Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Investments
Fixed maturities, at fair value (amortized cost: 2022—$12,330; 2021—$12,230)	$ 12,376	$ 13,022
Equity securities, at fair value (cost: 2022—$4,167; 2021—$4,121)	10,675	11,315
Other invested assets	348	329
Total investments	23,399	24,666
Cash and cash equivalents	987	1,139
Investment income receivable	147	144
Finance receivable	92	98
Premiums receivable	2,248	2,053
Reinsurance Recoverable	556	570
Prepaid reinsurance premiums	79	78
Deferred policy acquisition costs	979	905
Land, building and equipment, net, for company use (accumulated depreciation: 2022—$309; 2021—$303)	203	205
Other assets	657	570
Separate accounts	903	959
Total assets	30,250	31,387
Insurance reserves
Loss and loss expense reserves	7,366	7,305
Life policy and investment contract reserves	3,027	3,014
Unearned premiums	3,560	3,271
Other liabilities	952	1,092
Deferred income tax	1,460	1,744
Note payable	49	54
Long-term debt and lease obligations	841	843
Separate accounts	903	959
Total liabilities	18,158	18,282
Commitments and contingent liabilities (Note 12)
Shareholders' Equity
Common stock, par value—$2 per share; (authorized: 2022 and 2021—500 million shares; issued: 2022 and 2021—198.3 million shares)	397	397
Paid-in capital	1,354	1,356
Retained earnings	12,241	12,625
Accumulated other comprehensive income	59	648
Treasury stock at cost (2022—38.0 million shares and 2021—38.0 million shares)	(1,959)	(1,921)
Total shareholders' equity	12,092	13,105
Total liabilities and shareholders' equity	$ 30,250	$ 31,387