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Financials: Performance

Consolidated Balance Sheets (in millions) December 31, 2018 December 31, 2017*
Assets    
Cash and cash equivalents $886 $2,354
Investments 7,023 5,583
Accounts receivable 2,669 2,593
Property and equipment, net 1,985 1,820
Goodwill and other intangible assets, net 516 500
Other assets 1,395 1,263
Total assets $14,474 $14,113
Liabilities and Net Assets    
Claims outstanding $2,580 $2,572
Unearned premium revenue 218 214
Amounts held for others 595 654
Benefit plan liabilities 605 741
Debt 1,629 1,680
Other liabilities 2,195 1,787
Total liabilities 7,822 7,648
Total net assets 6,652 6,465
Total liabilities and net assets $14,474 $14,113

*Certain 2017 amounts have been reclassified to conform to the 2018 presentation.

Consolidated Statements of Operations (unaudited, in millions) Year Ended December 31,
2018 2017**
Operating revenue $18,776 $18,261
Operating Results:    
Health Plan    
Commercial Business $203 $317
Government Business 307 433
Diversified Businesses 159 103
Allegheny Health Network 39 29
HM Health Solutions - 2
Corporate & Other (182) (268)
Operating gain 526 616
Net investment income 206 239
Interest expense (67) (69)
Net gain on investments - 331
Excess of revenue over expenses before income taxes 665 1,117
Income tax provision 96 52
Excess of revenue over expenses 569 1,065
Minority Interest (1) 2
Excess of revenue over expenses attributable to parent $570 $1,063

**Certain 2017 amounts have been reclassified to conform to the 2018 presentation.

Read our financial overview.

 



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