Aetna Reports a Mixed Quarter as Its Merger With CVS Remains on Track
Aetna reported a mixed quarter with operating revenue remaining flat and operating margin decreasing 37 basis points to 10.07%. The firm did a great job in controlling its medical costs as the overall medical cost ratio decreased 30 basis points to 79.7% and was driven largely from a 140-basis-point medical loss ratio decrease (to 77.1%) for the commercial segment. However, the firm's government segment, which largely includes Medicare membership, increased 50 basis points to 81.8%. We believe t...Aetna is a health care benefits company. The company conducts its operations in three business segments: Health Care, which provides medical, pharmacy benefit management services, dental, behavioral health and vision plans provided on both an insured basis and an employer-funded basis and businesses products and services that complement its medical products; Group Insurance, which primarily includes group life insurance and group disability products and long-term care products; and Large Case Pensions, which manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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