Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Assets:
Cash and cash equivalents	$ 1,810	$ 2,338
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $39,244 and $37,038)	39,648	38,379
Fixed maturities, trading at fair value	137	348
Equity securities, at fair value	1,777	1,662
Investments accounted for using the equity method	1,194	999
Mortgage loans	1,147	1,125
Policy loans	179	184
Equity index call options	615	701
Real estate and other investments	272	312
Total cash and investments	46,779	46,048
Recoverables from reinsurers	3,073	3,369
Prepaid reinsurance premiums	645	600
Agents’ balances and premiums receivable	1,266	1,146
Deferred policy acquisition costs	1,582	1,216
Assets of managed investment entities	5,032	4,902
Other receivables	1,048	1,030
Variable annuity assets (separate accounts)	636	644
Other assets	1,574	1,504
Goodwill	199	199
Total assets	61,834	60,658
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	9,093	9,678
Unearned premiums	2,539	2,410
Annuity benefits accumulated	34,886	33,316
Life, accident and health reserves	647	658
Payable to reinsurers	721	743
Liabilities of managed investment entities	4,840	4,687
Long-term debt	1,301	1,301
Variable annuity liabilities (separate accounts)	636	644
Other liabilities	2,087	1,887
Total liabilities	56,750	55,324
Temporary equity
Redeemable noncontrolling interests	0	3
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 89,072,114 and 88,275,460 shares outstanding	89	88
Capital surplus	1,220	1,181
Retained earnings	3,628	3,248
Accumulated other comprehensive income, net of tax	147	813
Total shareholders’ equity	5,084	5,330
Noncontrolling interests	0	1
Total equity	5,084	5,331
Total liabilities and equity	$ 61,834	$ 60,658