XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Premiums $ 6,855 $ 6,537
Net investment income 582 603
Fee income 109 103
Net realized investment gains (losses) [1] 53 (11)
Other revenues 72 54
Total revenues 7,671 7,286
Claims and expenses    
Claims and claim adjustment expenses 4,442 4,296
Amortization of deferred acquisition costs 1,117 1,061
General and administrative expenses 1,057 1,062
Interest expense 88 89
Total claims and expenses 6,704 6,508
Income before income taxes 967 778
Income tax expense 171 109
Net income $ 796 $ 669
Net income per share    
Basic (in dollars per share) $ 3.01 $ 2.45
Diluted (in dollars per share) $ 2.99 $ 2.42
Weighted average number of common shares outstanding    
Basic (in shares) 262.9 271.0
Diluted (in shares) 264.8 273.9
Cash dividends declared per common share (in dollars per share) $ 0.77 $ 0.72
[1] Total other-than-temporary impairment (OTTI) gains (losses) were $(1) million and $0 for the three months ended March 31, 2019 and 2018, respectively. Of total OTTI, credit losses of $(1) million and $0 for the three months ended March 31, 2019 and 2018, respectively, were recognized in net realized investment gains (losses). In addition, unrealized gains (losses) from other changes in total OTTI of $0 for each of the three months ended March 31, 2019 and 2018, 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.