Table of Contents Note P. Quarterly Financial Data (Unaudited) The following tables present unaudited quarterly financial data. 2019 (In millions, except per share data) First Second Third Fourth Full Year Revenues $ 2,695 $ 2,610 $ 2,685 $ 2,777 $ 10,767 Net income (loss)  (1) 342 278 107 273 1,000 Basic earnings (loss) per share  (3) 1.26 1.03 0.39 1.00 3.68 Diluted earnings (loss) per share  (3) $ 1.25 $ 1.02 $ 0.39 $ 1.00 $ 3.67 2018 (In millions, except per share data) First Second Third Fourth Full Year Revenues $ 2,535 $ 2,574 $ 2,622 $ 2,403 $ 10,134 Net income (loss)  (2) 291 270 336 (84) 813 Basic earnings (loss) per share  (3) 1.07 0.99 1.24 (0.31 ) 2.99 Diluted earnings (loss) per share  (3) $ 1.07 $ 0.99 $ 1.23 $ (0.31) $ 2.98 (1) Net income (loss) in the third quarter of 2019 included a $170 million charge related to recognition of an active life reserve premium deficiency as a result of the third quarter 2019 GPV. (2) Net income (loss) in the fourth quarter of 2018 included a loss on limited partnership and common stock investments of $109 million and catastrophe losses, net of reinsurance, of $107 million related to Hurricane Michael and the California wildfires. (3) Earnings (loss) per share (EPS) in each quarter is computed using the weighted average number of shares outstanding during that quarter, while EPS for the full year is computed using the weighted average number of shares outstanding during the year. Thus, the sum of the four quarters EPS may not equal the full year EPS. The Company reimburses Loews for, or pays directly, fees and expenses of investment facilities and services provided to the Company. Additionally, the Company provides investment-related processing services to Loews and charges Loews for these services. The net amounts incurred by the Company for these fees, expenses and services were $44 million, $43 million and $43 million for the years ended December 31, 2019, 2018 and 2017. Net amounts due to Loews related to these services, included in Other liabilities and payable in the first quarter of the subsequent year, were $21 million and $23 million as of December 31, 2019 and 2018. In addition, the Company reimbursed Loews for general corporate services and related travel expenses of $1 million and less than $1 million for the years ended December 31, 2019 and 2018. The CNA Tax Group is included in the consolidated federal income tax return of Loews and its eligible subsidiaries. The related receivable from Loews, included in Other assets, was $21 million and $8 million as of December 31, 2019 and 2018. For a detailed description of the income tax agreement with Loews see Note D to the Consolidated Financial Statements. In addition, the Company writes, at standard rates, a limited amount of insurance for Loews and its subsidiaries. The earned premiums for each of the years ended December 31, 2019, 2018 and 2017 were $2 million. Note Q. Related Party Transactions 129