XML 16 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Net premium income $ 4,593 $ 4,681
Net investment income 925 904
Net investment gains (losses) 307 (463)
Other income (loss) 44 40
Total revenues 5,869 5,162
Benefits and expenses:    
Benefits and claims, net 2,735 2,939
Acquisition and operating expenses:    
Amortization of deferred policy acquisition costs 311 333
Insurance commissions 326 336
Insurance and other expenses 832 779 [1]
Interest expense 62 55
Total acquisition and operating expenses 1,531 1,503
Total benefits and expenses 4,266 4,442
Earnings before income taxes 1,603 720
Income taxes 310 154
Net earnings $ 1,293 $ 566
Net earnings per share:    
Basic (in dollars per share) $ 1.88 $ 0.78
Diluted (in dollars per share) $ 1.87 $ 0.78
Weighted-average outstanding common shares used in computing earnings per share (In thousands):    
Basic (in shares) 688,938 724,366
Diluted (in shares) 691,940 727,512
Cash dividends per share $ 0.33 $ 0.28
[1] Includes expense of $15 for the early extinguishment of debt