Quarterly Financial Data

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

The following unaudited quarterly financial data is presented on a consolidated basis for each of the years ended December 31, 2015 and December 31, 2014. Quarterly financial results necessarily rely heavily on estimates. This and certain other factors, such as the seasonal nature of portions of the insurance business, suggest the need to exercise caution in drawing specific conclusions from quarterly consolidated results.

(In millions, except per share amounts)				Three Months Ended
	March 31		June 30			Sept. 30			Dec. 31
Consolidated Results
2015
Total revenues	$	9,467	$	9,492		$	9,389		$	9,528
Income before income taxes		854		936			878			659
Shareholders' net income		533		588	⁽¹⁾		547	⁽²⁾		426	⁽²⁾
Shareholders' net income per share:	1
Basic		2.08		2.30			2.14			1.66
Diluted		2.04		2.26			2.10			1.64
2014
Total revenues	$	8,496	$	8,733		$	8,757		$	8,928
Income before income taxes		853		901			818			732
Shareholders' net income		528		573			534			467
Shareholders' net income per share:	1
Basic		1.96		2.16			2.04			1.80
Diluted		1.92		2.12			2.01			1.77
Stock and Dividend Data
2015
Price range of common stock — high	$	131.13	$	170.63		$	166.19		$	148.51
— low	$	100.68	$	124.30		$	125.61		$	127.51
Dividends declared per common share	$	0.04	$	-		$	-		$	-
2014
Price range of common stock — high	$	90.63	$	93.20		$	97.28		$	105.73
— low	$	75.37	$	73.47		$	87.33		$	85.75
Dividends declared per common share	$	0.04	$	-		$	-		$	-

(1) Shareholders' net income includes an after-tax charge of $65 million for the early extinguishment of debt in the second quarter of 2015. See Note 15 to the Consolidated Financial Statements for additional details.

(2) Shareholders' net income includes after-tax charges of $29 million in the third quarter of 2015 and $28 million in the fourth quarter of 2015 for advisory, legal and other transactions costs directly related to the Company's proposed merger with Anthem. See Note 3 to the Consolidated Financial Statements for additional details