Here’s how the eight payers fared in the three-month period ended September 30:
1. Aetna boosted CVS Health’s profits by 10 percent in the third quarter. CVS reported a net income of $1.5 billion, up from $1.4 billion last year. Its revenue was $63.8 billion, higher than the $63 billion expected.
2. Anthem‘s total revenues grew by 14.7 percent to $26.7 billion, compared to $23.3 billion in the same period a year prior. The insurer ended the third quarter with a $1.2 billion profit, up 23.2 percent from $960 million reported in the same period a year prior.
3. Centene‘s revenues totaled nearly $19 billion in the third quarter, up 17.2 percent year over year from $16.2 billion. The insurer ended the period with a $95 million profit, fives times higher than the $19 million it recorded in the third quarter of 2018.
4. Cigna‘s total revenues grew to approximately $38.6 billion in the third quarter, more than three times the $11.5 billion the health insurer posted in the same quarter of 2018. Cigna ended the period with net income of $1.4 billion, up 75 percent from $772 million reported in the third quarter of 2018.
5. Humana posted third-quarter revenues of $16.2 billion in 2019, up 14.3 percent year over year from $14.2 billion. After including nonoperating results, the insurer ended the period with net income of $689 million, up 7 percent from $644 million posted in the same quarter of 2018.
6. Molina Healthcare‘s total revenue fell 9.7 percent to $4.2 billion in the third quarter, down from $4.7 billion in the same quarter a year prior. Molina ended the period with net income of $175 million, down about 11 percent from $197 million recorded in the same period a year prior.
7. UnitedHealth Group posted revenues of $60.4 billion in the third quarter, up $3.8 billion year over year. After including operating and nonoperating expenses, UnitedHealth recorded a $5 billion profit during the period, up 9 percent from $4.6 billion in the same period a year prior.
8. WellCare Health Plans ended the third quarter with $241 million in net income, up more than 70 percent year over year from the $130.6 million the insurer recorded in the same period last year. Revenues also grew, climbing more than 40 percent year over year to $7.1 billion.
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