This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

'Octomom' Insurer Is Among Most Profitable

The Kaiser Foundation gained public prominence after Nadya Suleman, the "Octomom," gave birth at the Kaiser Permanente Bellflower Medical Center in Bellflower, California.

But the not-for-profit organization's Kaiser Foundation Health Plan Inc. is also the seventh most profitable U.S. health insurer, with earnings of $202 million, according to an industry-wide analysis. Suleman's hospital bill may swell to $1 million after she delivered octuplets in January, ABC News has reported. She is insured by California's state health plan.

Kaiser Foundation Health Plan is rated A-minus, or "excellent," by TheStreet.com Ratings. Kaiser's units generated more than $40 billion in combined premiums in 2007.

Nadya Suleman

In addition to Kaiser, subsidiaries of Humana (HUM - Get Report), UnitedHealth Group (UNH - Get Report) and WellPoint (WLP) were among the top 25 most profitable insurance companies in the third quarter, the most recent data show.

WellPoint had 10 insurance subsidiaries in the top 25 from states as diverse as California to New Hampshire. UnitedHealth had five. The most profitable insurer was Health Care Service Corp., a mutual company rated A-plus by TheStreet.com Ratings. It recorded $600 million in net income.

chart
Gavin Magor joined TheStreet.com Ratings in 2008, and is the senior analyst responsible for assigning financial strength ratings to health insurers and supporting other health care-related consumer products, including Medicare supplement insurance, long-term care insurance and elder care information. He conducts industry analysis in these areas. He has more than 20 years' international experience in credit risk management, commercial lending and analysis, working in the U.K., Sweden, Mexico, Brazil and the U.S. He holds a master's degree in business administration from The Open University in the U.K.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
WLP $136.01 1.43%
UNH $122.00 0.00%
HUM $191.28 0.00%
YHOO $39.29 0.00%
AAPL $125.42 0.00%

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.11 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs