Humana Inc.
QUARTERLY FINANCIAL INFORMATION
(Unaudited)
A summary of our quarterly unaudited results of operations for the years ended December 31, 2013 and 2012 follows:
2013 | ||||||||||||||||
First | Second | Third | Fourth (1) | |||||||||||||
(in millions, except per share results) | ||||||||||||||||
Total revenues |
$ | 10,486 | $ | 10,321 | $ | 10,319 | $ | 10,187 | ||||||||
Income (loss) before income taxes |
730 | 654 | 586 | (49 | ) | |||||||||||
Net income (loss) |
473 | 420 | 368 | (30 | ) | |||||||||||
Basic earnings (loss) per common share |
2.97 | 2.66 | 2.34 | (0.19 | ) | |||||||||||
Diluted earnings (loss) per common share |
2.95 | 2.63 | 2.31 | (0.19 | ) |
2012 | ||||||||||||||||
First | Second | Third | Fourth | |||||||||||||
(in millions, except per share results) | ||||||||||||||||
Total revenues |
$ | 10,219 | $ | 9,699 | $ | 9,651 | $ | 9,557 | ||||||||
Income before income taxes |
390 | 564 | 675 | 282 | ||||||||||||
Net income |
248 | 356 | 426 | 192 | ||||||||||||
Basic earnings per common share |
1.51 | 2.19 | 2.65 | 1.21 | ||||||||||||
Diluted earnings per common share |
1.49 | 2.16 | 2.62 | 1.19 |
(1) | The sum of quarterly amounts does not equal full year results due to the anti-dilutive impact of a loss in the fourth quarter. The fourth quarter includes an expense of $243 million ($154 million after tax, or $0.99 per diluted common share) for reserve strengthening associated with our closed block of long-term care insurance policies. |