Anthem Blue Cross 2000 Annual Report Download - page 5

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3
Anthem Insurance Companies, Inc.
Consolidated Statements of Income
Year ended December 31 (In Millions) 2000 1999 1998
Revenues
Premiums $ 7,737.3 $ 5,418.5 $ 4,739.5
Administrative fees 755.6 611.1 575.6
Other revenue 50.6 51.0 74.6
Total operating revenue 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
8,771.0 6,270.1 5,682.4
Expenses
Benefit expense 6,551.0 4,582.7 3,934.2
Administrative expense 1,808.4 1,469.4 1,420.1
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 -
8,441.2 6,209.3 5,394.2
Income from continuing operations before
income taxes and minority interest 329.8 60.8 288.2
Income taxes 102.2 10.2 110.9
Minority interest (credit) 1.6 (0.3) (1.1)
Income from continuing operations 226.0 50.9 178.4
Discontinued operations, net of income taxes
Loss from discontinued operations prior to disposal ––(3.9)
Loss on disposal of discontinued operations –(6.0) (2.1)
Net income $ 226.0 $ 44.9 $ 172.4
See accompanying notes.