Fundamentals - Annual Balance Sheet

Assets:

 

 

December 31

2021

2020

(In millions, except per share data)

 

 

Investments:

 

 

   Fixed maturities, amortized cost of $39,952 and $38,963, less

    allowance for credit loss of $18 and $40

 

$44,380

 

$44,646

   Equity securities, cost of $1,546 and $1,456

1,674

1,561

   Limited partnership investments

1,933

1,798

   Other invested assets, primarily mortgage loans, less allowance for

     credit loss of $16 and $26

 

1,091

 

1,165

   Short term investments

4,860

4,674

      Total investments

53,938

53,844

Cash

621

478

Receivables

9,273

7,833

Property, plant and equipment

9,888

10,451

Goodwill

349

785

Deferred non-insurance warranty acquisition expenses

3,476

3,068

Deferred acquisition costs of insurance subsidiaries

737

708

Other assets

3,344

3,069

Total assets

$81,626

$80,236

 

 

 

Liabilities and Equity:

 

 

December 31

 

 

(Dollar amounts in millions, except per share data)

 

 

Insurance reserves:

 

 

   Claim and claim adjustment expense

$24,174

$22,706

   Future policy benefits

13,236

13,318

   Unearned premiums

5,761

5,119

      Total insurance reserves

43,171

41,143

 

 

 

Payable to brokers

90

92

Short term debt

93

37

Long term debt

8,986

10,072

Deferred income taxes

1,079

1,065

Deferred non-insurance warranty revenue

4,503

4,023

Other liabilities

4,529

4,623

   Total liabilities

62,451

61,055

 

 

 

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 – 248,467,051 and 269,360,973 shares

2

3

   Additional paid-in capital

2,885

3,133

   Retained earnings

14,776

14,150

   Accumulated other comprehensive income

186

581

 

17,849

17,867

   Less treasury stock, at cost (50,000 and 150,000 shares)

(3)

(7)

   Total shareholders' equity

17,846

17,860

   Noncontrolling interests

1,329

1,321

   Total equity

19,175

19,181

Total liabilities and equity

$81,626

$80,236

 

 

 

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