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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues                      
Premiums                 $ 23,874 $ 23,713 $ 22,637
Net investment income                 2,379 2,787 2,716
Fee income                 445 438 395
Net realized investment gains [1]                 3 79 166
Other revenues                 99 145 277
Total revenues $ 6,674 $ 6,794 $ 6,706 $ 6,626 $ 6,783 $ 6,886 $ 6,785 $ 6,708 26,800 27,162 26,191
Claims and expenses                      
Claims and claim adjustment expenses                 13,723 13,870 13,307
Amortization of deferred acquisition costs                 3,885 3,882 3,821
General and administrative expenses                 4,079 3,952 3,757
Interest expense                 373 369 361
Total claims and expenses 5,465 5,487 5,630 5,478 5,323 5,628 5,884 5,238 22,060 22,073 21,246
Income before income taxes 1,209 1,307 1,076 1,148 1,460 1,258 901 1,470 4,740 5,089 4,945
Income tax expense 343 379 264 315 422 339 218 418 1,301 1,397 1,272
Net income $ 866 $ 928 $ 812 $ 833 $ 1,038 $ 919 $ 683 $ 1,052 $ 3,439 $ 3,692 $ 3,673
Net income per share                      
Basic $ 2.87 $ 3.00 $ 2.56 $ 2.58 $ 3.15 $ 2.72 $ 1.98 $ 2.98 $ 10.99 $ 10.82 $ 9.84
Diluted $ 2.83 $ 2.97 $ 2.53 $ 2.55 $ 3.11 $ 2.69 $ 1.95 $ 2.95 $ 10.88 $ 10.70 $ 9.74
Weighted average number of common shares outstanding                      
Basic                 310.6 338.8 370.3
Diluted                 313.9 342.5 374.3
Cash dividends declared per common share                 $ 2.38 $ 2.15 $ 1.96
[1] Total other-than-temporary impairment (OTTI) losses were $(54) million, $(22) million and $(10) million for the years ended December 31, 2015, 2014 and 2013, respectively. Of total OTTI, credit losses of $(52) million, $(26) million and $(15) million for the years ended December 31, 2015, 2014 and 2013, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $(2) million, $4 million and $5 million for the years ended December 31, 2015, 2014 and 2013, respectively, were recognized in other comprehensive income (loss) as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.