Aetna 2009 Annual Report Download - page 50

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Consolidated Statements of Income
(Millions, except per common share data) 2009 2008 2007
Revenue:
Health care premiums 28,243.8$ 25,507.3$ 21,500.1$
Other premiums 1,892.4 1,876.8 1,979.3
Fees and other revenue
(1)
3,536.5 3,312.5 3,044.0
Net investment income 1,036.4 910.0 1,149.9
Net realized capital gains (losses) 55.0 (655.9) (73.7)
Total revenue 34,764.1 30,950.7 27,599.6
Benefits and expenses:
Health care costs
(2)
24,061.2 20,785.5 17,294.8
Current and future benefits 2,078.1 1,938.7 2,248.1
Operating expenses:
Selling expenses 1,251.9 1,149.6 1,060.9
General and administrative expenses 5,131.1 4,601.9 3,985.5
Total operating expenses 6,383.0 5,751.5 5,046.4
Interest expense 243.4 236.4 180.6
Amortization of other acquired intangible assets 97.2 108.2 97.6
Reduction of reserve for anticipated future losses on discontinued products - (43.8) (64.3)
Total benefits and expenses 32,862.9 28,776.5 24,803.2
Income before income taxes 1,901.2 2,174.2 2,796.4
Income taxes 624.7 790.1 965.4
Net income 1,276.5$ 1,384.1$ 1,831.0$
Earnings per common share:
Basic 2.89$ 2.91$ 3.60$
Diluted 2.84$ 2.83$ 3.47$
For the Years Ended December 31,
(1) Fees and other revenue include administrative services contract member co-payments and plan sponsor reimbursements related to our
mail order and specialty pharmacy operations of $81 million, $60 million and $52 million (net of pharmaceutical and processing costs of
$1.6 billion, $1.6 billion and $1.4 billion) for 2009, 2008 and 2007, respectively.
(2) Health care costs have been reduced by fully insured member co-payments revenue related to our mail order and specialty pharmacy
operations of $122 million, $111 million and $102 million for 2009, 2008 and 2007, respectively.
Refer to accompanying Notes to Consolidated Financial Statements.
Annual Report – Page 44