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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Net earned premiums $ 2,035 $ 1,850 $ 3,997 $ 3,719
Net investment income 591 534 1,095 863
Net investment gains (losses) 38 69 95 (147)
Non-insurance warranty revenue 359 308 697 609
Other revenues 6 5 11 13
Total revenues 3,029 2,766 5,895 5,057
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits 1,546 1,642 3,052 3,067
Amortization of deferred acquisition costs 357 342 716 686
Non-insurance warranty expense 332 285 643 566
Other operating expenses 303 284 587 583
Interest 29 31 57 62
Total claims, benefits and expenses 2,567 2,584 5,055 4,964
Income before income tax 462 182 840 93
Income tax expense (94) (31) (160) (3)
Net income $ 368 $ 151 $ 680 $ 90
Basic earnings per share        
Basic earnings per share (in usd per share) $ 1.35 $ 0.56 $ 2.50 $ 0.33
Diluted earnings per share        
Diluted earnings per share (in usd per share) $ 1.35 $ 0.55 $ 2.49 $ 0.33
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Basic (in shares) 271.9 271.5 271.9 271.5
Diluted (in shares) 272.8 272.0 272.9 272.3