Anthem Blue Cross 2001 Annual Report Download - page 65

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A reconciliation of reportable segment operating revenues to the amounts of total revenues included in the
consolidated statements of income for 2001, 2000 and 1999 is as follows:
2001 2000 1999
Reportable segments operating revenues $10,120.3 $8,543.5 $6,080.6
Net investment income 238.6 201.6 152.0
Net realized gains on investments 60.8 25.9 37.5
Gain on sale of subsidiary operations 25.0 ––
Total revenues $10,444.7 $8,771.0 $6,270.1
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 2001, 2000 and 1999 is as follows:
2001 2000 1999
Reportable segments operating gain $319.5 $184.1 $ 28.5
Net investment income 238.6 201.6 152.0
Net realized gains on investments 60.8 25.9 37.5
Gain on sale of subsidiary operations 25.0 ––
Interest expense (60.2) (54.7) (30.4)
Amortization of goodwill and other intangible assets (31.5) (27.1) (12.7)
Endowment of non-profit foundations –– (114.1)
Demutualization expenses (27.6) ––
Income from continuing operations before income taxes
and minority interest $524.6 $329.8 $ 60.8
19. Statutory Information
Statutory-basis capital and surplus of Anthem Insurance amounted to $2,338.7 and $1,907.5 at December 31, 2001
and 2000, respectively. Statutory-basis net income of Anthem Insurance was $406.9, $91.7 and $201.7 for 2001, 2000
and 1999, respectively. Statutory-basis capital and surplus of Anthem Insurance is subject to regulatory restrictions
with respect to amounts available for dividends to Anthem.
In 1998, the National Association of Insurance Commissioners adopted codified statutory accounting principles
(“Codification”) which became effective January 1, 2001. Codification resulted in changes to certain accounting
practices that Anthem Insurance and its insurance subsidiaries use to prepare statutory-basis financial statements.
The impact of these changes was not significant.
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