XML 16 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Net premiums, principally supplemental health insurance $ 4,823 $ 4,364 $ 9,425 $ 8,796
Net investment income 822 777 1,623 1,559
Realized investment gains (losses):        
Other-than-temporary impairment losses realized [1] (33) 0 (47) (6)
Sales and redemptions 13 92 104 160
Derivative and other gains (losses) (167) 35 (171) (14)
Total realized investment gains (losses) (187) 127 (114) 140
Other income (loss) (21) 19 (46) 18
Total revenues 5,437 5,287 10,888 10,513
Benefits and expenses:        
Benefits and claims, net 3,254 2,937 6,279 5,889
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 284 255 576 532
Insurance commissions 345 325 678 655
Insurance expenses 613 550 1,176 1,080
Interest expense 66 74 131 157
Other expenses 41 272 [2] 97 313 [2]
Total acquisition and operating expenses 1,349 1,476 2,658 2,737
Total benefits and expenses 4,603 4,413 8,937 8,626
Earnings before income taxes 834 874 1,951 1,887
Income taxes 286 301 672 651
Net earnings $ 548 $ 573 $ 1,279 $ 1,236
Net earnings per share:        
Basic (in dollars per share) $ 1.33 $ 1.33 $ 3.08 $ 2.84
Diluted (in dollars per share) $ 1.32 $ 1.32 $ 3.06 $ 2.83
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 411,853 431,672 415,301 434,473
Diluted (in shares) 414,326 434,257 417,623 437,077
Cash dividends per share $ 0.41 $ 0.39 $ 0.82 $ 0.78
8.50% senior notes due May 2019        
Extinguishment of debt, make-whole premium   $ 230   $ 230
[1] Includes $33 and an immaterial amount for the three-month periods and $47 and $6 for the six-month periods ended June 30, 2016 and 2015, respectively, from change in intent to sell securities or change in intent to hold securities until recovery
[2] Includes expense of $230 for the make-whole payment associated with the early extinguishment of debt