Aetna profit soars in Q1

Health insurer Aetna reported net income of $777.5 million for the first quarter of fiscal 2015, up from $665.5 million for the comparable period of 2014.

Aetna's operating revenue was up 8 percent in the first quarter of fiscal 2015, growing to $15.1 billion.  

The company's financial growth was partially attributable to an increase in medical membership, which totaled approximately 23.7 million as of March 31 — a sequential increase of 122,000 members.

Based on its quarter-one financials, Aetna projects its operating earnings per share for the full year 2015 will be in the range of $7.20 to $7.40, up from its original guidance of at least $7.00.

"We're very pleased with our operating results, which continue to be supported by strong revenue growth, cash flow and operating margins," said Shawn M. Guertin, executive vice president and CFO of Aetna.

More articles on Aetna:

Aetna, Value Care Alliance to launch new accountable care agreement in Connecticut
Aetna CEO predicts escalation in wage increases in 2015
Aetna, Emory Healthcare to partner on accountable care

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