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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Net premium income $ 4,372 $ 4,623 $ 13,406 $ 13,969
Net investment income 991 896 2,908 2,669
Net investment gains (losses) (171) 108 224 (525)
Other income (loss) 45 38 132 121
Total revenues 5,237 5,665 16,670 16,234
Benefits and expenses:        
Benefits and claims, net 2,609 2,985 7,996 8,822
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 278 292 869 914
Insurance commissions 311 325 952 993
Insurance and other expenses [1] 869 847 2,582 2,382
Interest expense 57 63 181 181
Total acquisition and operating expenses 1,515 1,527 4,584 4,470
Total benefits and expenses 4,124 4,512 12,580 13,292
Earnings before income taxes 1,113 1,153 4,090 2,942
Income taxes 225 (1,303) 804 (884)
Net earnings $ 888 $ 2,456 $ 3,286 $ 3,826
Net earnings per share:        
Basic (in dollars per share) $ 1.33 $ 3.45 $ 4.84 $ 5.33
Diluted (in dollars per share) $ 1.32 $ 3.44 $ 4.82 $ 5.31
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 668,762 711,698 678,509 717,962
Diluted (in shares) 671,925 713,793 681,521 720,333
Cash dividends per share $ 0.33 $ 0.28 $ 0.99 $ 0.84
[1] Includes expense of $48 and $15 for the nine-month periods ended September 30, 2021 and 2020, respectively, for the early extinguishment of debt.