Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 2,338	$ 2,107
Investments:
Fixed maturities, available for sale at fair value (amortized cost — $37,038 and $33,735)	38,379	34,544
Fixed maturities, trading at fair value	348	359
Equity securities, available for sale at fair value (cost — $1,321 and $1,351)	1,600	1,502
Equity securities, trading at fair value	62	56
Mortgage loans	1,125	1,147
Policy loans	184	192
Equity index call options	701	492
Real estate and other investments	1,311	1,034
Total cash and investments	46,048	41,433
Recoverables from reinsurers	3,369	2,737
Prepaid reinsurance premiums	600	539
Agents’ balances and premiums receivable	1,146	997
Deferred policy acquisition costs	1,216	1,239
Assets of managed investment entities	4,902	4,765
Other receivables	1,030	908
Variable annuity assets (separate accounts)	644	600
Other assets	1,504	1,655
Goodwill	199	199
Total assets	60,658	55,072
Liabilities and Equity:
Unpaid losses and loss adjustment expenses	9,678	8,563
Unearned premiums	2,410	2,171
Annuity benefits accumulated	33,316	29,907
Life, accident and health reserves	658	691
Payable to reinsurers	743	634
Liabilities of managed investment entities	4,687	4,549
Long-term debt	1,301	1,283
Variable annuity liabilities (separate accounts)	644	600
Other liabilities	1,887	1,755
Total liabilities	55,324	50,153
Temporary equity
Redeemable noncontrolling interests	3	0
Shareholders’ equity:
Common Stock, no par value — 200,000,000 shares authorized — 88,275,460 and 86,924,399 shares outstanding	88	87
Capital surplus	1,181	1,111
Retained earnings	3,248	3,343
Accumulated other comprehensive income, net of tax	813	375
Total shareholders’ equity	5,330	4,916
Noncontrolling interests	1	3
Total equity	5,331	4,919
Total liabilities and equity	$ 60,658	$ 55,072

The sum of the known and estimated amounts payable as of the balance sheet date to traditional life insurance policyholders, and under disability and accident insurance contracts, that relate to insured events which can be viewed as either (a) the present value of future benefits to be paid to or on behalf of policyholders and expenses less the present value of future net premiums payable under the insurance contracts or (b) the accumulated amount of net premiums already collected less the accumulated amount of benefits and expenses already paid to or on behalf of policyholders. This sum also includes amounts payable to universal life insurance policyholders for which the liability is equal to the account value.

No definition available.