expense 1,686.3 1,830.1 (7.9%)
Total selling, general and
administrative expense 2,119.7 2,254.3 (6.0%)
Cost of drugs 96.7 100.7 (4.0%)
Interest expense 125.3 100.0 25.3%
Amortization of other intangible
assets 75.2 74.3 1.2%
Total expenses 14,238.6 13,296.0 7.1%
Income before income tax expense 1,322.8 1,283.8 3.0%
Income tax expense 463.7 482.7 (3.9%)
Net income $859.1 $801.1 7.2%
Net income per diluted share $1.51 $1.28 18.0%
Diluted shares 570.6 627.0 (9.0%)
Benefit expense as a percentage of
premiums 82.9% 81.0% 190 bp
Selling, general and administrative
expense as a percentage of total
operating revenue 13.8% 15.7% (190) bp
Income before income tax expense as a
percentage of total revenues 8.5% 8.8% (30) bp
WellPoint, Inc.
Consolidated Statements of Income
(In millions, except per share data)
Year Ended
December 31
2007 2006 Change
(Unaudited)
Revenues
Premiums $55,865.0 $51,971.9 7.5%
Administrative fees 3,674.6 3,595.4 2.2%
Other revenue
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