Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 3,365	$ 1,665
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $9,481 and $8,812; allowance for expected credit losses of $9 and $12)	9,732	9,084
Fixed maturities, trading at fair value	26	24
Equity securities, at fair value	965	889
Investments accounted for using the equity method	1,378	1,235
Mortgage loans	461	377
Real estate and other investments	198	220
Total cash and investments	16,125	13,494
Recoverables from reinsurers	3,330	3,288
Prepaid reinsurance premiums	865	768
Agents’ balances and premiums receivable	1,423	1,229
Deferred policy acquisition costs	258	244
Assets of managed investment entities	28,780	73,710
Other receivables	682	678
Other assets	835	977
Goodwill	176	176
Assets of discontinued annuity operations	0	47,885
Total assets	28,780	73,710
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	10,498	10,392
Unearned premiums	3,054	2,803
Payable to reinsurers	829	807
Liabilities of managed investment entities	23,179	66,921
Long-term debt	1,963	1,963
Other liabilities	1,806	1,584
Liabilities of discontinued annuity operations	0	44,458
Total Liabilities	23,179	66,921
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 84,713,927 and 86,345,246 shares outstanding	85	86
Capital surplus	1,303	1,281
Retained earnings	4,023	4,149
Accumulated other comprehensive income, net of tax	190	1,273
Total shareholders’ equity	5,601	6,789
Noncontrolling interests	0	0
Total equity	5,601	6,789
Total liabilities and equity	28,780	73,710
Variable interest entity, primary beneficiary
Investments:
Assets of managed investment entities	5,086	4,971
Total assets	5,086	4,971
Liabilities and Equity:
Liabilities of managed investment entities	5,029	4,914
Total Liabilities	$ 5,029	$ 4,914