Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 2,207	$ 2,107
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $36,231 and $33,735)	37,504	34,544
Fixed maturities, trading at fair value	339	359
Equity securities, available for sale at fair value (cost — $1,338 and $1,351)	1,581	1,502
Equity securities, trading at fair value	59	56
Mortgage loans	1,184	1,147
Policy loans	188	192
Equity index call options	589	492
Real estate and other investments	1,128	1,034
Total cash and investments	44,779	41,433
Recoverables from reinsurers	2,839	2,737
Prepaid reinsurance premiums	587	539
Agents’ balances and premiums receivable	1,124	997
Deferred policy acquisition costs	1,156	1,239
Assets of managed investment entities	4,873	4,765
Other receivables	923	908
Variable annuity assets (separate accounts)	620	600
Other assets	1,518	1,655
Goodwill	199	199
Total assets	58,618	55,072
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	8,730	8,563
Unearned premiums	2,294	2,171
Annuity benefits accumulated	32,014	29,907
Life, accident and health reserves	676	691
Payable to reinsurers	681	634
Liabilities of managed investment entities	4,685	4,549
Long-term debt	1,405	1,283
Variable annuity liabilities (separate accounts)	620	600
Other liabilities	2,201	1,755
Total liabilities	53,306	50,153
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 88,007,252 and 86,924,399 shares outstanding	88	87
Capital surplus	1,158	1,111
Retained earnings	3,451	3,343
Accumulated other comprehensive income, net of tax	615	375
Total shareholders’ equity	5,312	4,916
Noncontrolling interests	0	3
Total equity	5,312	4,919
Total liabilities and equity	$ 58,618	$ 55,072