As of December 31, (in millions except share and per share data) 1997 1996 ASSETS Current Assets Cash and Cash Equivilents $750 $1.037 Short-Term Investments 506 611 Accounts Receivable, net of allowances of $45 and $46 768 606 Assets Under Management 28 155 Other Current Assets 141 331 Total Current Assets 2,193 2,740 Long Term Investments 2,785 1,805 Propertey and Equipment, net of accumulated depreciation of $350 and $275 364 313 Goodwill and Other Intangible Assets, net of accumulated amortization of $205 and $136 2,281 2,139 Total Assets $7,623 $6,997 LIABILITIES AND SHAREHOLDER'S EQUITY Current Liabilities Medical Costs Payable $1,565 $1,516 Other Policy Liabilities 235 334 Accounts Payable and Accrued Liabilities 495 565 Unearned Premiums 275 228 Total Current Liabilities 2,570 2,643 Long-Term Obligations 19 31 Convertible Preferred Stock 500 500 Commitments and Contingencies (Note 10) Shareholder's Equity Common Stock, $01 par value -500,000 shares authorized; 191,111,000 and 184,865,000 issued and outstanding 2 2 Additional Paid-in Capital 1,398 1,148 Retained Earnings 3,105 2,680 Net Unrealized Holding Gains (Losses) on Investments Available for Sale, net of income tax effects 29 (7) Total Shareholders' Equity 4,534 3,823 Total Liabilites and Shareholders' Equity $7,623 $6,997 See notes to consolidated financial statements