XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Earnings (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Net premiums, principally supplemental health insurance $ 4,888 $ 5,013 $ 9,742 $ 10,197
Net investment income 843 813 1,670 1,646
Realized investment gains (losses):        
Other-than-temporary impairment losses realized (28) [1] 0 [1] (31) [1] (55) [1]
Sales and redemptions 97 86 138 205
Derivative and other gains (losses) 33 115 (51) 207
Total realized investment gains (losses) 102 201 56 357
Other income 5 17 10 52
Total revenues 5,838 6,044 11,478 12,252
Benefits and expenses:        
Benefits and claims, net 3,293 3,411 6,513 6,932
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 276 251 570 534
Insurance commissions 369 378 735 770
Insurance expenses 537 529 1,071 1,063
Interest expense 81 69 161 140
Other operating expenses 44 48 86 94
Total acquisition and operating expenses 1,307 1,275 2,623 2,601
Total benefits and expenses 4,600 4,686 9,136 9,533
Earnings before income taxes 1,238 1,358 2,342 2,719
Income taxes 428 469 800 938
Net earnings $ 810 $ 889 $ 1,542 $ 1,781
Net earnings per share:        
Basic (in dollars per share) $ 1.79 $ 1.91 $ 3.40 $ 3.82
Diluted (in dollars per share) $ 1.78 $ 1.90 $ 3.38 $ 3.80
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 452,559 465,213 453,639 465,834
Diluted (in shares) 455,380 467,975 456,534 468,546
Cash dividends per share $ 0.37 $ 0.35 $ 0.74 $ 0.70
[1] Includes $0 and $1 for the six-month periods ended June 30, 2014 and 2013, respectively, for impairments due to severity and duration of decline in fair value; and $28 and $0 for the three-month periods and $31 and $54 for the six-month periods ended June 30, 2014 and 2013, respectively, from change in intent to sell securities