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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Net earned premiums, principally supplemental health insurance [1] $ 3,372 $ 3,328 $ 10,223 $ 10,109
Net investment income 1,067 1,006 3,103 3,100
Net investment gains (losses) 275 (1,408) (1,109) 239
Other income (loss) 26 23 81 76
Total revenues 4,740 2,949 12,298 13,524
Benefits and expenses:        
Benefits and claims, excluding reserve remeasurement 2,016 2,003 6,049 6,042
Reserve remeasurement (gains) losses (580) (408) (658) (515)
Total benefits and claims, net 1,436 1,595 5,391 5,527
Acquisition and operating expenses:        
Amortization of deferred policy acquisition costs 218 214 655 638
Insurance commissions 254 251 745 751
Insurance and other expenses 781 747 2,387 2,179
Interest expense 57 50 159 147
Total acquisition and operating expenses 1,310 1,262 3,946 3,715
Total benefits and expenses 2,746 2,857 9,337 9,242
Earnings before income taxes 1,994 92 2,961 4,282
Income taxes 355 185 694 741
Net earnings $ 1,639 $ (93) $ 2,267 $ 3,541
Net earnings per share:        
Basic (in dollars per share) $ 3.09 $ (0.17) $ 4.22 $ 6.26
Diluted (in dollars per share) $ 3.08 $ (0.17) $ 4.21 $ 6.23
Weighted-average outstanding common shares used in computing earnings per share (In thousands):        
Basic (in shares) 530,050 557,899 537,095 565,757
Diluted (in shares) 532,015 560,414 539,052 568,216
Cash dividends per share $ 0.58 $ 0.50 $ 1.74 $ 1.50
[1] Includes a gain (loss) of $(55) and $(75) for the three-month periods and $(55) and $(80) for the nine-month periods ended September 30, 2025 and 2024, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.