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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturities, available-for-sale ("AFS"), at fair value (amortized cost of $39,587 and $40,788, and allowance for credit losses ("ACL") of $15 and $1) $ 35,717 $ 42,847
Fixed maturities, at fair value using the fair value option ("FVO") 335 160
Equity securities, at fair value 1,678 2,094
Mortgage loans (net of ACL of $36 and $29) 5,931 5,383
Limited partnerships and other alternative investments 4,108 3,353
Other investments 168 215
Short-term investments 2,724 3,697
Total investments 50,661 57,749
Cash 175 205
Restricted cash 110 132
Premiums receivable and agents' balances (net of ACL of $108 and $105) 4,990 4,445
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $105 and $99) 6,644 6,523
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $105 and $99) 105 99
Deferred policy acquisition costs 1,008 881
Deferred income taxes, net 1,507 270
Goodwill 1,911 1,911
Property and equipment, net 941 1,027
Other intangible assets, net 796 858
Other assets 3,058 2,577
Total assets 71,801 76,578
Liabilities    
Unpaid losses and loss adjustment expenses 40,601 39,659
Other policyholder funds and benefits payable 659 687
Unearned premiums 7,934 7,194
Long-term debt 4,356 4,944
Other liabilities 4,729 5,655
Total liabilities 58,846 58,735
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 2022 and December 31, 2021, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 4 4
Additional paid-in capital 3,277 3,309
Retained earnings 16,598 15,764
Treasury Stock, Value (2,844) (1,740)
Accumulated other comprehensive income (loss) ("AOCI"), net of tax (4,414) 172
Total stockholders’ equity 12,955 17,843
Total liabilities and stockholders’ equity $ 71,801 $ 76,578