Anthem Blue Cross 2010 Annual Report Download - page 31

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29
Years Ended December 31
(In millions, except per share data) 2010 2009 2008
Revenues
Premiums $ 53,973.6 $ 56,382.0 $ 57,101.0
Administrative fees 3,833.7 3,840.3 3,836.6
Other revenue 36.5 606.3 641.6
Total operating revenue 57,843.8 60,828.6 61,579.2
Net investment income 803.3 801.0 851.1
Gain on sale of business —3,792.3 —
Net realized gains on investments 194.1 56.4 28.7
Other-than-temporary impairment losses on investments:
Total other-than-temporary impairment losses on investments (70.8) (538.4) (1,207.9)
Portion of other-than-temporary impairment losses recognized in other comprehensive income 31.4 88.2 —
Other-than-temporary impairment losses recognized in income (39.4) (450.2) (1,207.9)
Total revenues 58,801.8 65,028.1 61,251.1
Expenses
Benefit expense 44,926.9 47,119.8 48,265.7
Selling, general and administrative expense:
Selling expense 1,610.3 1,685.5 1,778.4
General and administrative expense 7,229.1 7,424.9 6,718.8
Total selling, general and administrative expense 8,839.4 9,110.4 8,497.2
Cost of drugs —419.0 468.5
Interest expense 418.9 447.4 469.8
Amortization of other intangible assets 241.7 266.0 286.1
Impairment of goodwill and other intangible assets 21.1 262.5 141.4
Total expenses 54,448.0 57,625.1 58,128.7
Income before income tax expense 4,353.8 7,403.0 3,122.4
Income tax expense 1,466.7 2,657.1 631.7
Net income $ 2,887.1 $ 4,745.9 $ 2,490.7
Net income per share
Basic $ 7.03 $ 9.96 $ 4.79
Diluted $ 6.94 $ 9.88 $ 4.76
The information presented above should be read in conjunction with the audited financial statements and accompanying notes included in WellPoint’s 2010 Annual Report on Form 10-K.
Consolidated Statements of Income