v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Investments:    
Fixed maturity securities at fair value (amortized cost of $44,726 and $43,481, less allowance for credit loss of $51 and $45) $ 42,799 $ 41,111
Equity securities at fair value (cost of $684 and $632) 727 659
Limited partnership investments 2,667 2,520
Other invested assets 88 85
Mortgage loans (less allowance for credit loss of $40 and $35) 1,040 1,019
Short-term investments 1,727 2,088
Total investments 49,048 47,482
Cash 373 472
Reinsurance receivables (less allowance for uncollectible receivables of $22 and $21) 6,417 6,051
Insurance receivables (less allowance for uncollectible receivables of $27 and $26) 4,062 3,671
Accrued investment income 461 451
Deferred acquisition costs 1,021 959
Deferred income taxes 759 850
Property and equipment at cost (less accumulated depreciation of $338 and $314) 297 295
Goodwill 148 145
Deferred non-insurance warranty acquisition expense 3,441 3,525
Other assets 2,909 2,591
Total assets 68,936 66,492
Insurance reserves:    
Claim and claim adjustment expenses 26,203 24,976
Unearned premiums 7,890 7,346
Future policy benefits 13,329 13,158
Short-term debt 500 0
Long-term debt 2,475 2,973
Deferred non-insurance warranty revenue 4,421 4,530
Other liabilities (includes $24 and $47 due to Loews Corporation) 3,457 2,996
Total liabilities 58,275 55,979
Commitments and contingencies (Notes C and G)  
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 270,628,038 and 270,844,681 shares outstanding) 683 683
Additional paid-in capital 2,213 2,229
Retained earnings 9,460 9,686
Accumulated other comprehensive loss (1,586) (1,991)
Treasury stock (2,412,205 and 2,195,562 shares), at cost (109) (94)
Total stockholders’ equity 10,661 10,513
Total liabilities and stockholders' equity $ 68,936 $ 66,492