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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Earned premiums $ 2,156 $ 1,943 $ 4,227 $ 3,861
Investment income, net of expenses 242 220 487 430
Investment gains and losses, net 137 434 749 540
Fee revenues 5 6 9 10
Other revenues 4 2 7 5
Total revenues 2,544 2,605 5,479 4,846
Benefits and Expenses        
Insurance losses and contract holders' benefits 1,480 1,340 2,829 2,738
Underwriting, acquisition and insurance expenses 655 579 1,271 1,135
Interest expense 14 13 27 27
Other operating expenses 9 7 13 12
Total benefits and expenses 2,158 1,939 4,140 3,912
Income Before Income Taxes 386 666 1,339 934
Provision for Income Taxes        
Current 61 51 122 67
Deferred 13 81 150 108
Total provision for income taxes 74 132 272 175
Net Income $ 312 $ 534 $ 1,067 $ 759
Per Common Share        
Net income — basic $ 1.99 $ 3.40 $ 6.82 $ 4.83
Net income — diluted $ 1.98 $ 3.38 $ 6.77 $ 4.80