Aetna Inc.

Stock Symbol: AET

151 Farmington Ave RC4A
Hartford, CT 06156
860-273-4970 (phone)
860-275-2677 (fax)

Website: Aetna

Industry: Insurance (Accident & Health)

Index Membership: S&P 500; S&P 1500 Super Comp

Aetna Inc. Description:
Aetna Inc. (Aetna) is a diversified healthcare benefits company. It offers a range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life, long-term care and disability plans and medical management capabilities. Aetna's operations include three business segments: Health Care, Group Insurance and Large Case Pensions. Health Care consists of medical, pharmacy benefits management, dental and vision plans offered on both a risk basis and an employer-funded basis. Medical plans include point-of-service (POS), health maintenance organization (HMO), preferred provider organization (PPO) and indemnity benefit (Indemnity) plans. Group Insurance products include life, disability and long-term care insurance. Large Case Pensions manages a range of retirement products, including pension and annuity products for tax qualified pension plans. In October 2007, Aetna acquired Goodhealth Worldwide. Aetna employs approximately 30,000 staff.


Aetna Inc. Financial Summary:
From Aetna website: Revenues increased 11 percent to $7.0 billion for the third quarter of 2007, compared with $6.3 billion for the third quarter of 2006. The growth in third-quarter revenue reflects a higher level of membership, premium and fee rate increases and revenue from the recent acquisition of Schaller Anderson that resulted in an increase of 12 percent in premiums and 9 percent in fees and other revenue. Operating expenses were $1.3 billion for the third quarter of 2007, $114 million higher than the third quarter of 2006. Third-quarter operating earnings were $0.97 per share, a 15 percent increase over the prior-year quarter, above the Thomson/First Call mean of $0.92 per share Third-quarter net income was $0.95 per share, a 12 percent increase over the prior-year quarter Third-quarter Commercial Medical Benefit Ratio was 78.6 percent
 
Third-quarter medical membership grew organically by 228,000; Overall medical membership was 16.613 million with the inclusion of Schaller Anderson's 618,000 members Guidance for full-year 2007 operating earnings increased to $3.48 from prior guidance of $3.40 to $3.42 per share; Fourth-quarter operating earnings per share expected to be $0.87 Preliminary guidance for 2008 operating earnings per share projected to be $4.00, a 15 percent increase over full-year 2007 guidance.


Aetna Inc. Business Summary:
Aetna Inc. is a provider of health insurance and related benefits to various customers primarily in the United States. During the year ended December 31, 2004, the Company's operations included three business segments: Healthcare, Group Insurance and Large Case Pensions. Products offered by the Healthcare segment primarily consist of medical and dental benefit products that include health maintenance organization, point-of-service, preferred provider organization (PPO) and indemnity benefit products. The Group Insurance segment provides life, disability and long-term care insurance. The Large Case Pensions segment manages a variety of retirement products, including pension and annuity products, primarily for defined benefit and defined contribution plans.