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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Earned premiums $ 16,923 $ 15,869 $ 14,141
Fee income 1,301 1,313 1,168
Net investment income 1,951 1,780 1,603
Net realized capital gains (losses):      
Total other-than-temporary impairment (“OTTI”) losses (6) (7) (15)
OTTI losses recognized in other comprehensive income (3) (6) (7)
Net OTTI losses recognized in earnings (3) (1) (8)
Other net realized capital gains (losses) 398 (111) 173
Total net realized capital gains (losses) 395 (112) 165
Other revenues 170 105 85
Total revenues 20,740 18,955 17,162
Benefits, losses and expenses      
Benefits, losses and loss adjustment expenses 11,472 11,165 10,174
Amortization of deferred policy acquisition costs (DAC) 1,622 1,384 1,372
Insurance operating costs and other expenses 4,580 4,281 4,563
Loss on extinguishment of debt (90) (6) 0
Reinsurance, Loss on Uncollectible Accounts in Period, Amount 91 0 0
Interest expense 259 298 316
Amortization of other intangible assets 66 68 14
Total benefits, losses and expenses 18,180 17,202 16,439
Income from continuing operations before income taxes 2,560 1,753 723
Income tax expense 475 268 985
Income (loss) from continuing operations, net of tax 2,085 1,485 (262)
Income (loss) from discontinued operations, net of tax 0 322 (2,869)
Net income (loss) 2,085 1,807 (3,131)
Preferred stock dividends 21 6 0
Net income (loss) available to common stockholders $ 2,064 $ 1,801 $ (3,131)
Earnings per common share      
Income (loss) from continuing operations Basic $ 5.72 $ 4.13 $ (0.72)
Income (loss) from continuing operations Diluted 5.66 4.06 (0.72)
Net income (loss) Basic 5.72 5.03 (8.61)
Net income (loss) Diluted $ 5.66 $ 4.95 $ (8.61)