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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net premiums earned	1,491	1,394	2,467	2,224	1,395	–	–	–	–	–
Total revenues	11,839	12,180	12,924	13,103	11,958	13,389	14,334	16,096	17,926	18,911
Realized investment gains (losses)	–	–	–	–	–	–	–	–	–	–
Provision for credit losses	2	(1)	0	0	21	(11)	–	–	–	–
Losses and loss adjustment expenses	2,646	2,233	2,302	2,576	1,806	(156)	242	1,350	1,299	1,303
Policy acquisition costs	415	267	322	179	277	259	252	246	242	–
Interest and investment income	1,368	1,349	1,353	1,378	1,161	–	–	–	–	–
Income before taxes	1,591	2,214	2,484	2,232	1,831	4,185	3,931	3,234	4,267	4,504
Income tax expense	278	734	386	339	297	768	782	678	866	941
Net income from continuing operations	1,314	1,480	2,098	1,893	1,534	3,417	3,149	2,556	3,401	3,563
Net income	1,313	1,480	2,098	1,893	1,534	3,417	3,149	2,556	3,401	3,563
Net income to common shareholders	–	–	–	1,893	1,534	3,417	3,149	2,556	3,401	3,563