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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Net premiums, principally supplemental health insurance $ 18,622 $ 18,780 $ 18,677
Net investment income 3,638 3,578 3,442
Net investment gains (losses) (270) (135) (430)
Other income (loss) 157 84 69
Total revenues 22,147 22,307 21,758
Benefits and expenses:      
Benefits and claims, net 11,796 11,942 12,000
Acquisition and operating expenses:      
Amortization of deferred policy acquisition costs 1,214 1,282 1,245
Insurance commissions 1,316 1,321 1,320
Insurance and other expenses [1] 3,420 3,089 2,988
Interest expense 242 228 222
Total acquisition and operating expenses 6,192 5,920 5,775
Total benefits and expenses 17,988 17,862 17,775
Earnings before income taxes 4,159 4,445 3,983
Income Tax Expense:      
Current 794 806 1,379
Deferred (1,413) 335 (316)
Total income tax expense (619) 1,141 1,063
Net earnings $ 4,778 $ 3,304 $ 2,920
Net earnings per share:      
Basic (in dollars per share) $ 6.69 $ 4.45 $ 3.79
Diluted (in dollars per share) $ 6.67 $ 4.43 $ 3.77
Weighted-average outstanding common shares used in computing earnings per share (In thousands):      
Basic (in shares) 713,702 742,414 769,588
Diluted (in shares) 716,192 746,430 774,650
[1] Includes expense of $15 in 2020 for the early extinguishment of debt