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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Earned premiums $ 2,071 $ 1,918
Investment income, net of expenses 245 210
Investment gains and losses, net 612 106
Fee revenues 4 4
Other revenues 3 3
Total revenues 2,935 2,241
Benefits and Expenses    
Insurance losses and contract holders' benefits 1,349 1,398
Underwriting, acquisition and insurance expenses 616 556
Interest expense 13 14
Other operating expenses 4 5
Total benefits and expenses 1,982 1,973
Income Before Income Taxes 953 268
Provision for Income Taxes    
Current 61 16
Deferred 137 27
Total provision for income taxes 198 43
Net Income $ 755 $ 225
Per Common Share    
Net income — basic $ 4.82 $ 1.43
Net income — diluted $ 4.78 $ 1.42