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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Net earned premiums, principally supplemental health insurance [1] $ 13,440 $ 14,123 $ 14,901
Net investment income 4,116 3,811 3,656
Net investment gains (losses) 1,271 590 363
Other income (loss) 100 177 220
Total revenues 18,927 18,701 19,140
Benefits and expenses:      
Benefits and claims, excluding reserve remeasurement 8,008 8,594 9,102
Reserve remeasurement (gains) losses (558) (383) (215)
Total benefits and claims, net 7,450 8,211 8,887
Acquisition and operating expenses:      
Amortization of deferred policy acquisition costs 851 816 792
Insurance commissions 998 1,052 1,117
Insurance and other expenses 3,014 3,165 3,249
Interest expense 197 195 226
Total acquisition and operating expenses 5,060 5,228 5,384
Total benefits and expenses 12,510 13,439 14,271
Earnings before income taxes 6,417 5,262 4,869
Income tax expense (benefit):      
Current 1,330 1,663 1,181
Deferred (356) (1,060) (730)
Income taxes 974 603 451
Net earnings $ 5,443 $ 4,659 $ 4,418
Impact on net earnings per share:      
Basic (in dollars per share) $ 9.68 $ 7.81 $ 6.96
Diluted (in dollars per share) $ 9.63 $ 7.78 $ 6.93
Weighted-average outstanding common shares used in computing earnings per share (In thousands):      
Basic (in shares) 562,492 596,173 634,816
Diluted (in shares) 565,015 598,745 637,655
Cash dividends per share $ 2.00 $ 1.68 $ 1.60
[1] Includes a gain (loss) of $(81), $20 and $(42) in 2024, 2023 and 2022, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.