Financial updates from Cigna, Anthem, Centene & Humana

Morgan Haefner - Print  | 

Cigna, Anthem, Centene Corp. and Humana released their first-quarter earning reports this week. Similar to UnitedHealth Group, their results reflected minimal effects from the COVID-19 pandemic.

Here's how the insurers stacked up:

1. Cigna posted total revenues of $38.5 billion in the first quarter of 2020, up from $37.9 billion in the same quarter a year prior. Cigna ended the quarter with net income of $1.2 billion, down from $1.4 billion in the same quarter a year prior.

2. Anthem reported first-quarter revenues of $29.6 billion, up from $24.7 billion in the same period a year before. Anthem ended the quarter with $1.5 billion in profits, down slightly from $1.6 billion a year prior. 

3. Centene saw first-quarter revenue grow year over year to $26 billion, up from $18.4 billion. The insurer saw its net income drop from $522 million in the first quarter of 2019 to $46 million this quarter.

4. Humana saw its revenues grow in the first quarter of 2020 to $18.9 billion, up from $16.1 billion a year prior. The insurer ended the first quarter with lower revenue than the prior year at $473 million, down from $566 million.

More articles on leadership:
How Baylor St. Luke's converted an aging patient floor into a COVID-19 unit
Ochsner Health's key tactics to promote staff well-being during COVID-19
CEO of Children's Hospital Los Angeles: 5 standout initiatives in the fight against COVID-19

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.