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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Net earned premiums $ 8,667 $ 8,175 $ 7,649
Net investment income 1,805 2,159 1,935
Net investment (losses) gains (199) 120 (54)
Non-insurance warranty revenue 1,574 1,430 1,252
Other revenues 32 24 26
Total revenues 11,879 11,908 10,808
Claims, Benefits and Expenses      
Insurance claims and policyholders’ benefits 6,386 6,349 6,170
Amortization of deferred acquisition costs 1,490 1,443 1,410
Non-insurance warranty expense 1,471 1,328 1,159
Other operating expenses 1,339 1,191 1,126
Interest 112 113 122
Total claims, benefits and expenses 10,798 10,424 9,987
Income before income tax 1,081 1,484 821
Income tax expense (187) (282) (131)
Net income $ 894 $ 1,202 $ 690
Basic earnings per share      
Basic earnings per share (in usd per share) $ 3.29 $ 4.42 $ 2.54
Diluted earnings per share      
Diluted earnings per share (in usd per share) $ 3.28 $ 4.41 $ 2.53
Weighted Average Outstanding Common Stock and Common Stock Equivalents      
Basic (in shares) 271.6 271.8 271.6
Diluted (in shares) 272.5 272.8 272.4