CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Millions |
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Income Statement [Abstract] |
|
|
| Professional service revenues |
$ 129
|
$ 120
|
| Insurance service revenues |
732
|
688
|
| Total revenues |
861
|
808
|
| Costs and operating expenses: |
|
|
| Insurance costs |
641
|
609
|
| Cost of providing services (exclusive of depreciation and amortization of intangible assets) |
57
|
57
|
| Sales and marketing |
39
|
49
|
| General and administrative |
31
|
25
|
| Systems development and programming costs |
13
|
11
|
| Depreciation |
8
|
6
|
| Amortization of intangible assets |
1
|
1
|
| Total costs and operating expenses |
790
|
758
|
| Operating income |
71
|
50
|
| Other income (expense): |
|
|
| Interest expense, bank fees and other, net |
(4)
|
(5)
|
| Income before provision for income taxes |
67
|
45
|
| Income tax expense |
13
|
16
|
| Net income |
54
|
29
|
| Comprehensive income |
$ 54
|
$ 29
|
| Net income per share: |
|
|
| Basic (in dollars per share) |
$ 0.77
|
$ 0.42
|
| Diluted (in dollars per share) |
$ 0.75
|
$ 0.41
|
| Weighted average shares: |
|
|
| Basic (in shares) |
70,047,752
|
68,509,328
|
| Diluted (in shares) |
72,274,821
|
70,913,970
|