v3.25.3
Consolidated Balance Sheet (Unaudited at September 30, 2025) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Fixed maturities, available for sale, at fair value (amortized cost $93,598 and $88,277; allowance for expected credit losses of $4 and $2) $ 91,113 $ 83,666
Equity securities, at fair value (cost $506 and $544) 692 687
Real estate investments 888 902
Short-term securities 6,798 4,766
Other investments 4,193 4,202
Total investments 103,684 94,223
Cash (including restricted cash of $137 and $131) 729 699
Investment income accrued 776 752
Premiums receivable (net of allowance for expected credit losses of $58 and $58) 11,621 11,110
Reinsurance recoverables (net of allowance for estimated uncollectible reinsurance of $141 and $119) 8,298 8,000
Ceded unearned premiums 1,680 1,202
Deferred acquisition costs 3,691 3,494
Deferred taxes 1,035 1,762
Contractholder receivables (net of allowance for expected credit losses of $17 and $18) 3,098 3,171
Goodwill 4,271 4,233
Other intangible assets 342 360
Other assets 4,453 4,183
Total assets 143,678 133,189
Liabilities    
Claims and claim adjustment expense reserves 67,705 64,093
Unearned premium reserves 23,596 22,289
Contractholder payables 3,115 3,189
Payables for reinsurance premiums 946 550
Debt 9,267 8,033
Other liabilities 7,440 7,171
Total liabilities 112,069 105,325
Shareholders’ equity    
Common stock (1,750.0 shares authorized; 223.0 and 226.6 shares issued and outstanding) 25,817 25,452
Retained earnings 52,680 49,630
Accumulated other comprehensive loss (3,094) (4,967)
Treasury stock, at cost (570.1 and 564.3 shares) (43,794) (42,251)
Total shareholders’ equity 31,609 27,864
Total liabilities and shareholders’ equity $ 143,678 $ 133,189