1. Aetna saw total revenue remain relatively flat during the three-month period at $15.3 billion, compared to $15.2 billion in the same period of 2017. Total expenses for the insurer fell from $15.8 billion in the first quarter of 2017 to $13.9 billion in the first quarter of 2018. Aetna reported net income of $1.2 billion in the first quarter of 2018, compared to a net loss of $381 million in the same period a year prior.
2. Anthem reported operating revenue of $22.3 billion in the first quarter of this year, reflecting little to no change from the same period in 2017. At the same time, the insurer’s expenses fell 1.2 percent to $20.8 billion, down from $21 billion in the first quarter of 2017. Anthem ended the first quarter of 2018 with net income of $1.3 billion, up 30 percent from the same period a year prior.
3. Cigna recorded revenue of $11.4 billion in the first quarter of this year, up 9 percent year over year. The payer saw expenses rise 6 percent year over year to $10.2 billion. Cigna posted net income of $915 million in the first quarter of 2018, up 53 percent from $598 million reported in the same period a year prior.
4. Humana reported GAAP consolidated revenues of $14.3 billion, up 4 percent from $13.8 billion in the same quarter of 2017. Humana’s expenses were up 12.4 percent to $13.5 billion in the first quarter of 2018, up from $12 billion in the first quarter of 2017. The payer ended the three-month period with a 55.9 percent drop in net income. Humana saw its net income soar to $1.1 billion in the first quarter of 2017 due to the termination of its merger agreement with Aetna. As this quarter’s results don’t include those gains, Humana’s net income fell to $491 million.
5. UnitedHealth Group reported first quarter revenues of $55.2 billion, up 13.3 percent from $48.7 billion in the first quarter of 2017. The payer saw expenses climb 12.9 percent year over year to $51.1 billion. Altogether, UnitedHealth saw profits jump 30.6 percent in the first quarter of 2018 to $2.8 billion.
More articles on payer issues:
Humana profit down 56% in Q1: 3 notes
Cigna profit soars 53%: 4 things to know
4 payer, provider contract disputes, resolutions in April
