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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Earned premiums $ 1,446 $ 1,298 $ 4,163 $ 3,852
Investment income, net of expenses 161 154 478 458
Investment gains and losses, net 86 458 1,113 372
Fee revenues 4 3 11 11
Other revenues 3 2 7 4
Total revenues 1,700 1,915 5,772 4,697
Benefits and Expenses        
Insurance losses and contract holders' benefits 932 879 2,728 2,616
Underwriting, acquisition and insurance expenses 455 401 1,296 1,199
Interest expense 14 14 40 40
Other operating expenses 5 3 17 10
Total benefits and expenses 1,406 1,297 4,081 3,865
Income Before Income Taxes 294 618 1,691 832
Provision (Benefit) for Income Taxes        
Current 28 (98) 84 (37)
Deferred 18 163 236 130
Total provision for income taxes 46 65 320 93
Net Income $ 248 $ 553 $ 1,371 $ 739
Per Common Share        
Net income—basic $ 1.51 $ 3.40 $ 8.40 $ 4.53
Net income—diluted $ 1.49 $ 3.38 $ 8.30 $ 4.49