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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Earned premiums $ 1,669 $ 1,522 $ 4,806 $ 4,460
Investment income, net of expenses 179 167 528 498
Investment gains and losses, net (70) 533 954 (132)
Fee revenues 4 2 11 8
Other revenues 3 3 8 8
Total revenues 1,785 2,227 6,307 4,842
Benefits and Expenses        
Insurance losses and contract holders' benefits 1,072 1,143 2,990 3,232
Underwriting, acquisition and insurance expenses 511 452 1,440 1,372
Interest expense 13 13 39 40
Other operating expenses 5 5 14 15
Total benefits and expenses 1,601 1,613 4,483 4,659
Income Before Income Taxes 184 614 1,824 183
Provision (Benefit) for Income Taxes        
Current 55 55 166 81
Deferred (24) 75 182 (65)
Total provision for income taxes 31 130 348 16
Net Income $ 153 $ 484 $ 1,476 $ 167
Per Common Share        
Net income—basic $ 0.95 $ 3.01 $ 9.16 $ 1.03
Net income—diluted $ 0.94 $ 2.99 $ 9.07 $ 1.03