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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Net earned premiums, principally supplemental health insurance $ 3,849 $ 4,441 $ 8,028 $ 9,034
Net investment income 937 993 1,840 1,918
Net investment gains (losses) 564 89 686 396
Other income (loss) 50 41 118 85
Total revenues 5,400 5,564 10,672 11,433
Benefits and expenses:        
Benefits and claims, net 2,298 2,653 4,785 5,387
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 268 280 590 592
Insurance commissions 279 315 579 641
Insurance and other expenses [1] 799 881 1,629 1,712
Interest expense 55 62 112 124
Total acquisition and operating expenses 1,401 1,538 2,910 3,069
Total benefits and expenses 3,699 4,191 7,695 8,456
Earnings before income taxes 1,701 1,373 2,977 2,977
Income taxes 313 268 557 579
Net earnings $ 1,388 $ 1,105 $ 2,420 $ 2,398
Net earnings per share:        
Basic (in dollars per share) $ 2.17 $ 1.63 $ 3.75 $ 3.51
Diluted (in dollars per share) $ 2.16 $ 1.62 $ 3.73 $ 3.49
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 640,707 678,050 645,205 683,464
Diluted (in shares) 643,243 680,920 648,010 686,400
Cash dividends per share $ 0.40 $ 0.33 $ 0.80 $ 0.66
[1] Includes expense of $48 in the three- and six-month periods ended June 30, 2021 for the early extinguishment of debt.