XML 35 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Premiums $ 7,179 $ 6,882 $ 21,022 $ 20,114
Net investment income 622 646 1,852 1,844
Fee income 121 109 346 324
Net realized investment gains [1] 23 29 101 54
Other revenues 68 57 197 150
Total revenues 8,013 7,723 23,518 22,486
Claims and expenses        
Claims and claim adjustment expenses 5,230 4,655 14,493 13,513
Amortization of deferred acquisition costs 1,169 1,117 3,420 3,259
General and administrative expenses 1,098 1,059 3,280 3,234
Interest expense 84 86 261 265
Total claims and expenses 7,581 6,917 21,454 20,271
Income before income taxes 432 806 2,064 2,215
Income tax expense 36 97 315 313
Net income $ 396 $ 709 $ 1,749 $ 1,902
Net income per share        
Basic (in dollars per share) $ 1.52 $ 2.65 $ 6.65 $ 7.03
Diluted (in dollars per share) $ 1.50 $ 2.62 $ 6.59 $ 6.97
Weighted average number of common shares outstanding        
Basic (in shares) 259.2 266.1 261.1 268.6
Diluted (in shares) 261.8 268.4 263.4 271.1
Cash dividends declared per common share (in dollars per share) $ 0.82 $ 0.77 $ 2.41 $ 2.26
[1]
Total other-than-temporary impairment (OTTI) losses were $0 million for each of the three months ended September 30, 2019 and 2018, and $(2) million and $(1) million for the nine months ended September 30, 2019 and September 30, 2018, respectively.  Of total OTTI, credit losses of $0 million for each of the three months ended September 30, 2019 and 2018, and $(2) million and $(1) million for the nine months ended September 30, 2019 and September 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 nine months ended September 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.