Table of Contents CNA Financial Corporation Consolidated Balance Sheets December 31 (In millions, except share data) 2019 2018 Assets Investments: Fixed maturity securities at fair value (amortized cost of $38,126 and $38,085) $ 42,207 $ 39,546 Equity securities at fair value (cost of $820 and $844) 865 780 Limited partnership investments 1,752 1,982 Other invested assets 65 53 Mortgage loans 994 839 Short term investments 1,861 1,286 Total investments 47,744 44,486 Cash 242 310 Reinsurance receivables (less allowance for uncollectible receivables of $25 and $29) 4,179 4,426 Insurance receivables (less allowance for uncollectible receivables of $32 and $42) 2,449 2,323 Accrued investment income 395 391 Deferred acquisition costs 662 633 Deferred income taxes 199 392 Property and equipment at cost (less accumulated depreciation of $215 and $216) 282 324 Goodwill 147 146 Deferred non-insurance warranty acquisition expense 2,840 2,513 Other assets (includes $21 and $8 due from Loews Corporation) 1,473 1,208 Total assets $ 60,612 $ 57,152 Liabilities Insurance reserves: Claim and claim adjustment expenses $ 21,720 $ 21,984 Unearned premiums 4,583 4,183 Future policy benefits 12,311 10,597 Long term debt 2,679 2,680 Deferred non-insurance warranty revenue 3,779 3,402 Other liabilities (includes $21 and $23 due to Loews Corporation) 3,325 3,089 Total liabilities 48,397 45,935 Commitments and contingencies (Notes B and F) Stockholders' Equity Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 271,412,591 and 271,456,978 shares outstanding) 683 683 Additional paid-in capital 2,203 2,192 Retained earnings 9,348 9,277 Accumulated other comprehensive income (loss) 51 (878 ) Treasury stock (1,627,652 and 1,583,265 shares), at cost (70) (57) Total stockholders’ equity 12,215 11,217 Total liabilities and stockholders' equity $ 60,612 $ 57,152 The accompanying Notes are an integral part of these Consolidated Financial Statements. 55