Aetna posts 6.5% decreases in Q1 net income

Hartford, Conn.-based Aetna has released its first quarter 2016 financial results.

Although Aetna's operating revenue increased from the Q1 of 2015 to Q1 of 2016, both its operating earnings and net income decreased.

Operating revenue increased nearly 4 percent to $15.7 billion in Q1 of 2016 from $15.1 billion in Q1 of 2015.

However, operating earnings decreased by 3.97 percent during the same time period. In Q1 of 2015, operating earnings were at $844.3 million, but this year in Q1, they were at $810.8 million.

Aetna's net income also dropped 6.6 percent. The insurer posted net income of $726.6 million in Q1 of this year, while it reported net income of $777.5 million in Q1 of 2015.

In a statement included in the press release, Aetna CEO Mark Bertolini remained positive about the insurer's acquisition of Humana. "We believe we remain on track to close our acquisition of Humana in the second half of 2016, which will enable us to offer consumers a broader choice of products, access to higher quality and more affordable care and a better overall experience," he said, according to the press release.

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