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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $41,073 and $40,078, and ACL of $32 and $0) $ 44,044 $ 42,148
Fixed maturities, at fair value using the fair value option 0 11
Equity securities, at fair value 819 1,657
Mortgage loans (net of ACL of $38 and $0) 4,461 4,215
Limited partnerships and other alternative investments 1,868 1,758
Other investments 187 320
Short-term investments 3,399 2,921
Total investments 54,778 53,030
Cash 173 185
Restricted cash 97 77
Premiums receivable and agents' balances (net of ACL of $174 and $145) 4,450 4,384
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $109 and $114) 5,668 5,527
Deferred policy acquisition costs 808 785
Deferred income taxes, net 49 299
Goodwill 1,911 1,913
Property and equipment, net 1,144 1,181
Other intangible assets, net 973 1,070
Other assets 2,101 2,366
Disposal Group, Including Discontinued Operation, Assets 167 0
Total assets 72,319 70,817
Liabilities    
Unpaid losses and loss adjustment expenses 37,306 36,517
Reserve for future policy benefits 650 635
Other policyholder funds and benefits payable 711 755
Unearned premiums 6,761 6,635
Short-term debt 0 500
Long-term debt 4,351 4,348
Other liabilities 4,585 5,157
Disposal Group, Including Discontinued Operation, Liabilities 153 0
Total liabilities 54,517 54,547
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 2020 and December 31, 2019, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 4 4
Additional paid-in capital 4,310 4,312
Retained earnings 13,503 12,685
Treasury Stock, Value (1,205) (1,117)
Accumulated other comprehensive income, net of tax 856 52
Total stockholders’ equity 17,802 16,270
Total liabilities and stockholders’ equity 72,319 70,817
Debt Securities, Available-for-sale, Amortized Cost 41,073 40,078
Fixed maturities, available-for-sale, at fair value (amortized cost of $41,073 and $40,078, and ACL of $32 and $0) (32) 0
Financing Receivable, Allowance for Credit Loss   0
Premium Receivable, Allowance for Credit Loss 174 145
Reinsurance Recoverable, Allowance for Credit Loss $ (55) $ (48)
Preferred Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 50,000,000 50,000,000
Preferred Stock, Shares Issued 13,800,000 13,800,000
Preferred Stock, Liquidation Preference, Value $ 345 $ 345
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares Authorized 1,500,000,000 1,500,000,000
Common Stock, Shares, Issued 384,923,222 384,923,222
Treasury Stock, Shares 26,689,649 25,352,977
Uncollectible reinsurance    
Reinsurance Recoverable, Allowance for Credit Loss $ (109) $ (114)
Commercial Loan [Member]    
Financing Receivable, Allowance for Credit Loss $ 38 $ 0