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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Earned premiums $ 5,310 $ 4,910 $ 15,593 $ 14,371
Fee income 330 328 977 1,031
Net investment income 597 487 1,652 1,537
Net realized losses (90) (166) (161) (649)
Other revenues 21 21 66 56
Total revenues 6,168 5,580 18,127 16,346
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 3,543 3,407 10,605 9,601
Amortization of deferred policy acquisition costs ("DAC") 517 464 1,510 1,351
Insurance operating costs and other expense 1,226 1,206 3,667 3,641
Interest expense 50 50 150 163
Amortization of other intangible assets 18 18 53 53
Restructuring and other costs 1 3 4 10
Total benefits, losses and expenses 5,355 5,148 15,989 14,819
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 813 432 2,138 1,527
Income tax expense 162 92 405 300
Net income 651 340 1,733 1,227
Preferred stock dividends 6 6 16 16
Net income available to common stockholders $ 645 $ 334 $ 1,717 $ 1,211
EPS        
Basic $ 2.12 $ 1.04 $ 5.55 $ 3.70
Diluted $ 2.09 $ 1.02 $ 5.48 $ 3.65