Fundamentals - Annual Balance Sheet

Assets:
December 31	2019	2018
(Dollar amounts in millions, except per share data)
Investments:
Fixed maturities, amortized cost of $38,157 and $38,234	$42,240	$39,699
Equity securities, cost of $1,244 and $1,479	1,306	1,293
Limited partnership investments	2,004	2,424
Other invested assets, primarily mortgage loans	1,072	901
Short term investments	4,628	3,869
Total investments	51,250	48,186
Cash	336	405
Receivables	7,675	7,960
Property, plant and equipment	15,568	15,511
Goodwill	767	665
Deferred non-insurance warranty acquisition expenses	2,840	2,513
Deferred acquisition costs of insurance subsidiaries	662	633
Other assets	3,145	2,443
Total assets	$82,243	$78,316

Liabilities and Equity:
December 31
(Dollar amounts in millions, except per share data)
Insurance reserves:
Claim and claim adjustment expense	$21,720	$21,984
Future policy benefits	12,311	10,597
Unearned premiums	4,583	4,183
Total insurance reserves	38,614	36,764

Payable to brokers	108	42
Short term debt	77	17
Long term debt	11,456	11,359
Deferred income taxes	1,168	841
Deferred non-insurance warranty revenue	3,779	3,402
Other liabilities	5,111	4,505
Total liabilities	60,313	56,930

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 - 291,210,222 and 312,169,189 shares	3	3
Additional paid-in capital	3,374	3,627
Retained earnings	15,823	15,773
Accumulated other comprehensive loss	(68)	(880)
	19,132	18,523
Less treasury stock, at cost (100,000 and 400,000 shares)	(13)	(5)
Total shareholders' equity	19,119	18,518
Noncontrolling interests	2,811	2,868
Total equity	21,930	21,386
Total liabilities and equity	$82,243	$78,316

For complete copies of our financial results, please refer to our SEC Filings