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.