Humana 2009 Annual Report Download - page 100
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Humana Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Military services benefits payable of $279.2 million and $306.8 million at December 31, 2009 and 2008,
respectively, primarily consisted of our estimate of incurred healthcare services provided to beneficiaries which
are in turn reimbursed by the federal government, as more fully described in Note 2. This amount is generally
offset by a corresponding receivable due from the federal government.
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, 2009, 2008 and 2007:
2009 2008 2007
(in thousands)
Military services ......................... $3,019,655 $2,819,787 $2,481,814
Future policy benefits ..................... 73,130 64,338 16,392
Total .............................. $3,092,785 $2,884,125 $2,498,206
10. INCOME TAXES
The provision for income taxes consisted of the following for the years ended December 31, 2009, 2008 and
2007:
2009 2008 2007
(in thousands)
Current provision:
Federal ................................. $532,722 $336,870 $452,286
States and Puerto Rico ..................... 56,155 30,829 36,066
Total current provision ................. 588,877 367,699 488,352
Deferred benefit .............................. (26,792) (22,005) (32,736)
Provision for income taxes .............. $562,085 $345,694 $455,616
The provision for income taxes was different from the amount computed using the federal statutory rate for
the years ended December 31, 2009, 2008 and 2007 due to the following:
2009 2008 2007
(in thousands)
Income tax provision at federal statutory rate ....... $560,616 $347,497 $451,255
States, net of federal benefit and Puerto Rico ....... 28,968 12,412 23,377
Tax exempt investment income .................. (21,327) (21,253) (20,254)
Contingent tax benefits ......................... (16,781) — —
Other, net ................................... 10,609 7,038 1,238
Provision for income taxes .................. $562,085 $345,694 $455,616
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