v3.25.2
Condensed Consolidated Statements of Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Earned premiums $ 2,480 $ 2,156 $ 4,824 $ 4,227
Investment income, net of expenses 285 242 565 487
Investment gains and losses, net 473 137 406 749
Fee revenues 5 5 10 9
Other revenues 5 4 9 7
Total revenues 3,248 2,544 5,814 5,479
Benefits and Expenses        
Insurance losses and contract holders' benefits 1,660 1,480 3,628 2,829
Underwriting, acquisition and insurance expenses 709 655 1,411 1,271
Interest expense 14 14 27 27
Other operating expenses 10 9 21 13
Total benefits and expenses 2,393 2,158 5,087 4,140
Income Before Income Taxes 855 386 727 1,339
Provision for Income Taxes        
Current 81 61 39 122
Deferred 89 13 93 150
Total provision for income taxes 170 74 132 272
Net Income $ 685 $ 312 $ 595 $ 1,067
Per Common Share        
Net income — basic $ 4.38 $ 1.99 $ 3.81 $ 6.82
Net income — diluted $ 4.34 $ 1.98 $ 3.77 $ 6.77