v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Net earned premiums $ 2,694 $ 2,498 $ 5,320 $ 4,939
Net investment income 662 618 1,266 1,227
Net investment losses (46) (10) (55) (32)
Non-insurance warranty revenue 398 404 795 811
Other revenues 9 9 18 18
Total revenues 3,717 3,519 7,344 6,963
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits (re-measurement loss of $15, $25, $23 and $40) 2,085 1,882 4,112 3,689
Amortization of deferred acquisition costs 469 435 940 879
Non-insurance warranty expense 384 388 769 782
Other operating expenses 368 378 731 715
Interest expense 31 34 63 69
Total claims, benefits and expenses 3,337 3,117 6,615 6,134
Income before income tax 380 402 729 829
Income tax expense (81) (85) (156) (174)
Net income $ 299 $ 317 $ 573 $ 655
Basic earnings per share        
Basic earnings per share (in usd per share) $ 1.10 $ 1.17 $ 2.11 $ 2.41
Diluted earnings per share        
Diluted earnings per share (in usd per share) $ 1.10 $ 1.17 $ 2.10 $ 2.40
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Basic (in shares) 271.1 271.6 271.2 271.6
Diluted (in shares) 272.2 272.6 272.4 272.6