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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Premium revenue $ 1,128,770 $ 976,685 $ 2,210,208 $ 1,941,905
Service revenue 36,888 21,054 73,562 21,054
Investment income 1,446 1,599 3,040 3,120
Total revenue 1,167,104 999,338 2,286,810 1,966,079
Expenses:        
Medical care costs 949,359 839,613 1,862,891 1,662,429
Cost of service revenue 39,215 14,254 70,436 14,254
General and administrative expenses 96,921 78,079 191,357 156,959
Premium tax expenses 37,709 34,995 74,259 69,541
Depreciation and amortization 12,490 11,219 25,157 21,280
Total expenses 1,135,694 978,160 2,224,100 1,924,463
Operating income 31,410 21,178 62,710 41,616
Interest expense 3,683 4,099 7,286 7,456
Income before income taxes 27,727 17,079 55,424 34,160
Provision for income taxes 10,287 6,500 20,596 12,991
Net income $ 17,440 $ 10,579 $ 34,828 $ 21,169
Net income per share (1):        
Basic $ 0.38 [1] $ 0.27 [1] $ 0.76 [1] $ 0.55 [1]
Diluted $ 0.38 [1] $ 0.27 [1] $ 0.75 [1] $ 0.54 [1]
Weighted average shares outstanding (1):        
Basic 45,897 [1] 38,611 [1] 45,743 [1] 38,541 [1]
Diluted 46,471 [1] 38,926 [1] 46,392 [1] 38,929 [1]
[1] All applicable share and per-share amounts reflect the retroactive effects of the three-for-two common stock split in the form of a stock dividend that was effective May 20, 2011.