Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Investments
Fixed maturities, at fair value (amortized cost: 2020—$11,074; 2019—$11,108)	$ 11,340	$ 11,698
Equity securities, at fair value (cost: 2020—$3,702; 2019—$3,581)	6,225	7,752
Other invested assets	311	296
Total investments	17,876	19,746
Cash and cash equivalents	486	767
Investment income receivable	124	133
Finance receivable	76	77
Premiums receivable	1,900	1,777
Reinsurance Recoverable	567	610
Prepaid reinsurance premiums	57	54
Deferred policy acquisition costs	827	774
Land, building and equipment, net, for company use (accumulated depreciation: 2020—$281; 2019—$276)	208	207
Other assets	388	381
Separate accounts	858	882
Total assets	23,367	25,408
Insurance reserves
Loss and loss expense reserves	6,206	6,147
Life policy and investment contract reserves	2,861	2,835
Unearned premiums	2,922	2,788
Other liabilities	858	928
Deferred income tax	660	1,079
Note payable	114	39
Long-term debt and lease obligations	846	846
Separate accounts	858	882
Total liabilities	15,325	15,544
Commitments and contingent liabilities (Note 12)
Shareholders' Equity
Common stock, par value—$2 per share; (authorized: 2020 and 2019—500 million shares; issued: 2020 and 2019—198.3 million shares)	397	397
Paid-in capital	1,300	1,306
Retained earnings	7,932	9,257
Accumulated other comprehensive income	204	448
Treasury stock at cost (2020—37.5 million shares and 2019—35.4 million shares)	(1,791)	(1,544)
Total shareholders' equity	8,042	9,864
Total liabilities and shareholders' equity	$ 23,367	$ 25,408