Earnings Report: Top Payers Announce Q3 Earnings
From - Laboratory Industry Report The country's five largest commercial payers posted strong results for the third quarter of fiscal year 2018… . . . read more
The country’s five largest commercial payers posted strong results for the third quarter of fiscal year 2018:
| COMPANY | QUARTERLY REVENUES | PERFORMANCE | ||
| Total Q3* 2018 | YOY | Wall Street Estimate | ||
| Aetna |
$15.5 billion |
+3% | $15.25 billion | After expenses, Aetna’s net income grew 19% in Q3 2018 to $1 billion, compared to $838 million in Q3 2017. |
| Anthem |
$23 billion |
+4% | $23 billion | Including expenses and nonoperating gains, Anthem ended Q3 2018 with $960 million in net income, up 29% from $747 million in Q3 2017. |
| Cigna |
$11.5 billion |
+9% | $11.2 billion | After including expenses and nonoperating gains, Cigna ended Q3 2018 with net income of $772 million, up nearly 38% from $560 million in Q3 2017. |
| Humana | $14.2 billion | +7% | $13.98 billion | At Humana, revenues outpaced expenses and climbed 6.6% YOY to $13.2 billion, up from $12.4 billion in Q3 2017. Humana ended Q3 2018 with net income of $644 million, up from $499 million in Q3 2017. |
| UnitedHealth Group | $56.6 billion | +12.4% | $56.3 billion | Year-to-date, UnitedHealth’s profits are $8.9 billion after expenses – an increase of 29% compared to the first nine months of 2017. |
* Bold face: Companies that met or exceeded Q3 Wall Street revenues targets
* Italics: Companies that missed Wall Street revenues targets
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