Anthem Blue Cross 2006 Annual Report Download - page 28

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WellPoint, Inc. 2006 Summary Annual Report
The information presented below is as reported in WellPoint’s 2006 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. merged with 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.
Years Ended December 31,
Dollars in millions, except per share data 2006 2005 2004
Operating Results
Total operating revenue $56,074.6 $43,918.4 $20,353.7
Total revenue 56,953.0 44,541.3 20,707.9
Net income 3,094.9 2,463.8 960.1
Earnings Per Share
Basic net income $ 4.93 $ 4.03 $ 3.15
Diluted net income 4.82 3.94 3.05
Balance Sheet Information
Total assets $51,759.8 $51,287.2 $39,663.3
Total liabilities 27,184.0 26,294.1 20,204.3
Total shareholders’ equity 24,575.8 24,993.1 19,459.0
Medical Membership (000s)
Total medical membership 34,101 33,856 27,728
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’s 2006 Annual Report on Form 10-K.
Note 2: Certain prior year amounts have been reclassified to conform to current
year presentation.
Financial Highlights
Total Revenue
In billions
Total Medical Membership
In millions
Selling, General and
Administrative Expense Ratio
$20.7
2004
$44.5
2005
$57.0
2006
27.7
2004
33.9
2005
34.1
2006
17.1%
2004
16.6%
2005
15.7%
2006