Hartford, Conn.-based Aetna saw net income soar in the second quarter to $731.8 million, a 33 percent increase from the same period last year.
Operating earnings per share are up to $2.08, a 37 percent increase from $1.69 per share in Q2 of 2014.
Year-to-date profits hit $1.5 billion, compared to $1.2 billion at this time in 2014. Based on these results, the company now projects full-year 2015 operating earnings per share to hit a minimum of $7.40. In Q1, Aetna had forecasted a per share minimum of $7.20.
Total revenue for Q2 is up 5 percent from last year, at $15.2 billion. For the year so far, the company reported $30.3 billion in total revenue, a 7 percent increase from $28.5 billion total revenue for the same period in 2014.
Total medical membership remained static, at roughly 23.7 million members, due to growth in its commercial ASC products and government business offset by a decline in commercial insured products. Aetna noted a 16 percent increase in consumer-directed health plans compared to enrollment at the end of June last year. It now has 4.1 million members enrolled in consumer-directed plans.
The company also saw a 10.8 percent uptick in Medicare Advantage enrollment, to 1.23 million members from 1.11 million in June 2014. After the company closes its $37 billion acquisition of Humana, these numbers could change dramatically, as Humana's revenue is derived primarily from Medicare Advantage plans.
"Our performance continues to demonstrate the execution of Aetna's growth strategy and the power of our diversified business portfolio. We believe our proposed acquisition of Humana will further that strategy, delivering both significant value to customers and attractive returns for shareholders," Aetna Chairman and CEO Mark Bertolini said in a statement.
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