Aetna 2014 Annual Report Download - page 139
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Annual Report- Page 133
Summarized financial information of our segment operations for 2014, 2013 and 2012 were as follows:
(Millions) Health
Care Group
Insurance Large Case
Pensions (2) Corporate
Financing Total
Company
2014
Revenue from external customers $ 54,676.6 $ 2,214.2 $ 86.1 $ — $ 56,976.9
Net investment income 367.6 261.2 317.1 — 945.9
Interest expense — — — 329.3 329.3
Depreciation and amortization expense 627.8 1.2 — — 629.0
Income taxes (benefits) 1,587.2 57.4 .7 (190.6) 1,454.7
Operating earnings (loss) (1) 2,376.5 171.0 20.7 (163.6) 2,404.6
Segment assets 36,614.7 5,510.8 11,276.6 — 53,402.1
2013
Revenue from external customers $ 44,085.2 $ 2,053.3 $ 248.6 $ — $ 46,387.1
Net investment income 309.3 286.6 320.4 — 916.3
Interest expense — — — 333.7 333.7
Depreciation and amortization expense 564.7 4.4 — — 569.1
Income taxes (benefits) 1,078.4 32.3 21.8 (103.9) 1,028.6
Operating earnings (loss) (1) 2,267.4 130.9 21.2 (178.4) 2,241.1
Segment assets 33,212.9 5,520.3 11,031.6 — 49,764.8
2012
Revenue from external customers $ 32,608.9 $ 1,842.0 $ 1,118.0 $ — $ 35,568.9
Net investment income 310.4 282.8 329.0 — 922.2
Interest expense — — — 268.8 268.8
Depreciation and amortization expense 445.5 4.4 — — 449.9
Income taxes (benefits) 950.5 62.3 (2.4) (122.9) 887.5
Operating earnings (loss) (1) 1,841.5 164.4 17.8 (161.8) 1,861.9
Segment assets 24,138.9 5,697.5 11,551.1 — 41,387.5
(1) Operating earnings (loss) excludes net realized capital gains or losses, amortization of other acquired intangible assets and the other
items described in the reconciliation on page 134.
(2) In 2013 and 2012, pursuant to contractual rights exercised by the contract holders, certain existing group annuity contracts converted
from participating to non-participating contracts. Upon conversion, we recorded $99.0 million and $941.4 million of non-cash group
annuity conversion premium for these contracts and a corresponding $99.0 million and $941.4 million non-cash benefit expense on
group annuity conversion for these contracts during 2013 and 2012, respectively.