Aetna Reports 17% Increase in Second-Quarter Profits
On Tuesday, health insurer Aetna reported that its second-quarter profits for 2013 increased by 17% to $536 million, compared with $457.6 million during the same period in 2012. Meanwhile, Aetna's revenue for the quarter increased by 31% to $11.56 billion, excluding certain items, which fell short of analysts' prediction of about $11.9 billion.
- "Health Insurer Aetna's 2Q Profit Rises 17 Percent" (Murphy, AP/Sacramento Bee, 7/30).