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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net premium income $ 4,623 $ 4,736 $ 13,969 $ 14,109
Net investment income 896 936 2,669 2,692
Net investment gains (losses) 108 (153) (525) (147)
Other income (loss) 38 17 121 50
Total revenues 5,665 5,536 16,234 16,704
Benefits and expenses:        
Benefits and claims, net 2,985 3,027 8,822 8,958
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 292 317 914 967
Insurance commissions 325 330 993 990
Insurance and other expenses 847 769 2,382 [1] 2,230
Interest expense 63 57 181 171
Total acquisition and operating expenses 1,527 1,473 4,470 4,358
Total benefits and expenses 4,512 4,500 13,292 13,316
Earnings before income taxes 1,153 1,036 2,942 3,388
Income taxes (1,303) 259 (884) 865
Net earnings $ 2,456 $ 777 $ 3,826 $ 2,523
Net earnings per share:        
Basic (in dollars per share) $ 3.45 $ 1.05 $ 5.33 $ 3.38
Diluted (in dollars per share) $ 3.44 $ 1.04 $ 5.31 $ 3.37
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 711,698 739,946 717,962 745,465
Diluted (in shares) 713,793 743,842 720,333 749,452
Cash dividends per share $ 0.28 $ 0.27 $ 0.84 $ 0.81
4.00% senior notes paid January 2020        
Expense on extinguishment of debt     $ 15  
[1] Includes expense of $15 for the early extinguishment of debt