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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Earned premiums $ 1,456 $ 1,333
Investment income, net of expenses 165 157
Investment gains and losses, net (1,725) 663
Fee revenues 3 4
Other revenues 2 2
Total revenues (99) 2,159
Benefits and Expenses    
Insurance losses and contract holders' benefits 1,003 860
Underwriting, acquisition and insurance expenses 456 411
Interest expense 13 13
Other operating expenses 5 8
Total benefits and expenses 1,477 1,292
Income (Loss) Before Income Taxes (1,576) 867
Provision (Benefit) for Income Taxes    
Current 3 28
Deferred (353) 144
Total provision (benefit) for income taxes (350) 172
Net Income (Loss) $ (1,226) $ 695
Per Common Share    
Net income (loss)—basic $ (7.56) $ 4.27
Net income (loss)—diluted $ (7.56) $ 4.22