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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Investments    
Fixed maturities, at fair value (amortized cost: 2015—$9,320; 2014—$8,871) $ 9,756 $ 9,460
Equity securities, at fair value (cost: 2015—$2,970; 2014—$2,728) 4,526 4,858
Short-term investments, at fair value (amortized cost: 2015—$75; 2014—$0) 75 0
Other invested assets 69 68
Total investments 14,426 14,386
Cash and cash equivalents 419 591
Investment income receivable 119 123
Finance receivable 65 75
Premiums receivable 1,494 1,405
Reinsurance recoverable 552 545
Prepaid reinsurance premiums 29 29
Deferred policy acquisition costs 609 578
Land, building and equipment, net, for company use (accumulated depreciation: 2015—$452; 2014—$446) 188 194
Other assets 77 75
Separate accounts 773 752
Total assets 18,751 18,753
Insurance reserves    
Loss and loss expense reserves 4,700 4,485
Life policy and investment contract reserves 2,564 2,497
Unearned premiums 2,215 2,082
Other liabilities 692 648
Deferred income tax 596 840
Note payable 35 49
Long-term debt and capital lease obligations 826 827
Separate accounts 773 752
Total liabilities 12,401 12,180
Commitments and contingent liabilities (Note 12) 0 0
Shareholders' Equity    
Common stock, par value—$2 per share; (authorized: 2015 and 2014—500 million shares; issued: 2015 and 2014—198.3 million shares) 397 397
Paid-in capital 1,223 1,214
Retained earnings 4,756 4,505
Accumulated other comprehensive income 1,280 1,744
Treasury stock at cost (2015— 34.5 million shares and 2014—34.6 million shares) (1,306) (1,287)
Total shareholders' equity 6,350 6,573
Total liabilities and shareholders' equity $ 18,751 $ 18,753