XML 18 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Net premiums, principally supplemental health insurance $ 17,570 $ 19,072 $ 20,135
Net investment income 3,135 3,319 3,293
Realized investment gains (losses):      
Other-than-temporary impairment losses realized [1] (153) (31) (199)
Sales and redemptions 303 215 262
Derivative and other gains (losses) (10) 31 336
Total realized investment gains (losses) 140 215 399
Other income (loss) 27 122 112
Total revenues 20,872 22,728 23,939
Benefits and expenses:      
Benefits and claims, net 11,746 12,937 13,813
Acquisition and operating expenses:      
Amortization of deferred policy acquisition costs 1,066 1,108 1,074
Insurance commissions 1,303 1,436 1,528
Insurance expenses 2,214 2,261 2,222
Interest expense 289 317 293
Other operating expenses 392 [2] 178 193
Total acquisition and operating expenses 5,264 5,300 5,310
Total benefits and expenses 17,010 18,237 19,123
Earnings before income taxes 3,862 4,491 4,816
Income Tax Expense:      
Current 1,288 1,079 1,236
Deferred 41 461 422
Total income tax expense 1,329 1,540 1,658
Net earnings $ 2,533 $ 2,951 $ 3,158
Net earnings per share:      
Basic (in dollars per share) $ 5.88 $ 6.54 $ 6.80
Diluted (in dollars per share) $ 5.85 $ 6.50 $ 6.76
Weighted-average outstanding common shares used in computing earnings per share (In thousands):      
Basic (in shares) 430,654 451,204 464,502
Diluted (in shares) 433,172 454,000 467,408
8.50% senior notes due May 2019      
Expense on extinguishment of debt, make-whole premium $ 230    
[1] Includes $131 and $45 for the years ended December 31, 2015 and 2013, respectively, for credit-related impairments; $26 for the year ended December 31, 2013 for impairments due to severity and duration of decline in fair value; and $22, $31 and $128 for the years ended December 31, 2015, 2014 and 2013, respectively, from change in intent to sell securities
[2] Includes expense of $230 for the make-whole payment associated with the early extinguishment of debt