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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Net earned premiums, principally supplemental health insurance $ 3,573 $ 3,764 $ 7,262 $ 7,844
Net investment income 999 937 1,942 1,840
Net investment gains (losses) 555 564 678 686
Other income (loss) 45 50 90 118
Total revenues 5,172 5,315 9,972 10,488
Benefits and expenses:        
Benefits and claims, excluding reserve remeasurement 2,152 2,299 4,354 4,816
Reserve remeasurement (gains) losses (54) (25) (107) (59)
Total benefits and claims, net 2,098 2,274 4,247 4,757
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 202 197 407 405
Insurance commissions 268 279 547 579
Insurance and other expenses 728 802 1,505 1,633
Interest expense 51 55 99 112
Total acquisition and operating expenses 1,249 1,333 2,558 2,729
Total benefits and expenses 3,347 3,607 6,805 7,486
Earnings before income taxes 1,825 1,708 3,167 3,002
Income taxes 191 314 345 561
Net earnings $ 1,634 $ 1,394 $ 2,822 $ 2,441
Net earnings per share:        
Basic (in dollars per share) $ 2.72 $ 2.18 $ 4.66 $ 3.78
Diluted (in dollars per share) $ 2.71 $ 2.17 $ 4.64 $ 3.77
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 600,742 640,707 605,945 645,205
Diluted (in shares) 602,929 643,243 608,411 648,010
Cash dividends per share $ 0.42 $ 0.40 $ 0.84 $ 0.80