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