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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Premiums $ 5,981 $ 5,888
Net investment income 544 592
Fee income 117 114
Net realized investment gains (losses) [1] (9) 10
Other revenues 53 25
Total revenues 6,686 6,629
Claims and expenses    
Claims and claim adjustment expenses 3,712 3,431
Amortization of deferred acquisition costs 971 963
General and administrative expenses 995 995
Interest expense 91 92
Total claims and expenses 5,769 5,481
Income before income taxes 917 1,148
Income tax expense 226 315
Net income $ 691 $ 833
Net income per share    
Basic $ 2.33 $ 2.58
Diluted $ 2.30 $ 2.55
Weighted average number of common shares outstanding    
Basic 294.2 320.8
Diluted 297.9 324.5
Cash dividends declared per share $ 0.61 $ 0.55
[1] Total other-than-temporary impairment (OTTI) losses were $(28) million and $(4) million for the three months ended March 31, 2016 and 2015, respectively. Of total OTTI, credit losses of $(18) million and $(3) million for the three months ended March 31, 2016 and 2015, respectively, were recognized in net realized investment gains (losses). In addition, unrealized losses from other changes in total OTTI of $(10) million and $(1) million for the three months ended March 31, 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 statement of income.