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Consolidated Balance Sheet (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 2,116 $ 1,639
Investments:    
Fixed maturities, available for sale at fair value (amortized cost — $27,287 and $25,366) 28,988 26,456
Fixed maturities, trading at fair value 343 305
Equity securities, at fair value (cost — $1,238 and $987) 1,473 1,179
Mortgage loans 920 781
Policy loans 233 238
Real estate and other investments 770 715
Total cash and investments 34,843 31,313
Recoverables from reinsurers 3,107 3,157
Prepaid reinsurance premiums 489 408
Agents’ balances and premiums receivable 902 739
Deferred policy acquisition costs 806 975
Assets of managed investment entities 2,799 2,888
Other receivables 527 854
Variable annuity assets (separate accounts) 681 665
Other assets 1,001 903
Goodwill 200 185
Total assets 45,355 42,087
Liabilities and Equity:    
Unpaid losses and loss adjustment expenses 7,370 6,410
Unearned premiums 1,911 1,757
Annuity benefits accumulated 22,516 20,944
Life, accident and health reserves 2,082 2,008
Payable to reinsurers 445 508
Liabilities of managed investment entities 2,499 2,567
Long-term debt 912 913
Variable annuity liabilities (separate accounts) 681 665
Other liabilities 1,781 1,546
Total liabilities 40,197 37,318
Shareholders’ equity:    
Common Stock, no par value — 200,000,000 shares authorized — 89,618,434 and 89,513,386 shares outstanding 90 90
Capital surplus 1,152 1,123
Retained earnings:    
Appropriated — managed investment entities 31 49
Unappropriated 2,913 2,777
Accumulated other comprehensive income, net of tax 799 560
Total shareholders’ equity 4,985 4,599
Noncontrolling interests 173 170
Total equity 5,158 4,769
Total liabilities and equity $ 45,355 $ 42,087