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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Assets:    
Cash and cash equivalents $ 1,216 $ 1,343
Investments:    
Fixed maturities, available for sale at fair value (amortized cost — $31,005 and $29,074) 32,260 30,734
Fixed maturities, trading at fair value 279 266
Equity securities, available for sale at fair value (cost — $1,332 and $1,283) 1,535 1,501
Equity securities, trading at fair value 169 195
Mortgage loans 1,054 1,117
Policy loans 223 228
Real estate and other investments 908 826
Total cash and investments 37,644 36,210
Recoverables from reinsurers 3,075 3,238
Prepaid reinsurance premiums 499 469
Agents’ balances and premiums receivable 959 889
Deferred policy acquisition costs 965 821
Assets of managed investment entities 3,629 3,108
Other receivables 660 910
Variable annuity assets (separate accounts) 655 662
Other assets 1,137 1,027
Goodwill 201 201
Total assets 49,424 47,535
Liabilities and Equity:    
Unpaid losses and loss adjustment expenses 7,744 7,872
Unearned premiums 2,004 1,956
Annuity benefits accumulated 25,203 23,764
Life, accident and health reserves 2,156 2,175
Payable to reinsurers 511 645
Liabilities of managed investment entities 3,309 2,819
Long-term debt 1,024 1,061
Variable annuity liabilities (separate accounts) 655 662
Other liabilities 1,834 1,527
Total liabilities 44,440 42,481
Shareholders’ equity:    
Common Stock, no par value — 200,000,000 shares authorized — 87,540,412 and 87,708,793 shares outstanding 88 88
Capital surplus 1,183 1,152
Retained earnings:    
Appropriated — managed investment entities 0 (2)
Unappropriated 2,968 2,914
Accumulated other comprehensive income, net of tax 563 727
Total shareholders’ equity 4,802 4,879
Noncontrolling interests 182 175
Total equity 4,984 5,054
Total liabilities and equity $ 49,424 $ 47,535