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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Net premium income $ 4,441 $ 4,664 $ 9,034 $ 9,346
Net investment income 993 870 1,918 1,774
Net investment gains (losses) 89 (170) 396 (633)
Other income (loss) 41 43 85 82
Total revenues 5,564 5,407 11,433 10,569
Benefits and expenses:        
Benefits and claims, net 2,653 2,897 5,387 5,837
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 280 289 592 622
Insurance commissions 315 332 641 668
Insurance and other expenses [1] 881 756 1,712 1,536
Interest expense 62 63 124 117
Total acquisition and operating expenses 1,538 1,440 3,069 2,943
Total benefits and expenses 4,191 4,337 8,456 8,780
Earnings before income taxes 1,373 1,070 2,977 1,789
Income taxes 268 265 579 419
Net earnings $ 1,105 $ 805 $ 2,398 $ 1,370
Net earnings per share:        
Basic (in dollars per share) $ 1.63 $ 1.12 $ 3.51 $ 1.90
Diluted (in dollars per share) $ 1.62 $ 1.12 $ 3.49 $ 1.89
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 678,050 717,889 683,464 721,128
Diluted (in shares) 680,920 719,764 686,400 723,638
Cash dividends per share $ 0.33 $ 0.28 $ 0.66 $ 0.56
[1] Includes expense of $48 for the three- and six-month periods ended June 30, 2021 and $15 for the six-month period ended June 30, 2020 for the early extinguishment of debt.