v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Investments:    
Fixed maturities, AFS, at fair value (amortized cost of $48,913 and $46,871, and ACL of $19 and $16) $ 45,902 $ 46,041
Fixed maturities, at fair value using the fair value option ("FVO Securities") 123 168
Equity securities, at fair value [1] 535 422
Mortgage loans (net of ACL of $49 and $49) 7,181 6,837
Limited partnerships and other alternative investments 6,363 5,804
Other investments 226 218
Short-term investments 4,390 4,004
Total investments 64,720 63,494
Cash 123 122
Restricted cash 55 44
Accrued Investment Income Receivable 512 473
Premiums receivable and agents' balances (net of ACL of $165 and $142) 6,769 6,316
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $72 and $69) 5,601 7,191
Deferred policy acquisition costs 1,493 1,347
Deferred income taxes, net 1,427 937
Goodwill 1,639 1,639
Property and equipment, net 864 924
Other intangible assets, net 504 556
Other assets 2,473 2,122
Assets held for sale 961 864
Total assets 87,141 86,029
Liabilities    
Unpaid losses and loss adjustment expenses 47,714 46,268
Other policyholder funds and benefits payable 602 612
Unearned premiums 10,806 10,053
Long-term debt 4,375 4,371
Other liabilities 4,127 5,126
Liabilities held for sale 223 176
Total liabilities 68,268 67,050
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 2026 and December 31, 2025, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 3 3
Additional paid-in capital 524 549
Retained earnings 27,710 24,739
Treasury Stock, Value (5,855) (4,589)
Accumulated other comprehensive income (loss) ("AOCI"), net of tax (3,843) (2,057)
Total stockholders’ equity 18,873 18,979
Total liabilities and stockholders’ equity $ 87,141 $ 86,029