Insurance

Thursday, January 31, 2013

American Aetna has cut its quarterly profit doubled

Third-largest area of ​​health insurance in the U.S


American Aetna Inc., Third-largest area of ​​health insurance in the U.S., reduced net income in the fourth quarter of 2012 by 49%, or almost 2-fold - to $ 190.1 million, or $ 0.56 per diluted share, compared to $ 372.6 million, or $ 1.02 per share, for the same period in 2011, according to a company press release.



Excluding one-time factors, profit insurer was $ 0.94 per share, which corresponds to the average forecast of analysts surveyed by Bloomberg.

The company's revenue increased by 5% compared to the fourth quarter of 2011 - to $ 8.96 billion Economists were expecting revenue of $ 8.98 billion

At the end of 2012 Aetna net profit fell 17% - to $ 1.66 billion, or $ 4.81 per share. Annual revenue rose by 6% - to $ 35.5 billion

Aetna confirmed forecast that adjusted earnings in 2013 of $ 5.4 per share. Market forecast includes $ 5.54 per share.

The share of insurance premiums used to pay for medical costs customers in the fourth quarter increased to 84.1% from 80.7% a year earlier. The 2012 figure rose to 82.2% from 79.6%.

The number of clients insured by health insurance programs as of December 31 was 18.2 million, as a year earlier.

 
Source - IFX-News

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