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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues                      
Premiums                 $ 25,683 $ 24,534 $ 23,874
Net investment income                 2,397 2,302 2,379
Fee income                 447 458 460
Net realized investment gains [1]                 216 68 3
Other revenues                 159 263 99
Total revenues $ 7,451 $ 7,325 $ 7,184 $ 6,942 $ 7,193 $ 6,961 $ 6,785 $ 6,686 28,902 27,625 26,815
Claims and expenses                      
Claims and claim adjustment expenses                 17,467 15,070 13,723
Amortization of deferred acquisition costs                 4,166 3,985 3,885
General and administrative expenses                 4,170 4,154 4,094
Interest expense                 369 363 373
Total claims and expenses 6,591 7,005 6,394 6,182 5,891 6,014 5,898 5,769 26,172 23,572 22,075
Income before income taxes 860 320 790 760 1,302 947 887 917 2,730 4,053 4,740
Income tax expense 309 27 195 143 359 231 223 226 674 1,039 1,301
Net income $ 551 $ 293 $ 595 $ 617 $ 943 $ 716 $ 664 $ 691 $ 2,056 $ 3,014 $ 3,439
Net income per share                      
Basic (in dollars per share) $ 2.00 $ 1.06 $ 2.13 $ 2.19 $ 3.32 $ 2.48 $ 2.27 $ 2.33 $ 7.39 $ 10.39 $ 10.99
Diluted (in dollars per share) $ 1.98 $ 1.05 $ 2.11 $ 2.17 $ 3.28 $ 2.45 $ 2.24 $ 2.30 $ 7.33 $ 10.28 $ 10.88
Weighted average number of common shares outstanding                      
Basic (in shares)                 276.0 288.1 310.6
Diluted (in shares)                 278.6 291.0 313.9
Cash dividends declared per common share (in dollars per share)                 $ 2.83 $ 2.62 $ 2.38
[1] Total other-than-temporary impairment (OTTI) losses were $(13) million, $(40) million and $(54) million for the years ended December 31, 2017, 2016 and 2015, respectively. Of total OTTI, credit losses of $(14) million, $(29) million and $(52) million for the years ended December 31, 2017, 2016 and 2015, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $1 million, $(11) million and $(2) million for the years ended December 31, 2017, 2016 and 2015, 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 statements of income.