Total revenues in the first quarter of the 2013 fiscal year were $9.54 billion, compared with $8.92 in the same time period last year, a 7 percent increase. Total benefits and expenses also grew year over year, up 8 percent to $8.79 billion in first quarter FY 2013. That contributed to a drop in net income relative to last first quarter, with $490.1 million pocketed this year and $511.0 million taken in last year.
In the fourth quarter of 2012, Aetna’s earnings were 49 percent weaker than fourth quarter 2011, although year-end results had slightly improved. Aetna Chairman and CEO Mark Bertolini was paid a 26 percent higher compensation package last year than the previous year, totaling $13.2 million even after his bonus was docked 55 percent to about $893,000 for failing to meet a stock performance target.
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