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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Investments    
Fixed maturities, at fair value (amortized cost: 2017—$10,135; 2016—$9,799) $ 10,540 $ 10,085
Equity securities, at fair value (cost: 2017—$3,264; 2016—$2,995) 6,025 5,334
Other invested assets 99 81
Total investments 16,664 15,500
Cash and cash equivalents 674 777
Investment income receivable 128 134
Finance receivable 56 51
Premiums receivable 1,640 1,533
Reinsurance recoverable 522 545
Prepaid reinsurance premiums 44 62
Deferred policy acquisition costs 676 637
Land, building and equipment, net, for company use (accumulated depreciation: 2017—$251; 2016—$237) 186 183
Other assets 204 198
Separate accounts 798 766
Total assets 21,592 20,386
Insurance reserves    
Loss and loss expense reserves 5,350 5,085
Life policy and investment contract reserves 2,716 2,671
Unearned premiums 2,475 2,307
Other liabilities 800 786
Deferred income tax 1,087 865
Note payable 17 20
Long-term debt and capital lease obligations 826 826
Separate accounts 798 766
Total liabilities 14,069 13,326
Commitments and contingent liabilities (Note 12)
Shareholders' Equity    
Common stock, par value—$2 per share; (authorized: 2017 and 2016—198.3 million shares; issued: 2017 and 2016—198.3 million shares) 397 397
Paid-in capital 1,256 1,252
Retained earnings 5,193 5,037
Accumulated other comprehensive income 2,047 1,693
Treasury stock at cost (2017—34.3 million shares and 2016—33.9 million shares) (1,370) (1,319)
Total shareholders' equity 7,523 7,060
Total liabilities and shareholders' equity $ 21,592 $ 20,386