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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Premiums $ 6,209 $ 6,032 $ 18,257 $ 17,851
Net investment income 582 614 1,675 1,838
Fee income 116 116 352 345
Net realized investment gains [1] 23 15 33 35
Other revenues 31 21 115 68
Total revenues 6,961 6,798 20,432 20,137
Claims and expenses        
Claims and claim adjustment expenses 3,856 3,382 11,330 10,360
Amortization of deferred acquisition costs 1,012 987 2,972 2,913
General and administrative expenses 1,057 1,028 3,106 3,055
Interest expense 89 94 273 278
Total claims and expenses 6,014 5,491 17,681 16,606
Income before income taxes 947 1,307 2,751 3,531
Income tax expense 231 379 680 958
Net income $ 716 $ 928 $ 2,071 $ 2,573
Net income per share        
Basic $ 2.48 $ 3.00 $ 7.09 $ 8.13
Diluted $ 2.45 $ 2.97 $ 7.00 $ 8.04
Weighted average number of common shares outstanding        
Basic 286.0 307.6 290.0 314.3
Diluted 289.8 311.0 293.6 317.7
Cash dividends declared per share $ 0.67 $ 0.61 $ 1.95 $ 1.77
[1] Total other-than-temporary impairment (OTTI) losses were $(4) million and $(14) million for the three months ended September 30, 2016 and 2015, respectively, and $(36) million and $(26) million for the nine months ended September 30, 2016 and 2015, respectively. Of total OTTI, credit losses of $(4) million and $(14) million for the three months ended September 30, 2016 and 2015, respectively, and $(26) million and $(23) million for the nine months ended September 30, 2016 and 2015, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $0 million for both of the three months ended September 30, 2016 and 2015, and $(10) million and $(3) million for the nine months ended September 30, 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.