v3.25.1
CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Investments:    
Fixed maturities, amortized cost of $44,741 and $44,196, less allowance for credit loss of $47 and $45 $ 42,723 $ 41,827
Equity securities, cost of $1,150 and $969 1,189 1,064
Limited partnership investments 2,572 2,520
Other invested assets, primarily mortgage loans, less allowance for credit loss of $35 and $35 1,155 1,113
Short-term investments 4,354 4,606
Total investments 51,993 51,130
Cash 560 541
Receivables 10,790 10,522
Property, plant and equipment 10,674 10,738
Goodwill 347 347
Deferred non-insurance warranty acquisition expenses 3,493 3,525
Deferred acquisition costs of insurance subsidiaries 999 959
Other assets 4,286 4,181
Total assets 83,142 81,943
Insurance reserves:    
Claim and claim adjustment expense 25,581 24,976
Future policy benefits 13,304 13,158
Unearned premiums 7,504 7,346
Total insurance reserves 46,389 45,480
Payable to brokers 206 110
Short-term debt 505 5
Long-term debt 8,441 8,939
Deferred income taxes 613 550
Deferred non-insurance warranty revenue 4,488 4,530
Other liabilities 4,466 4,392
Total liabilities 65,108 64,006
Commitments and contingent liabilities
Shareholders' equity:    
Preferred stock
Common stock 2 2
Additional paid-in capital 2,451 2,490
Retained earnings 16,821 16,459
Accumulated other comprehensive loss (1,685) (1,867)
Shareholders' equity before treasury stock, total 17,589 17,084
Less treasury stock, at cost (4,682,891 and 212,251 shares) (398) (18)
Total shareholders’ equity 17,191 17,066
Noncontrolling interests 843 871
Total equity 18,034 17,937
Total liabilities and equity $ 83,142 $ 81,943