1. Aetna reported a Q4 total revenue and operating revenue of $15.7 billion each, up from $15 billion and $15.1 billion in Q4 of fiscal year 2015, respectively. The insurer attributed the increase in total revenue and operating revenue to higher premiums in its healthcare segment. The Hartford, Conn.-based payer saw its net profit drop 57 percent in Q4 2016 to $139 million, down from $321 million during the same period last year. The drop was due to an increase in restructuring costs, including a $330 million pre-tax expense related to its voluntary early retirement program.
2. Indianapolis-based Anthem recorded a 7.6 percent increase in total revenue in Q4 2016 to $21.7 billion, up from $20.1 billion in Q4 2015. Anthem attributed the growth in revenue to higher premiums and enrollment in its Medicaid and employer self-funded businesses. The insurer reported an adjusted net income of $473.2 million in Q4 2016, a year-over-year increase of 54.7 percent from $305.8 million in Q4 2015.
3. Bloomfield, Conn.-based Cigna‘s total revenue increased 4.4 percent to $9.9 billion in Q4 2016, up from $9.5 billion during the same period last year. Cigna said the increase reflects the continued growth of its commercial business. Cigna reported an adjusted income from operations of $485 million in Q4 2016, down from $486 million for Q4 2015. The insurer said the adjusted income from operations reflected strong results in its commercial healthcare and global supplemental benefits businesses.
4. Humana recorded a Q4 consolidated revenue of $12.9 billion in 2016, falling 4 percent from $13.4 billion during the same period last year. The Louisville, Ky.-based insurer recorded an adjusted consolidated pretax income of $643 million in Q4 2016, a 42 percent jump from Q4 2015 due to year-over-year improvement in its individual Medicare Advantage business and higher operating earnings in its healthcare services segment.
5. Minnetonka, Minn.-based UnitedHealth Group reported better-than-expected Q4 2016 revenues of $ 47.5 billion, a year-over-year increase of 9 percent. UnitedHealth attributed its revenue growth to the growing market demand for its product and service offerings. UnitedHealth also recorded Q4 net earnings of $1.9 billion, up 53 percent during the same period last year.
More articles on payer issues:
Colorado health insurance exchange sees record-breaking enrollment
BCBS of Minnesota appoints former UnitedHealth startup CEO president of diversified business
3 actions Minnesota is taking to govern its insurance market
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.