Aetna Reports Third Quarter 2009 Results



Third-quarter 2009 operating earnings per share(1) were $.69, above the Thomson-First Call mean of $.66
Net income per share in the third quarter 2009 was $.73; increase driven by improved investment environment
Commercial medical benefit ratio was 85.6 percent in the third quarter 2009
Medical membership totaled 19.0 million members at September 30, 2009
Aetna projects full-year 2009 operating earnings per share of $2.75 (2)


Related Documents

3Q09 Financial Supplement (PDF: 158 KB / 15 pages)

Guidance Summary (PDF: 19 KB/ 3 pages)



HARTFORD, Conn., October 29, 2009 — Aetna (NYSE: AET) today announced third-quarter 2009 operating earnings of $308.2 million, or $.69 per share, a 38 percent decrease from the prior-year quarter. Operating earnings(1) exclude net realized capital gains (losses) and other items. The decrease in operating earnings per share from the prior-year quarter reflects a lower Commercial underwriting margin and a previously announced increase in pension expense partially offset by the impact of a lower number of shares outstanding year-over-year. The lower Commercial underwriting margin was due to a significant increase in Commercial medical costs which was partially offset by an increase in health care premiums. Net income was $326.2 million, or $.73 per share, a 26 percent increase from the prior-year quarter, which included net realized capital losses of $.48 per share due to the then-deteriorating global economic conditions.


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