How Aetna, Anthem, Humana, Cigna and UnitedHealth performed in the fourth quarter

Filed Under: Costs, Health plans, Patients

“Many of the nation’s largest commercial insurers saw their profits fall in the fourth quarter of 2020 as expenses related to the COVID-19 pandemic increased,” Becker’s Hospital Review wrote. “Here is how Aetna, Anthem, Humana, Cigna and UnitedHealth Group fared:

“1. Fourth-quarter revenues for Aetna parent CVS Health totaled $619.6 billion, up from $66.9 billion in the same period of 2019. CVS ended the fourth quarter with a $973 million profit, down 44.2 percent from $1.7 billion in the fourth quarter of 2019.

“2. Anthem posted revenues of $31.8 billion in the fourth quarter of 2020, up 16.1 percent from $27.4 billion in the same period a year prior. Anthem ended the fourth quarter with a $551 million profit, down 41 percent from the $934 million it reported in the last quarter of 2019.

“3. Cigna posted fourth-quarter revenues of $41.7 billion, up from $38.2 billion in the same quarter of 2019. Cigna ended the quarter with a $4.1 billion profit, up from $977 million reported in the last quarter of 2019.

“4. Humana recorded $19.1 billion in revenues in the fourth quarter of 2020, up 17 percent year over year. Humana ended the quarter with a $274 million net loss, compared to a $512 million profit in the fourth quarter of 2019.

“5. UnitedHealth Group still saw its revenue grow to $65.5 billion in the last quarter of 2020, up 7.5 percent from $60.9 billion in the same period the previous year, beating analysts’ projections. UnitedHealth posted a profit of $2.2 billion in the fourth quarter of 2020, down about 38 percent from $3.5 billion in the same period of 2019.” “How Aetna, Anthem, Humana, Cigna and UnitedHealth performed in Q4,” Becker’s Hospital Review.