32
Consolidated Statements of Income
For the years ended December 31,
(In millions, except for per share data) 2001 2000 1999
Revenues
Earned premiums $ 9,409 $ 8,941 $ 8,342
Fee income 2,633 2,484 2,105
Net investment income 2,850 2,674 2,627
Other revenue 491 459 420
Net realized capital gains (losses) (236) 145 34
Total revenues 15,147 14,703 13,528
Benefits, claims and expenses
Beneﬁts, claims and claim adjustment expenses 9,764 8,419 7,902
Amortization of deferred policy acquisition costs and 
present value of future proﬁts 2,214 2,213 2,011
Insurance operating costs and expenses 2,037 1,958 1,779
Goodwill amortization 60 28 10
Other expenses 718 667 591
Total beneﬁts, claims and expenses 14,793 13,285 12,293
Income before income taxes, minority interest, extra-
ordinary item and cumulative effect of accounting changes 354 1,418 1,235
Income tax expense (beneﬁt) (195) 390 287
Income before minority interest, extraordinary item and 
cumulative effect of accounting changes 549 1,028 948
Minority interest in consolidated subsidiary  — (54) (86)
Extraordinary loss from early retirement of debt, net of tax (8) — —
Cumulative effect of accounting changes, net of tax (34) — —
Net income $ 507 $ 974 $ 862
Basic earnings per share
Income before extraordinary item and cumulative effect 
of accounting changes $ 2.31 $ 4.42 $ 3.83
Extraordinary loss from early retirement of debt, net of tax (0.04) — —
Cumulative effect of accounting changes, net of tax (0.14) ——
Net income $ 2.13 $ 4.42 $ 3.83
Diluted earnings per share
Income before extraordinary item and cumulative effect 
of accounting changes $ 2.27 $ 4.34 $ 3.79
Extraordinary loss from early retirement of debt, net of tax (0.03) — —
Cumulative effect of accounting changes, net of tax (0.14) — —
Net income $ 2.10 $ 4.34 $ 3.79
Weighted average common shares outstanding  237.7 220.6 224.9
Weighted average common shares outstanding and 
dilutive potential common shares 241.4 224.4 227.5
Cash dividends declared per share $ 1.01 $ 0.97 $ 0.92
For additional information, see the Company’s Annual Report on Form 10-K.