Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 2,131	$ 1,665
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $10,193 and $8,812; allowance for expected credit losses of $9 and $12)	10,357	9,084
Fixed maturities, trading at fair value	28	24
Equity securities, at fair value	1,042	889
Investments accounted for using the equity method	1,517	1,235
Mortgage loans	520	377
Real estate and other investments	150	220
Total cash and investments	15,745	13,494
Recoverables from reinsurers	3,519	3,288
Prepaid reinsurance premiums	834	768
Agents’ balances and premiums receivable	1,265	1,229
Deferred policy acquisition costs	267	244
Other receivables	857	678
Other assets	902	977
Goodwill	246	176
Assets of discontinued annuity operations	0	47,885
Total assets	28,931	73,710
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	11,074	10,392
Unearned premiums	3,041	2,803
Payable to reinsurers	920	807
Long-term debt	1,964	1,963
Other liabilities	1,700	1,584
Liabilities of discontinued annuity operations	0	44,458
Total liabilities	23,919	66,921
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 84,920,965 and 86,345,246 shares outstanding	85	86
Capital surplus	1,330	1,281
Retained earnings	3,478	4,149
Accumulated other comprehensive income, net of tax	119	1,273
Shareholders’ equity	5,012	6,789
Total liabilities and shareholders’ equity	28,931	73,710
Variable interest entity, primary beneficiary
Investments:
Assets of managed investment entities	5,296	4,971
Total assets	5,296	4,971
Liabilities and Equity:
Liabilities of managed investment entities	5,220	4,914
Total liabilities	$ 5,220	$ 4,914