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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Premiums $ 5,928 $ 5,603 $ 11,751 $ 11,120
Net investment income 695 687 1,431 1,357
Fee income 112 82 219 179
Net realized investment gains 16 [1] 167 [1] 17 [1] 177 [1]
Other revenues 34 135 75 169
Total revenues 6,785 6,674 13,493 13,002
Claims and expenses        
Claims and claim adjustment expenses 3,826 3,530 7,141 6,683
Amortization of deferred acquisition costs 965 950 1,915 1,898
General and administrative expenses 1,001 931 1,882 1,846
Interest expense 92 86 184 178
Total claims and expenses 5,884 5,497 11,122 10,605
Income before income taxes 901 1,177 2,371 2,397
Income tax expense 218 252 636 576
Net income $ 683 $ 925 $ 1,735 $ 1,821
Net income per share        
Net income per share, basic $ 1.98 $ 2.44 $ 4.97 $ 4.80
Net income per share, diluted $ 1.95 $ 2.41 $ 4.91 $ 4.75
Weighted average number of common shares outstanding        
Weighted average number of common shares outstanding, basic 343.0 375.9 346.9 376.8
Weighted average number of common shares outstanding, diluted 346.7 379.9 350.5 380.8
[1] Total other-than-temporary impairment (OTTI) gains (losses) were $(1) million and $(1) million for the three months ended June 30, 2014 and 2013, respectively, and $(8) million and $(1) million for the six months ended June 30, 2014 and 2013, respectively. Of total OTTI, credit losses of $(1) million and $(2) million for the three months ended June 30, 2014 and 2013, respectively, and $(10) million and $(7) million for the six months ended June 30, 2014 and 2013, respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $0 million and $1 million for the three months ended June 30, 2014 and 2013, respectively, and $2 million and $6 million for the six months ended June 30, 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.