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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Premiums $ 6,988 $ 6,695 $ 13,843 $ 13,232
Net investment income 648 595 1,230 1,198
Fee income 116 112 225 215
Net realized investment gains [1] 25 36 78 25
Other revenues 57 39 129 93
Total revenues 7,834 7,477 15,505 14,763
Claims and expenses        
Claims and claim adjustment expenses 4,821 4,562 9,263 8,858
Amortization of deferred acquisition costs 1,134 1,081 2,251 2,142
General and administrative expenses 1,125 1,113 2,182 2,175
Interest expense 89 90 177 179
Total claims and expenses 7,169 6,846 13,873 13,354
Income before income taxes 665 631 1,632 1,409
Income tax expense 108 107 279 216
Net income $ 557 $ 524 $ 1,353 $ 1,193
Net income per share        
Basic (in dollars per share) $ 2.11 $ 1.93 $ 5.12 $ 4.39
Diluted (in dollars per share) $ 2.10 $ 1.92 $ 5.08 $ 4.35
Weighted average number of common shares outstanding        
Basic (in shares) 261.3 268.7 262.1 269.8
Diluted (in shares) 263.7 271.1 264.2 272.5
Cash dividends declared per common share (in dollars per share) $ 0.82 $ 0.77 $ 1.59 $ 1.49
[1]
Total other-than-temporary impairment (OTTI) gains (losses) were $(1) million for each of the three months ended June 30, 2019 and 2018, and $(2) million and $(1) million for the six months ended June 30, 2019 and June 30, 2018, respectively.  Of total OTTI, credit losses of $(1) million for each of the three months ended June 30, 2019 and 2018, and $(2) million and $(1) million for the six months ended June 30, 2019 and June 30, 2018, respectively, were recognized in net realized investment gains.  In addition, unrealized gains (losses) from other changes in total OTTI of $0 million for each of the three months and six months ended June 30, 2019 and 2018 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.