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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Investments    
Fixed maturities, at fair value (amortized cost: 2018—$10,653; 2017—$10,314) $ 10,660 $ 10,699
Equity securities, at fair value (cost: 2018—$3,294; 2017—$3,094) 6,663 6,249
Other invested assets 110 103
Total investments 17,433 17,051
Cash and cash equivalents 616 657
Investment income receivable 129 134
Finance receivable 69 61
Premiums receivable 1,709 1,589
Reinsurance recoverable 424 432
Prepaid reinsurance premiums 44 42
Deferred policy acquisition costs 743 670
Land, building and equipment, net, for company use (accumulated depreciation: 2018—$259; 2017—$253) 191 185
Other assets 327 216
Separate accounts 795 806
Total assets 22,480 21,843
Insurance reserves    
Loss and loss expense reserves 5,578 5,273
Life policy and investment contract reserves 2,770 2,729
Unearned premiums 2,591 2,404
Other liabilities 755 792
Deferred income tax 797 745
Note payable 30 24
Long-term debt and capital lease obligations 830 827
Separate accounts 795 806
Total liabilities 14,146 13,600
Commitments and contingent liabilities (Note 12)
Shareholders' Equity    
Common stock, par value—$2 per share; (authorized: 2018 and 2017—500 million shares; issued: 2018 and 2017—198.3 million shares) 397 397
Paid-in capital 1,273 1,265
Retained earnings 8,164 5,180
Accumulated other comprehensive income (loss) (4) 2,788
Treasury stock at cost (2018—35.6 million shares and 2017—34.4 million shares) (1,496) (1,387)
Total shareholders' equity 8,334 8,243
Total liabilities and shareholders' equity $ 22,480 $ 21,843