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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net premiums, principally supplemental health insurance $ 4,664 $ 4,681 $ 9,346 $ 9,373
Net investment income 870 878 1,774 1,756
Net investment gains (losses) (170) (66) (633) 5
Other income (loss) 43 18 82 34
Total revenues 5,407 5,511 10,569 11,168
Benefits and expenses:        
Benefits and claims, net 2,897 2,964 5,837 5,932
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 289 309 622 649
Insurance commissions 332 329 668 661
Insurance and other expenses (1) 756 743 1,536 [1] 1,460
Interest expense 63 57 117 115
Total acquisition and operating expenses 1,440 1,438 2,943 2,885
Total benefits and expenses 4,337 4,402 8,780 8,817
Earnings before income taxes 1,070 1,109 1,789 2,351
Income taxes 265 292 419 606
Net earnings $ 805 $ 817 $ 1,370 $ 1,745
Net earnings per share:        
Basic (in dollars per share) $ 1.12 $ 1.10 $ 1.90 $ 2.33
Diluted (in dollars per share) $ 1.12 $ 1.09 $ 1.89 $ 2.32
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 717,889 745,153 721,128 748,271
Diluted (in shares) 719,764 748,849 723,638 752,302
Cash dividends per share $ 0.28 $ 0.27 $ 0.56 $ 0.54
4.00% senior notes paid January 2020        
Expense on extinguishment of debt     $ 15  
[1] Includes expense of $15 for the early extinguishment of debt