| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||||||
Premiums Earned, Net | ||||||||||||
38,577 | 36,513 | 34,678 | 33,582 | - | - | - | - | - | - | - | - | - |
Other income | ||||||||||||
- | - | - | 865 | - | - | - | - | - | - | - | - | - |
Net Investment Income | ||||||||||||
3,159 | 3,240 | 3,401 | 3,042 | 3,156 | 3,459 | 3,943 | 4,010 | 3,971 | 4,102 | 4,444 | 5,622 | 6,435 |
Realized capital gains and losses: | ||||||||||||
Other than Temporary Impairment Losses, Investments | ||||||||||||
48 | 13 | 146 | 313 | 452 | 242 | 207 | 239 | 563 | 937 | 2,376 | 3,735 | 310 |
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Portion Attributable to Parent | ||||||||||||
-1 | 1 | 4 | -10 | 36 | 3 | 8 | -6 | 33 | 64 | -457 | - | - |
Net OTTI losses recognized in earnings | ||||||||||||
47 | 14 | 150 | 303 | 416 | 245 | 215 | 233 | 596 | 1,001 | 1,919 | 3,735 | 310 |
Sales and valuation changes on equity investments and derivatives | ||||||||||||
1,932 | -863 | 595 | 213 | 446 | 939 | 809 | 560 | 1,099 | 174 | 1,336 | -1,355 | 1,545 |
Realized Investment Gains (Losses) | ||||||||||||
1,885 | -877 | 445 | -90 | 30 | 694 | 594 | 327 | 503 | -827 | -583 | -5,090 | 1,235 |
Total revenues | ||||||||||||
44,675 | 39,815 | 39,407 | 37,399 | 35,653 | 35,239 | 34,507 | 33,315 | 32,654 | 31,400 | 32,013 | 29,394 | 36,769 |
Costs and expenses | ||||||||||||
Property and casualty insurance claims and claims expense | ||||||||||||
23,976 | 22,778 | 21,847 | 22,221 | 21,034 | 19,428 | 17,911 | 18,484 | 20,161 | 18,951 | 18,746 | 20,064 | 17,667 |
Life contract benefits | ||||||||||||
2,039 | 1,973 | 1,923 | 1,857 | 1,803 | 1,765 | 1,917 | 1,818 | 1,761 | 1,815 | 1,617 | 1,612 | 1,589 |
Interest credited to contractholder funds | ||||||||||||
640 | 654 | 690 | 726 | 761 | 919 | 1,278 | 1,316 | 1,645 | 1,807 | 2,126 | 2,411 | 2,681 |
Amortization of deferred policy acquisition costs | ||||||||||||
5,533 | 5,222 | 4,784 | 4,550 | 4,364 | 4,135 | 4,002 | 3,884 | 3,971 | 3,807 | 4,436 | 4,679 | 4,704 |
Operating costs and expenses | ||||||||||||
5,690 | 5,594 | 5,196 | 4,939 | 4,081 | 4,341 | 4,387 | 4,118 | 3,739 | 3,542 | 3,281 | 3,273 | 3,103 |
Defined Benefit Plan, Actuarial Gain (Loss), Immediate Recognition as Component in Net Periodic Benefit (Cost) Credit | ||||||||||||
-114 | -468 | 217 | - | - | - | - | - | - | - | - | - | - |
Restructuring and related charges | ||||||||||||
41 | 67 | 96 | 30 | 39 | 18 | 70 | 34 | 44 | 30 | 130 | 23 | 29 |
Amortization of purchased intangibles | ||||||||||||
126 | 105 | 99 | 32 | - | - | - | - | - | - | - | - | - |
Impairment of goodwill and purchased intangibles | ||||||||||||
106 | 0 | 125 | - | - | - | - | - | - | - | - | - | - |
Goodwill, Impairment Loss | ||||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - | - | - |
Loss on extinguishment of debt | ||||||||||||
- | - | - | - | - | -1 | -491 | - | - | - | - | - | - |
Interest expense | ||||||||||||
327 | 332 | 335 | 295 | 292 | 322 | 367 | 373 | 367 | 367 | 392 | 351 | 333 |
Total costs and expenses | ||||||||||||
38,592 | 37,193 | 34,878 | 34,650 | 32,374 | 30,929 | 30,423 | 30,027 | 31,688 | 30,319 | 30,728 | 32,413 | 30,106 |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ||||||||||||
6 | 6 | 20 | 5 | 3 | -74 | -688 | 18 | -7 | 19 | 15 | -6 | -10 |
Income from operations before income tax expense | ||||||||||||
6,089 | 2,628 | 4,549 | 2,754 | 3,282 | 4,236 | 3,396 | 3,306 | 959 | 1,100 | 1,300 | -3,025 | 6,653 |
Income tax expense | ||||||||||||
1,242 | 468 | 995 | 877 | 1,111 | 1,386 | 1,116 | 1,000 | 172 | 189 | 412 | -1,346 | 2,017 |
Net Income (Loss) Attributable to Parent | ||||||||||||
4,847 | 2,160 | 3,554 | 1,877 | 2,171 | 2,850 | 2,280 | 2,306 | 787 | 911 | 888 | -1,679 | 4,636 |
Preferred Stock Dividends, Income Statement Impact | ||||||||||||
169 | 148 | 116 | 116 | 116 | 104 | 17 | - | - | - | - | - | - |
Net income applicable to common shareholders | ||||||||||||
4,678 | 2,012 | 3,438 | 1,761 | 2,055 | 2,746 | 2,263 | 2,306 | 787 | - | - | - | - |
Earnings Per Share [Abstract] | ||||||||||||
Earnings Per Share, Basic | ||||||||||||
14.25 | 5.78 | 9.50 | 4.72 | 5.12 | 6.37 | 4.87 | 4.71 | 1.51 | 1.69 | 1.65 | -3.06 | 7.80 |
Weighted Average Number of Shares Outstanding, Basic | ||||||||||||
328 | 347 | 362 | 372 | 401 | 431 | 464 | 489 | 520 | 540 | 539 | 548 | 594 |
Earnings Per Share, Diluted | ||||||||||||
14.03 | 5.70 | 9.35 | 4.67 | 5.05 | 6.27 | 4.81 | 4.68 | 1.50 | 1.68 | 1.64 | -3.06 | 7.76 |
Weighted Average Number of Shares Outstanding, Diluted | ||||||||||||
333 | 353 | 367 | 377 | 406 | 438 | 470 | 493 | 523 | 542 | 540 | 548 | 597 |
Cash dividends declared per common share (in dollars per share) | ||||||||||||
- | - | - | 1.32 | 1.20 | 1.12 | 1.00 | 0.88 | 0.84 | 0.80 | 0.80 | 1.64 | 1.52 |
Life insurance | ||||||||||||
Premiums earned | ||||||||||||
1,512 | 1,482 | 1,447 | - | - | - | - | - | - | - | - | - | - |
Life premiums and contract charges | ||||||||||||
Insurance premiums, commissions and fees | ||||||||||||
2,501 | 2,465 | 2,378 | 2,275 | 2,158 | 2,157 | 2,352 | 2,241 | 2,238 | 2,168 | 1,958 | 1,895 | 1,866 |
Other revenue | ||||||||||||
Insurance premiums, commissions and fees | ||||||||||||
1,054 | 939 | 883 | - | - | - | - | - | - | - | - | - | - |
Property and casualty insurance premiums | ||||||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||||
36,076 | 34,048 | 32,300 | 31,307 | 30,309 | 28,929 | 27,618 | 26,737 | 25,942 | 25,957 | 26,194 | 26,967 | 27,233 |