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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Net earned premiums, principally supplemental health insurance [1] $ 14,123 $ 14,901 $ 17,095
Net investment income 3,811 3,656 3,818
Net investment gains (losses) 590 363 468
Other income (loss) 177 220 173
Total revenues 18,701 19,140 21,554
Benefits and expenses:      
Benefits and claims, excluding reserve remeasurement 8,594 9,102 10,623
Reserve remeasurement (gains) losses (383) (215) (147)
Total benefits and claims, net 8,211 8,887 10,476
Acquisition and operating expenses:      
Amortization of deferred policy acquisition costs 816 792 835
Insurance commissions 1,052 1,117 1,256
Insurance and other expenses [2] 3,165 3,249 3,541
Interest expense 195 226 238
Total acquisition and operating expenses 5,228 5,384 5,870
Total benefits and expenses 13,439 14,271 16,346
Earnings before income taxes 5,262 4,869 5,208
Income Tax Expense:      
Current 1,663 1,181 1,095
Deferred (1,060) (730) (118)
Income taxes 603 451 977
Net earnings $ 4,659 $ 4,418 $ 4,231
Net earnings per share:      
Basic (in dollars per share) $ 7.81 $ 6.96 $ 6.28
Diluted (in dollars per share) $ 7.78 $ 6.93 $ 6.25
Weighted-average outstanding common shares used in computing earnings per share (In thousands):      
Basic (in shares) 596,173 634,816 673,617
Diluted (in shares) 598,745 637,655 676,729
Cash dividends per share $ 1.68 $ 1.60 $ 1.32
[1] Includes a gain (loss) of $20, $(42) and $(11) in 2023, 2022 and 2021, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.
[2] Includes expense of $48 in 2021 for the early extinguishment of debt.