v3.26.1
Consolidated Balance Sheet (Unaudited at March 31, 2026) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Fixed maturities, available for sale, at fair value (amortized cost $93,742 and $91,717; allowance for expected credit losses of $3 and $3) $ 90,736 $ 89,833
Equity securities, at fair value (cost $428 and $457) 591 618
Real estate investments 899 900
Short-term securities 6,660 5,716
Other investments 4,092 4,115
Total investments 102,978 101,182
Cash (including restricted cash of $134 and $132) 615 842
Investment income accrued 801 877
Premiums receivable (net of allowance for expected credit losses of $60 and $58) 11,423 10,992
Reinsurance recoverables (net of allowance for estimated uncollectible reinsurance of $130 and $129) 7,988 7,886
Ceded unearned premiums 1,877 1,283
Deferred acquisition costs 3,587 3,518
Deferred taxes 1,101 887
Contractholder receivables (net of allowance for expected credit losses of $14 and $16) 3,051 3,010
Goodwill 4,060 4,066
Other intangible assets 331 336
Other assets 4,497 4,279
Assets held for sale   4,550
Total assets 142,309 143,708
Liabilities    
Claims and claim adjustment expense reserves 66,912 65,737
Unearned premium reserves 22,772 22,431
Contractholder payables 3,065 3,026
Payables for reinsurance premiums 1,123 529
Debt 9,268 9,267
Other liabilities 7,183 7,282
Liabilities held for sale   2,542
Total liabilities 110,323 110,814
Shareholders’ equity    
Common stock (1,750.0 shares authorized; 212.6 and 217.5 shares issued and outstanding) 26,092 25,910
Retained earnings 56,404 54,931
Accumulated other comprehensive loss (3,078) (2,500)
Treasury stock, at cost (582.5 and 575.9 shares) (47,432) (45,447)
Total shareholders’ equity 31,986 32,894
Total liabilities and shareholders’ equity $ 142,309 $ 143,708