XML 40 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Premiums $ 5,931 $ 5,928 $ 11,819 $ 11,751
Net investment income 632 695 1,224 1,431
Fee income 111 112 222 219
Net realized investment gains [1] 10 16 20 17
Other revenues 22 34 47 75
Total revenues 6,706 6,785 13,332 13,493
Claims and expenses        
Claims and claim adjustment expenses 3,547 3,826 6,978 7,141
Amortization of deferred acquisition costs 963 965 1,926 1,915
General and administrative expenses 1,028 1,001 2,020 1,882
Interest expense 92 92 184 184
Total claims and expenses 5,630 5,884 11,108 11,122
Income before income taxes 1,076 901 2,224 2,371
Income tax expense 264 218 579 636
Net income $ 812 $ 683 $ 1,645 $ 1,735
Net income per share        
Basic $ 2.56 $ 1.98 $ 5.14 $ 4.97
Diluted $ 2.53 $ 1.95 $ 5.08 $ 4.91
Weighted average number of common shares outstanding        
Basic 314.8 343.0 317.7 346.9
Diluted 318.0 346.7 321.2 350.5
Cash dividends declared per common share $ 0.61 $ 0.55 $ 1.16 $ 1.05
[1] Total other-than-temporary impairment (OTTI) losses were $(8) million and $(1) million for the three months ended June 30, 2015 and 2014, respectively, and $(12) million and $(8) million for the six months ended June 30, 2015 and 2014, respectively. Of total OTTI, credit losses of $(6) million and $(1) million for the three months ended June 30, 2015 and 2014, respectively, and $(9) million and $(10) million for the six months ended June 30, 2015 and 2014, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $(2) million and $0 million for the three months ended June 30, 2015 and 2014, respectively, and $(3) million and $2 million for the six months ended June 30, 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.