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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Net earned premiums $ 7,649 $ 7,428 $ 7,312
Net investment income 1,935 2,118 1,817
Net investment (losses) gains (54) 29 (52)
Non-insurance warranty revenue 1,252 1,161 1,007
Other revenues 26 31 50
Total revenues 10,808 10,767 10,134
Claims, Benefits and Expenses      
Insurance claims and policyholders’ benefits 6,170 5,806 5,572
Amortization of deferred acquisition costs 1,410 1,383 1,335
Non-insurance warranty expense 1,159 1,082 923
Other operating expenses 1,126 1,142 1,202
Interest 122 131 138
Total claims, benefits and expenses 9,987 9,544 9,170
Income before income tax 821 1,223 964
Income tax expense (131) (223) (151)
Net income $ 690 $ 1,000 $ 813
Basic earnings per share      
Basic earnings per share (in usd per share) $ 2.54 $ 3.68 $ 2.99
Diluted earnings per share      
Diluted earnings per share (in usd per share) $ 2.53 $ 3.67 $ 2.98
Weighted Average Outstanding Common Stock and Common Stock Equivalents      
Basic (in shares) 271.6 271.6 271.5
Diluted (in shares) 272.4 272.5 272.5