Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Investments
Fixed maturities, at fair value (amortized cost: 2020—$11,139; 2019—$11,108)	$ 11,911	$ 11,698
Equity securities, at fair value (cost: 2020—$3,752; 2019—$3,581)	7,317	7,752
Other invested assets	259	296
Total investments	19,487	19,746
Cash and cash equivalents	706	767
Investment income receivable	131	133
Finance receivable	86	77
Premiums receivable	2,051	1,777
Reinsurance Recoverable	528	610
Prepaid reinsurance premiums	91	54
Deferred policy acquisition costs	834	774
Land, building and equipment, net, for company use (accumulated depreciation: 2020—$280; 2019—$276)	209	207
Other assets	416	381
Separate accounts	911	882
Assets	25,450	25,408
Insurance reserves
Loss and loss expense reserves	6,463	6,147
Life policy and investment contract reserves	2,881	2,835
Unearned premiums	3,107	2,788
Other liabilities	884	928
Deferred income tax	979	1,079
Note payable	122	39
Long-term debt and lease obligations	845	846
Separate accounts	911	882
Total liabilities	16,192	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	1,309	1,306
Retained earnings	8,745	9,257
Accumulated other comprehensive income	597	448
Treasury stock at cost (2020—37.5 million shares and 2019—35.4 million shares)	(1,790)	(1,544)
Total shareholders' equity	9,258	9,864
Total liabilities and shareholders' equity	$ 25,450	$ 25,408