(Bloomberg) — Aetna Inc., the third-biggest health insurer by sales, raised its full-year forecast, helped by a surge in Medicare and Medicaid premiums and medical claims that were lower than the company anticipated.
Profit for 2013 may be $5.50 to $5.60 a share, Aetna said today in a statement. The Hartford, Connecticut-based carrier had forecast earnings of at least $5.40 a share in January. Excluding costs for its acquisition of Coventry Health Care Inc., first-quarter earnings were $1.50, 12 cents higher than the average of 18 analyst estimates compiled by Bloomberg.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access