Anthem Blue Cross 2001 Annual Report Download - page 45

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43
Anthem, Inc.
Consolidated Statements of Shareholders’ Equity
Accumulated
Common Stock Additional Other Total
Number of Par Paid in Retained Comprehensive Shareholders’
(In Millions, Except Share Data) Shares Value Capital Earnings Income Equity1
Balance at December 31, 1998 – $ – $ – $1,577.7 $124.8 $1,702.5
Net income – – – 44.9 – 44.9
Change in net unrealized gains
(losses) on investments – – – – (88.5) (88.5)
Change in additional minimum
pension liability – – – – 2.0 2.0
Comprehensive loss (41.6)
Balance at December 31, 1999 – – – 1,622.6 38.3 1,660.9
Net income – – – 226.0 – 226.0
Change in net unrealized gains on
investments – – – – 36.8 36.8
Change in additional minimum
pension liability – – – – (3.9) (3.9)
Comprehensive income 258.9
Balance at December 31, 2000 – – – 1,848.6 71.2 1,919.8
Net income before the date of
demutualization and initial public
offering – – – 286.5 –286.5
Net income after the date of
demutualization and initial public
offering – – – 55.7 –55.7
Change in net unrealized gains
(losses) on investments – – – – (29.3) (29.3)
Change in additional minimum
pension liability – – – – 0.5 0.5
Comprehensive income 313.4
Initial public offering of common
stock 55,200,000 0.6 1,889.8 ––1,890.4
Common stock issued in the
demutualization 48,095,675 0.5 71.0 (71.5) ––
Cash payments to eligible statutory
members in lieu of stock – – – (2,063.6) –(2,063.6)
Balance at December 31, 2001 103,295,675 $1.1 $1,960.8 $ 55.7 $ 42.4 $2,060.0
1Prior year amounts represent “Policyholders’ surplus” prior to demutualization.
See accompanying notes.