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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues                      
Premiums                 $ 27,059 $ 25,683 $ 24,534
Net investment income                 2,474 2,397 2,302
Fee income                 432 447 458
Net realized investment gains [1]                 114 216 68
Other revenues                 203 159 263
Total revenues $ 7,796 $ 7,723 $ 7,477 $ 7,286 $ 7,451 $ 7,325 $ 7,184 $ 6,942 30,282 28,902 27,625
Claims and expenses                      
Claims and claim adjustment expenses                 18,291 17,467 15,070
Amortization of deferred acquisition costs                 4,381 4,166 3,985
General and administrative expenses                 4,297 4,170 4,154
Interest expense                 352 369 363
Total claims and expenses 7,050 6,917 6,846 6,508 6,591 7,005 6,394 6,182 27,321 26,172 23,572
Income before income taxes 746 806 631 778 860 320 790 760 2,961 2,730 4,053
Income tax expense 125 97 107 109 309 27 195 143 438 674 1,039
Net income $ 621 $ 709 $ 524 $ 669 $ 551 $ 293 $ 595 $ 617 $ 2,523 $ 2,056 $ 3,014
Net income per share                      
Basic (in dollars per share) $ 2.33 $ 2.65 $ 1.93 $ 2.45 $ 2.00 $ 1.06 $ 2.13 $ 2.19 $ 9.37 $ 7.39 $ 10.39
Diluted (in dollars per share) $ 2.32 $ 2.62 $ 1.92 $ 2.42 $ 1.98 $ 1.05 $ 2.11 $ 2.17 $ 9.28 $ 7.33 $ 10.28
Weighted average number of common shares outstanding                      
Basic (in shares)                 267.4 276.0 288.1
Diluted (in shares)                 269.8 278.6 291.0
[1] Total other-than-temporary impairment (OTTI) losses were $(1) million, $(13) million and $(40) million for the years ended December 31, 2018, 2017 and 2016, respectively. Of total OTTI, credit losses of $(1) million, $(14) million and $(29) million for the years ended December 31, 2018, 2017 and 2016, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $0 million, $1 million and $(11) million for the years ended December 31, 2018, 2017 and 2016, respectively, were recognized in other comprehensive income (loss) as part of changes in net unrealized gains (losses) on investment securities having credit losses recognized in the consolidated statement of income.