Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 2,833	$ 1,665
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $10,211 and $8,812; allowance for expected credit losses of $9 and $12)	10,427	9,084
Fixed maturities, trading at fair value	29	24
Equity securities, at fair value	993	889
Investments accounted for using the equity method	1,407	1,235
Mortgage loans	537	377
Real estate and other investments	161	220
Total cash and investments	16,387	13,494
Recoverables from reinsurers	3,523	3,288
Prepaid reinsurance premiums	1,028	768
Agents’ balances and premiums receivable	1,492	1,229
Deferred policy acquisition costs	262	244
Other receivables	1,097	678
Other assets	847	977
Goodwill	176	176
Assets of discontinued annuity operations	0	47,885
Total assets	29,942	73,710
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	10,991	10,392
Unearned premiums	3,415	2,803
Payable to reinsurers	1,146	807
Long-term debt	1,964	1,963
Other liabilities	2,152	1,584
Liabilities of discontinued annuity operations	0	44,458
Total Liabilities	24,702	66,921
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 84,795,008 and 86,345,246 shares outstanding	85	86
Capital surplus	1,315	1,281
Retained earnings	3,680	4,149
Accumulated other comprehensive income, net of tax	160	1,273
Total shareholders’ equity	5,240	6,789
Noncontrolling interests	0	0
Total equity	5,240	6,789
Total liabilities and equity	29,942	73,710
Variable interest entity, primary beneficiary
Investments:
Assets of managed investment entities	5,130	4,971
Total assets	5,130	4,971
Liabilities and Equity:
Liabilities of managed investment entities	5,034	4,914
Total Liabilities	$ 5,034	$ 4,914