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Aetna Reports Fourth-Quarter and Full-Year 2010 Results
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(PDF: 65 KB / 17 pages)2010 operating earnings(1) of $255.0 million, or $.63 per share, a per share increase of 58 percent over 2009. Full-year 2010 operating earnings were $1.6 billion, or $3.68 per share, a per share increase of 34 percent over 2009. The increase in both the fourth quarter and full-year 2010 operating earnings were largely the result of higher Commercial underwriting margins driven by management actions to appropriately price the business, and lower utilization, as well as a reduced number of shares outstanding, partially offset by lower Commercial Insured membership. Full-year 2010 operating earnings also reflect favorable prior-period reserve development. Net income for the fourth quarter was $215.6 million, or $.53 per share, including $.10 per share of net realized capital gains and other items. Full-year net income was $1.8 billion, or $4.18 per share, a per share increase of 47 percent over 2009.  improvement we have made by remaining disciplined while focusing on customer needs," said Ronald A. Williams, chairman. "As it becomes even more imperative to address quality and affordability in health care, Aetna will play an increasingly important role. I am confident that we are well-positioned with the right management team and long-term strategy to capitalize on the domestic and global opportunities in health care." by offering innovative products and services that improve quality and help manage costs through integrated benefit designs and member engagement," said Mark T. Bertolini, CEO and president. "Even as we continue to navigate through a difficult economy, we are squarely focused on making investments in our business that can help meet the needs of current and future customers." |
(from an updown.com video report link) Health insurer Aetna (AET) posted fourth quarter earnings of $215.6 million, or $0.53 per share today, compared to $165.9 million, or $0.38 per share, in the same quarter last year. Operating earnings of $0.63 per share were just ahead of analyst expectations. Revenue dipped 2%, to $8.5 billion. Aetnas earnings expectations of $3.70 to $3.80 per share for 2011 are well ahead of analyst forecasts. The company also said it is moving to a quarterly dividend program, and its first quarterly dividend will be $0.15 per share, paid in April. Its latest annual dividend of $0.04 per share was paid in November. Also today, pharmaceutical services company AmerisouceBergen (ABC) posted fiscal first quarter earnings of $160.5 million, or $0.57 per share, compared to $151.3 million, or $0.52 per share, in the same quarter last year. Revenue grew by about 3%, to $19.89 billion. Results were just ahead of analyst expectations. AmerisourceBergen said it expects to earn $2.31 to $2.41 per share in 2011, while analysts are looking for about $2.38 per share. For MarketNewsVideo.com, Im Sayoko Murase.
