XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net premiums $ 2,825 $ 2,809 $ 8,434 $ 8,311
Investment income, net of related expenses 654 679 1,893 1,843
Investment related gains (losses), net:        
Impairments and change in allowance for credit losses on fixed maturity securities 13 (9) (21) (18)
Other investment related gains (losses), net 53 58 (117) 87
Total investment related gains (losses), net 66 49 (138) 69
Other revenues 98 91 264 292
Total revenues 3,643 3,628 10,453 10,515
Benefits and Expenses:        
Claims and other policy benefits 2,530 2,470 7,894 7,494
Interest credited 196 226 529 517
Policy acquisition costs and other insurance expenses 374 322 912 894
Other operating expenses 211 210 594 634
Interest expense 43 46 126 129
Collateral finance and securitization expense 4 7 14 23
Total benefits and expenses 3,358 3,281 10,069 9,691
Income before income taxes 285 347 384 824
Provision for income taxes 72 84 101 189
Net income $ 213 $ 263 $ 283 $ 635
Earnings per share:        
Basic earnings per share $ 3.13 $ 4.19 $ 4.39 $ 10.13
Diluted earnings per share $ 3.12 $ 4.12 $ 4.36 $ 9.93