Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Assets:
Cash and cash equivalents	$ 1,231	$ 1,220
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $32,749 and $31,565)	33,921	32,284
Fixed maturities, trading at fair value	249	254
Equity securities, available for sale at fair value (cost — $1,475 and $1,469)	1,536	1,553
Equity securities, trading at fair value	112	166
Mortgage loans	1,097	1,067
Policy loans	198	201
Real estate and other investments	1,093	991
Total cash and investments	39,437	37,736
Recoverables from reinsurers	2,561	2,636
Prepaid reinsurance premiums	475	480
Agents’ balances and premiums receivable	936	937
Deferred policy acquisition costs	1,055	1,184
Assets of managed investment entities	3,906	4,047
Other receivables	693	820
Variable annuity assets (separate accounts)	595	608
Other assets	1,181	1,190
Goodwill	199	199
Total assets	51,038	49,837
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	8,108	8,127
Unearned premiums	2,051	2,060
Annuity benefits accumulated	27,812	26,622
Life, accident and health reserves	708	705
Payable to reinsurers	501	591
Liabilities of managed investment entities	3,656	3,781
Long-term debt	998	998
Variable annuity liabilities (separate accounts)	595	608
Other liabilities	1,672	1,575
Total liabilities	46,101	45,067
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 86,966,290 and 87,474,452 shares outstanding	87	87
Capital surplus	1,218	1,214
Retained earnings	3,002	2,987
Accumulated other comprehensive income, net of tax	448	304
Total shareholders’ equity	4,755	4,592
Noncontrolling interests	182	178
Total equity	4,937	4,770
Total liabilities and equity	$ 51,038	$ 49,837