Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

Highline: Health Profits Lag Behind Revenue

Your article was successfully shared with the contacts you provided.

U.S. health insurers found that revenue increased faster than net income in 2007.

Researchers at Highline Data, Cambridge, Mass., a unit of Summit Business Media L.L.C., New York, have reported that finding in an analysis of the data that 110 health industry groups and 354 non-affiliated insurers have reported to the National Association of Insurance Commissioners, Kansas City, Mo., and the California Department of Managed Health Care.

Revenue at the health insurers increased 8.7%, to about $405 billion, and net investment income increased 8.5%, to $6.3 billion.

The number of members rose 5.4%, to 212 million.

But net income increased only 3.1%, to $17 billion, or about $79 per member.

WellPoint Inc., Indianapolis, led the industry in terms of size. It had 18 million members in 2007 and $49 billion in revenue, and $3.3 billion in net income, the Highline Data researchers report.

The figures come from Highline Data’s Insurance Analyst PRO online insurance industry data retrieval and analysis system.

Highline Data is a sister company of National Underwriter Life & Health and of the NU Online News Service.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.