v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Net earned premiums $ 2,626 $ 2,441
Net investment income 604 609
Net investment losses (9) (22)
Non-insurance warranty revenue 397 407
Other revenues 9 9
Total revenues 3,627 3,444
Claims, Benefits and Expenses    
Insurance claims and policyholders’ benefits (re-measurement loss of $8 and $15) 2,027 1,807
Amortization of deferred acquisition costs 471 444
Non-insurance warranty expense 385 394
Other operating expenses 363 337
Interest expense 32 35
Total claims, benefits and expenses 3,278 3,017
Income before income tax 349 427
Income tax expense (75) (89)
Net income $ 274 $ 338
Basic earnings per share    
Basic earnings per share (in usd per share) $ 1.01 $ 1.24
Diluted earnings per share    
Diluted earnings per share (in usd per share) $ 1.00 $ 1.24
Weighted Average Outstanding Common Stock and Common Stock Equivalents    
Basic (in shares) 271.3 271.6
Diluted (in shares) 272.6 272.7