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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $40,788 and $41,561, and ACL of $1 and $23) $ 42,847 $ 45,035
Equity securities, at fair value 2,094 1,438
Limited partnerships and other alternative investments 3,353 2,082
Other investments 375 201
Short-term investments 3,697 3,283
Total investments 57,749 56,532
Cash 205 151
Restricted Cash 132 88
Premiums receivable and agents' balances (net of ACL of $105 and $152) 4,445 4,268
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $99 and $108) 6,523 6,011
Deferred policy acquisition costs 881 789
Deferred income taxes, net 270 46
Goodwill 1,911 1,911
Property and equipment, net 1,027 1,122
Other intangible assets, net 858 950
Other assets 2,577 2,066
Assets held for sale 0 177
Total assets 76,578 74,111
Liabilities    
Unpaid losses and loss adjustment expenses 39,659 37,855
Reserve for future policy benefits 596 638
Other policyholder funds and benefits payable 687 701
Unearned premiums 7,194 6,629
Long-term debt 4,944 4,352
Other liabilities 5,655 5,222
Disposal Group, Including Discontinued Operation, Liabilities 0 158
Total liabilities 58,735 55,555
Stockholders’ Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at December 31, 2021 and December 31, 2020, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 4 4
Additional paid-in capital 3,309 4,322
Retained earnings 15,764 13,918
Treasury Stock, Value (1,740) (1,192)
Accumulated other comprehensive income, net of tax 172 1,170
Total stockholders' equity 17,843 18,556
Total liabilities and stockholders’ equity $ 76,578 $ 74,111