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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturities, available-for-sale ("AFS"), at fair value (amortized cost of $41,485 and $41,561, and ACL of $4 and $23) $ 43,942 $ 45,035
Equity securities, at fair value 1,616 1,438
Limited partnerships and other alternative investments 2,961 2,082
Other investments 337 201
Short-term investments 3,612 3,283
Total investments 57,574 56,532
Cash 232 151
Restricted cash 165 88
Premiums receivable and agents' balances (net of ACL of $124 and $152) 4,598 4,268
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $99 and $108) 6,247 6,011
Deferred policy acquisition costs 883 789
Deferred income taxes, net 209 46
Goodwill 1,911 1,911
Property and equipment, net 1,047 1,122
Other intangible assets, net 881 950
Other assets 2,376 2,066
Assets held for sale 167 177
Total assets 76,290 74,111
Liabilities    
Unpaid losses and loss adjustment expenses 39,378 37,855
Reserve for future policy benefits 602 638
Other policyholder funds and benefits payable 685 701
Unearned premiums 7,268 6,629
Long-term debt 4,943 4,352
Other liabilities 5,401 5,222
Liabilities held for sale 151 158
Total liabilities 58,428 55,555
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 2021 and December 31, 2020, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 4 4
Additional paid-in capital 4,339 4,322
Retained earnings 15,169 13,918
Treasury Stock, Value (2,291) (1,192)
Accumulated other comprehensive income, net of tax 307 1,170
Total stockholders’ equity 17,862 18,556
Total liabilities and stockholders’ equity $ 76,290 $ 74,111