Aetna’s 3Q Profit, Revenue Slip 1% From 2010

Health insurer Aetna reported net revenue of $8.4 billion and net income of $490.4 million in the third quarter of its 2011 fiscal year, and those figures were each down 1 percent from the same quarter in 2010, according to an Aetna news release.

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In the third quarter of 2010, Aetna’s net revenue was $8.5 billion while its net income was $497.6 million.

From the nine months ended Sept. 30, 2011, Aetna’s total revenue was $25.2 billion, down from $25.7 billion in the same nine-month period last year. Aetna’s net income for the first nine months of 2011 was $1.61 billion, up nearly 4 percent from the $1.55 billion in net income recorded for the first nine months of 2010.

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