In the first quarter of the 2012 fiscal year, the five largest commercial and investor-owned health insurers — UnitedHealth Group, WellPoint, Aetna, Cigna and Humana — posted a cumulative profit of $3.38 billion.
This past quarter's results were down 5.9 percent compared with the first quarter of FY 2011, when the five major insurers recorded profits of $3.59 billion.
UnitedHealth Group, the largest health insurer in the United States in both revenues and enrollment, represented an overwhelming plurality of 2012's first quarter profit total at 41 percent. WellPoint reported the second largest profit chunk of the "big five" at 25 percent.
Here are the specific first-quarter earnings results of those five commercial payors.
1. UnitedHealth Group reported a profit of $1.39 billion in the first three months of its fresh 2012 fiscal year — an increase of 3.1 percent from the $1.35 billion it recorded in the first quarter of 2011.
2. Net income at Indianapolis-based health insurer WellPoint fell 7.6 percent in the first quarter of the 2012 fiscal year, from $926.6 million in the same period of 2011 to $856.5 million.
3. Health insurer Aetna's net income dropped 13 percent, from $586 million in 2011 to $511 million this year.
4. First quarter net income at health insurer Cigna slipped 10 percent, from $413 million in 2011 to $371 million in 2012.
5. Net income at health insurer Humana took a hit in the three months ended March 31, 2012, dropping from $315 million in the first quarter of 2011 to $248 million this past quarter.
This past quarter's results were down 5.9 percent compared with the first quarter of FY 2011, when the five major insurers recorded profits of $3.59 billion.
UnitedHealth Group, the largest health insurer in the United States in both revenues and enrollment, represented an overwhelming plurality of 2012's first quarter profit total at 41 percent. WellPoint reported the second largest profit chunk of the "big five" at 25 percent.
Here are the specific first-quarter earnings results of those five commercial payors.
1. UnitedHealth Group reported a profit of $1.39 billion in the first three months of its fresh 2012 fiscal year — an increase of 3.1 percent from the $1.35 billion it recorded in the first quarter of 2011.
2. Net income at Indianapolis-based health insurer WellPoint fell 7.6 percent in the first quarter of the 2012 fiscal year, from $926.6 million in the same period of 2011 to $856.5 million.
3. Health insurer Aetna's net income dropped 13 percent, from $586 million in 2011 to $511 million this year.
4. First quarter net income at health insurer Cigna slipped 10 percent, from $413 million in 2011 to $371 million in 2012.
5. Net income at health insurer Humana took a hit in the three months ended March 31, 2012, dropping from $315 million in the first quarter of 2011 to $248 million this past quarter.
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