XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Earnings (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Premiums, principally supplemental health insurance $ 5,467 $ 4,956 $ 10,845 $ 9,828
Net investment income 845 784 1,728 1,579
Realized investment gains (losses):        
Other-than-temporary impairment losses realized (343) [1] (528) [2] (546) [1] (933) [2]
Sales and redemptions (8) (182) 70 (326)
Derivative and other gains (losses) (67) 42 13 12
Total realized investment gains (losses) (418) (668) (463) (1,247)
Other income 8 16 32 44
Total revenues 5,902 5,088 12,142 10,204
Benefits and expenses:        
Benefits and claims 3,763 3,310 7,409 6,532
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 269 251 557 511
Insurance commissions 432 427 867 849
Insurance expenses 587 565 1,150 1,098
Interest expense 62 46 119 92
Other operating expenses 48 45 97 86
Total acquisition and operating expenses 1,398 1,334 2,790 2,636
Total benefits and expenses 5,161 4,644 10,199 9,168
Earnings before income taxes 741 444 1,943 1,036
Income taxes 258 170 675 373
Net earnings $ 483 $ 274 $ 1,268 $ 663
Net earnings per share:        
Basic $ 1.04 $ 0.59 $ 2.72 $ 1.42
Diluted $ 1.03 $ 0.58 $ 2.71 $ 1.41
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic 466,788 466,498 466,337 467,317
Diluted 468,590 469,752 468,561 470,990
Cash dividends per share $ 0.33 $ 0.30 $ 0.66 $ 0.60
[1] Includes $267 and $295 for the three- and six-month periods ended June 30, 2012, respectively, for credit-related impairments and $76 and $251 for the three- and six-month periods ended June 30, 2012, respectively, from change in intent to sell securities
[2] Consisted completely of credit-related impairments