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Article: Aetna Reports Fourth Quarter and Full-Year 2002 Results.
- Article from:
- Business Wire
- Article date:
- February 11, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
HARTFORD, Conn.--(BUSINESS WIRE)--Feb. 11, 2003
-- Operating earnings, excluding other items, of $120.7 million for the fourth quarter 2002, compared with a fourth quarter 2001 loss of ($48.1) million, and third quarter 2002 earnings of $127.9 million. Fourth quarter 2002 health care operating earnings include approximately $23 million of Commercial HMO favorable development of prior-period medical cost estimates. Third quarter 2002 health care operating earnings include approximately $38 million of aggregate favorable development of prior-period medical cost estimates for both the Commercial HMO and Medicare HMO products, as well as the ...