Fundamentals - Annual Balance Sheet
Income Statement | Balance Sheet | Cash Flow | Trading Statistics

December 3120142013
(Dollar amounts in millions, except per share data)  
   Fixed maturities, amortized cost of $37,469 and $39,426$40,885$41,320
   Equity securities, cost of $733 and $881728871
   Limited partnership investments3,6743,420
   Other invested assets, primarily mortgage loans731562
   Short term investments6,0146,772
   Total investments52,03252,945
Property, plant and equipment15,61113,524
Assets of discontinued operations 1,041
Other assets1,6161,635
Deferred acquisition costs of insurance subsidiaries600624
Separate account business 181
Total assets$78,367$79,939
Liabilities and Equity:  
December 3120142013
(Dollar amounts in millions, except per share data)  
Insurance reserves:  
   Claim and claim adjustment expense$23,271$24,089
   Future policy benefits9,49010,471
   Unearned premiums3,5923,718
   Policyholders' funds27116
Total insurance reserves36,38038,394
Payable to brokers673134
Short term debt335819
Long term debt10,3339,525
Deferred income taxes893716
Liabilities of discontinued operations 632
Other liabilities5,1034,632
Separate account business  181
   Total liabilities53,71755,033
Commitments and contingent liabilities  
Shareholders' equity:  
   Preferred stock, $0.10 par value:  
      Authorized - 100,000,000 shares  
   Common stock, $0.01 par value:  
      Authorized - 1,800,000,000 shares  
      Issued and outstanding - 372,934,540 and 387,210,096 shares44
   Additional paid-in capital3,4813,607
   Retained earnings15,51515,508
   Accumulated other comprehensive income280339
   Total shareholders' equity19,28019,458
   Noncontrolling interests5,3705,448
   Total equity24,65024,906
Total liabilities and equity$78,367$79,939
For complete copies of our financial results, please refer to our SEC Filings