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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Investments    
Fixed maturities, at fair value (amortized cost: 2016—$9,657; 2015—$9,324) $ 10,257 $ 9,650
Equity securities, at fair value (cost: 2016—$3,169; 2015—$2,938) 5,304 4,706
Other invested assets 81 67
Total investments 15,642 14,423
Cash and cash equivalents 700 544
Investment income receivable 121 129
Finance receivable 53 62
Premiums receivable 1,518 1,431
Reinsurance recoverable 552 542
Prepaid reinsurance premiums 68 54
Deferred policy acquisition costs 627 616
Land, building and equipment, net, for company use (accumulated depreciation: 2016—$234; 2015—$459) 184 185
Other assets 200 154
Separate accounts 790 748
Total assets 20,455 18,888
Insurance reserves    
Loss and loss expense reserves 4,991 4,718
Life policy and investment contract reserves 2,641 2,583
Unearned premiums 2,388 2,201
Other liabilities 798 717
Deferred income tax 879 638
Note payable 20 35
Long-term debt and capital lease obligations 827 821
Separate accounts 790 748
Total liabilities 13,334 12,461
Commitments and contingent liabilities (Note 12) 0 0
Shareholders' Equity    
Common stock, par value—$2 per share; (authorized: 2016 and 2015—500 million shares; issued: 2016 and 2015—198.3 million shares) 397 397
Paid-in capital 1,244 1,232
Retained earnings 5,016 4,762
Accumulated other comprehensive income 1,752 1,344
Treasury stock at cost (2016—33.6 million shares and 2015—34.4 million shares) (1,288) (1,308)
Total shareholders' equity 7,121 6,427
Total liabilities and shareholders' equity $ 20,455 $ 18,888