33
Consolidated Balance Sheets
As of December 31,
(In millions, except for share data) 2001 2000
Assets
Investments
Fixed maturities, available for sale, at fair value 
(amortized cost of $39,154 and $33,856) $ 40,046 $ 34,492
Equity securities, available for sale, at fair value (cost of $1,289 and $921) 1,349 1,056
Policy loans, at outstanding balance 3,317 3,610
Other investments 1,977 1,511
Total investments 46,689 40,669
Cash 353 227
Premiums receivable and agents’ balances 2,432 2,295
Reinsurance recoverables 5,162 4,579
Deferred policy acquisition costs and present value of future proﬁts 6,420 5,305
Deferred income tax 693 682
Goodwill 1,694 1,202
Other assets 3,075 2,519
Separate account assets 114,720 114,054
Total assets $ 181,238 $ 171,532
Liabilities
Future policy beneﬁts, unpaid claims and claim adjustment expenses
Property & Casualty $ 16,678 $ 15,874
Life 8,819 7,105
Other policyholder funds and beneﬁts payable 19,355 15,848
Unearned premiums 3,436 3,093
Short-term debt 599 235
Long-term debt 1,965 1,862
Company obligated mandatorily redeemable preferred securities of 
subsidiary trusts holding solely junior subordinated debentures 1,412 1,243
Other liabilities 5,241 4,754
Separate account liabilities 114,720 114,054
Total liabilities 172,225 164,068
Stockholders’ Equity
Common stock—authorized 400,000,000, issued 248,477,367 and 
238,645,675 shares, par value $0.01 2 2
Additional paid-in capital 2,362 1,686
Retained earnings 6,152 5,887
Treasury stock, at cost — 2,941,340 and 12,355,414 shares (37) (480)
Accumulated other comprehensive income 534 369
Total stockholders’ equity 9,013 7,464
Total liabilities and stockholders’ equity $ 181,238 $ 171,532
For additional information, see the Company’s Annual Report on Form 10-K.