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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Net earned premiums, principally supplemental health insurance [1] $ 13,548 $ 13,440 $ 14,123
Net investment income 4,076 4,116 3,811
Net investment gains (losses) (572) 1,271 590
Other income (loss) 112 100 177
Total revenues 17,164 18,927 18,701
Benefits and expenses:      
Benefits and claims, excluding reserve remeasurement 7,987 8,008 8,594
Reserve remeasurement (gains) losses (694) (558) (383)
Total benefits and claims, net 7,293 7,450 8,211
Acquisition and operating expenses:      
Amortization of deferred policy acquisition costs 874 851 816
Insurance commissions 991 998 1,052
Insurance and other expenses 3,253 3,014 3,165
Interest expense 220 197 195
Total acquisition and operating expenses 5,338 5,060 5,228
Total benefits and expenses 12,631 12,510 13,439
Earnings before income taxes 4,533 6,417 5,262
Income tax expense (benefit):      
Current 1,115 1,330 1,663
Deferred (228) (356) (1,060)
Income taxes 887 974 603
Net earnings $ 3,646 $ 5,443 $ 4,659
New earnings per share:      
Basic (in dollars per share) $ 6.84 $ 9.68 $ 7.81
Diluted (in dollars per share) $ 6.82 $ 9.63 $ 7.78
Weighted-average outstanding common shares used in computing earnings per share (In thousands):      
Basic (in shares) 532,885 562,492 596,173
Diluted (in shares) 534,878 565,015 598,745
Cash dividends per share $ 2.32 $ 2.00 $ 1.68
[1] Includes a gain (loss) of $(52), $(81) and $20 in 2025, 2024 and 2023, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.