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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Premiums Earned, Net $ 3,474 $ 3,484 $ 10,437 $ 10,332
Fee income 460 452 1,381 1,338
Net investment income (loss):        
Net investment income 729 772 2,172 2,203
Net realized capital gains (losses):        
Total other-than-temporary impairment (OTTI) losses (5) (15) (24) (50)
OTTI losses recognized in other comprehensive income (“OCI”) 3 1 7 6
Net OTTI losses recognized in earnings (2) (14) (17) (44)
Other net realized capital gains (losses) (1) (3) 69 (75)
Total net realized capital gains (losses) (3) (17) 52 (119)
Other revenues 24 24 66 67
Total revenues 4,684 4,715 14,108 13,821
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 2,994 2,780 8,518 8,563
Amortization of deferred policy acquisition costs (DAC) 357 403 1,088 1,145
Insurance operating costs and other expenses 995 918 3,652 2,777
Interest expense 82 86 246 257
Total benefits, losses and expenses 4,428 4,187 13,504 12,742
Income before income taxes 256 528 604 1,079
Income tax expense 22 90 32 102
Net Income (Loss) Attributable to Parent $ 234 $ 438 $ 572 $ 977
Net income available to common shareholders per common share        
Basic $ 0.65 $ 1.14 $ 1.56 $ 2.50
Diluted 0.64 1.12 1.54 2.45
Cash dividends declared per common share $ 0.23 $ 0.21 $ 0.69 $ 0.63