Hartford health insurer Aetna reported gains in both its fourth-quarter and full-year profits for 2015. Fourth quarter net income was up 38.2 percent over the same quarter in 2014. Full year net income was up 17.1 percent. Earnings per share were $7.71 for 2015, a per-share hike of 15 percent over 2014.
Aetna reported Net income for the fourth quarter of 2015 was $320.8 million, or $0.91 per share. Full-year 2015 net income was $2.4 billion, or $6.78 per share, up from $2.0 billion in 2014, or $5.68 per share.
“Aetna achieved record annual operating revenue and operating earnings in 2015, and delivered full-year operating [earnings per share] that was above our most recent projection,” said Mark T. Bertolini, Aetna chairman and CEO. The company is working with the Department of Justice and state regulators toward final approval of its proposed acquisition of Humana, which is expected to close in the second half of 2016.
in December, Standard & Poor’s Ratings Services said its ratings on Aetna and its core operating companies will remain on CreditWatch with negative implications.
Its ratings on Humana Inc., which Aetna has proposed acquiring for $37 billion, remain on CreditWatch with positive implications, the S&P bulletin said.
