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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:                      
Premiums                 $ 62,948 $ 54,941 $ 52,380
Services                 1,439 1,457 982
Investment income                 501 514 405
Total revenues $ 16,295 $ 16,241 $ 16,245 $ 16,107 $ 14,168 $ 14,206 $ 14,259 $ 14,279 64,888 56,912 53,767
Operating expenses:                      
Benefits                 53,857 45,882 43,496
Operating costs                 7,381 7,525 6,567
Merger termination fee and related costs, net                 0 0 (936)
Depreciation and amortization                 458 405 378
Total operating expenses                 61,696 53,812 49,505
Income from operations                 3,192 3,100 4,262
Loss on sale of business                 0 786 0
Interest expense                 242 218 242
Other (income) expense, net                 (506) 33 0
Income before income taxes and equity in net earnings 593 888 1,229 746 436 901 19 707 3,456 2,063 4,020
Provision for income taxes                 763 391 1,572
Equity in net earnings of Kindred at Home                 14 11 0
Net income $ 512 $ 689 $ 940 $ 566 $ 355 $ 644 $ 193 $ 491 $ 2,707 $ 1,683 $ 2,448
Basic earnings per common share (in USD per share) $ 3.87 $ 5.16 $ 6.96 $ 4.18 $ 2.60 $ 4.68 $ 1.40 $ 3.56 $ 20.20 $ 12.24 $ 16.94
Diluted earnings per common share (in USD per share) $ 3.84 $ 5.14 $ 6.94 $ 4.16 $ 2.58 $ 4.65 $ 1.39 $ 3.53 $ 20.10 $ 12.16 $ 16.81