Data by Company within Accident & Health Insurance Industry
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Company |
(Millions) |
(Millions) |
(Millions) |
Number |
| Unitedhealth Group Incorporated |
$ 475,734 |
$ 348,515 |
$ 21,723 |
350,000 |
| Elevance Health Inc |
$ 106,351 |
$ 165,712 |
$ 6,434 |
98,200 |
| The Cigna Group |
$ 85,891 |
$ 186,134 |
$ 6,792 |
73,700 |
| Humana Inc |
$ 61,854 |
$ 98,727 |
$ 3,369 |
96,900 |
| Aflac Incorporated |
$ 46,010 |
$ 18,802 |
$ 4,603 |
12,447 |
| Centene Corporation |
$ 37,795 |
$ 147,923 |
$ 2,706 |
72,500 |
| Molina Healthcare Inc |
$ 19,325 |
$ 32,626 |
$ 916 |
14,000 |
| Principal Financial Group inc |
$ 18,335 |
$ 14,099 |
$ 1,656 |
18,600 |
| Unum Group |
$ 9,914 |
$ 12,116 |
$ 1,442 |
10,300 |
| Bright Health Group Inc |
$ 3,720 |
- |
$ -1,349 |
- |
| Cno Financial Group Inc |
$ 2,761 |
$ 3,908 |
$ 221 |
3,500 |
| Alignment Healthcare Inc |
$ 1,253 |
$ 1,624 |
$ -163 |
1,000 |
| Oscar Health Inc |
$ 1,218 |
$ 4,965 |
$ -475 |
2,500 |
| Trupanion Inc |
$ 1,125 |
$ 1,007 |
$ -61 |
439 |
| Triple s Management Corporation |
$ 840 |
$ 4,115 |
$ 81 |
3,257 |
| Clover Health Investments Corp |
$ 527 |
$ 2,797 |
$ -261 |
507 |
| Partnerre Ltd |
- |
$ 7,400 |
$ 702 |
- |
| Accident & Health Insurance Industry |
$ 872,651 |
- |
$ 48,337 |
757,850 |
Recent News from Accident & Health Insurance Industry |
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Cno Financial Group Inc
Financial News Report: CNO Financial Group Inc Reports Profitability Deterioration Despite Revenue Increase
CNO Financial Group Inc experienced a decline in profitability in its most recent fiscal period, despite a significant increase in revenue. The net profit per share plummeted by 44.83% to $0.64 per share, while revenue increased by 19.626% to $1.02 billion, compared to the corresponding financial reporting period a year prior.
In comparison to its industry peers in the Accident and Health Insurance sector, CNO Financial Group Inc has outpaced them in revenue growth. The industry witnessed an 8.97% revenue increase during the same period. This demonstrates CNO Financial Group Inc's strong performance within its industry.
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Oscar Health Inc
Oscar Health Inc, a leading health insurance provider, showed significant improvement in its financial performance during the April to June 30, 2023, reporting period. The company managed to decrease its loss per share from -$0.53 a year prior to -$0.07, a substantial improvement. Furthermore, its earnings per share (EPS) also showed progress, improving from -$0.18 per share in the preceding reporting season.
One of the key factors that contributed to Oscar Health's positive performance was its exceptional revenue growth. The company experienced a remarkable surge of 49.563% in revenue, reaching $1.52 billion in the second quarter of 2023, compared to $1.02 billion in the same period the previous year. Sequentially, the revenue also increased by 3.528% from $1.47 billion.
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Bright Health Group Inc
Bright Health Group Inc (BHG), a prominent player in the Accident and Health Insurance sector, recently released its financial results for the April to June 30, 2023 time-frame, revealing a disastrous performance. The company witnessed an alarming decline in revenue, plunging by 83.766% to $297.98 million compared to the same period last year. Furthermore, the net deficit per share widened to $-15.70, showcasing adverse financial results compared to the previous year.
In stark contrast to BHG's struggling performance, the remaining companies within the Accident and Health Insurance sector experienced a noteworthy 8.97% increase in revenue during the second quarter of 2023, compared to the same period last year. This puts BHG's underperformance into sharper perspective. The decline in revenue from $756.34 million to $297.98 million, representing a 60.602% decrease from the prior financial reporting period, is concerning for investors.
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Clover Health Investments Corp
Clover Health Investments Corp, a leading player in the Accident and Health Insurance sector, recently released its financial results for the period ending June 30, 2023. The report highlights significant improvements in the company's financial performance, with a notable decrease in losses per share, improvement in EPS, and a reduction in net shortfall. However, the decline in revenue raises questions about the impact on the company's future prospects.
1. Decreased Losses Per Share and Improved EPS:
One of the positive takeaways from Clover Health's financial results is the significant decrease in losses per share. With -$0.06 per share compared to -$0.22 per share a year ago, the company has shown a remarkable improvement in its bottom line. Additionally, EPS increased to -$0.15 per share from the previous quarter, signifying enhanced profitability.
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Trupanion Inc
Trupanion Inc, a medical insurance provider for pets, recently announced a surge in revenue for the period from April to June 2023. However, the company is still facing significant losses, reporting a negative earnings per share of $-0.33. Although there was an improvement from the previous year's earnings per share of $-0.60, the company's inability to generate profits raises concerns about its financial health.
Despite the increase in revenue by 5.554% to $270.57 million compared to the previous year's income of $256.33 million, Trupanion Inc reported a net loss of $-13.714 million for the second quarter of 2023. This net loss is higher than the $-13.618 million loss reported in the same period a year ago. Such consistent losses indicate underlying issues within the company's operations and raise doubts about its ability to sustain profitability in the long term.
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Alignment Healthcare Inc
Alignment Healthcare Inc (ALHC) has reported a surge in revenue of 26.17% to $462.38 million in the second quarter of 2023, compared to the same quarter last year. This growth outpaces its contemporaries in the Accident and Health Insurance industry, which saw an overall revenue increase of 9.61% during the same period.
Despite this positive revenue growth, ALHC's Diminishing Returns have widened to $-0.15 per share. The company's earnings per share (EPS) improved from $-0.20 per share, and revenue grew by 5.288% from $439.16 million. However, ALHC saw a net shortfall of $-28.494 million in the second quarter of 2023, which is higher than the $-11.580 million reported a year ago.
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The Cigna Group
Analyzing financial results can provide valuable insights into the performance of a company. In the case of The Cigna Group, we observe a mix of positive and moderate growth across various key indicators. However, certain factors raise questions about their potential impact on the company's future prospects.
Revenue Growth Outpaces EPS Increase:
During the most recent fiscal period, The Cigna Group experienced a revenue growth rate of 6.829%, reaching $48.59 billion. On the other hand, earnings per share (EPS) grew more conservatively, by 0.41%, to $4.92 per share. This indicates that although the company is generating higher revenue, the growth in profitability has been relatively slower.
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Unum Group
Introduction
Unum Group, a notable Accident and Health Insurance company, recently released its fiscal performance report for the period ending June 30, 2023. Despite reporting a moderate revenue advance of 2.345% to $3.11 billion and an income per share surge of 8.2% to $1.98 year on year, a closer analysis reveals concerning trends. When compared to its contemporaries in the Accident and Health Insurance sector, Unum Group's top-line gain lagged behind with an average increase of only 5.70% from the second quarter of 2022. Additionally, the company's revenue growth of 2.507% from the previous period and income improvement of 10% seem underwhelming.
Sluggish Revenue Growth
Unum Group's recent revenue growth of 2.345% pales in comparison to its competitors in the Accident and Health Insurance sector, which experienced an average growth of 5.70%. This suggests that Unum Group is struggling to keep up with market demand and may be losing market share to more innovative and customer-focused companies. While the increase from $3.04 billion in the previous period is noteworthy, it falls short when compared to its peers in the industry.
Underwhelming Profitability
Although Unum Group boasted improving profit margins, including a 12.62% net margin and a 30.54% operating margin in the most recent fiscal period, the company's operating earnings rose by a mere 7.97% to $950.5 million. This lackluster growth in profitability further raises concerns about the company's ability to generate sustainable earnings in the long term. Despite reporting a 6.07% increase in net earnings from the previous fiscal period a year ago, this growth rate is minimal and fails to impress investors.
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Unitedhealth Group Incorporated
UnitedHealth Group Incorporated, the leading healthcare services provider, has reported impressive revenue growth in the April to June 30, 2023 period, outperforming the previous year. The company's revenue saw a double-digit increase of 15.649% to reach $92.90 billion. This remarkable growth contributed to a more modest bottom-line increase of 8.99% to $5.82 per share.
Compared to the prior quarter, however, there was a slight dip in earnings per share (EPS), decreasing by -2.18% from $5.95 per share. On the other hand, revenue continued to rise, albeit at a smaller scale of 1.057% from $91.93 billion. Despite this minor setback in EPS, the company's net income for the period stood at $5,657.000 million, representing an increase of 8.81% from the same period a year ago when net earnings were reported at $5,199.000 million.
During the April to June 30, 2023 period, UnitedHealth Group Incorporated focused on improving its sales, which led to a net margin ease to 6.09%. However, the company witnessed a significant boost in operating earnings, which increased by 12.97% to reach $8057 million.
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Aflac Incorporated
Aflac Incorporated, a leading provider of Accident and Health Insurance, recently released its financial results for the time-frame of April to June 30, 2023. While the company successfully improved its earnings per share, it faced some challenges in terms of revenue growth. Let's take a closer look at these results and analyze the implications for Aflac and the insurance industry as a whole.
Improved Earnings per Share:
Despite a decline in revenue, Aflac managed to increase its earnings per share by an impressive 25.46%, reaching $2.71 per share. This growth shows the company's ability to enhance profitability even in a challenging market environment. Shareholders will likely view this increase favorably, as earnings per share is a key measure of a company's financial performance.
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