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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $41,561 and $40,078, and ACL of $23 and $—) $ 45,035 $ 42,148
Equity securities, at fair value 1,438 1,657
Mortgage loans (net of ACL of $38 and $—) 4,493 4,215
Limited partnerships and other alternative investments 2,082 1,758
Other investments 201 331
Short-term investments 3,283 2,921
Total investments 56,532 53,030
Cash 151 185
Restricted Cash 88 77
Premiums receivable and agents' balances (net of ACL of $152 and $145) 4,268 4,384
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $108 and $114) 6,011 5,527
Deferred policy acquisition costs 789 785
Deferred income taxes, net 46 299
Goodwill 1,911 1,913
Property and equipment, net 1,122 1,181
Other intangible assets, net 950 1,070
Other assets 2,066 2,366
Assets held for sale 177 0
Total assets 74,111 70,817
Liabilities    
Unpaid losses and loss adjustment expenses 37,855 36,517
Reserve for future policy benefits 638 635
Other policyholder funds and benefits payable 701 755
Unearned premiums 6,629 6,635
Short-term debt 0 500
Long-term debt 4,352 4,348
Other liabilities 5,222 5,157
Disposal Group, Including Discontinued Operation, Liabilities 158 0
Total liabilities 55,555 54,547
Stockholders’ Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at December 31, 2020 and December 31, 2019, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 4 4
Additional paid-in capital 4,322 4,312
Retained earnings 13,918 12,685
Treasury Stock, Value (1,192) (1,117)
Accumulated other comprehensive income, net of tax 1,170 52
Total stockholders' equity 18,556 16,270
Total liabilities and stockholders’ equity $ 74,111 $ 70,817