Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 2,374	$ 1,515
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $42,908 and $41,837)	44,710	41,997
Fixed maturities, trading at fair value	106	105
Equity securities, at fair value	1,985	1,814
Investments accounted for using the equity method	1,506	1,374
Mortgage loans	1,073	1,068
Policy loans	170	174
Equity index call options	712	184
Real estate and other investments	271	267
Total cash and investments	52,907	48,498
Recoverables from reinsurers	3,150	3,349
Prepaid reinsurance premiums	651	610
Agents’ balances and premiums receivable	1,398	1,234
Deferred policy acquisition costs	1,203	1,682
Assets of managed investment entities	4,781	4,700
Other receivables	999	1,090
Variable annuity assets (separate accounts)	616	557
Other assets	1,785	1,529
Goodwill	207	207
Total assets	67,697	63,456
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	9,577	9,741
Unearned premiums	2,683	2,595
Annuity benefits accumulated	39,044	36,616
Life, accident and health reserves	619	635
Payable to reinsurers	755	752
Liabilities of managed investment entities	4,590	4,512
Long-term debt	1,423	1,302
Variable annuity liabilities (separate accounts)	616	557
Other liabilities	2,300	1,774
Total liabilities	61,607	58,484
Temporary equity
Redeemable noncontrolling interests	0	0
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 89,917,601 and 89,291,724 shares outstanding	90	89
Capital surplus	1,277	1,245
Retained earnings	3,914	3,588
Accumulated other comprehensive income, net of tax	809	48
Total shareholders’ equity	6,090	4,970
Noncontrolling interests	0	2
Total equity	6,090	4,972
Total liabilities and equity	$ 67,697	$ 63,456