,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 215,027,306 and 214,912,595 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 44,196 and 42,615, less allowance for credit loss of 45 and 16 | 41,827,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 969 and 1,015 | 1,064,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 44,028 and 42,615, less allowance for credit loss of 18 and 16 | 43,055,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,068 and 1,015 | 1,215,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 222,511,465 and 222,268,150 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 43,469 and 42,615, less allowance for credit loss of 17 and 16 | 40,879,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,076 and 1,015 | 1,117,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 222,456,544 and 222,268,150 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 43,113 and 42,615, less allowance for credit loss of 20 and 16 | 40,840,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,027 and 1,015 | 1,104,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 222,421,077 and 222,268,150 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 42,615 and 41,102, less allowance for credit loss of 16 and 1 | 40,626,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,015 and 1,161 | 1,050,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 35 and 24 | 1,123,000,000 | 1,072,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 42,753 and 41,102, less allowance for credit loss of 18 and 1 | 38,243,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,081 and 1,161 | 1,055,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term investments | 3,969,000,000 | 4,478,000,000 | 4,079,000,000 | 4,854,000,000 | 4,125,000,000 | 4,291,000,000 | 4,655,000,000 | 4,860,000,000 | 4,802,000,000 | 4,282,000,000 | 4,674,000,000 | 4,553,000,000 | 4,515,000,000 | 4,628,000,000 | 4,574,000,000 | 4,689,000,000 | 4,487,000,000 | 3,869,000,000 | 3,794,000,000 | 4,437,000,000 | 4,367,000,000 | 4,991,000,000 | 4,932,000,000 | 5,013,000,000 | 4,893,000,000 | 5,334,000,000 | 5,275,000,000 | 5,082,000,000 | 5,856,000,000 | 6,359,000,000 | 6,726,000,000 | 7,276,000,000 | 7,586,000,000 | 6,180,000,000 | 5,901,000,000 | 5,595,000,000 | 5,558,000,000 | 5,848,000,000 | 5,692,000,000 | 6,026,000,000 | 6,099,000,000 | 6,187,000,000 | 6,454,000,000 | 7,563,000,000 | 8,673,000,000 | 9,736,000,000 | 10,893,000,000 | |||||||||
short term debt | 1,261,000,000 | 961,000,000 | 908,000,000 | 814,000,000 | 839,000,000 | 393,000,000 | 122,000,000 | 141,000,000 | 37,000,000 | 35,000,000 | 47,000,000 | 87,000,000 | 87,000,000 | 132,000,000 | 17,000,000 | 149,000,000 | 181,000,000 | 213,000,000 | 194,000,000 | 192,000,000 | 156,000,000 | 185,000,000 | 330,000,000 | 3,000,000 | 1,278,000,000 | 1,061,000,000 | 687,000,000 | 850,000,000 | 974,000,000 | 854,000,000 | 270,000,000 | 19,000,000 | 88,000,000 | 88,000,000 | 1,206,000,000 | 6,000,000 | 197,000,000 | 647,000,000 | 62,000,000 | 23,000,000 | 18,000,000 | 273,000,000 | 258,000,000 | 262,000,000 | ||||||||||||
long term debt | 7,925,000,000 | 8,094,000,000 | 8,150,000,000 | 8,475,000,000 | 8,443,000,000 | 8,883,000,000 | 8,988,000,000 | 8,996,000,000 | 10,072,000,000 | 10,373,000,000 | 9,958,000,000 | 11,395,000,000 | 11,456,000,000 | 11,229,000,000 | 11,359,000,000 | 11,311,000,000 | 11,290,000,000 | 11,255,000,000 | 11,239,000,000 | 11,094,000,000 | 10,534,000,000 | 10,737,000,000 | 10,735,000,000 | 10,584,000,000 | 9,492,000,000 | 9,791,000,000 | 9,863,000,000 | 10,051,000,000 | 9,828,000,000 | 10,456,000,000 | 9,705,000,000 | 9,418,000,000 | 9,048,000,000 | 8,954,000,000 | 8,026,000,000 | 9,163,000,000 | 9,296,000,000 | 8,829,000,000 | 9,549,000,000 | 8,647,000,000 | 8,402,000,000 | 7,401,000,000 | 7,137,000,000 | 7,093,000,000 | ||||||||||||
issued – 236,321,095 and 236,159,866 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 42,037 and 41,102, less allowance for credit loss of 22 and 1 | 38,926,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,063 and 1,161 | 1,051,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 30 and 24 | 1,088,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 236,305,517 and 236,159,866 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 41,899 and 41,102, less allowance for credit loss of 2 and 1 | 39,349,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,082 and 1,161 | 1,057,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 24 and 24 | 1,093,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 236,270,711 and 236,159,866 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 41,102 and 39,952, less allowance for credit loss of 1 and 18 | 37,697,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,161 and 1,546 | 1,139,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 24 and 16 | 1,124,000,000 | 1,053,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 41,588 and 39,952, less allowance for credit loss of 3 and 18 | 37,504,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,581 and 1,546 | 1,340,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 248,665,240 and 248,467,051 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -3,803,000,000 | -2,510,000,000 | -1,251,000,000 | 327,000,000 | 34,000,000 | 581,000,000 | 238,000,000 | 5,000,000 | 17,000,000 | 3,000,000 | 32,000,000 | 144,000,000 | 119,000,000 | -23,000,000 | 53,000,000 | 298,000,000 | 638,000,000 | 807,000,000 | 563,000,000 | 20,000,000 | 566,000,000 | 746,000,000 | 654,000,000 | 735,000,000 | 581,000,000 | 294,000,000 | 1,017,000,000 | -3,229,000,000 | -1,974,000,000 | -1,101,000,000 | -983,000,000 | |||||||||||||||||||||||||
fixed maturities, amortized cost of 41,261 and 39,952, less allowance for credit loss of 5 and 18 | 39,431,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,545 and 1,546 | 1,364,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 16 and 16 | 1,048,000,000 | 1,070,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 248,622,439 and 248,467,051 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 40,928 and 39,952, less allowance for credit loss of 17 and 18 | 41,945,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,496 and 1,546 | 1,515,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 248,596,343 and 248,467,051 shares | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 39,952 and 38,963, less allowance for credit loss of 18 and 40 | 44,380,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,546 and 1,456 | 1,674,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 16 and 26 | 1,091,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 39,826 and 38,963, less allowance for credit loss of 45 and 40 | 44,910,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,496 and 1,456 | 1,663,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 26 and 26 | 1,101,000,000 | 1,144,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 269,514,991 and 269,360,973 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 39,293 and 38,963, less allowance for credit loss of 43 and 40 | 43,584,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,455 and 1,456 | 1,580,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 1,786,000,000 | 3,486,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 1,456,000,000 | 3,250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 269,472,042 and 269,360,973 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,963 and 38,157, less allowance for credit loss of 40 and 0 | 44,646,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,456 and 1,244 | 1,561,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 26 and 0 | 1,165,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31 | 2,020,000,000 | 2,018,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 269,360,973 and 291,210,222 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,979 and 38,157, less allowance for credit loss of 47 and 0 | 43,917,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,391 and 1,244 | 1,368,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 21 and 0 | 1,176,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 291,393,899 and 291,210,222 shares | 3,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,414 and 38,157, less allowance for credit loss of 51 and 0 | 42,799,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,349 and 1,244 | 1,305,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans, less allowance for credit loss of 20 and 0 | 1,125,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended march 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term investments and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment gains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
march 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for credit losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance as of december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to the allowance for credit losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impact of adopting asu 2016-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
for securities for which credit losses were not previously recorded | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
for available-for-sale securities accounted for as pcd assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reductions to the allowance for credit losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold during the period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intent to sell or more likely than not will be required to sell the security before recovery of its amortized cost basis | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total allowance for credit losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate and other bonds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset-backed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses recognized in earnings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,157 and 38,234 | 42,240,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,244 and 1,479 | 1,306,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets, primarily mortgage loans | 1,072,000,000 | 995,000,000 | 985,000,000 | 933,000,000 | 901,000,000 | 983,000,000 | 976,000,000 | 974,000,000 | 825,000,000 | 748,000,000 | 708,000,000 | 719,000,000 | 696,000,000 | 822,000,000 | 787,000,000 | 768,000,000 | 732,000,000 | 496,000,000 | 473,000,000 | 350,000,000 | 292,000,000 | |||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,287 and 38,234 | 42,489,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,315 and 1,479 | 1,317,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 312,550,764 and 312,169,189 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,045 and 38,234 | 41,663,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,385 and 1,479 | 1,367,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 312,528,502 and 312,169,189 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,985 and 38,234 | 40,602,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,376 and 1,479 | 1,326,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 312,435,202 and 312,169,189 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,234 and 38,861 | 39,699,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,479 and 1,177 | 1,293,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 312,169,189 and 332,487,815 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,237 and 38,861 | 39,819,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,306 and 1,177 | 1,267,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 332,739,088 and 332,487,815 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,568 and 38,861 | 40,441,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,320 and 1,177 | 1,305,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 332,684,645 and 332,487,815 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,830 and 38,861 | 41,100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,326 and 1,177 | 1,333,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 332,646,800 and 332,487,815 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 39,230 and 38,947 | 42,507,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 592 and 571 | 610,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 336,753,017 and 336,621,358 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,982 and 38,947 | 42,065,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 603 and 571 | 607,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 336,724,742 and 336,621,358 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,743 and 38,947 | 41,456,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 578 and 571 | 587,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 336,699,587 and 336,621,358 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,810 and 37,407 | 42,894,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 581 and 824 | 586,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 339,951,927 and 339,897,547 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,285 and 37,407 | 42,307,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 642 and 824 | 667,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 339,941,534 and 339,897,547 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,507 and 37,407 | 40,475,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 817 and 824 | 777,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 339,933,179 and 339,897,547 shares | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,690 and 37,469 | 40,301,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 978 and 733 | 885,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
policyholders’ funds | 27,000,000 | 27,000,000 | 26,000,000 | 127,000,000 | 154,000,000 | 167,000,000 | 169,000,000 | 176,000,000 | 166,000,000 | 165,000,000 | 164,000,000 | 177,000,000 | 217,000,000 | 253,000,000 | 454,000,000 | 582,000,000 | 859,000,000 | |||||||||||||||||||||||||||||||||||||||
issued – 373,211,389 and 372,934,540 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,321 and 37,469 | 39,954,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 783 and 733 | 756,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 373,203,709 and 372,934,540 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 36,997 and 37,469 | 40,708,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 672 and 733 | 644,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 373,194,344 and 372,934,540 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,631 and 39,426 | 40,804,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 765 and 881 | 754,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets | 702,000,000 | 665,000,000 | 649,000,000 | 220,000,000 | 213,000,000 | 133,000,000 | 98,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
assets of discontinued operations | 4,406,000,000 | 1,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
separate account business | 213,000,000 | 279,000,000 | 370,000,000 | 402,000,000 | 418,000,000 | 450,000,000 | 449,000,000 | 462,000,000 | 442,000,000 | 413,000,000 | 376,000,000 | 430,000,000 | 451,000,000 | 465,000,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities of discontinued operations | 3,946,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 387,493,404 and 387,210,096 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,346 and 39,426 | 40,585,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 825 and 881 | 864,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 387,476,248 and 387,210,096 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,031 and 39,426 | 39,511,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 813 and 881 | 805,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 387,454,185 and 387,210,096 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 39,261 and 38,324 | 41,376,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 862 and 893 | 841,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 392,351,798 and 392,054,766 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,668 and 38,324 | 42,912,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 709 and 893 | 691,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 392,242,941 and 392,054,766 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,041 and 37,466 | 41,498,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 899 and 902 | 889,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 396,879,276 and 396,585,226 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 38,171 and 37,466 | 41,173,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 962 and 902 | 1,026,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued–396,834,820 and 396,585,226 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,144 and 36,677 | 39,680,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 935 and 979 | 924,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 415,156,538 and 414,930,507 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,096 and 36,677 | 38,853,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 908 and 979 | 996,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 415,152,938 and 414,930,507 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,188 and 36,677 | 38,423,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 905 and 979 | 1,025,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 415,136,329 and 414,930,507 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 36,668 and 35,824 | 38,919,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 937 and 943 | 1,078,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 425,805,625 and 425,497,522 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 37,591 and 35,824 | 38,104,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 938 and 943 | 1,047,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 425,547,829 and 425,497,522 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 34,638 and 34,767 | 31,826,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 958 and 1,402 | 1,053,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments | 5,000,000 | 4,000,000 | 149,000,000 | 18,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
collateral on loaned securities and derivatives | 6,000,000 | 51,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances payable | 350,000,000 | 344,000,000 | 367,000,000 | 373,000,000 | 396,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 435,213,891 and 435,091,667 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 33,523 and 34,767 | 28,755,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,083 and 1,402 | 1,001,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other intangible assets | 875,000,000 | 1,358,000,000 | 1,357,000,000 | 1,354,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding – 435,159,670 and 435,091,667 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings retained in the business | 12,700,000,000 | 14,435,000,000 | 14,598,000,000 | 14,269,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 33,003 and 34,816 | 29,733,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,776 and 1,143 | 1,516,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collateral on loaned securities | 6,000,000 | 878,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 4,168,000,000 | 4,254,000,000 | 3,788,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.10 par value, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loews common stock, 0.01 par value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 436,402,567 and 529,683,628 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
former carolina group stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, at cost (314,000 shares of loews common stock at | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
september 30, 2008 and 340,000 shares of former carolina group stock at | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2007) | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 73,417,000,000 | 74,782,000,000 | 76,892,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 32,422 and 34,816 | 30,980,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 2,267 and 1,143 | 2,196,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding – 436,267,871 and 529,683,628 shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, amortized cost of 34,374 and 34,816 | 32,907,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, cost of 1,124 and 1,143 | 1,272,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding – 529,702,152 and 529,683,628 shares | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
carolina group stock, 0.01 par value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized – 600,000,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 108,816,929 and 108,799,141 shares | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, at cost (340,000 shares of carolina group stock as of march 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and december 31, 2007) | 8,000,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.