Humana 2008 Annual Report Download - page 95
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Humana Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Benefit expenses associated with military services and provisions associated with future policy benefits
excluded from the previous table were as follows for the years ended December 31, 2008, 2007 and 2006:
2008 2007 2006
(in thousands)
Military services ......................... $2,819,787 $2,481,814 $2,208,033
Future policy benefits ..................... 64,338 16,392 17,314
Total .............................. $2,884,125 $2,498,206 $2,225,347
10. INCOME TAXES
The provision for income taxes consisted of the following for the years ended December 31, 2008, 2007 and
2006:
2008 2007 2006
(in thousands)
Current provision:
Federal ................................. $336,870 $452,286 $192,878
States and Puerto Rico ..................... 30,829 36,066 11,722
Total current provision ................. 367,699 488,352 204,600
Deferred benefit .............................. (22,005) (32,736) 70,062
Provision for income taxes .............. $345,694 $455,616 $274,662
The provision for income taxes was different from the amount computed using the federal statutory rate for
the years ended December 31, 2008, 2007 and 2006 due to the following:
2008 2007 2006
(in thousands)
Income tax provision at federal statutory rate ....... $347,497 $451,255 $266,730
States, net of federal benefit and Puerto Rico ....... 12,412 23,377 18,301
Tax exempt investment income .................. (21,253) (20,254) (15,713)
Contingent tax reserves (benefits) ................ — — 1,570
Other, net ................................... 7,038 1,238 3,774
Provision for income taxes .................. $345,694 $455,616 $274,662
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