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Differences in Earnings Releases and 10-Ks

Wednesday, January 16, 2019
The Importance of Textual Analysis

Tuesday, January 8, 2019
A Look at Climate Change Disclosures

Wednesday, January 2, 2019
Quants: Point-in-Time Data for Backtesting

Friday, December 28, 2018
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Thursday, December 27, 2018
A Reminder on Non-GAAP Reporting Rules

Monday, December 17, 2018
Researching PG&E’s Wildfire Risk

Wednesday, December 12, 2018
Tracking Brexit Disclosures

Thursday, December 6, 2018
Campbell Soup: Looking Behind the Label

Sunday, December 2, 2018
SEC Comment Letters: The Amazon Example

Wednesday, November 28, 2018
Measuring Big Pharma’s Chemical Dependency

Monday, November 26, 2018
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Monday, November 19, 2018
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Sunday, November 11, 2018
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Monday, November 5, 2018
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Saturday, November 3, 2018
New Email Alerting Powers

Wednesday, October 31, 2018
PTC and Two Tales of Revenue

Tuesday, October 30, 2018
10-K/Q Section Text Change Detection

Sunday, October 28, 2018
Finding Purchase Price Allocation

Sunday, October 21, 2018
Charting Netflix Growth in Three Ways

Archive  |  Search:
3 Year Profitability of Health Insurers
Thursday, August 18, 2016

At Calcbench, we are constantly striving to show how our data can help people reach make more informed decisions.

Given all of the recent news about the Affordable Care Act and insurance firms, we thought it worth the time to do a cursory analysis of health care insurance firms and check their profitability levels. The results are below.

In 2013 the top 10 firms in our list had revenues of $354 billion dollars and an operating income of $21 billion.

In 2014 the same 10 firms in our list had revenues of $400 billion dollars and an operating income of $24 billion.

In 2015 the same 10 firms had revenues of $457 billion dollars and an operating income of $27.5 billion.

So from a purely objective financial analysis, the firms are making more money than in the past.

The ten firms in order of 2015 Revenue (largest to smallest) are:

Company Revenue (USD B) Operating Income (USD B)
United Health 157.1 11.0
Anthem 79.1 4.6
Aetna 60.3 4.2
Humana 54.3 2.3
Cigna 37.8 3.3
Centene 22.8 0.7
Health Net 16.2 0.5
Molina Healthcare 14.2 0.4
Wellcare Health Plans 13.9 0.3
Universal American 1.5 0.01

We do this analysis using the tools on Calcbench, specifically, our Excel Add-In

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