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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues                      
Earned premiums                 $ 21,026 $ 19,390 $ 17,999
Fee income                 1,300 1,349 1,488
Net investment income                 2,305 2,177 2,313
Net realized gains (losses)                 (188) (627) 509
Other revenues                 84 73 81
Total revenues $ 6,400 $ 6,168 $ 6,049 $ 5,910 $ 6,016 $ 5,580 $ 5,373 $ 5,393 24,527 22,362 22,390
Benefits, losses and expenses                      
Benefits, losses and loss adjustment expenses                 14,238 13,138 12,720
Amortization of deferred policy acquisition costs ("DAC")                 2,044 1,824 1,668
Insurance operating costs and other expenses                 4,881 4,841 4,791
Interest expense                 199 213 234
Amortization of other intangible assets                 71 71 71
Restructuring and other costs                 6 13 1
Total benefits, losses and expenses 5,450 5,355 5,377 5,257 5,281 5,148 4,819 4,852 21,439 20,100 19,485
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest                 3,088 2,262 2,905
Income tax expense                 584 443 534
Net income 771 651 547 535 592 340 444 443 2,504 1,819 2,371
Less: Preferred stock dividends 5 6 5 5 5 6 5 5 21 21 21
Net income (loss) available to common stockholders $ 766 $ 645 $ 542 $ 530 $ 587 $ 334 $ 439 $ 438 $ 2,483 $ 1,798 $ 2,350
Earnings per common share                      
Net income (loss) Basic $ 2.55 $ 2.12 $ 1.75 $ 1.69 $ 1.85 $ 1.04 $ 1.34 $ 1.32 $ 8.09 $ 5.54 $ 6.73
Net income (loss) Diluted $ 2.51 $ 2.09 $ 1.73 $ 1.66 $ 1.82 $ 1.02 $ 1.32 $ 1.30 $ 7.97 $ 5.46 $ 6.64