Acquisitions (Tables)

1 Months Ended

9 Months Ended

Jan. 31, 2012

Sep. 30, 2012

Business Acquisition Purchase Price Allocation [Abstract]

Condensed Great American Supplemental Benefits Group Balance Sheet At Acquisition Date

(In millions)
Investments	$	211
Cash and cash equivalents		36
Reinsurance recoverables		448
Goodwill		161
Value of business acquired (reported in Deferred policy acquisition costs in Consolidated Balance Sheet)		71
Other assets, including other intangibles		36
Total assets acquired		963
Insurance liabilities		634
Accounts payable, accrued expenses and other liabilities		22
Total liabilities acquired		656
Net assets acquired	$	307

Calculation Of Estimated Merger Consideration Heathspring

(In millions, except per share amounts)
HealthSpring, Inc. common shares outstanding at January 30, 2012		67.8
Less: common shares outstanding not settled in cash		(0.1)
Common shares settled in cash		67.7
Price per share	$	55
Cash consideration for outstanding shares	$	3,725
Fair value of share-based compensation awards		65
Additional cash and equity consideration		21
Total merger consideration	$	3,811

Rollover Awards For Healthspring Employees

									Compensation
	Number of		Average exercise/		Fair value		Included in		expense
(Awards in thousands, dollars in millions, except per share amounts)	awards		award price		of awards		purchase price		post-acquisition
Vested options	589	$	14.04	$	18	$	18	$	-
Unvested options	1,336	$	16.21		37		28		9
Restricted stock	786	$	44.43		35		19		16
Total	2,711			$	90	$	65	$	25

Condensed Healthspring Balance Sheet At Acquisition Date

(In millions)
Investments	$	612
Cash and cash equivalents		492
Premiums, accounts and notes receivable		320
Goodwill		2,545
Intangible assets		795
Other		91
Total assets acquired		4,855
Insurance liabilities		505
Deferred income taxes		213
Debt		326
Total liabilities acquired		1,044
Net assets acquired	$	3,811

Fair Value And Useful Lives Of Intangible Assets

(Dollars in millions)		Estimated Fair Value	Estimated Useful Life (In Years)
Customer relationships	$	711	8
Other		84	3-10
Total other intangible assets	$	795

Pro Forma Information HealthSpring

		Three Months
		Ended		Nine Months Ended September 30,
(In millions, except per share amounts)		September 30, 2011		2012		2011
Total revenues	$	6,940	$	22,092	$	20,639
Shareholders' net income	$	229	$	1,227	$	1,096
Earnings per share:
Basic	$	0.80	$	4.30	$	3.84
Diluted	$	0.79	$	4.23	$	3.78