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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Earned premiums $ 4,460 $ 4,234 $ 8,803 $ 8,625
Fee income 375 298 730 618
Net investment income 581 339 1,090 798
Net realized capital gains (losses) 147 109 227 (122)
Other revenues 26 88 38 105
Total revenues 5,589 5,068 10,888 10,024
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 2,786 2,847 6,136 5,763
Amortization of deferred policy acquisition costs ("DAC") 417 429 833 866
Insurance operating costs and other expenses 1,202 1,125 2,346 2,301
Interest expense 57 57 114 121
Amortization of other intangible assets 17 18 35 37
Restructuring and other costs 0 0 11 0
Total benefits, losses and expenses 4,479 4,476 9,475 9,088
Income before income taxes 1,110 592 1,413 936
Income tax expense 205 124 259 195
Net income 905 468 1,154 741
Preferred stock dividends 5 5 10 10
Net income available to common stockholders $ 900 $ 463 $ 1,144 $ 731
EPS        
Basic $ 2.54 $ 1.29 $ 3.21 $ 2.04
Diluted $ 2.51 $ 1.29 $ 3.17 $ 2.03