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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Premium revenue $ 4,049 $ 4,514 $ 8,001 $ 8,837
Premium tax revenue 110 106 248 210
Health insurer fees reimbursed 0 104 0 165
Service revenue 0 127 0 261
Investment income and other revenue 34 32 63 56
Total revenue 4,193 4,883 8,312 9,529
Operating expenses:        
General and administrative expenses 328 335 630 687
Premium tax expenses 110 106 248 210
Health insurer fees 0 99 0 174
Depreciation and amortization 22 25 47 51
Restructuring costs 2 8 5 33
Total operating expenses 3,928 4,541 7,767 8,965
Operating income 265 342 545 564
Other expenses, net:        
Interest expense 22 32 45 65
Other (income) expenses, net (14) 5 (17) 15
Total other expenses, net 8 37 28 80
Income before income tax expense 257 305 517 484
Income tax expense 61 103 123 175
Net income $ 196 $ 202 $ 394 $ 309
Net income per share:        
Basic (in dollars per share) $ 3.15 $ 3.29 $ 6.34 $ 5.10
Diluted (in dollars per share) $ 3.06 $ 3.02 $ 6.04 $ 4.68
Health Care, Premium        
Operating expenses:        
Cost of revenue $ 3,466 $ 3,850 $ 6,837 $ 7,572
Technology Service        
Operating expenses:        
Cost of revenue $ 0 $ 118 $ 0 $ 238