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Got You Covered
Aetna Earnings Stall
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Business New Haven
8/10/98
By: Kristine Hansen
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Aetna (NYSE:AET) announced operating earnings for the second quarter 1998 of $153.0 million (95 cents per common share), But excluding unusual items, second quarter 1998 operating earnings were $177.5 million ($1.12 per common share), compared with $185.6 million ($1.13 per common share) in the second quarter of 1997. Cash operating earnings for the second quarter of 1998 were $1.64 per common share.
Aetna U.S. Healthcare reported second quarter 1998 operating earnings, excluding unusual items, of $104.6 million. Second quarter 1998 results improved over first quarter earnings, excluding unusual items, of $100.5 million.
Aetna Retirement Services (ARS), reported second quarter 1998 operating earnings, before unusual items, of $72.0 million, a 27 percent increase over the $56.5 million reported in the second quarter of 1997.
Total Aetna Revenues, including net realized capital gains for the second
quarter of 1998, were $4.8 billion, compared with $4.6 billion for the second quarter of 1997. Net Income for the 1998 second quarter was $265.7 million ($1.69 per
common share).
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