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

Assets:  
December 3120122011
(Dollar amounts in millions, except per share data)  
Investments:  
   Fixed maturities, amortized cost of $38,324 and $37,466$42,765 $40,040
   Equity securities, cost of $893 and $902898 927
   Limited partnership investments3,090 2,711
   Other invested assets, primarily mortgage loans460 245
   Short term investments5,835 5,105
Total investments53,048 49,028
Cash228129
Receivables9,366 9,259
Property, plant and equipment13,935 13,618
Goodwill996 908
Other assets1,538 1,357
Deferred acquisition costs of insurance subsidiaries598 552
Separate account business312 417
Total assets$80,021 $75,268
    
Liabilities and Equity:  
December 3120122011
(Dollar amounts in millions, except per share data)  
Insurance reserves:  
   Claim and claim adjustment expense$24,763 $24,303
   Future policy benefits11,475 9,810
   Unearned premiums3,610 3,250
   Policyholders' funds157 191
   Total insurance reserves40,005 37,554
   
Payable to brokers205 162
Short term debt19 88
Long term debt9,191 8,913
Deferred incomes taxes840 622
Other liabilities4,773 4,309
Separate account business312 417
   Total liabilities55,345 52,065
   
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 392,054,766 and 396,585,226 shares4 4
   Additional paid-in capital3,595 3,494
   Retained earnings15,192 14,890
   Accumulated other comprehensive income678384
 19,469 18,772
   Less treasury stock, at cost (249,600 shares)(10)  
   Total shareholders' equity19,459 18,772
   Noncontrolling interests5,217 4,431
   Total equity24,676 23,203
Total liabilities and equity$80,021 $75,268
    
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For complete copies of our financial results, please refer to our SEC Filings