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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Earned premiums $ 1,690 $ 1,544
Investment income, net of expenses 185 174
Investment gains and losses, net (666) 504
Fee revenues 4 3
Other revenues 2 2
Total revenues 1,215 2,227
Benefits and Expenses    
Insurance losses and contract holders' benefits 1,039 1,003
Underwriting, acquisition and insurance expenses 519 439
Interest expense 13 13
Other operating expenses 4 4
Total benefits and expenses 1,575 1,459
Income (Loss) Before Income Taxes (360) 768
Provision (Benefit) for Income Taxes    
Current 41 36
Deferred (128) 112
Total provision (benefit) for income taxes (87) 148
Net Income (Loss) $ (273) $ 620
Per Common Share    
Net income (loss)—basic $ (1.70) $ 3.85
Net income (loss)—diluted $ (1.70) $ 3.82