Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 1,890	$ 2,107
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $35,445 and $33,735)	36,456	34,544
Fixed maturities, trading at fair value	359	359
Equity securities, available for sale at fair value (cost — $1,356 and $1,351)	1,579	1,502
Equity securities, trading at fair value	58	56
Mortgage loans	1,159	1,147
Policy loans	190	192
Equity index call options	573	492
Real estate and other investments	1,086	1,034
Total cash and investments	43,350	41,433
Recoverables from reinsurers	2,735	2,737
Prepaid reinsurance premiums	533	539
Agents’ balances and premiums receivable	989	997
Deferred policy acquisition costs	1,205	1,239
Assets of managed investment entities	5,331	4,765
Other receivables	875	908
Variable annuity assets (separate accounts)	614	600
Other assets	1,633	1,655
Goodwill	199	199
Total assets	57,464	55,072
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	8,621	8,563
Unearned premiums	2,174	2,171
Annuity benefits accumulated	31,002	29,907
Life, accident and health reserves	687	691
Payable to reinsurers	621	634
Liabilities of managed investment entities	5,101	4,549
Long-term debt	1,283	1,283
Variable annuity liabilities (separate accounts)	614	600
Other liabilities	2,166	1,755
Total liabilities	52,269	50,153
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 87,591,671 and 86,924,399 shares outstanding	88	87
Capital surplus	1,138	1,111
Retained earnings	3,466	3,343
Accumulated other comprehensive income, net of tax	499	375
Total shareholders’ equity	5,191	4,916
Noncontrolling interests	4	3
Total equity	5,195	4,919
Total liabilities and equity	$ 57,464	$ 55,072