December 31,
$ in millions 1999   1998
    Assets  
    Investments $69,645   $66,525
    Premium installment receivables, net 3,927   3,082
    Deferred policy acquisition costs 4,119   3,096
    Reinsurance recoverables, net 2,209   1,932
    Accrued investment income 812   751
    Property and equipment, net 916   803
    Cash 254   258
    Deferred income taxes 211  
    Other assets 2,169   1,146
    Separate Accounts 13,857   10,098
        Total assets $98,119   $87,691
           
    Liabilities      
    Insurance reserves $25,411   $24,482
    Contractholder funds 25,199   21,133
    Unearned premiums 7,671   6,425
    Claim payments outstanding 860   778
    Other liabilities and accrued expenses 4,705   4,578
    Deferred income taxes   461
    Debt 2,851   1,746
    Separate Accounts 13,857   10,098
        Total liabilities   80,554   68,701
           
    Mandatorily redeemable preferred securities of subsidiary trusts 964   750
           
        Total shareholders’ equity 16,601   17,240
           
        Total liabilities and shareholders’ equity $98,119   $87,691

  >For more detailed information see proxy statement.

 

 

Annual Report Home Highlights Letter Financial Data Shareholder Info Contact Us