Anthem Blue Cross 2000 Annual Report Download - page 27

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25
Anthem Insurance Companies, Inc.
Notes to Consolidated Financial Statements (continued)
15. Segment Information (continued)
Reportable Segments
Midwest East West Specialty Other Total
1998
Premiums $ 3,533.3 $ 1,088.3 $ – $ 90.3 $ 27.6 $ 4,739.5
Administrative fees 234.8 91.4 –21.1 228.3 575.6
Other revenues 3.0 11.2 –130.2 (69.8) 74.6
Operating revenue (1) 3,771.1 1,190.9 –241.6 186.1 5,389.7
Benefit expense 2,922.9 901.9 –76.1 33.3 3,934.2
Administrative expense (2) 797.7 294.6 –142.3 185.5 1,420.1
Operating expense 3,720.6 1,196.5 –218.4 218.8 5,354.3
Operating gain (loss) $ 50.5 $ (5.6) $ – $ 23.2 $ (32.7) $ 35.4
(1) Includes intersegment
revenues $ 9.4 $ –$ – $ 104.3 $ (113.7) $ –
(2) Includes depreciation
and amortization 16.2 9.3 –1.1 17.1 43.7
Asset and equity details by reportable segment have not been disclosed, as they are not reported internally by the
Company.
A reconciliation of reportable segment operating revenues to the amounts of total revenues included in the
consolidated statements of income for 2000, 1999 and 1998 is as follows:
2000 1999 1998
Reportable segments operating revenues $ 8,543.5 $ 6,080.6 $ 5,389.7
Net investment income 201.6 152.0 136.8
Net realized gains on investments 25.9 37.5 155.9
Total revenues $ 8,771.0 $ 6,270.1 $ 5,682.4
A reconciliation of reportable segment operating gain to income from continuing operations before income taxes
and minority interest included in the consolidated statements of income for 2000, 1999 and 1998 is as follows:
2000 1999 1998
Reportable segments operating gain $ 184.1 $ 28.5 $ 35.4
Net investment income 201.6 152.0 136.8
Net realized gains on investments 25.9 37.5 155.9
Interest expense (54.7) (30.4) (27.9)
Amortization of goodwill and other intangible assets (27.1) (12.7) (12.0)
Endowment of non-profit foundations -(114.1) -
Income from continuing operations before income taxes
and minority interest $ 329.8 $ 60.8 $ 288.2