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Consolidated Statements Of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net premiums written $ 12,020 $ 10,510 $ 31,521 $ 28,718
Increase in unearned premiums (485) (510) (1,683) (1,684)
Net premiums earned 11,535 10,000 29,838 27,034
Net investment income 979 866 2,689 2,613
Net realized gains (losses) (384) (21) (787) 833
Total revenues 12,130 10,845 31,740 30,480
Expenses        
Losses and loss expenses 7,279 6,629 17,474 16,688
Policy benefits 486 151 790 503
Policy acquisition costs 1,975 1,778 5,451 5,141
Administrative expenses 883 806 2,479 2,325
Interest expense 150 122 416 366
Other (income) expense 188 (763) (21) (2,030)
Amortization of purchased intangibles 69 71 211 216
Cigna integration expenses 23 0 26 0
Total expenses 11,053 8,794 26,826 23,209
Income before income tax 1,077 2,051 4,914 7,271
Income tax expense 265 218 913 873
Net income 812 1,833 4,001 6,398
Other comprehensive income (loss):        
Change in unrealized depreciation (3,045) (554) (12,041) (2,177)
Change in Cumulative foreign currency translation adjustment (966) (414) (1,676) (84)
Change in Other, including postretirement benefit liability adjustment (59) 4 (35) (33)
Other comprehensive loss, before income tax (4,070) (964) (13,752) (2,294)
Income tax benefit related to OCI items 165 120 1,222 403
Other comprehensive loss (3,905) (844) (12,530) (1,891)
Comprehensive income (loss) $ (3,093) $ 989 $ (8,529) $ 4,507
Earnings per share        
Basic earnings per share $ 1.95 $ 4.21 $ 9.50 $ 14.42
Diluted earnings per share $ 1.94 $ 4.18 $ 9.41 $ 14.33