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Consolidated Balance Sheet (Unaudited at March 31, 2020) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Fixed maturities, available for sale, at fair value (amortized cost $65,630 and $65,281; allowance for expected credit losses of $4 at March 31, 2020) $ 67,897 $ 68,134
Equity securities, at fair value (cost $372 and $376) 342 425
Real estate investments 966 963
Short-term securities 4,033 4,943
Other investments 3,412 3,419
Total investments 76,650 77,884
Cash 544 494
Investment income accrued 567 618
Premiums receivable (net of allowance for expected credit losses of $78 at March 31, 2020) 8,202 7,909
Reinsurance recoverables (net of allowance for estimated uncollectible reinsurance of $149 at March 31, 2020) 8,152 8,235
Ceded unearned premiums 1,030 689
Deferred acquisition costs 2,298 2,273
Deferred taxes 9 0
Contractholder receivables (net of allowance for expected credit losses of $20 at March 31, 2020) 4,634 4,599
Goodwill 3,915 3,961
Other intangible assets 322 330
Other assets 3,113 3,130
Total assets 109,436 110,122
Liabilities    
Claims and claim adjustment expense reserves 51,957 51,849
Unearned premium reserves 14,941 14,604
Contractholder payables 4,654 4,619
Payables for reinsurance premiums 634 363
Deferred taxes 0 137
Debt 6,559 6,558
Other liabilities 5,487 6,049
Total liabilities 84,232 84,179
Shareholders’ equity    
Common stock (1,750.0 shares authorized; 252.9 and 255.5 shares issued, 252.8 and 255.5 shares outstanding) 23,542 23,469
Retained earnings 37,325 36,977
Accumulated other comprehensive income (loss) (49) 640
Treasury stock, at cost (525.9 and 522.1 shares) (35,614) (35,143)
Total shareholders’ equity 25,204 25,943
Total liabilities and shareholders’ equity $ 109,436 $ 110,122