Quarterly Financial Data

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

The following unaudited quarterly financial data is presented on a consolidated basis for each of the years ended December 31, 2016 and December 31, 2015. Quarterly financial results necessarily rely heavily on estimates. This and certain other factors, such as the seasonal nature of portions of the insurance business, suggest the need to exercise caution in drawing specific conclusions from quarterly consolidated results.

(In millions, except per share amounts)				Three Months Ended
	March 31		June 30			Sept. 30			Dec. 31
Consolidated Results
2016
Total revenues	$	9,884	$	9,960		$	9,880		$	9,944
Income before income taxes		819		813			742			605
Shareholders' net income		519	⁽¹⁾	510	⁽¹⁾		456	^{(1), (2)}		382	^{(1), (4)}
Shareholders' net income per share:	1
Basic		2.04		2.00			1.79			1.49
Diluted		2.00		1.97			1.76			1.47
2015
Total revenues	$	9,467	$	9,492		$	9,389		$	9,528
Income before income taxes		854		936			878			659
Shareholders' net income		533		588	⁽³⁾		547	⁽¹⁾		426	⁽¹⁾
Shareholders' net income per share:	1
Basic		2.08		2.30			2.14			1.66
Diluted		2.04		2.26			2.10			1.64
Stock and Dividend Data
2016
Price range of common stock — high	$	147.93	$	142.91		$	148.99		$	142.00
— low	$	123.54	$	121.87		$	123.53		$	115.03
Dividends declared per common share	$	0.04	$	-		$	-		$	-
2015
Price range of common stock — high	$	131.13	$	170.63		$	166.19		$	148.51
— low	$	100.68	$	124.30		$	125.61		$	127.51
Dividends declared per common share	$	0.04	$	-		$	-		$	-

(1) Shareholders' net income includes after-tax charges related to the Company's proposed merger with Anthem as follows: $29 million in the third quarter of 2015, $28 million in the fourth quarter of 2015, $36 million in the first quarter of 2016, $26 million in the second quarter of 2016, $46 million in the third quarter of 2016 and $39 million in the fourth quarter of 2016. See Note 3 to the Consolidated Financial Statements for additional details

(2) Shareholders' net income includes an after-tax charge of $25 million for charges related to litigation matters in the third quarter of 2016. See Note 21 to the Consolidated Financial Statements for a description of litigation matters.

(3) Shareholders' net income includes an after-tax charge of $-65 million for the early extinguishment of debt in the second quarter of 2015. See Note 5 to the Consolidated Financial Statements for additional details.

(4) Shareholders' net income includes an after-tax charge of $80 million for an allowance for the risk corridor receivable balance in the fourth quarter of 2016. See Note 22 to the Consolidated Financial Statements for additional details.