XML 17 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Net premiums, principally supplemental health insurance $ 18,677 $ 18,531 $ 19,225
Net investment income 3,442 3,220 3,278
Realized investment gains (losses):      
Other-than-temporary impairment losses realized (81)    
Other-than-temporary impairment losses realized   (37) (85)
Other gains (losses) [1] (349) (114) 71
Total realized investment gains (losses) (430) (151) (14)
Other income (loss) 69 67 70
Total revenues 21,758 21,667 22,559
Benefits and expenses:      
Benefits and claims, net 12,000 12,181 12,919
Acquisition and operating expenses:      
Amortization of deferred policy acquisition costs 1,245 1,132 1,141
Insurance commissions 1,320 1,316 1,368
Insurance and other expenses [2] 2,988 2,780 2,796
Interest expense 222 240 268
Total acquisition and operating expenses 5,775 5,468 5,573
Total benefits and expenses 17,775 17,649 18,492
Earnings before income taxes 3,983 4,018 4,067
Income Tax Expense:      
Current 1,379 631 884
Deferred (316) (1,217) 524
Total income tax expense 1,063 (586) 1,408
Net earnings $ 2,920 $ 4,604 $ 2,659
Net earnings per share:      
Basic (in dollars per share) $ 3.79 $ 5.81 $ 3.23
Diluted (in dollars per share) $ 3.77 $ 5.77 $ 3.21
Weighted-average outstanding common shares used in computing earnings per share (In thousands):      
Basic (in shares) 769,588 792,042 822,942
Diluted (in shares) 774,650 797,861 827,841
5.50% subordinated notes due September 2052      
Expense on extinguishment of debt   $ 13  
Senior Notes due 2039 and 2040      
Expense on extinguishment of debt     $ 137
[1] See Note 1 of the Notes to the Consolidated Financial Statements for the adoption of accounting guidance on January 1, 2018 related to financial instruments.
[2] Includes expense of $13 in 2017 and $137 in 2016 for the early extinguishment of debt