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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Premiums Earned, Net $ 4,166 $ 3,958 $ 8,106 $ 7,885
Fee income 326 327 640 650
Net investment income 488 428 958 879
Net realized capital gains (losses):        
Total other-than-temporary impairment (OTTI) losses 0 0 (4) (2)
OTTI losses recognized in other comprehensive income (“OCI”) 0 0 2 2
Net OTTI losses recognized in earnings 0 0 (2) 0
Other net realized capital gains 80 52 245 22
Total net realized capital gains (losses) 80 52 243 22
Other revenues 32 24 85 44
Total revenues 5,092 4,789 10,032 9,480
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 2,934 2,738 5,619 5,433
Amortization of deferred policy acquisition costs (DAC) 392 344 747 686
Insurance operating costs and other expenses 1,141 1,067 2,189 2,104
Gain (Loss) on Extinguishment of Debt 0 (6) 0 (6)
Loss on reinsurance transaction 91 0 91 0
Interest expense 63 79 127 159
Amortization of other intangible assets 15 18 28 36
Total benefits, losses and expenses 4,636 4,252 8,801 8,424
Income from continuing operations, before tax 456 537 1,231 1,056
Income tax expense 84 103 229 194
Income from continuing operations, net of tax 372 434 1,002 862
Income (Loss) from Discontinued Operations, Net of Tax 0 148 0 317
Net income 372 582 1,002 1,179
Dividends declared on preferred stock 0 0 5 0
Net income available to common stockholders $ 372 $ 582 $ 997 $ 1,179
EPS        
Basic - Income from continuing ops, net of tax, available to common stockholders per common share $ 1.03 $ 1.21 $ 2.76 $ 2.41
Diluted - Income from continuing ops, net of tax, available to common stockholders per common share 1.02 1.19 2.73 2.37
Basic - Net income available to common stockholders per common share 1.03 1.62 2.76 3.29
Diluted - Net income available to common stockholders per common share $ 1.02 $ 1.60 $ 2.73 $ 3.24