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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Premiums Earned, Net $ 3,987 $ 3,447 $ 11,872 $ 10,340
Fee income 344 291 994 855
Net investment income 444 404 1,323 1,209
Net realized capital gains (losses):        
Total other-than-temporary impairment (OTTI) losses (4) (4) (6) (11)
OTTI losses recognized in other comprehensive income (“OCI”) 3 3 5 7
Net OTTI losses recognized in earnings (1) (1) (1) (4)
Other net realized capital gains 39 27 61 109
Total net realized capital gains 38 26 60 105
Other revenues (29) (24) (73) (66)
Total revenues 4,842 4,192 14,322 12,575
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 2,786 2,638 8,219 7,482
Amortization of deferred policy acquisition costs (DAC) 348 341 1,034 1,030
Insurance operating costs and other expenses 1,091 952 3,195 3,521
Loss on extinguishment of debt 0 0 6 0
Interest expense 69 79 228 238
Amortization of other intangible assets 18 1 54 3
Total benefits, losses and expenses 4,312 4,011 12,736 12,274
Income from continuing operations before income taxes 530 181 1,586 301
Income tax expense 103 36 297 5
Income from continuing operations, net of tax 427 145 1,289 296
Income from discontinued operations, net of tax 5 89 322 276
Net income $ 432 $ 234 $ 1,611 $ 572
Income from continuing operations, net of tax, per common share        
Income from continuing operations, net of tax $ 1.19 $ 0.40 $ 3.60 $ 0.81
Diluted 1.17 0.40 3.54 0.79
Basic 1.20 0.65 4.50 1.56
Diluted 1.19 0.64 4.42 1.54
Cash dividends declared per common share $ 0.30 $ 0.23 $ 0.80 $ 0.69