Consolidated Statement of Income (Unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
|
| Revenues | ||
| Premiums | $ 7,229 | $ 6,855 |
| Net investment income | 611 | 582 |
| Fee income | 108 | 109 |
| Net realized investment gains (losses) | (98) | 53 |
| Other revenues | 58 | 72 |
| Total revenues | 7,908 | 7,671 |
| Claims and expenses | ||
| Claims and claim adjustment expenses | 4,789 | 4,442 |
| Amortization of deferred acquisition costs | 1,178 | 1,117 |
| General and administrative expenses | 1,137 | 1,057 |
| Interest expense | 84 | 88 |
| Total claims and expenses | 7,188 | 6,704 |
| Income before income taxes | 720 | 967 |
| Income tax expense | 120 | 171 |
| Net income | $ 600 | $ 796 |
| Net income per share | ||
| Basic (in dollars per share) | $ 2.34 | $ 3.01 |
| Diluted (in dollars per share) | $ 2.33 | $ 2.99 |
| Weighted average number of common shares outstanding | ||
| Basic (in shares) | 254.4 | 262.9 |
| Diluted (in shares) | 255.9 | 264.8 |
| Cash dividends declared per common share (in dollars per share) | $ 0.82 | $ 0.77 |