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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues                      
Premiums                 $ 29,044 $ 28,272 $ 27,059
Net investment income                 2,227 2,468 2,474
Fee income                 429 459 432
Net realized investment gains                 2 113 114
Other revenues                 279 269 203
Total revenues $ 8,397 $ 8,275 $ 7,401 $ 7,908 $ 8,063 $ 8,013 $ 7,834 $ 7,671 31,981 31,581 30,282
Claims and expenses                      
Claims and claim adjustment expenses                 19,123 19,133 18,291
Amortization of deferred acquisition costs                 4,773 4,601 4,381
General and administrative expenses                 4,509 4,365 4,297
Interest expense                 339 344 352
Total claims and expenses 6,781 7,289 7,486 7,188 6,989 7,581 7,169 6,704 28,744 28,443 27,321
Income before income taxes 1,616 986 (85) 720 1,074 432 665 967 3,237 3,138 2,961
Income tax expense 306 159 (45) 120 201 36 108 171 540 516 438
Net income $ 1,310 $ 827 $ (40) $ 600 $ 873 $ 396 $ 557 $ 796 $ 2,697 $ 2,622 $ 2,523
Net income per share                      
Basic (in dollars per share) $ 5.13 $ 3.24 $ (0.16) $ 2.34 $ 3.37 $ 1.52 $ 2.11 $ 3.01 $ 10.56 $ 10.01 $ 9.37
Diluted (in dollars per share) $ 5.10 $ 3.23 $ (0.16) $ 2.33 $ 3.35 $ 1.50 $ 2.10 $ 2.99 $ 10.52 $ 9.92 $ 9.28
Weighted average number of common shares outstanding                      
Basic (in shares)                 253.5 260.0 267.4
Diluted (in shares)                 254.6 262.3 269.8