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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Schedule of quarterly financial information
The following tables present unaudited quarterly financial data.
2016
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
First
 
Second
 
Third
 
Fourth
 
Full Year
Revenues
$
2,195

 
$
2,348

 
$
2,433

 
$
2,390

 
$
9,366

Net income (loss) (1)
$
66

 
$
209

 
$
343

 
$
241

 
$
859

Basic earnings (loss) per share
$
0.25

 
$
0.77

 
$
1.27

 
$
0.89

 
$
3.18

Diluted earnings (loss) per share
$
0.24

 
$
0.77

 
$
1.26

 
$
0.89

 
$
3.17

2015
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
First
 
Second
 
Third
 
Fourth
 
Full Year
Revenues
$
2,352

 
$
2,327

 
$
2,153

 
$
2,269

 
$
9,101

Net income (loss) (1) (2)
$
233

 
$
138

 
$
178

 
$
(70
)
 
$
479

Basic earnings (loss) per share
$
0.86

 
$
0.51

 
$
0.66

 
$
(0.26
)
 
$
1.77

Diluted earnings (loss) per share
$
0.86

 
$
0.51

 
$
0.66

 
$
(0.26
)
 
$
1.77


(1)
Net income (loss) in the first quarter of 2016 and the second quarter of 2015 included a charge related to the application of retroactive reinsurance accounting to adverse reserve development ceded under the 2010 A&EP Loss Portfolio Transfer in our Corporate & Other Non-Core segment.
(2)
Net income (loss) in the fourth quarter of 2015 included a charge related to recognition of a premium deficiency in our long term care business.