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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Earned premiums $ 1,384 $ 1,294 $ 2,717 $ 2,554
Investment income, net of expenses 160 154 317 304
Investment gains and losses, net 364 105 1,027 (86)
Fee revenues 3 4 7 8
Other revenues 2 1 4 2
Total revenues 1,913 1,558 4,072 2,782
Benefits and Expenses        
Insurance losses and contract holders' benefits 936 883 1,796 1,737
Underwriting, acquisition and insurance expenses 430 395 841 798
Interest expense 13 13 26 26
Other operating expenses 4 3 12 7
Total benefits and expenses 1,383 1,294 2,675 2,568
Income Before Income Taxes 530 264 1,397 214
Provision (Benefit) for Income Taxes        
Current 28 33 56 61
Deferred 74 14 218 (33)
Total provision for income taxes 102 47 274 28
Net Income $ 428 $ 217 $ 1,123 $ 186
Per Common Share        
Net income—basic $ 2.62 $ 1.33 $ 6.89 $ 1.13
Net income—diluted $ 2.59 $ 1.32 $ 6.81 $ 1.12