Anthem Blue Cross 2005 Annual Report Download - page 28

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financial highlights
The information presented below is as reported in WellPoint, Inc.’s 2005 Annual Report on Form 10-K. On December 28, 2005, WellPoint
acquired WellChoice, Inc. The acquisition was deemed effective December 31, 2005 for accounting purposes; accordingly, 2005 operating
results and earnings per share do not include WellChoice. However, balance sheet information and medical membership as of December 31,
2005 include WellChoice. On November 30, 2004, Anthem, Inc. acquired WellPoint Health Networks Inc., and Anthem, Inc. changed its name
to WellPoint, Inc. Accordingly, 2004 financial results include operations of the former Anthem, Inc. for the full year, and also include
operations of the former WellPoint Health Networks Inc. for the one month ended December 31, 2004. Financial highlights for 2003
include only operations of the former Anthem, Inc.
Years Ended December 31,
(dollars in millions, except per share data)2005 2004 2003
Operating results
Total operating revenue $44,513.1 $20,460.9 $16,487.1
Total revenue 45,136.0 20,815.1 16,781.4
Net income 2,463.8 960.1 774.3
Earnings per share
Basic net income $4.03 $ 3.15 $ 2.80
Diluted net income 3.94 3.05 2.73
Balance sheet information
Total assets $51,405.2 $39,738.4 $13,414.6
Total liabilities 26,412.1 20,279.4 7,414.7
Total shareholders’ equity 24,993.1 19,459.0 5,999.9
Medical membership (000s)
East 13,800 8,508 5,300
Central 10,970 10,565 5,688
West 9,086 8,655 939
Total medical membership 33,856 27,728 11,927
Note 1: The information presented above should be read in conjunction with the audited consolidated financial statements and
accompanying notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations included
in WellPoint, Inc.’s 2005 Annual Report on Form 10-K.
Note 2: Certain prior year amounts have been reclassified to conform to current year presentation.
Total revenue
(in billions)
Total medical membership
(in millions)
Selling, general and
administrative expense ratio
WellPoint, Inc. 2005 Summary Annual Report
26