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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Assets:    
Cash and cash equivalents $ 894 $ 1,343
Investments:    
Fixed maturities, available for sale at fair value (amortized cost — $31,868 and $29,074) 33,114 30,734
Fixed maturities, trading at fair value 269 266
Equity securities, available for sale at fair value (cost — $1,590 and $1,283) 1,658 1,501
Equity securities, trading at fair value 173 195
Mortgage loans 994 1,117
Policy loans 221 228
Real estate and other investments 809 826
Total cash and investments 38,132 36,210
Recoverables from reinsurers 3,151 3,238
Prepaid reinsurance premiums 604 469
Agents’ balances and premiums receivable 976 889
Deferred policy acquisition costs 993 821
Assets of managed investment entities 3,613 3,108
Other receivables 1,241 910
Variable annuity assets (separate accounts) 595 662
Other assets 1,051 1,027
Goodwill 201 201
Total assets 50,557 47,535
Liabilities and Equity:    
Unpaid losses and loss adjustment expenses 8,061 7,872
Unearned premiums 2,238 1,956
Annuity benefits accumulated 26,026 23,764
Life, accident and health reserves 2,159 2,175
Payable to reinsurers 724 645
Liabilities of managed investment entities 3,287 2,819
Long-term debt 880 1,061
Variable annuity liabilities (separate accounts) 595 662
Other liabilities 1,681 1,527
Total liabilities 45,651 42,481
Shareholders’ equity:    
Common Stock, no par value — 200,000,000 shares authorized — 87,327,172 and 87,708,793 shares outstanding 87 88
Capital surplus 1,195 1,152
Retained earnings:    
Appropriated — managed investment entities 0 (2)
Unappropriated 2,981 2,914
Accumulated other comprehensive income, net of tax 461 727
Total shareholders’ equity 4,724 4,879
Noncontrolling interests 182 175
Total equity 4,906 5,054
Total liabilities and equity $ 50,557 $ 47,535