v3.25.2
Consolidated Balance Sheet (Unaudited at June 30, 2025) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Fixed maturities, available for sale, at fair value (amortized cost $91,406 and $88,277; allowance for expected credit losses of $4 and $2) $ 87,569 $ 83,666
Equity securities, at fair value (cost $505 and $544) 651 687
Real estate investments 891 902
Short-term securities 4,748 4,766
Other investments 4,206 4,202
Total investments 98,065 94,223
Cash (including restricted cash of $138 and $131) 659 699
Investment income accrued 785 752
Premiums receivable (net of allowance for expected credit losses of $61 and $58) 12,042 11,110
Reinsurance recoverables (net of allowance for estimated uncollectible reinsurance of $127 and $119) 8,059 8,000
Ceded unearned premiums 1,692 1,202
Deferred acquisition costs 3,667 3,494
Deferred taxes 1,630 1,762
Contractholder receivables (net of allowance for expected credit losses of $17 and $18) 3,095 3,171
Goodwill 4,283 4,233
Other intangible assets 348 360
Other assets 4,548 4,183
Total assets 138,873 133,189
Liabilities    
Claims and claim adjustment expense reserves 66,941 64,093
Unearned premium reserves 23,288 22,289
Contractholder payables 3,112 3,189
Payables for reinsurance premiums 987 550
Debt 8,034 8,033
Other liabilities 6,993 7,171
Total liabilities 109,355 105,325
Shareholders’ equity    
Common stock (1,750.0 shares authorized; 225.1 and 226.6 shares issued and outstanding) 25,728 25,452
Retained earnings 51,041 49,630
Accumulated other comprehensive loss (4,085) (4,967)
Treasury stock, at cost (567.8 and 564.3 shares) (43,166) (42,251)
Total shareholders’ equity 29,518 27,864
Total liabilities and shareholders’ equity $ 138,873 $ 133,189