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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net earned premiums, principally supplemental health insurance [1] $ 3,470 $ 3,325 $ 6,851 $ 6,781
Net investment income 1,081 1,095 2,036 2,095
Net investment gains (losses) (421) 696 (1,384) 1,647
Other income (loss) 30 22 55 52
Total revenues 4,160 5,138 7,558 10,575
Benefits and expenses:        
Benefits and claims, excluding reserve remeasurement 2,047 1,972 4,033 4,039
Reserve remeasurement (gains) losses (37) (51) (78) (107)
Total benefits and claims, net 2,010 1,921 3,955 3,932
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 221 208 437 424
Insurance commissions 251 246 491 501
Insurance and other expenses 804 694 1,606 1,431
Interest expense 52 50 102 97
Total acquisition and operating expenses 1,328 1,198 2,636 2,453
Total benefits and expenses 3,338 3,119 6,591 6,385
Earnings before income taxes 822 2,019 967 4,190
Income taxes 223 264 339 556
Net earnings $ 599 $ 1,755 $ 628 $ 3,634
Net earnings per share:        
Basic (in dollars per share) $ 1.12 $ 3.11 $ 1.16 $ 6.38
Diluted (in dollars per share) $ 1.11 $ 3.10 $ 1.16 $ 6.35
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 536,688 564,573 540,676 569,730
Diluted (in shares) 538,425 566,838 542,629 572,160
Cash dividends per share $ 0.58 $ 0.50 $ 1.16 $ 1.00
[1] Includes a gain (loss) of an immaterial amount and $(2) for the three-month periods and an immaterial amount and $(5) for the six-month periods ended June 30, 2025 and 2024, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.