XML 43 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Premiums Earned, Net $ 3,958 $ 3,455 $ 7,885 $ 6,893
Fee income 327 286 650 564
Net investment income 428 395 879 805
Net realized capital gains (losses):        
Total other-than-temporary impairment (OTTI) losses 0 (4) (2) (7)
OTTI losses recognized in other comprehensive income (“OCI”) 0 2 2 4
Net OTTI losses recognized in earnings 0 (2) 0 (3)
Other net realized capital gains 52 57 22 82
Total net realized capital gains 52 55 22 79
Other revenues 24 23 44 42
Total revenues 4,789 4,214 9,480 8,383
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 2,738 2,420 5,433 4,844
Amortization of deferred policy acquisition costs (DAC) 344 345 686 689
Insurance operating costs and other expenses 1,067 1,650 2,104 2,569
Gain (Loss) on Extinguishment of Debt 6 0 6 0
Interest expense 79 79 159 159
Amortization of other intangible assets 18 1 36 2
Total benefits, losses and expenses 4,252 4,495 8,424 8,263
Income (loss) from continuing operations before income taxes 537 (281) 1,056 120
Income tax expense (benefit) 103 (129) 194 (31)
Income (loss) from continuing operations, net of tax 434 (152) 862 151
Income from discontinued operations, net of tax 148 112 317 187
Net income (loss) $ 582 $ (40) $ 1,179 $ 338
Income (loss) from continuing operations, net of tax, per common share        
Income (loss) from continuing operations, net of tax $ 1.21 $ (0.42) $ 2.41 $ 0.41
Income (Loss) from Continuing Operations, Per Diluted Share 1.19 (0.42) 2.37 0.40
Basic 1.62 (0.11) 3.29 0.92
Diluted 1.60 (0.11) 3.24 0.90
Cash dividends declared per common share $ 0.25 $ 0.23 $ 0.50 $ 0.46