Wellpoint 2012 Online Annual Report: Consolidated Statements of Income

The information presented below is as reported in WellPoint’s 2012 Annual Report on Form 10-K.

WellPoint, Inc.

Consolidated Statements of Income

	Years Ended December 31
(In millions, except per share data)	2012	2011	2010
Revenues
Premiums	$56,496.7	$55,969.6	$53,973.6
Administrative fees	3,934.1	3,854.6	3,730.4
Other revenue	297.7	41.0	36.5
Total operating revenue	60,728.5	59,865.2	57,740.5
Net investment income	686.1	703.7	803.3
Net realized gains on investments	334.9	235.1	194.1
Other-than-temporary impairment losses on investments:
...... Total other-than-temporary impairment losses on investments	(41.2)	(114.7)	(70.8)
...... Portion of other-than-temporary impairment losses recognized in
......... other comprehensive income	3.4	21.4	31.4
...... Other-than-temporary impairment losses recognized in income	(37.8)	(93.3)	(39.4)
Total revenues	61,711.7	60,710.7	58,698.5
Expenses
Benefit expense	48,213.6	47,647.5	44,930.4
Selling, general and administrative expense:
...... Selling expense	1,586.9	1,616.8	1,610.3
...... General and administrative expense	7,151.4	6,818.8	7,122.3
Total selling, general and administrative expense	8,738.3	8,435.6	8,732.6
Cost of products	137.4	—	—
Interest expense	511.8	430.3	418.9
Amortization of other intangible assets	245.1	239.4	241.7
Impairment of other intangible assets	—	—	21.1
Total expenses	57,846.2	56,752.8	54,344.7
Income before income tax expense	3,865.5	3,957.9	4,353.8
Income tax expense	1,210.0	1,311.2	1,466.7
Net income	$2,655.5	$2,646.7	$2,887.1
Net income per share
Basic	$8.26	$7.35	$7.03
Diluted	$8.18	$7.25	$6.94
Dividends per share	$1.15	$1.00	—

The information presented above should be read in conjunction with the audited financial statements and accompanying notes included in WellPoint's 2012 Annual Report on Form 10-K.