Fundamentals - Annual Balance Sheet

Assets:  
December 312017 2016
(Dollar amounts in millions, except per share data)  
Investments:  
   Fixed maturities, amortized cost of $38,861 and $38,947$42,133 $41,494
   Equity securities, cost of $1,177 and $5711,224 549
   Limited partnership investments3,278 3,220
   Other invested assets, primarily mortgage loans945 683
   Short term investments4,646 4,765
   Total investments52,226 50,711
Cash472 327
Receivables7,613 7,644
Property, plant and equipment15,427 15,230
Goodwill659 346
Other assets2,555 1,736
Deferred acquisition costs of insurance subsidiaries634 600
Total assets$79,586 $76,594
    
Liabilities and Equity:  
December 312017 2016
(Dollar amounts in millions, except per share data)  
Insurance reserves:  
   Claim and claim adjustment expense$22,004 $22,343
   Future policy benefits11,179 10,326
   Unearned premiums4,029 3,762
Total insurance reserves37,212 36,431
   
Payable to brokers60 150
Short term debt280 110
Long term debt11,253 10,668
Deferred income taxes749 636
Other liabilities5,466 5,238
   Total liabilities55,020 53,233
   
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 - 332,487,815 and 336,621,358 shares33
   Additional paid-in capital3,151 3,187
   Retained earnings16,096 15,196
   Accumulated other comprehensive loss(26) (223)
   Total shareholders' equity19,224 18,163
   Less treasury stock, at cost (400,000 shares)(20)
   Total shareholders' equity19,20418,163
   Noncontrolling interests5,362 5,198
   Total equity24,566 23,361
Total liabilities and equity$79,586 $76,594
    
For complete copies of our financial results, please refer to our SEC Filings