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Consolidated Statements Of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Premiums $ 25,092 $ 23,501 $ 50,609 $ 46,344
Product revenue 2,543 144 4,887 144
Administrative fees and other revenue 1,543 1,532 3,130 3,077
Total operating revenue 29,178 25,177 58,626 49,565
Net investment income 57 285 311 495
Net realized gains (losses) on financial instruments 18 11 (6) 89
Impairment losses on investments:        
Total impairment recoveries (losses) on investments 6 (9) (95) (22)
Non-credit component of impairment losses on investments recognized in other comprehensive income before tax 5 2 49 5
Impairment recoveries (losses) recognized in income 11 (7) (46) (17)
Total revenues 29,264 25,466 58,885 50,132
Expenses        
Benefit expense 19,547 20,368 41,036 39,650
Cost of products sold 2,225 98 4,209 98
Selling, general and administrative expense 4,046 3,278 7,827 6,444
Interest expense 201 184 395 371
Amortization of other intangible assets 93 85 176 172
Loss (gain) on extinguishment of debt 3 0 4 (1)
Total expenses 26,115 24,013 53,647 46,734
Income before income tax expense 3,149 1,453 5,238 3,398
Income tax expense 873 314 1,439 708
Net income $ 2,276 $ 1,139 $ 3,799 $ 2,690
Net income per share        
Basic net income per share $ 9.02 $ 4.44 $ 15.06 $ 10.47
Diluted net income per share 8.91 4.36 14.85 10.28
Dividends per share $ 0.95 $ 0.80 $ 1.90 $ 1.60