Aetna reported similar net income in the second quarter of fiscal year 2018 compared to the same period a year prior, boosted by the sale of its domestic group life and disability insurance, and absence management businesses.
The health insurer ended the quarter with net income of $1.2 billion, nearly the same net income reported in the second quarter of 2017. Aetna saw revenues climb less than 1 percent to $15.6 billion, compared to $15.5 billion posted in the same period a year prior.
"Disciplined pricing and moderate medical cost trend contributed to our strong second quarter results," said Shawn M. Guertin, Aetna executive vice president and CFO. Expenses were also kept in check at $13.9 billion in the second quarter of 2018, up slightly from $13.7 billion last year. "Steady business fundamentals, focused execution and healthy cash flow position the company for continued solid performance in the second half of 2018," he said.