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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Net earned premiums $ 2,441 $ 2,248
Net investment income 609 525
Net investment losses (22) (35)
Non-insurance warranty revenue 407 407
Other revenues 9 7
Total revenues 3,444 3,152
Claims, Benefits and Expenses    
Insurance claims and policyholders’ benefits (re-measurement (loss) gain of $(15) and $1) 1,807 1,653
Amortization of deferred acquisition costs 444 379
Non-insurance warranty expense 394 384
Other operating expenses 337 337
Interest 35 28
Total claims, benefits and expenses 3,017 2,781
Income before income tax 427 371
Income tax expense (89) (74)
Net income $ 338 $ 297
Basic earnings per share    
Basic earnings per share (in usd per share) $ 1.24 $ 1.10
Diluted earnings per share    
Diluted earnings per share (in usd per share) $ 1.24 $ 1.09
Weighted Average Outstanding Common Stock and Common Stock Equivalents    
Basic (in shares) 271.6 271.3
Diluted (in shares) 272.7 272.3