|
Company Intelligence
Reprinted
from HEALTH
PLAN WEEK (formerly Managed Care Week), the industry's leading source
of business, financial and regulatory news of health plans, PPOs, and
POS plans.
Charts
on this Page:
| Fourth-Quarter
2007 Financial Results of Publicly Traded Managed Care Companies
(for the period that ended Dec. 31, 2007) |
|
Net
Income (Loss)
for Fourth-Quarter |
Fourth-Quarter
Income (Loss) per Diluted Share for |
Medical
Enrollment on Dec. 31, |
Fourth-Quarter
Medical-Cost
Ratio for |
Fourth-Quarter
Administrative-Cost Ratio for |
| 2007 |
2006 |
2007 |
2006 |
2007 |
2006 |
2007 |
2006 |
2007 |
2006 |
| Aetna,
Inc. |
$448.4
million |
$434.1
million |
$0.87 |
$0.80 |
16.8
million |
15.4
million |
79.2%1 |
79.8%1 |
19.0% |
19.4% |
| AMERIGROUP
Corp. |
$31.1
million |
$29.9
million |
$0.57 |
$0.56 |
1.7
million |
1.3
million |
82.9% |
80.4% |
13.1% |
14.2% |
| Assurant,
Inc. |
$120.8
million2 |
$252.5
million2 |
$1.01 |
$2.01 |
871,000 |
935,000 |
62.0%3 |
63.3%3 |
29.5%3 |
30.3%3 |
| Centene
Corp. |
$14.7
million |
$13.8
million |
$0.03 |
$0.31 |
1.4
million |
1.3
million |
84.0% |
82.1% |
14.3% |
12.8% |
| CIGNA
Corp. |
$263
million |
$232
million |
$0.93 |
$0.76 |
10.1
million |
9.4
million |
84.6%4 |
83.9%4 |
27.3%5 |
26.3%5 |
| Coventry
Health Care, Inc. |
$184.3
million |
$156.1
million |
$1.18 |
$0.97 |
4.0
million |
2.5
million |
78.1%6 |
78.3%6 |
18.1% |
13.0% |
| HealthSpring,
Inc. |
$26.2
million |
$20.1
million |
$0.46 |
$0.35 |
153,1977 |
143,000 |
78.1%8 |
79.6%8 |
11.7% |
14.5% |
| Health
Net, Inc. |
$123.4
million |
$84.8
million8 |
$1.10 |
$0.76 |
6.6
million |
6.3
million |
82.6%9 |
82.9%9 |
10.5% |
13.3% |
| Humana
Inc. |
$243.3
million |
$155.0
million |
$1.43 |
$0.92 |
7.9
million |
7.7
million |
80.3% |
83.2% |
16.0% |
14.7% |
| Molina
Healthcare, Inc. |
$17.9
million |
$10.7
million |
$0.63 |
$0.38 |
1.1
million |
1.1
million |
83.6% |
85.1% |
11.8% |
11.1% |
| UnitedHealth
Group |
$1.2
billion |
$1.1
billion |
$0.92 |
$0.84 |
27.9
million |
28.6
million |
79.9%10 |
80.0%10 |
14.4% |
15.0% |
| WellPoint,
Inc. |
$859.1
million |
$801.1
million |
$1.51 |
$1.28 |
34.8
million |
34.1
million |
82.9% |
81.0% |
13.8% |
15.7% |
1
Ratio is for all medical and dental risk products.
2 Includes
$27 million of after-tax realized losses from other than temporary
impairments in the investment portfolio. Includes a $63.9 million
after-tax gain from the sale of Private Healthcare Systems, Inc.
and $40.5 million of after-tax income from a legal settlement.
3 Ratios
are for Assurant Health only.
4 Ratios are for commercial risk products, excluding voluntary/limited
benefit business.
5 Ratios are for CIGNA HealthCare business unit.
6 Ratios are for health plan business only.
7 HealthSpring
acquired Leon Medical Centers Health Plans on Oct. 1, 2007. As
of the acquisition date, the health plan had approximately 25,800
members
.8 Ratio
is for Medicare products only
9 Ratios
exclude TRICARE enrollment
10 Ratio is for all risk-based business and products |
| NOTE:
WellCare Health Plans, Inc. was omitted from this table because
it has delayed reporting full financial and operating data for
the fourth quarter of 2007 in light of an ongoing investigation
by federal and state agencies. Sierra Health Services, Inc.’s
fourth-quarter 2007 financial data had not been released as of
HPW’s press time. Sierra’s acquisition by UnitedHealth
Group was approved on Feb. 25. SOURCE:
Compiled by Atlantic Information Services, Inc. from company financial
reports. |
| Third-Quarter
2007 Financial Results of Publicly Traded Managed Care Companies
(for the period that ended Sept. 30, 2007) |
| |
Net
Income (Loss) for Third-Quarter
|
Third-Quarter
Income (Loss) per Diluted Share for
|
Medical
Enrollment on Sept 30,
|
Third-Quarter
Medical-Cost Ratio for
|
Third-Quarter
Administrative- Cost Ratio for
|
|
2007
|
2006
|
2007
|
2006
|
2007
|
2006
|
2007
|
2006
|
2007
|
2006
|
|
Aetna,
Inc.
|
$496.7
million
|
$476.4
million
|
$0.95
|
$0.85
|
16.6
million
|
15.4
million
|
79.4%
|
78.8%
|
18.2%
|
18.4%
|
|
AMERIGROUP
Corp.
|
$31.2
million
|
$24.6
million
|
$0.58
|
$0.46
|
1.5
million
|
1.2
million
|
82.9%
|
81.7%
|
12.6%
|
13.0%
|
|
Assurant,
Inc.
|
$187.2
million
|
$151.3
million
|
$1.56
|
$1.18
|
910,000
|
954,000
|
63.5%1
|
62.4%1
|
29.3%1
|
29.1%1
|
|
Centene
Corp.
|
$15.9
million
|
($71.2
million)2
|
$0.36
|
($1.65)2
|
1.1
million
|
1.2
million
|
81.5%
|
84.4%
|
11.0%
|
10.4%
|
|
CIGNA
Corp.
|
$365
million
|
$298
million
|
$1.28
|
$0.92
|
10.2
million
|
9.3
million
|
83.0%3
|
85.6%3
|
27.2%4
|
27.1%4
|
|
Coventry
Health Care, Inc.
|
$168.7
million
|
$147.5
million
|
$1.08
|
$0.92
|
3.9
million
|
3.4
million
|
79.0%
|
78.6%
|
18.7%
|
16.9%
|
|
HealthSpring,
Inc.
|
$22.4
million
|
$31.1
million
|
$0.39
|
$0.54
|
139,000
|
148,000
|
81.8%5
|
75.7%5
|
11.0%
|
11.0%
|
|
Health
Net, Inc.
|
($103.8
million)6
|
$90.9
million
|
($0.93)6
|
$0.76
|
6.3
million
|
6.3
million
|
89.8%7
|
82.9%7
|
18.6%
|
13.3%
|
|
Humana
Inc.
|
$302.4
million
|
$159.2
million
|
$1.78
|
$0.95
|
7.9
million
|
7.9
million
|
81.3%
|
84.1%
|
13.3%
|
13.1%
|
|
Molina
Healthcare, Inc.
|
$17.5
million
|
$12.3
million
|
$0.62
|
$0.44
|
1.0
million
|
1.0
million
|
83.7%
|
84.1%
|
11.7%
|
11.7%
|
|
Sierra
Health Services, Inc.
|
$34.6
million
|
$34.9
million
|
$0.59
|
$0.56
|
877,000
|
839,000
|
81.7%
|
77.3%
|
9.5%
|
12.6%
|
|
UnitedHealth
Group
|
$1.3
billion
|
$1.1
billion
|
$0.95
|
$0.80
|
28.6
million
|
28.3
million
|
79.5%
|
81.1%
|
14.0%
|
13.5%
|
|
WellPoint,
Inc.
|
$868.0
million
|
$810.8
million
|
$1.45
|
$1.29
|
34.8
million
|
34.2
million
|
81.8%
|
81.3%
|
14.6%
|
15.5%
|
|
1
Ratios are for Assurant Health only.
2
Third-quarter 2006 figures include a one-time charge of $87.1
million related to the loss of Centene's Kansas Medicaid contract.
3
Ratios are for commercial risk products, excluding voluntary/limited
benefit business.
4
Ratios are for CIGNA HealthCare business unit.
5
Ratio is for Medicare products only.
6
Third-quarter 2007 figures include a one-time charge of $296.8
million related to the settlement of class-action litigation,
regulatory matters and other legal expenses. The charge also
drove up Health Net's medical cost ratio for the most recent
period.
7
Ratios exclude TRICARE enrollment.
NOTE:
WellCare Health Plans, Inc. was omitted from this table because
it has delayed reporting full financial and operating data for
the third quarter of 2007 in light of an ongoing investigation
by federal and state agencies.
SOURCE:
Compiled by Atlantic Information Services, Inc. from company
financial reports.
|
|
Second-Quarter
2007 Financial Results of Publicly Traded Managed Care Companies
(for the period that ended June 30, 2007)
|
| |
Net
Income (Loss) for Second-Quarter
|
Second-Quarter
Income (Loss) per Diluted Share for
|
Medical
Enrollment on June 30,
|
Second-Quarter
Medical-Cost Ratio for
|
Second-Quarter
Administrative- Cost Ratio for
|
|
2007
|
2006
|
2007
|
2006
|
2007
|
2006
|
2007
|
2006
|
2007
|
2006
|
|
Aetna,
Inc.
|
$451.3
million
|
$389.5
million
|
$0.85
|
$0.67
|
15.8
million
|
15.4
million
|
81.5%
|
81.9%
|
17.8%
|
18.4%
|
|
AMERIGROUP
Corp.
|
$32.8
million
|
$15.3
million
|
$0.61
|
$0.29
|
1.5
million
|
1.2
million
|
83.1%
|
83.4%
|
12.1%
|
13.0%
|
|
Assurant,
Inc.
|
$166.3
million
|
$151.1
million
|
$1.36
|
$1.16
|
930,000
|
963,000
|
64.1%
1
|
61.8%
1
|
30.3%
1
|
30.8%
1
|
|
Centene Corp.
|
$17.8
million 2
|
$5.0
million
|
$0.40
2
|
$0.11
|
1.1
million
|
1.1
million
|
80.6%
3
|
84.0%
3
|
14.0%
3
|
12.3%
3
|
|
CIGNA
Corp.
|
$198
million 4
|
$273
million
|
$0.684
|
$0.78
|
9.8
million
|
9.0
million
|
84.7%
5
|
85.0%
5
|
25.7%
6
|
27.0%
6
|
|
Coventry
Health Care, Inc.
|
$151.3
million
|
$135.5
million
|
$0.96
|
$0.84
|
3.4
million
|
3.4
million
|
79.6%
|
80.0%
|
19.0%
|
17.1%
|
|
HealthSpring, Inc.
|
$16.2
million 7
|
$21.1
million
|
$0.28
7
|
$0.37
|
140,000
|
146,000
|
81.0%
8
|
79.5%
8
|
11.9%
|
11.1%
|
|
Health
Net, Inc.
|
$92.0
million
|
$77.0
million
|
$0.80
|
$0.65
|
6.6
million
|
6.6
million
|
84.7%
9
|
84.0%
9
|
12.5%
|
13.5%
|
|
Humana
Inc.
|
$216.8
million
|
$89.5
million
|
$1.28
|
$0.53
|
7.8
million
|
7.6
million
|
83.4%
|
85.1%
|
13.0%
|
13.7%
|
|
Molina
Healthcare, Inc.
|
$13.3
million
|
$13.2
million
|
$0.47
|
$0.47
|
1.1
million
|
1.1
million
|
85.1%
|
83.7%
|
10.9%
|
11.6%
|
|
Sierra
Health Services, Inc.
|
$39.4
million
|
$33.5
million
|
$0.67
|
$0.54
|
866,000
|
824,000
|
76.8%
|
77.8%
|
13.0%
|
12.6%
|
|
UnitedHealth
Group
|
$1.2
billion
|
$981
million
|
$0.89
|
$0.70
|
28.7
million
|
28.4
million
|
80.5%
|
81.6%
|
13.8%
|
13.9%
|
|
WellCare Health Plans, Inc.
|
$54.6
million
|
$22.2
million
|
$1.30
|
$0.55
|
1.3
million
|
1.1
million
|
82.0%
|
82.4%
|
12.0%
|
12.3%
|
|
WellPoint,
Inc.
|
$835.2
million
|
$751.2
million
|
$1.35
|
$1.17
|
34.8
million
|
34.2
million
|
81.8%
|
81.2%
|
15.1%
|
15.7%
|
|
1
Ratios are for Assurant Health only.
2
Second-quarter 200 | |
