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Aetna Inc  (AET)
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    Sector  Financial    Industry Accident & Health Insurance
 
 

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Decline in Earnings despite Increase in Demand


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Aetna Inc announced forth quarter 2016 operating income of $465.1 millions, company raises it's earnings guidance.



Aetna Inc reported declining eps on increasing revenue in the forth quarter 2016, where Sales grew by 4.51 % to $15.73 billions in comparison to $15.05 billions on a year-over-year basis, while earnings per share plummeted by -53.69 % to $0.42 per share, income per share was $0.91 in the same quarter a year ago.

In the previous quarter company realized Sales of $15.78 billions and bottom line of $1.70 per share.
Aetna Inc said it's sales growth was driven by Health Care segment up 2.19% Large Case Pensions segment up 85.71%, while sales in Group Insurance segment fell -0.36%.
Health Care earnings improved by 7.96%, but income declined in Group Insurance and Large Case Pensions segments, these were major factors for -56.83 % decline, in company's net earnings from $320 millions in the corresponding period a year before. Aetna Inc shifted it's focus on improving sales in the forth quarter 2016, as a result net margin eased to 0.88%. Company said it sees now it's eps between $7.20 and $7.40, an improvement by $0.30 compare to previous guidance.

Explaining results, Accident & Health Insurance company told, that it saw rise in: Medical Medicare Advantage Members (thousands) 1,246.00 gain by 9.78 %, Pharmacy Medicare Advantage PDP Members (thousands) 861.00 gain by 14.8 %.
Following 2 company indicators recorded great increase: Medical Medicaid Members 5.96 %, Consumer Directed Health Plans Members 5.62 %.
While following indicators decreased: Medical Commercial Members down -1.96 %, Total Medical Membership down -0.67 %, Pharmacy Commercial Members down -3.7 %, Total Pharmacy Benefit Management Services Members down -0.65 %.
While following indicators decreased: Dental Membership 14,643.00 -4.69 %. Looking into financial results for the fiscal year 2016, Aetna Inc reported Sales of $63.16 billions and net income of $2.26 billions.

Accident & Health Insurance Company explained also, that Eps decreased by -5.46 % to $6.41 per share from $6.78 in the previous fiscal year, while Sales increased by 4.67 % from $60.34 billions a year ago.

Aetna Inc is expected to report next financial results on April 27, 2017.
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