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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Premium $ 1,523,433 $ 1,428,879 $ 3,059,228 $ 2,795,646
Investment income and other 4,001 8,634 8,121 13,516
Total revenues 1,527,434 1,437,513 3,067,349 2,809,162
Expenses:        
Health benefits 1,281,760 1,176,445 2,538,722 2,318,017
Selling, general and administrative 122,289 108,189 238,748 225,612
Premium tax 40,439 33,172 80,887 64,644
Depreciation and amortization 9,332 8,905 18,422 17,615
Interest 4,170 4,019 8,349 8,009
Total expenses 1,457,990 1,330,730 2,885,128 2,633,897
Income before income taxes 69,444 106,783 182,221 175,265
Income tax expense 25,150 39,570 67,450 65,870
Net income $ 44,294 $ 67,213 $ 114,771 $ 109,395
Net income per share:        
Basic net income per share $ 0.91 $ 1.34 $ 2.37 $ 2.17
Weighted average number of common shares outstanding 48,419,556 50,296,209 48,342,756 50,422,564
Diluted net income per share $ 0.83 $ 1.31 $ 2.18 $ 2.14
Weighted average number of common shares and dilutive potential common shares outstanding 53,541,368 51,318,044 52,658,303 51,235,939