Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Investments
Fixed maturities, at fair value (amortized cost: 2021—$12,230; 2020—$11,312)	$ 13,022	$ 12,338
Equity securities, at fair value (cost: 2021—$4,121; 2020—$3,927)	11,315	8,856
Other invested assets	329	348
Total investments	24,666	21,542
Cash and cash equivalents	1,139	900
Investment income receivable	144	136
Finance receivable	98	95
Premiums receivable	2,053	1,879
Reinsurance recoverable	570	517
Prepaid reinsurance premiums	78	65
Deferred policy acquisition costs	905	805
Land, building and equipment, net, for company use (accumulated depreciation: 2021—$303; 2020—$285)	205	213
Other assets	570	438
Separate accounts	959	952
Total assets	31,387	27,542
Insurance reserves
Loss and loss expense reserves	7,305	6,746
Life policy and investment contract reserves	3,014	2,915
Unearned premiums	3,271	2,960
Other liabilities	1,092	982
Deferred income tax	1,744	1,299
Note payable	54	54
Long-term debt and lease obligations	843	845
Separate accounts	959	952
Total liabilities	18,282	16,753
Commitments and contingent liabilities (Note 16)
Shareholders' Equity
Common stock, par value—$2 per share; (authorized: 2021 and 2020—500 million shares; issued: 2021 and 2020—198.3 million shares)	397	397
Paid-in capital	1,356	1,328
Retained earnings	12,625	10,085
Accumulated other comprehensive income	648	769
Treasury stock, at cost (2021—38.0 million shares and 2020—37.4 million shares)	(1,921)	(1,790)
Total shareholders' equity	13,105	10,789
Total liabilities and shareholders' equity	$ 31,387	$ 27,542