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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Premiums $ 6,183 $ 5,981
Net investment income 610 544
Fee income 113 117
Net realized investment gains (losses) [1] 5 (9)
Other revenues 31 53
Total revenues 6,942 6,686
Claims and expenses    
Claims and claim adjustment expenses 4,094 3,712
Amortization of deferred acquisition costs 1,003 971
General and administrative expenses 996 995
Interest expense 89 91
Total claims and expenses 6,182 5,769
Income before income taxes 760 917
Income tax expense 143 226
Net income $ 617 $ 691
Net income per share    
Basic $ 2.19 $ 2.33
Diluted $ 2.17 $ 2.30
Weighted average number of common shares outstanding    
Basic 279.7 294.2
Diluted 282.4 297.9
Cash dividends declared per share $ 0.67 $ 0.61
[1] Total other-than-temporary impairment (OTTI) losses were $(1) million and $(28) million for the three months ended March 31, 2017 and 2016, respectively. Of total OTTI, credit losses of $(2) million and $(18) million for the three months ended March 31, 2017 and 2016, respectively, were recognized in net realized investment gains (losses). In addition, unrealized gains (losses) from other changes in total OTTI of $1 million and $(10) million for the three months ended March 31, 2017 and 2016, respectively, were recognized in other comprehensive income as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.