Anthem Blue Cross 2006 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2006 Anthem Blue Cross annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 36

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36

WellPoint, Inc. 2006 Summary Annual Report
Consolidated Statements of Income
Year ended December 31,
In millions, except per share data 2006 2005 2004
Revenues
Premiums $51,971.9 $40,680.0 $18,678.3
Administrative fees 3,509.6 2,719.2 1,457.0
Other revenue 593.1 519.2 218.4
Total operating revenue 56,074.6 43,918.4 20,353.7
Net investment income 878.7 633.1 311.7
Net realized (losses) gains on investments (0.3) (10.2) 42.5
Total revenues 56,953.0 44,541.3 20,707.9
Expenses
Benefit expense 42,218.8 32,625.2 15,280.6
Selling, general and administrative expense:
Selling expense 1,654.5 1,474.2 537.2
General and administrative expense 7,163.2 5,798.5 2,940.5
Total selling, general and administrative expense 8,817.7 7,272.7 3,477.7
Cost of drugs 301.2 288.0 95.0
Interest expense 403.5 226.2 142.3
Amortization of other intangible assets 297.4 238.9 61.4
Merger-related undertakings — — 61.5
Loss on repurchase of debt securities — — 146.1
Total expenses 52,038.6 40,651.0 19,264.6
Income before income tax expense 4,914.4 3,890.3 1,443.3
Income tax expense 1,819.5 1,426.5 483.2
Net income $ 3,094.9 $ 2,463.8 $ 960.1
Net income per share
Basic $ 4.93 $ 4.03 $ 3.15
Diluted $ 4.82 $ 3.94 $ 3.05
The information presented above should be read in conjunction with the audited consolidated financial statements and accompanying
notes included in WellPoint’s 2006 Annual Report on Form 10-K.