XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Premiums $ 6,523 $ 6,209 $ 19,057 $ 18,257
Net investment income 588 582 1,796 1,675
Fee income 113 116 342 352
Net realized investment gains [1] 61 23 146 33
Other revenues 40 31 110 115
Total revenues 7,325 6,961 21,451 20,432
Claims and expenses        
Claims and claim adjustment expenses 4,806 3,856 13,125 11,330
Amortization of deferred acquisition costs 1,059 1,012 3,094 2,972
General and administrative expenses 1,045 1,057 3,086 3,106
Interest expense 95 89 276 273
Total claims and expenses 7,005 6,014 19,581 17,681
Income before income taxes 320 947 1,870 2,751
Income tax expense 27 231 365 680
Net income $ 293 $ 716 $ 1,505 $ 2,071
Net income per share        
Basic (in dollars per share) $ 1.06 $ 2.48 $ 5.39 $ 7.09
Diluted (in dollars per share) $ 1.05 $ 2.45 $ 5.34 $ 7.00
Weighted average number of common shares outstanding        
Basic (in shares) 274.1 286.0 277.1 290.0
Diluted (in shares) 276.6 289.8 279.6 293.6
Cash dividends declared per common share (in dollars per share) $ 0.72 $ 0.67 $ 2.11 $ 1.95
[1] Total other-than-temporary impairment (OTTI) losses were $(5) million and $(4) million for the three months ended September 30, 2017 and 2016, respectively, and $(11) million and $(36) million for the nine months ended September 30, 2017 and 2016, respectively. Of total OTTI, credit losses of $(5) million and $(4) million for the three months ended September 30, 2017 and 2016, respectively, and $(12) million and $(26) million for the nine months ended September 30, 2017 and 2016, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $0 million for each of the three months ended September 30, 2017 and 2016, and $1 million and $(10) million for the nine months ended September 30, 2017 and 2016, 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.