Year ended December 31,
$ in millions 1999   1998 1997
    Revenues
    Insurance premiums and contract charges $21,735   $20,826 $20,106
    Net investment income 4,112   3,890 3,861
    Realized capital gains and losses 1,112   1,163 982
    Total revenues 26,959   25,879 24,949
             
    Costs and Expenses        
    Insurance claims and contract benefits $ 17,257   $16,016 $15,751
    Costs and expenses 5,805   5,205 4,826
    Total costs and expenses 23,062   21,221 20,577
    Gain on disposition of operations 10   87 62
             
    Income from operations before income tax expense,        
        dividends on preferred securities, and equity in        
        net income of unconsolidated subsidiary 3,907   4,745 4,434
    Income tax expense 1,148   1,422 1,324
    Income before dividends on preferred securities and        
        equity in net income of unconsolidated subsidiary 2,759   3,323 3,110
    Dividends on preferred securities        
        of subsidiary trusts [39]   [39] [39]
    Equity in net income of unconsolidated subsidiary   10 34
    Net income $ 2,720   $ 3,294 $ 3,105
    Earnings per share—diluted $  3.38   $  3.94 $  3.56

    >For more detailed information see proxy statement

 

 

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