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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Earned premiums $ 1,333 $ 1,260
Investment income, net of expenses 157 150
Investment gains and losses, net 663 (191)
Fee revenues 4 4
Other revenues 2 1
Total revenues 2,159 1,224
Benefits and Expenses    
Insurance losses and contract holders' benefits 860 854
Underwriting, acquisition and insurance expenses 411 403
Interest expense 13 13
Other operating expenses 8 4
Total benefits and expenses 1,292 1,274
Income (Loss) Before Income Taxes 867 (50)
Provision (Benefit) for Income Taxes    
Current 28 28
Deferred 144 (47)
Total provision (benefit) for income taxes 172 (19)
Net Income (Loss) $ 695 $ (31)
Per Common Share    
Net income (loss)—basic $ 4.27 $ (0.19)
Net income (loss)—diluted $ 4.22 $ (0.19)