Aetna (NYSE: AET) today announced third-quarter 2012 operating earnings (1) of $523.2 million, or $1.55 per share, a per share increase of 11 percent over the third quarter of 2011. Net income for the third quarter of 2012 was $499.2 million, or $1.47 per share, and includes a $.07 per share loss on the early extinguishment of long-term debt, $.04 per share of transaction-related costs associated with the proposed acquisition of Coventry Health Care, Inc. and $.03 per share of net realized capital gains.
|Third-Quarter Financial Results at a Glance|
|(Millions, except per share results)||2012||2011||Change|
|Operating earnings (1)||523.2||528.4||(1||)%|
|Per share results:|
|Operating earnings (1)||1.55||1.40||11||%|
|Weighted average common shares - diluted||338.6||376.8|
“Aetna's strong performance in the third quarter is the result of our diversified business model, and demonstrates the rigor with which we manage our operations,” said Mark T. Bertolini, Aetna chairman, CEO and president. “We've achieved our full-year medical membership guidance level of approximately 18.2 million medical members and remain focused on a disciplined balance between profitability and growth.