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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Earned premiums $ 1,522 $ 1,446 $ 4,460 $ 4,163
Investment income, net of expenses 167 161 498 478
Investment gains and losses, net 533 86 (132) 1,113
Fee revenues 2 4 8 11
Other revenues 3 3 8 7
Total revenues 2,227 1,700 4,842 5,772
Benefits and Expenses        
Insurance losses and contract holders' benefits 1,143 932 3,232 2,728
Underwriting, acquisition and insurance expenses 452 455 1,372 1,296
Interest expense 13 14 40 40
Other operating expenses 5 5 15 17
Total benefits and expenses 1,613 1,406 4,659 4,081
Income Before Income Taxes 614 294 183 1,691
Provision (Benefit) for Income Taxes        
Current 55 28 81 84
Deferred 75 18 (65) 236
Total provision for income taxes 130 46 16 320
Net Income $ 484 $ 248 $ 167 $ 1,371
Per Common Share        
Net income—basic $ 3.01 $ 1.51 $ 1.03 $ 8.40
Net income—diluted $ 2.99 $ 1.49 $ 1.03 $ 8.30