Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 857	$ 872
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $10,583 and $10,736; allowance for expected credit losses of $16 and $11)	10,044	10,095
Fixed maturities, trading at fair value	36	32
Equity securities, at fair value	1,008	1,010
Investments accounted for using the equity method	1,733	1,700
Mortgage loans	646	676
Real estate and other investments	127	127
Total cash and investments	14,451	14,512
Recoverables from reinsurers	3,838	3,977
Prepaid reinsurance premiums	1,021	917
Agents’ balances and premiums receivable	1,459	1,339
Deferred policy acquisition costs	285	288
Other receivables	637	886
Other assets	1,153	1,219
Goodwill	246	246
Total assets	28,481	28,831
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	11,761	11,974
Unearned premiums	3,435	3,246
Payable to reinsurers	911	1,035
Long-term debt	1,478	1,496
Other liabilities	1,697	1,696
Total liabilities	24,540	24,779
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 85,171,658 and 85,204,006 shares outstanding	85	85
Capital surplus	1,374	1,368
Retained earnings	2,933	3,142
Accumulated other comprehensive income (loss), net of tax	(451)	(543)
Total shareholders’ equity	3,941	4,052
Total liabilities and shareholders’ equity	28,481	28,831
Variable interest entity, primary beneficiary
Investments:
Total assets	5,391	5,447
Liabilities and Equity:
Total liabilities	$ 5,258	$ 5,332