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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $35,894 and $35,603) $ 36,819 $ 35,652
Fixed maturities, at fair value using the fair value option 20 22
Equity securities, at fair value 1,275 1,214
Mortgage loans (net of allowances for loan losses of $1 and $1) 3,637 3,704
Limited partnerships and other alternative investments 1,719 1,723
Other investments 222 192
Short-term investments 4,203 4,283
Total investments 47,895 46,790
Cash 104 121
Premiums receivable and agents’ balances, net 4,160 3,995
Reinsurance recoverables, net 4,341 4,357
Deferred policy acquisition costs 688 670
Deferred income taxes, net 921 1,248
Goodwill 1,290 1,290
Property and equipment, net 1,145 1,006
Other intangible assets, net 644 657
Other assets 2,136 2,173
Total assets 63,324 62,307
Liabilities    
Unpaid losses and loss adjustment expenses 32,973 33,029
Reserve for future policy benefits 648 642
Other policyholder funds and benefits payable 742 767
Unearned premiums 5,482 5,282
Short-term debt 499 413
Long-term Debt 3,767 4,265
Other liabilities 4,873 4,808
Total liabilities 48,984 49,206
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at March 31, 2019 and December 31, 2018, aggregate liquidation preference of $345 334 334
Common stock, $0.01 par value — 1,500,000,000 shares authorized, 384,923,222 shares issued at March 31, 2019 and December 31, 2018 4 4
Additional paid-in capital 4,329 4,378
Retained earnings 11,572 11,055
Treasury stock, at cost — 24,058,244 and 25,772,238 shares (1,014) (1,091)
Accumulated other comprehensive loss, net of tax (885) (1,579)
Total stockholders’ equity 14,340 13,101
Total liabilities and stockholders’ equity $ 63,324 $ 62,307