How Aetna, Cigna, Anthem, Humana and UnitedHealth fared in Q1

The five largest health insurers in the nation produced mixed results in the first quarter of 2016.

1. Anthem recorded revenues of nearly $20.3 billion in the first quarter of 2016, an increase of 6.5 percent over the $19.05 billion reported in the same quarter of the year prior. The Indianapolis-based insurer ended the quarter with net income of $703 million, down 18.7 percent from $865.2 million in the same period of the year prior.

2. Minnetonka, Minn.-based UnitedHealth Group reported revenues of $44.5 billion in the first quarter of 2016, up 25 percent from the same period of 2015. The insurer posted net income of $1.6 billion in the first quarter, up from $1.4 billion in the same period of the year prior.

3. Cigna reported revenues of nearly $9.9 billion in the first quarter of 2016, up from $9.5 billion in the same period of the year prior. The Bloomfield, Conn.-based insurer's net income fell 2.6 percent year over year to $519 million in the first quarter of 2016.

4. Louisville, Ky.-based Humana reported revenues of $13.8 billion in the first quarter of 2016, down slightly from the same period of last year. The insurer recorded net income of $234 million in the first quarter, down 46 percent from the same period of 2015.

5. Hartford, Conn.-based Aetna reported revenues of $15.7 billion in the first quarter of 2016, up nearly 4 percent from the same period of 2015. The insurer ended the quarter with net income of $726.6 million, down from net income of $777.5 million in the same period of the year prior.

More articles on payer issues:

Aetna CEO: 'We need different pools' in ACA exchanges
Cigna Foundation pledges $2M to nonprofit organizations
WellCare gets profit boost from Medicare enrollees

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