Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Assets:
Cash and cash equivalents	$ 2,107	$ 1,220
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $33,735 and $31,565)	34,544	32,284
Fixed maturities, trading at fair value	359	254
Equity securities, available for sale at fair value (cost — $1,351 and $1,469)	1,502	1,553
Equity securities, trading at fair value	56	166
Mortgage loans	1,147	1,067
Policy loans	192	201
Equity index call options	492	241
Real estate and other investments	1,034	750
Total cash and investments	41,433	37,736
Recoverables from reinsurers	2,737	2,636
Prepaid reinsurance premiums	539	480
Agents’ balances and premiums receivable	997	937
Deferred policy acquisition costs	1,239	1,184
Assets of managed investment entities	4,765	4,047
Other receivables	908	820
Variable annuity assets (separate accounts)	600	608
Other assets	1,655	1,190
Goodwill	199	199
Total assets	55,072	49,837
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	8,563	8,127
Unearned premiums	2,171	2,060
Annuity benefits accumulated	29,907	26,622
Life, accident and health reserves	691	705
Payable to reinsurers	634	591
Liabilities of managed investment entities	4,549	3,781
Long-term debt	1,283	998
Variable annuity liabilities (separate accounts)	600	608
Other liabilities	1,755	1,575
Total liabilities	50,153	45,067
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 86,924,399 and 87,474,452 shares outstanding	87	87
Capital surplus	1,111	1,214
Retained earnings	3,343	2,987
Accumulated other comprehensive income, net of tax	375	304
Total shareholders’ equity	4,916	4,592
Noncontrolling interests	3	178
Total equity	4,919	4,770
Total liabilities and equity	$ 55,072	$ 49,837