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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Net earned premiums $ 1,890 $ 1,853 $ 5,517 $ 5,453
Net investment income 487 487 1,573 1,483
Net investment gains:        
Other-than-temporary impairment losses (14) (3) (34) (9)
Other net investment gains 21 17 54 34
Net investment gains 7 14 20 25
Non-insurance warranty revenue 292 258 858 744
Other revenues 9 10 22 26
Total revenues 2,685 2,622 7,990 7,731
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits 1,614 1,312 4,323 3,978
Amortization of deferred acquisition costs 345 337 1,025 992
Non-insurance warranty expense 278 235 801 676
Other operating expenses 289 302 853 903
Interest 32 34 100 104
Total claims, benefits and expenses 2,558 2,220 7,102 6,653
Income before income tax 127 402 888 1,078
Income tax expense (20) (66) (161) (181)
Net income $ 107 $ 336 $ 727 $ 897
Basic earnings per share        
Basic earnings per share (in usd per share) $ 0.39 $ 1.24 $ 2.68 $ 3.30
Diluted earnings per share        
Diluted earnings per share (in usd per share) $ 0.39 $ 1.23 $ 2.67 $ 3.29
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Basic (in shares) 271.6 271.6 271.6 271.5
Diluted (in shares) 272.6 272.5 272.5 272.4