Health insurers released their second-quarter earnings from mid-July through early August, with all but Elevance Health posting year-over-year profit gains.
Earnings for the major payers coincided with the release of the Fortune Global 500. UnitedHealth Group moved up to become the fourth-largest company in the world. The second-quarter profit ranking aligned with the companies’ order on the overall Fortune Global 500 list, which looks at annual revenue.
Here is how the country’s largest health insurers fared:
Profit: $5.484 billion
Margin: 4.9%
2. CVS Health
Profit: $2.979 billion
Margin: 2.8%
3. Cigna
Profit: $1.66 billion
Margin: 2.3%
Profit: $1.463 billion
Margin: 2.9%
5. Centene
Profit: $1.091 billion
Margin: 2%
6. Humana
Profit: $694 million
Margin: 1.7%
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