Aetna Reports Fourth-Quarter and Full-Year 2016 Results

According to an Aetna press release on January 31, 2017 ---- Aetna (NYSE: AET) announced fourth-quarter 2016 net income of $139 million, or $0.39 per share. Full-year 2016 net income was $2.3 billion, or $6.41 per share. Operating earnings for fourth-quarter 2016 were $578 million, or $1.63 per share. Full-year 2016 operating earnings were $2.9 billion, or $8.23 per share. Aetna presents both GAAP and Non-GAAP financial measures in this press release to provide investors with additional information. "Aetna's 2016 results exceeded previous projections despite continued challenges in the public exchanges, and I have a great deal of confidence in the company's future, including our long-term prospects for growth," said Mark T. Bertolini, Aetna Chairman and CEO. "As we consider next steps in our proposed acquisition of Humana, we remain focused on our core strategy to deliver innovative, consumer-centric solutions that improve quality, affordability and the overall member experience." "We closed 2016 with a solid quarter driver by outperformance across multiple businesses, which offset continued pressure from our individual Commercial ACA-compliant products," said Shawn M. Guertin, Aetna Executive Vice President and Chief Financial Officer. "Our 2016 results provide us with significant momentum and a positive outlook for the company in 2017. From a balance sheet perspective our financial position, capital structure, and liquidity all continue to be very strong." For more information on Aetna reporting fouth-quarter and full-year 2016 results click on the pictures below to read the articles.