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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Premiums $ 5,666 $ 5,666 $ 16,786 $ 16,718
Net investment income 657 722 2,014 2,200
Fee income 107 92 286 233
Net realized investment gains (losses) (22) [1] (2) [1] 155 [1] 12 [1]
Other revenues 44 34 213 100
Total revenues 6,452 6,512 19,454 19,263
Claims and expenses        
Claims and claim adjustment expenses 3,297 3,359 9,980 10,509
Amortization of deferred acquisition costs 953 986 2,851 2,933
General and administrative expenses 934 904 2,780 2,681
Interest expense 91 93 269 285
Total claims and expenses 5,275 5,342 15,880 16,408
Income before income taxes 1,177 1,170 3,574 2,855
Income tax expense 313 306 889 686
Net income $ 864 $ 864 $ 2,685 $ 2,169
Net income per share        
Net income per share, basic $ 2.33 $ 2.23 $ 7.12 $ 5.55
Net income per share, diluted $ 2.30 $ 2.21 $ 7.05 $ 5.50
Weighted average number of common shares outstanding        
Weighted average number of common shares outstanding, basic 368.9 384.0 374.1 388.0
Weighted average number of common shares outstanding, diluted 372.9 387.9 378.1 391.5
[1] Total other-than-temporary impairment (OTTI) gains (losses) were $0 million and $17 million for the three months ended September 30, 2013 and 2012, respectively, and $(1) million and $28 million for the nine months ended September 30, 2013 and 2012, respectively. Of total OTTI, credit losses of $(3) million for each of the three months ended September 30, 2013 and 2012, and $(10) million and $(11) million for the nine months ended September 30, 2013 and 2012, respectively, were recognized in net realized investment gains (losses). In addition, unrealized gains from other changes in total OTTI of $3 million and $20 million for the three months ended September 30, 2013 and 2012, respectively, and $9 million and $39 million for the nine months ended September 30, 2013 and 2012, respectively, were recognized in other comprehensive income (loss) as part of change in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.