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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Net earned premiums $ 7,428 $ 7,312 $ 6,988
Net investment income 2,118 1,817 2,034
Net investment gains (losses):      
Other-than-temporary impairment losses (44) (21) (14)
Other net investment gains (losses) 73 (31) 107
Net investment gains (losses) 29 (52) 93
Non-insurance warranty revenue 1,161 1,007 390
Other revenues 31 50 37
Total revenues 10,767 10,134 9,542
Claims, Benefits and Expenses      
Insurance claims and policyholders’ benefits 5,806 5,572 5,310
Amortization of deferred acquisition costs 1,383 1,335 1,233
Non-insurance warranty expense 1,082 923 299
Other operating expenses 1,142 1,202 1,229
Interest 131 138 161
Total claims, benefits and expenses 9,544 9,170 8,232
Income before income tax 1,223 964 1,310
Income tax expense (223) (151) (411)
Net income $ 1,000 $ 813 $ 899
Basic earnings per share      
Basic earnings per share (in usd per share) $ 3.68 $ 2.99 $ 3.32
Diluted earnings per share      
Diluted earnings per share (in usd per share) $ 3.67 $ 2.98 $ 3.30
Weighted Average Outstanding Common Stock and Common Stock Equivalents      
Basic (in shares) 271.6 271.5 271.1
Diluted (in shares) 272.5 272.5 272.1