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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net premiums $ 2,790 $ 2,764 $ 5,609 $ 5,502
Investment income, net of related expenses 645 584 1,239 1,164
Investment related gains (losses), net:        
Impairments and change in allowance for credit losses on fixed maturity securities 0 0 (34) (9)
Other investment related gains (losses), net 81 12 (170) 29
Total investment related gains (losses), net 81 12 (204) 20
Other revenues 90 107 166 201
Total revenues 3,606 3,467 6,810 6,887
Benefits and Expenses:        
Claims and other policy benefits 2,700 2,516 5,364 5,024
Interest credited 187 158 333 291
Policy acquisition costs and other insurance expenses 290 260 538 572
Other operating expenses 188 222 383 424
Interest expense 42 43 83 83
Collateral finance and securitization expense 4 8 10 16
Total benefits and expenses 3,411 3,207 6,711 6,410
Income before income taxes 195 260 99 477
Provision for income taxes 37 58 29 105
Net income $ 158 $ 202 $ 70 $ 372
Earnings per share:        
Basic earnings per share $ 2.49 $ 3.23 $ 1.12 $ 5.93
Diluted earnings per share $ 2.48 $ 3.18 $ 1.11 $ 5.83