Here are five other highlights from Aetna’s first quarter, which ended March 31.
1. Aetna reported $1.2 billion in first-quarter net income, compared to a net loss of $381 million in the same period last year.
The net loss during the first quarter of 2017 reflected costs attributable to the termination of the Humana merger agreement.
2. Adjusted first-quarter earnings were $1.1 billion, compared to $939 million for first-quarter 2017.
3. The company’s total revenue was $15.34 billion, a $170 million increase compared to the first quarter of 2017.
4. The health insurer’s overall medical benefit ratio decreased to 80.4 percent from 82.5 percent the previous year.
5. “Our core businesses performed well in the quarter, generating strong earnings per share growth and delivering significant value to our members, clients and shareholders,” said Chairman and CEO Mark Bertolini. “Our Medicare growth strategy remains on track as we grew to serve nearly 250,000 additional Medicare Advantage members in the first quarter.”
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