Humana 2008 Annual Report Download - page 129

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
NOTES TO CONDENSED FINANCIAL STATEMENTS—(Continued)
Although minimum required levels of equity are largely based on premium volume, product mix, and the
quality of assets held, minimum requirements can vary significantly at the state level. Based on the statutory
financial statements as of December 31, 2008, we maintained aggregate statutory capital and surplus of
$3.5 billion in our state regulated subsidiaries, $1.4 billion above the aggregate $2.1 billion in applicable
statutory requirements which would trigger any regulatory action by the respective states.
4. ACQUISITIONS
During 2008, we funded a subsidiary’s 2008 acquisition of UnitedHealth Group’s Las Vegas, Nevada
individual SecureHorizons Medicare Advantage HMO business with contributions from Humana Inc., our parent
company, of $225.0 million, included in capital contributions in the condensed statement of cash flows. Refer to
Note 3 of the notes to consolidated financial statements in the Annual Report on Form 10-K for a description of
acquisitions.
5. INCOME TAXES
Refer to Note 10 of the notes to consolidated financial statements in the Annual Report on Form 10-K for a
description of income taxes.
6. DEBT
Refer to Note 11 of the notes to consolidated financial statements in the Annual Report on Form 10-K for a
description of debt.
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