Fundamentals - Annual Balance Sheet

Assets:

 

 

December 31

2020

2019

(In millions, except per share data)

 

 

Investments:

 

 

   Fixed maturities, amortized cost of $38,963 and $38,157, less  

     allowance for credit loss of $40 and $0

 

$44,646

 

$42,240

   Equity securities, cost of $1,456 and $1,244

1,561

1,306

   Limited partnership investments

1,798

2,004

   Other invested assets, primarily mortgage loans, less allowance for

     credit loss of $26 and $0

 

1,165

 

1,072

   Short term investments

4,674

4,628

      Total investments

53,844

51,250

Cash

478

336

Receivables

7,833

7,675

Property, plant and equipment

10,451

15,568

Goodwill

785

767

Deferred non-insurance warranty acquisition expenses

3,068

2,840

Deferred acquisition costs of insurance subsidiaries

708

662

Other assets

3,069

3,145

Total assets

$80,236

$82,243

 

 

 

Liabilities and Equity:

 

 

December 31

 

 

(Dollar amounts in millions, except per share data)

 

 

Insurance reserves:

 

 

   Claim and claim adjustment expense

$22,706

$21,720

   Future policy benefits

13,318

12,311

   Unearned premiums

5,119

4,583

      Total insurance reserves

41,143

38,614

 

 

 

Payable to brokers

92

108

Short term debt

37

77

Long term debt

10,072

11,456

Deferred income taxes

1,065

1,168

Deferred non-insurance warranty revenue

4,023

3,779

Other liabilities

4,623

5,111

   Total liabilities

61,055

60,313

 

 

 

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 – 269,360,973 and 291,210,222 shares

3

3

   Additional paid-in capital

3,133

3,374

   Retained earnings

14,150

15,823

   Accumulated other comprehensive income (loss)

581

(68)

 

17,867

19,132

   Less treasury stock, at cost (150,000 and 240,000 shares)

(7)

(13)

   Total shareholders' equity

17,860

19,119

   Noncontrolling interests

1,321

2,811

   Total equity

19,181

21,930

Total liabilities and equity

$80,236

$82,243

 

 

 

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