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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Net earned premiums $ 2,059 $ 1,953 $ 6,056 $ 5,672
Net investment income 513 517 1,608 1,380
Net investment gains (losses) 22 27 117 (120)
Non-insurance warranty revenue 357 317 1,054 926
Other revenues 8 6 19 19
Total revenues 2,959 2,820 8,854 7,877
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits 1,632 1,616 4,684 4,683
Amortization of deferred acquisition costs 368 360 1,084 1,046
Non-insurance warranty expense 330 293 973 859
Other operating expenses 287 269 874 852
Interest 28 32 85 94
Total claims, benefits and expenses 2,645 2,570 7,700 7,534
Income before income tax 314 250 1,154 343
Income tax expense (58) (37) (218) (40)
Net income $ 256 $ 213 $ 936 $ 303
Basic earnings per share        
Basic earnings per share (in usd per share) $ 0.94 $ 0.79 $ 3.44 $ 1.12
Diluted earnings per share        
Diluted earnings per share (in usd per share) $ 0.94 $ 0.79 $ 3.43 $ 1.11
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Basic (in shares) 271.7 271.7 271.8 271.6
Diluted (in shares) 272.7 272.3 272.8 272.3