Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 1,691	$ 1,665
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $9,059 and $8,812; allowance for expected credit losses of $10 and $12)	9,289	9,084
Fixed maturities, trading at fair value	26	24
Equity securities, at fair value	944	889
Investments accounted for using the equity method	1,324	1,235
Mortgage loans	408	377
Real estate and other investments	218	220
Total cash and investments	13,900	13,494
Recoverables from reinsurers	3,231	3,288
Prepaid reinsurance premiums	755	768
Agents’ balances and premiums receivable	1,209	1,229
Deferred policy acquisition costs	244	244
Assets of managed investment entities	74,197	73,710
Other receivables	576	678
Other assets	865	977
Goodwill	176	176
Assets of discontinued annuity operations	48,139	47,885
Total assets	74,197	73,710
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	10,384	10,392
Unearned premiums	2,821	2,803
Payable to reinsurers	753	807
Liabilities of managed investment entities	67,512	66,921
Long-term debt	1,963	1,963
Other liabilities	1,653	1,584
Liabilities of discontinued annuity operations	44,893	44,458
Total Liabilities	67,512	66,921
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 85,126,062 and 86,345,246 shares outstanding	85	86
Capital surplus	1,279	1,281
Retained earnings	4,354	4,149
Accumulated other comprehensive income, net of tax	967	1,273
Total shareholders’ equity	6,685	6,789
Noncontrolling interests	0	0
Total equity	6,685	6,789
Total liabilities and equity	74,197	73,710
Variable interest entity, primary beneficiary
Investments:
Assets of managed investment entities	5,102	4,971
Total assets	5,102	4,971
Liabilities and Equity:
Liabilities of managed investment entities	5,045	4,914
Total Liabilities	$ 5,045	$ 4,914