| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||||
Direct | |||||||||||
1,124 | 1,103 | 1,121 | 1,107 | 1,074 | 999 | 994 | 1,049 | 1,119 | 1,169 | 1,346 | 1,661 |
Assumed | |||||||||||
6 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | -4 | 3 | 3 | 12 |
Ceded | |||||||||||
129 | 111 | 125 | 133 | 55 | 119 | 73 | 34 | 49 | 70 | 107 | 207 |
Net premiums written | |||||||||||
1,001 | 992 | 997 | 975 | 1,020 | 881 | 923 | 1,017 | 1,064 | 1,101 | 1,243 | 1,466 |
Decrease in unearned premiums, net | |||||||||||
29 | -17 | -63 | -49 | -124 | -37 | 19 | 15 | -59 | -66 | -59 | 72 |
Net premiums earned | |||||||||||
1,030 | 975 | 934 | 925 | 896 | 844 | 943 | 1,033 | 1,123 | 1,168 | 1,302 | 1,393 |
Investment income, net of expenses | |||||||||||
167 | 141 | 120 | 110 | 103 | 87 | 80 | 121 | 201 | 247 | 304 | 308 |
Total other-than-temporary impairment losses | |||||||||||
- | - | - | - | - | 0 | 0 | 2 | 0 | 9 | -42 | 65 |
Portion of losses recognized in other comprehensive income (loss), before taxes | |||||||||||
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Net impairment losses recognized in earnings | |||||||||||
- | - | - | - | - | 0 | 0 | 2 | 0 | 9 | 40 | - |
Other realized investment gains | |||||||||||
- | - | - | - | - | 1 | 6 | 197 | 143 | 102 | 92 | 52 |
Gain (Loss) on Investments | |||||||||||
5 | -1 | 0 | 8 | 28 | 1 | 5 | 195 | - | - | - | - |
Other revenue | |||||||||||
10 | 8 | 10 | 17 | 12 | 9 | 9 | 28 | 36 | 11 | 49 | 32 |
Total revenues | |||||||||||
1,213 | 1,123 | 1,066 | 1,062 | 1,041 | 942 | 1,039 | 1,378 | 1,504 | 1,520 | 1,708 | 1,721 |
Losses and expenses: | |||||||||||
Policyholder Benefits and Claims Incurred, Net, Property, Casualty and Liability | |||||||||||
118 | 36 | 53 | 240 | 343 | 496 | 838 | 2,067 | 1,714 | 1,607 | 3,379 | 3,071 |
Change in premium deficiency reserve | |||||||||||
- | - | - | - | -23 | -24 | 25 | 61 | 44 | 51 | 261 | -756 |
Amortization of deferred policy acquisition costs | |||||||||||
12 | 11 | 11 | 9 | 8 | 7 | 10 | 7 | 6 | 7 | 8 | 10 |
Other underwriting and operating expenses, net | |||||||||||
182 | 178 | 159 | 150 | 155 | 138 | 181 | 193 | 207 | 218 | 231 | 261 |
Reinsurance fee (note 11) | |||||||||||
- | - | - | - | - | - | - | - | - | - | 26 | 1 |
Interest expense | |||||||||||
52 | 52 | 57 | 56 | 68 | 69 | 79 | 99 | 103 | 98 | 89 | 81 |
Loss on debt extinguishment | |||||||||||
0 | 0 | -0 | -90 | -0 | -0 | - | - | - | - | - | - |
Total losses and expenses | |||||||||||
366 | 279 | 281 | 547 | 553 | 687 | 1,085 | 2,307 | 1,988 | 1,879 | 3,473 | 2,669 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | |||||||||||
847 | 844 | 784 | 514 | 487 | 254 | -46 | -928 | -484 | -359 | -1,765 | -947 |
Income Tax Expense (Benefit) | |||||||||||
174 | 174 | 428 | 172 | -684 | 2 | 3 | -1 | 1 | 4 | -442 | -397 |
Income from joint ventures, net of tax (note 12) | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 24 |
Net Income (Loss) Attributable to Parent | |||||||||||
673 | 670 | 355 | 342 | 1,172 | 251 | -49 | -927 | -485 | -363 | -1,322 | -525 |
Earnings Per Share [Abstract] | |||||||||||
Earnings Per Share, Basic | |||||||||||
1.91 | 1.83 | 0.98 | 1.00 | 3.45 | 0.74 | -0.16 | -4.59 | -2.42 | -2.06 | -10.65 | -4.61 |
Earnings Per Share, Diluted | |||||||||||
1.85 | 1.78 | 0.95 | 0.86 | 2.60 | 0.64 | -0.16 | -4.59 | -2.42 | -2.06 | -10.65 | -4.61 |
Weighted Average Number of Shares Outstanding, Basic | |||||||||||
352 | 365 | 362 | 342 | 339 | 338 | 311 | 201 | 201 | 176 | 124 | 0 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||||
373 | 386 | 394 | 431 | 468 | 413 | 311 | 201 | 201 | 176 | 124 | 0 |
Dividends per share (in dollars per share) | |||||||||||
- | - | - | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 |