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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Premiums Earned, Net $ 4,394,000,000 $ 3,987,000,000 $ 12,500,000,000 $ 11,872,000,000
Fee income 330,000,000 344,000,000 970,000,000 994,000,000
Net investment income 490,000,000 444,000,000 1,448,000,000 1,323,000,000
Net realized capital gains (losses):        
Total other-than-temporary impairment (OTTI) losses (1,000,000) (4,000,000) (5,000,000) (6,000,000)
OTTI losses recognized in other comprehensive income (“OCI”) 0 (3,000,000) (2,000,000) (5,000,000)
Net OTTI losses recognized in earnings (1,000,000) (1,000,000) (3,000,000) (1,000,000)
Other net realized capital gains 90,000,000 39,000,000 335,000,000 61,000,000
Total net realized capital gains 89,000,000 38,000,000 332,000,000 60,000,000
Other revenues 44,000,000 29,000,000 129,000,000 73,000,000
Total revenues 5,347,000,000 4,842,000,000 15,379,000,000 14,322,000,000
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 2,914,000,000 2,786,000,000 8,533,000,000 8,219,000,000
Amortization of deferred policy acquisition costs (DAC) 437,000,000 348,000,000 1,184,000,000 1,034,000,000
Insurance operating costs and other expenses 1,167,000,000 1,091,000,000 3,356,000,000 3,195,000,000
Loss on extinguishment of debt (90,000,000) 0 (90,000,000) (6,000,000)
Loss on reinsurance transaction 0 0 91,000,000 0
Interest expense 67,000,000 69,000,000 194,000,000 228,000,000
Amortization of other intangible assets 19,000,000 18,000,000 47,000,000 54,000,000
Total benefits, losses and expenses 4,694,000,000 4,312,000,000 13,495,000,000 12,736,000,000
Income from continuing operations, before tax 653,000,000 530,000,000 1,884,000,000 1,586,000,000
Income tax expense 118,000,000 103,000,000 347,000,000 297,000,000
Income from continuing operations, net of tax 535,000,000 427,000,000 1,537,000,000 1,289,000,000
Income from discontinued operations, net of tax 0 5,000,000 0 322,000,000
Net income 535,000,000 432,000,000 1,537,000,000 1,611,000,000
Preferred stock dividends 11,000,000 0 16,000,000 0
Net income available to common stockholders $ 524,000,000 $ 432,000,000 $ 1,521,000,000 $ 1,611,000,000
EPS        
Basic - Income from continuing ops, net of tax, available to common stockholders per common share $ 1.45 $ 1.19 $ 4.21 $ 3.60
Diluted - Income from continuing ops, net of tax, available to common stockholders per common share 1.43 1.17 4.17 3.54
Basic - Net income available to common stockholders per common share 1.45 1.20 4.21 4.50
Diluted - Net income available to common stockholders per common share $ 1.43 $ 1.19 $ 4.17 $ 4.42