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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Earned premiums $ 14,141 $ 13,697 $ 13,485
Fee income 980 857 876
Net investment income 1,603 1,577 1,561
Net realized capital gains (losses):      
Total other-than-temporary impairment (“OTTI”) losses (15) (35) (47)
OTTI losses recognized in other comprehensive income 7 8 6
Net OTTI losses recognized in earnings (8) (27) (41)
Other net realized capital gains (losses) 173 (83) 29
Total net realized capital gains (losses) 165 (110) (12)
Other revenues 85 86 87
Total revenues 16,974 16,107 15,997
Benefits, losses and expenses      
Benefits, losses and loss adjustment expenses 10,174 9,961 9,325
Amortization of deferred policy acquisition costs (DAC) 1,372 1,377 1,364
Insurance operating costs and other expenses 4,375 3,341 3,459
Loss on extinguishment of debt 0 0 21
Loss on reinsurance transaction 0 650 0
Interest expense 316 327 346
Amortization of other intangible assets 14 4 4
Total benefits, losses and expenses 16,251 15,660 14,519
Income from continuing operations before income taxes 723 447 1,478
Income tax expense (benefit) 985 (166) 289
(Loss) Income from continuing operations, net of tax (262) 613 1,189
(Loss) income from discontinued operations, net of tax (2,869) 283 493
Net (loss) income $ (3,131) $ 896 $ 1,682
(Loss) income from continuing operations, net of tax, per common share      
Basic (in USD per share) $ (0.72) $ 1.58 $ 2.86
Diluted (in USD per share) (0.72) 1.55 2.80
Net (loss) income per common share      
Basic (in USD per share) (8.61) 2.31 4.05
Diluted (in USD per share) (8.61) 2.27 3.96
Cash dividends declared per common share (in USD per share) $ 0.94 $ 0.86 $ 0.78