(Statutory Basis)
December 31, 2010 and 2009
(In millions)
Admitted Assets | 2010 | 2009 | |
---|---|---|---|
Bonds, at amortized cost | $ | 18,382 | 19,275 |
Real estate | 384 | 385 | |
Cash, cash equivalents, and short-term investments |
1,027 | 467 | |
Receivables for securities | 3 | 3 | |
Total cash and investments | 19,796 | 20,130 | |
Premiums in the course of collection | 28 | 34 | |
Deferred, earned but unbilled, and accrued retrospective premiums | 36 | 38 | |
Reinsurance recoverables | 8 | 3 | |
Accrued interest and dividends | 161 | 173 | |
Guaranty fund receivables | 123 | 144 | |
Due from adjusting contracts | 33 | 45 | |
Other assets | 87 | 106 | |
Total admitted assets | $ | 20,272 | 20,673 |
Liabilities and Policyholders' Surplus | 2010 | 2009 | |
---|---|---|---|
Losses and loss adjustment expenses reserves | $ | 14,375 | 14,967 |
Unearned premiums | 69 | 84 | |
Guaranty fund assessments liability | 7 | 8 | |
Amounts held in trust liability | 50 | 48 | |
Other liabilities | 305 | 317 | |
Total liabilities | 14,806 | 15,424 | |
Special surplus for retroactive reinsurance | 576 | 576 | |
Unassigned surplus | 4,890 | 4,673 | |
Policyholders' surplus | 5,466 | 5,249 | |
Total liabilities and policyholders' surplus | $ | 20,272 | 20,673 |