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
Now Showing: Controls & Procedures

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
Analysts, Can You Relate? A True Story

Monday, November 19, 2018
Digging Up Historical Trend Data: Quest Example

Sunday, November 11, 2018
Cost of Revenue, SG&A: Q3 Update

Monday, November 5, 2018
Lease Accounting: FedEx vs. UPS

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

Wednesday, October 17, 2018
Interesting Data on Interest Income

Thursday, October 11, 2018
The Decline of Sears in Three Charts

Archive  |  Search:
2017 Numbers for Major Health Insurers
Tuesday, March 20, 2018

Given the continuing debate in the United States about healthcare policy, from time to time Calcbench likes to review the financial data of large health insurers. We last looked at the data in August 2017. What’s changed since then?

Well, we looked at revenue, operating income, and operating expense for eight larger insurers for both 2016 and 2017. As a whole group, those eight are doing reasonably well: higher revenue, operating income, and operating cash flows; also higher operating expenses, but a much smaller increase than our first three numbers. Take a look.

That said, some specific companies in our population of eight had less stellar numbers. Molina Healthcare, for example, saw its operating income swing from $306 million in 2016 to a $555 million loss in 2017. (No wonder Molina named a new CEO last fall, and picked someone from outside the company.) Aetna’s operating income and operating cash flow both turned negative. Centene had the same issue, but that company was still digesting its 2016 acquisition of Health Net so we might chalk up some of that to integration headaches.

You can see the full breakdown in the following four charts.

Figure 1— revenue.

Figure 2— operating income.

Figure 3— operating cash flows.

Figure 4— operating expenses.

So what does that tell us about healthcare in this country? Well, the Affordable Care Act clearly isn’t bankrupting these eight publicly traded insurers, and that’s one important snapshot of data to consider during our healthcare policy debates.

FREE Calcbench Premium
Two Week Trial

Research Financial & Accounting Data Like Never Before. More features and try our Excel add-in. Sign up now to try the Premium Suite.