Here is how Anthem, Cigna, Centene Corp. and UnitedHealth Group fared in the second quarter of fiscal year 2020:
1. Anthem‘s revenues totaled $29.3 billion in the second quarter of this year, up 14.9 percent year over year. Anthem ended the quarter with a $2.3 billion profit, more than double the $1.1 billion the insurer posted in the same period a year prior.
2. Cigna posted revenues of $39.3 billion in the second quarter of this year, up 1.1 percent year over year. The insurer’s profits grew to $1.8 billion in the most recent quarter, up 24.6 percent year over year.
3. Revenues grew to $27.7 billion for Centene Corp., up 51 percent year over year. The insurer’s second-quarter profit rose to $1.2 billion, more than double the $495 million the insurer posted in the same period a year before.
4. UnitedHealth Group‘s revenue grew about 2.5 percent to $62.1 billion in the second quarter of this year. UnitedHealth ended the second quarter with $6.6 billion in net earnings, double the $3.3 billion it posted in the same period last year.
More articles on payers:
Anthem agrees to pay $27K medical bill after TV report airs
Leapfrog Group: Employers rank Cigna highest, UnitedHealthcare lowest on drive for value
Anthem doubles profit in Q2
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
