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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues                      
Premiums                 $ 24,534 $ 23,874 $ 23,713
Net investment income                 2,302 2,379 2,787
Fee income                 458 460 450
Net realized investment gains [1]                 68 3 79
Other revenues                 263 99 145
Total revenues $ 7,193 $ 6,961 $ 6,785 $ 6,686 $ 6,678 $ 6,798 $ 6,710 $ 6,629 27,625 26,815 27,174
Claims and expenses                      
Claims and claim adjustment expenses                 15,070 13,723 13,870
Amortization of deferred acquisition costs                 3,985 3,885 3,882
General and administrative expenses                 4,154 4,094 3,964
Interest expense                 363 373 369
Total claims and expenses 5,891 6,014 5,898 5,769 5,469 5,491 5,634 5,481 23,572 22,075 22,085
Income before income taxes 1,302 947 887 917 1,209 1,307 1,076 1,148 4,053 4,740 5,089
Income tax expense 359 231 223 226 343 379 264 315 1,039 1,301 1,397
Net income $ 943 $ 716 $ 664 $ 691 $ 866 $ 928 $ 812 $ 833 $ 3,014 $ 3,439 $ 3,692
Net income per share                      
Basic $ 3.32 $ 2.48 $ 2.27 $ 2.33 $ 2.87 $ 3.00 $ 2.56 $ 2.58 $ 10.39 $ 10.99 $ 10.82
Diluted $ 3.28 $ 2.45 $ 2.24 $ 2.30 $ 2.83 $ 2.97 $ 2.53 $ 2.55 $ 10.28 $ 10.88 $ 10.70
Weighted average number of common shares outstanding                      
Basic                 288.1 310.6 338.8
Diluted                 291.0 313.9 342.5
Cash dividends declared per common share                 $ 2.62 $ 2.38 $ 2.15
[1] Total other-than-temporary impairment (OTTI) losses were $(40) million, $(54) million and $(22) million for the years ended December 31, 2016, 2015 and 2014, respectively. Of total OTTI, credit losses of $(29) million, $(52) million and $(26) million for the years ended December 31, 2016, 2015 and 2014, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $(11) million, $(2) million and $4 million for the years ended December 31, 2016, 2015 and 2014, 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.