XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net earned premiums $ 2,221 $ 2,059 $ 6,435 $ 6,056
Net investment income 422 513 1,302 1,608
Net investment (losses) gains (96) 22 (166) 117
Non-insurance warranty revenue 399 357 1,173 1,054
Other revenues 11 8 24 19
Total revenues 2,957 2,959 8,768 8,854
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits 1,665 1,632 4,703 4,684
Amortization of deferred acquisition costs 383 368 1,101 1,084
Non-insurance warranty expense 371 330 1,092 973
Other operating expenses 346 287 1,001 874
Interest 28 28 84 85
Total claims, benefits and expenses 2,793 2,645 7,981 7,700
Income before income tax 164 314 787 1,154
Income tax expense (36) (58) (141) (218)
Net income $ 128 $ 256 $ 646 $ 936
Basic earnings per share (in usd per share) $ 0.47 $ 0.94 $ 2.38 $ 3.44
Diluted earnings per share (in usd per share) $ 0.47 $ 0.94 $ 2.37 $ 3.43
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Weighted average shares outstanding (in shares) 271.4 271.7 271.7 271.8
Diluted (in shares) 272.3 272.7 272.6 272.8