Fundamentals - Annual Balance Sheet

Assets:  
December 312016 2015
(Dollar amounts in millions, except per share data)  
Investments:  
   Fixed maturities, amortized cost of $38,947 and $37,407$41,494 $39,701
   Equity securities, cost of $571 and $824549 752
   Limited partnership investments3,220 3,313
   Other invested assets, primarily mortgage loans683 824
   Short term investments4,765 4,810
   Total investments50,711 49,400
Cash327 440
Receivables7,644 8,041
Property, plant and equipment15,230 15,477
Goodwill346 351
Other assets1,736 1,699
Deferred acquisition costs of insurance subsidiaries600 598
Total assets$76,594 $76,006
    
Liabilities and Equity:  
December 312016 2015
(Dollar amounts in millions, except per share data)  
Insurance reserves:  
   Claim and claim adjustment expense$22,343 $22,663
   Future policy benefits10,326 10,152
   Unearned premiums3,762 3,671
Total insurance reserves36,431 36,486
   
Payable to brokers150 567
Short term debt110 1,040
Long term debt10,668 9,520
Deferred income taxes636 382
Other liabilities5,238 5,201
   Total liabilities53,233 53,196
   
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 - 336,621,358 and 339,897,547 shares33
   Additional paid-in capital3,187 3,184
   Retained earnings15,196 14,731
   Accumulated other comprehensive loss(223) (357)
   Total shareholders' equity18,163 17,561
   Noncontrolling interests5,198 5,249
   Total equity23,361 22,810
Total liabilities and equity$76,594 $76,006
    
For complete copies of our financial results, please refer to our SEC Filings