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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Net earned premiums $ 2,593 $ 2,406 $ 7,532 $ 7,001
Net investment income 626 553 1,853 1,653
Net investment losses (10) (38) (42) (105)
Non-insurance warranty revenue 401 407 1,212 1,221
Other revenues 8 8 26 22
Total revenues 3,618 3,336 10,581 9,792
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits (re-measurement loss of $(48), $(41), $(88) and $(75)) 2,019 1,826 5,708 5,258
Amortization of deferred acquisition costs 457 426 1,336 1,208
Non-insurance warranty expense 387 386 1,169 1,154
Other operating expenses 362 338 1,077 1,021
Interest 32 34 101 93
Total claims, benefits and expenses 3,257 3,010 9,391 8,734
Income before income tax 361 326 1,190 1,058
Income tax expense (78) (68) (252) (220)
Net income $ 283 $ 258 $ 938 $ 838
Basic earnings per share        
Basic earnings per share (in usd per share) $ 1.04 $ 0.95 $ 3.46 $ 3.09
Diluted earnings per share        
Diluted earnings per share (in usd per share) $ 1.04 $ 0.95 $ 3.44 $ 3.08
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Basic (in shares) 271.3 271.2 271.5 271.2
Diluted (in shares) 272.7 272.3 272.7 272.2