Close Close
ThinkAdvisor

Life Health > Health Insurance

Aetna Reports Big Increase In Profits

by Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Feb. 13, 2004, 6:04 p.m. EST – Past restructuring efforts continued to pay off for Aetna Inc., Hartford, in the fourth quarter of 2003.[@@]

The managed care company is reporting $249.5 million in net income for the latest quarter on $4.6 billion in revenue, compared with $98.2 million in net income on $4.7 billion in revenue for the fourth quarter of 2002.

More on this topic

The company ended the latest quarter providing or administering health coverage for 13 million people, down from 13.7 million people a year earlier. But health claims costs and other health unit operating expenses also dropped, Aetna says.