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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Premiums $ 7,380 $ 7,179 $ 21,564 $ 21,022
Net investment income 671 622 1,550 1,852
Fee income 101 121 323 346
Net realized investment gains (losses) 37 23 (48) 101
Other revenues 86 68 195 197
Total revenues 8,275 8,013 23,584 23,518
Claims and expenses        
Claims and claim adjustment expenses 4,886 5,230 14,782 14,493
Amortization of deferred acquisition costs 1,207 1,169 3,558 3,420
General and administrative expenses 1,109 1,098 3,367 3,280
Interest expense 87 84 256 261
Total claims and expenses 7,289 7,581 21,963 21,454
Income before income taxes 986 432 1,621 2,064
Income tax expense 159 36 234 315
Net income $ 827 $ 396 $ 1,387 $ 1,749
Net income per share        
Basic (in dollars per share) $ 3.24 $ 1.52 $ 5.44 $ 6.65
Diluted (in dollars per share) $ 3.23 $ 1.50 $ 5.41 $ 6.59
Weighted average number of common shares outstanding        
Basic (in shares) 253.3 259.2 253.5 261.1
Diluted (in shares) 254.3 261.8 254.5 263.4
Cash dividends declared per common share (in dollars per share) $ 0.85 $ 0.82 $ 2.52 $ 2.41