Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Investments
Fixed maturities, at fair value (amortized cost: 2019—$11,012; 2018—$10,643)	$ 11,600	$ 10,689
Equity securities, at fair value (cost: 2019—$3,548; 2018—$3,368)	7,176	5,920
Other invested assets	283	123
Total investments	19,059	16,732
Cash and cash equivalents	787	784
Investment income receivable	125	132
Finance receivable	78	71
Premiums receivable	1,839	1,644
Reinsurance recoverable	524	484
Prepaid reinsurance premiums	60	44
Deferred policy acquisition costs	783	738
Land, building and equipment, net, for company use (accumulated depreciation: 2019—$269; 2018—$265)	207	195
Other assets	402	308
Separate accounts	878	803
Total assets	24,742	21,935
Insurance reserves
Loss and loss expense reserves	6,056	5,707
Life policy and investment contract reserves	2,816	2,779
Unearned premiums	2,859	2,516
Other liabilities	905	804
Deferred income tax	972	627
Note payable	38	32
Long-term debt and lease obligations	847	834
Separate accounts	878	803
Total liabilities	15,371	14,102
Commitments and contingent liabilities (Note 12)
Shareholders' Equity
Common stock, par value—$2 per share; (authorized: 2019 and 2018—500 million shares; issued: 2019 and 2018—198.3 million shares)	397	397
Paid-in capital	1,295	1,281
Retained earnings	8,722	7,625
Accumulated other comprehensive income	442	22
Treasury stock at cost (2019—34.9 million shares and 2018—35.5 million shares)	(1,485)	(1,492)
Total shareholders' equity	9,371	7,833
Total liabilities and shareholders' equity	$ 24,742	$ 21,935