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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Earned premiums $ 1,773 $ 1,593 $ 3,463 $ 3,137
Investment income, net of expenses 195 175 380 349
Investment gains and losses, net (1,154) 520 (1,820) 1,024
Fee revenues 3 4 7 7
Other revenues 3 3 5 5
Total revenues 820 2,295 2,035 4,522
Benefits and Expenses        
Insurance losses and contract holders' benefits 1,309 915 2,348 1,918
Underwriting, acquisition and insurance expenses 534 490 1,053 929
Interest expense 13 13 26 26
Other operating expenses 5 5 9 9
Total benefits and expenses 1,861 1,423 3,436 2,882
Income (Loss) Before Income Taxes (1,041) 872 (1,401) 1,640
Provision (Benefit) for Income Taxes        
Current 30 75 71 111
Deferred (263) 94 (391) 206
Total provision (benefit) for income taxes (233) 169 (320) 317
Net Income (Loss) $ (808) $ 703 $ (1,081) $ 1,323
Per Common Share        
Net income (loss)—basic $ (5.06) $ 4.36 $ (6.76) $ 8.21
Net income (loss)—diluted $ (5.06) $ 4.31 $ (6.76) $ 8.13