Humana 2011 Annual Report Download - page 151

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
For the year ended December 31,
2011 2010 2009
(in millions)
Revenues:
Management fees charged to operating subsidiaries .................... $1,272 $1,175 $1,057
Investment and other income, net ................................... 8 14 4
1,280 1,189 1,061
Expenses:
Operating costs ................................................. 1,270 956 836
Depreciation ................................................... 164 166 162
Interest ....................................................... 107 103 104
1,541 1,225 1,102
Loss before income taxes and equity in net earnings of subsidiaries ............ (261) (36) (41)
(Benefit) provision for income taxes .................................... (81) 35 (44)
(Loss) income before equity in net earnings of subsidiaries .................. (180) (71) 3
Equity in net earnings of subsidiaries .................................... 1,599 1,170 1,037
Net income ........................................................ $1,419 $1,099 $1,040
Other comprehensive income, net of tax:
Net unrealized investment gains, net of tax expense of $109 million in 2011,
$47 million in 2010, and $131 million in 2009 ...................... $ 190 $ 82 $ 230
Less: Reclassification adjustment for net realized gains included in net
income, net of tax expense of $4 million in 2011, $2 million in 2010, and
$7 million in 2009 ............................................. (7) (4) (13)
Other comprehensive income, net of tax ................................. 183 78 217
Comprehensive income ............................................... $1,602 $1,177 $1,257
See accompanying notes to the parent company financial statements.
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