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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Net earned premiums, principally supplemental health insurance [1] $ 3,476 $ 3,535 $ 10,737 $ 11,379
Net investment income 1,004 920 2,946 2,760
Net investment gains (losses) 423 199 1,101 885
Other income (loss) 47 50 139 168
Total revenues 4,950 4,704 14,923 15,192
Benefits and expenses:        
Benefits and claims, excluding reserve remeasurement 2,065 2,169 6,420 6,985
Reserve remeasurement (gains) losses (205) (93) (312) (152)
Total benefits and claims, net 1,860 2,076 6,108 6,833
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 201 194 608 598
Insurance commissions 250 267 797 846
Insurance and other expenses 785 779 2,290 2,413
Interest expense 49 59 148 171
Total acquisition and operating expenses 1,285 1,299 3,843 4,028
Total benefits and expenses 3,145 3,375 9,951 10,861
Earnings before income taxes 1,805 1,329 4,972 4,331
Income taxes 236 (452) 581 109
Net earnings $ 1,569 $ 1,781 $ 4,391 $ 4,222
Net earnings per share:        
Basic (in dollars per share) $ 2.65 $ 2.83 $ 7.31 $ 6.60
Diluted (in dollars per share) $ 2.64 $ 2.82 $ 7.28 $ 6.57
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 591,246 629,350 600,991 639,862
Diluted (in shares) 593,596 631,946 603,419 642,597
Cash dividends per share $ 0.42 $ 0.40 $ 1.26 $ 1.20
[1] Includes a gain (loss) of $22 and $(41) for the three-month periods and $22 and $(42) for the nine-month periods ended September 30, 2023 and 2022, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.