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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Earned premiums $ 2,344 $ 2,071
Investment income, net of expenses 280 245
Investment gains and losses, net (67) 612
Fee revenues 5 4
Other revenues 4 3
Total revenues 2,566 2,935
Benefits and Expenses    
Insurance losses and contract holders' benefits 1,968 1,349
Underwriting, acquisition and insurance expenses 702 616
Interest expense 13 13
Other operating expenses 11 4
Total benefits and expenses 2,694 1,982
Income (Loss) Before Income Taxes (128) 953
Provision (Benefit) for Income Taxes    
Current (42) 61
Deferred 4 137
Total provision (benefit) for income taxes (38) 198
Net Income (Loss) $ (90) $ 755
Per Common Share    
Net income (loss) — basic $ (0.57) $ 4.82
Net income (loss) — diluted $ (0.57) $ 4.78