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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Net earned premiums $ 1,815 $ 1,734 $ 3,600 $ 3,379
Net investment income 506 475 996 1,020
Net realized investment (losses) gains:        
Other-than-temporary impairment losses 0 (2) (6) (4)
Other net realized investment (losses) gains (1) 52 17 90
Net realized investment (losses) gains (1) 50 11 86
Non-insurance warranty revenue (Note J) 248 98 486 191
Other revenues 6 9 16 20
Total revenues 2,574 2,366 5,109 4,696
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits 1,327 1,280 2,666 2,573
Amortization of deferred acquisition costs 359 312 655 617
Non-insurance warranty expense (Note J) 225 72 441 142
Other operating expenses 298 292 601 568
Interest 35 40 70 83
Total claims, benefits and expenses 2,244 1,996 4,433 3,983
Income before income tax 330 370 676 713
Income tax expense (60) (98) (115) (181)
Net income $ 270 $ 272 $ 561 $ 532
Basic earnings per share (in usd per share) $ 0.99 $ 1.01 $ 2.07 $ 1.96
Diluted earnings per share (in usd per share) 0.99 1.00 2.06 1.96
Dividends declared per share (in usd per share) $ 0.30 $ 0.25 $ 2.6 $ 2.5
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Basic (in shares) 271.5 271.1 271.5 271.0
Diluted (in shares) 272.4 271.9 272.4 271.9