Aetna Inc. (Aetna) is a diversified healthcare benefits company. The Company offers a range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. The Company’s operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions. Health Care products consist of medical, pharmacy benefits management, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative, basis. Group Insurance products consist of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. Large Case Pensions manages a variety of retirement products primarily for tax qualified pension plans. In addition, in November 2009, Aetna, Inc. acquired Horizon Behavioral Services, LLC.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Aetna Inc.'s revenues increased 12% to $26.01B. Net income decreased 7% to $1.11B. Revenues reflect an increase in income from Health care and higher income from group insurance. Net income was offset by increased healthcare costs, a rise in selling expenses, higher general & administrative expenses and an increase in interest expenses.