CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Revenue: | ||
| Premium revenue | $ 4,323 | $ 4,648 |
| Service revenue | 134 | 131 |
| Premium tax revenue | 104 | 111 |
| Health insurer fees reimbursed | 61 | 0 |
| Investment income and other revenue | 24 | 14 |
| Total revenue | 4,646 | 4,904 |
| Operating expenses: | ||
| Medical care costs | 3,722 | 4,111 |
| Cost of service revenue | 120 | 122 |
| General and administrative expenses | 352 | 439 |
| Premium tax expenses | 104 | 111 |
| Health insurer fees | 75 | 0 |
| Depreciation and amortization | 26 | 39 |
| Restructuring and separation costs | 25 | 0 |
| Total operating expenses | 4,424 | 4,822 |
| Operating income | 222 | 82 |
| Other expenses (income), net: | ||
| Interest expense | 33 | 26 |
| Other expense (income), net | 10 | (75) |
| Total other expenses (income), net | 43 | (49) |
| Income before income tax expense | 179 | 131 |
| Income tax expense | 72 | 54 |
| Net income | $ 107 | $ 77 |
| Net income per share: | ||
| Basic (in dollars per share) | $ 1.79 | $ 1.38 |
| Diluted (in dollars per share) | $ 1.64 | $ 1.37 |