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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Net earned premiums $ 10,211 $ 9,480 $ 8,667
Net investment income 2,497 2,264 1,805
Net investment losses (81) (99) (199)
Non-insurance warranty revenue 1,609 1,624 1,574
Other revenues 34 30 32
Total revenues 14,270 13,299 11,879
Claims, Benefits and Expenses      
Insurance claims and policyholders’ benefits (re-measurement loss of $125, $88 and $214) 7,738 7,068 6,653
Amortization of deferred acquisition costs 1,798 1,644 1,490
Non-insurance warranty expense 1,547 1,544 1,471
Other operating expenses 1,843 1,398 1,339
Interest 133 127 112
Total claims, benefits and expenses 13,059 11,781 11,065
Income before income tax 1,211 1,518 814
Income tax expense (252) (313) (132)
Net income $ 959 $ 1,205 $ 682
Basic earnings per share      
Basic earnings per share (in usd per share) $ 3.53 $ 4.44 $ 2.51
Diluted earnings per share      
Diluted earnings per share (in usd per share) $ 3.52 $ 4.43 $ 2.51
Weighted Average Outstanding Common Stock and Common Stock Equivalents      
Basic (in shares) 271.5 271.3 271.6
Diluted (in shares) 272.7 272.2 272.5