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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $40,174 and $35,603) $ 42,389 $ 35,652
Fixed maturities, at fair value using the fair value option 39 22
Equity securities, at fair value 1,414 1,214
Mortgage loans (net of allowances for loan losses of $0 and $1) 3,736 3,704
Limited partnerships and other alternative investments 1,770 1,723
Other investments 302 192
Short-term investments 2,927 4,283
Total investments 52,577 46,790
Cash 207 112
Restricted cash 83 9
Premiums receivable and agents’ balances, net 4,580 3,995
Reinsurance recoverables, net 5,333 4,357
Deferred policy acquisition costs 772 670
Deferred income taxes, net 376 1,248
Goodwill 1,913 1,290
Property and equipment, net 1,194 1,006
Other intangible assets, net 1,126 657
Other assets 2,095 2,173
Total assets 70,256 62,307
Liabilities    
Unpaid losses and loss adjustment expenses 36,188 33,029
Reserve for future policy benefits 645 642
Other policyholder funds and benefits payable 764 767
Unearned premiums 6,820 5,282
Short-term debt 500 413
Long-term debt 4,346 4,265
Other liabilities 4,915 4,808
Total liabilities 54,178 49,206
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 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 September 30, 2019 and December 31, 2018 4 4
Additional paid-in capital 4,302 4,378
Retained earnings 12,251 11,055
Treasury stock, at cost — 23,940,696 and 25,772,238 shares (1,027) (1,091)
Accumulated other comprehensive income (loss), net of tax 214 (1,579)
Total stockholders’ equity 16,078 13,101
Total liabilities and stockholders’ equity $ 70,256 $ 62,307