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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Earned premiums $ 1,544 $ 1,456
Investment income, net of expenses 174 165
Investment gains and losses, net 504 (1,725)
Fee revenues 3 3
Other revenues 2 2
Total revenues 2,227 (99)
Benefits and Expenses    
Insurance losses and contract holders' benefits 1,003 1,003
Underwriting, acquisition and insurance expenses 439 456
Interest expense 13 13
Other operating expenses 4 5
Total benefits and expenses 1,459 1,477
Income Before Income Taxes 768 (1,576)
Provision (Benefit) for Income Taxes    
Current 36 3
Deferred 112 (353)
Total provision (benefit) for income taxes 148 (350)
Net Income (Loss) $ 620 $ (1,226)
Per Common Share    
Net income (loss)—basic $ 3.85 $ (7.56)
Net income (loss)—diluted $ 3.82 $ (7.56)