Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Investments
Fixed maturities, at fair value (amortized cost: 2022—$12,497; 2021—$12,230)	$ 11,933	$ 13,022
Equity securities, at fair value (cost: 2022—$4,205; 2021—$4,121)	9,510	11,315
Other invested assets	391	329
Total investments	21,834	24,666
Cash and cash equivalents	1,098	1,139
Investment income receivable	141	144
Finance receivable	87	98
Premiums receivable	2,484	2,053
Reinsurance Recoverable	531	570
Prepaid reinsurance premiums	113	78
Deferred policy acquisition costs	1,045	905
Land, building and equipment, net, for company use (accumulated depreciation: 2022—$312; 2021—$303)	201	205
Other assets	798	570
Separate accounts	860	959
Total assets	29,192	31,387
Insurance reserves
Loss and loss expense reserves	7,669	7,305
Life policy and investment contract reserves	3,041	3,014
Unearned premiums	3,867	3,271
Other liabilities	1,248	1,092
Deferred income tax	1,069	1,744
Note payable	44	54
Long-term debt and lease obligations	841	843
Separate accounts	860	959
Total liabilities	18,639	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	1,367	1,356
Retained earnings	11,324	12,625
Accumulated other comprehensive income	(423)	648
Treasury stock at cost (2022—39.1 million shares and 2021—38.0 million shares)	(2,112)	(1,921)
Total shareholders' equity	10,553	13,105
Total liabilities and shareholders' equity	$ 29,192	$ 31,387