How Aetna, Anthem, Cigna, Humana and UnitedHealth performed in Q2

The health insurance industry's five largest payers reported solid earnings for the three months ended June 30 in fiscal year 2017.

1. Hartford, Conn.-based Aetna reported net income of $1.2 billion in the second quarter of this year, compared to $791 million in the same period last year. Although Aetna's profits rose, the payer saw second quarter revenues decrease year-over-year to $15.5 billion from $16 billion last year. Aetna reported operating expenses of $2.6 billion in the second quarter, down from $2.9 billion in the same period last year. 

2. Anthem recorded net income of $855.3 million in the second quarter of 2017, up from $780.6 million in the same period last year. The Indianapolis-based payer saw its revenues increase to $22.2 billion in the second quarter from $21.3 billion in the same quarter a year prior. At the same time, Anthem saw expenses rise year-over-year to $21.2 billion, up from $20 billion.

3. Bloomfield, Conn.-based Cigna reported net income of $813 million in the second quarter this year, up from $510 million in the same period last year. The payer saw second quarter revenues of $10.3 billion this year compared to $10 billion in the same period of 2016. Second-quarter expenses totaled $9.2 billion for Cigna, up slightly from $9.15 billion recorded in the same period last year.

4. Humana's net income totaled $650 million in the second quarter of this year, compared to $311 million in the same period of 2016. The Louisville, Ky.-based insurer's second-quarter revenue declined to $13.5 billion, down from $14 billion in the same period a year prior. However, Humana's operating expenses also fell in the second quarter to $12.4 billion, a decrease from $13.3 billion in the same period last year.

5. Minnetonka, Minn.-based UnitedHealth Group recorded $2.3 billion in net earnings in the second quarter of this year, compared to $1.8 billion in the same period a year prior. UnitedHealth saw revenue of $50.1 billion in the second quarter, up 7.7 percent year-over-year. The payer's operating costs also increased from $43.3 billion in the second quarter of 2016 to $46.3 billion in the same period this year. 

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