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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Earned premiums $ 1,918 $ 1,693
Investment income, net of expenses 210 185
Investment gains and losses, net 106 (666)
Fee revenues 4 4
Other revenues 3 2
Total revenues 2,241 1,218
Benefits and Expenses    
Insurance losses and contract holders' benefits 1,398 1,032
Underwriting, acquisition and insurance expenses 556 520
Interest expense 14 13
Other operating expenses 5 4
Total benefits and expenses 1,973 1,569
Income (Loss) Before Income Taxes 268 (351)
Provision (Benefit) for Income Taxes    
Current 16 41
Deferred 27 (126)
Total provision (benefit) for income taxes 43 (85)
Net Income (Loss) $ 225 $ (266)
Per Common Share    
Net income (loss)—basic $ 1.43 $ (1.66)
Net income (loss)—diluted $ 1.42 $ (1.66)