Aetna 2005 Annual Report Download - page 39

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CONSOLIDATED STATEMENTS OF INCOME For the Years Ended December 31,
(Millions, except per common share data) 2005 2004 2003
Revenue:
Health care premiums $16,924.7 $14,862.8 $13,235.5
Other premiums 2,003.0 1,813.9 1,668.5
Fees and other revenue 2,428.9 2,094.1 1,912.2
Net investment income 1,103.0 1,062.5 1,095.0
Net realized capital gains 32.3 70.8 65.2
Total revenue 22,491.9 19,904.1 17,976.4
Benefits and expenses:
Health care costs 13,107.9 11,637.7 10,135.8
Current and future benefits 2,364.5 2,191.5 2,090.8
Operating expenses:
Selling expenses 843.5 700.0 567.4
General and administrative expenses 3,515.1 3,328.8 3,587.1
Total operating expenses 4,358.6 4,028.8 4,154.5
Interest expense 122.8 104.7 102.9
Amortization of other acquired intangible assets 57.4 42.5 50.8
Reduction of reserve for anticipated future losses on discontinued products (66.7) – –
Total benefits and expenses 19,944.5 18,005.2 16,534.8
Income from continuing operations before income taxes 2,547.4 1,898.9 1,441.6
Income taxes 912.9 683.8 507.8
Income from continuing operations 1,634.5 1,215.1 933.8
Discontinued operations, net of tax – 1,030.0 –
Net income $ 1,634.5 $ 2,245.1 $ 933.8
Earnings per common share:
Basic:
Income from continuing operations $ 2.82 $ 2.01 $ 1.53
Discontinued operations, net of tax 1.70
Net income $ 2.82 $ 3.71 $ 1.53
Diluted:
Income from continuing operations $ 2.70 $ 1.94 $ 1.48
Discontinued operations, net of tax 1.64
Net income $ 2.70 $ 3.58 $ 1.48
The foregoing financial information should be read in conjunction with the financial statements and related notes as presented in Aetna Inc.’s
2005 Annual Report, Financial Report to Shareholders.
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