Aetna Insurance Review
Aetna, Inc.
151 Farmington Ave.
Hartford, CT 06156
Summary:
Aetna’s primary focus is health care. Over 14 million people are
covered by Aetna’s healthcare plans, while 12 million are
serviced by their dental plans. Plus, 13 million people are
members of Aetna’s group insurance plans.
Types of Insurance Offered:
Aetna’s healthcare division offers HMOs, PPOs, and POS (Point of
Service) plans, along with Health Savings Accounts. Aetna also
provides policies covering dental, vision, and behavioral health
services. For those who qualify, they even offer Medicare plans.
For business owners, Aetna also offers group life, disability,
and long term care plans.
Business Information:
Aetna is a public company represented by the NYSE symbol “AET.”
In 2004, Aetna reported 19.9 billion dollars in sales, which was
a 10.7 percent growth from the previous year. Aetna also
reported 2 billion dollars in net income, which is a 140% growth
from the previous year.
Aetna has over 26,700 employees and a number of subsidiary
companies like Active Health Management, Incorporated and Aetna
Life Insurance Company. It is ranked #108 in the Fortune 500 and
#255 in the FT Global 500. Aetna is also a member of the S&P
500.
Ratings:
A.M. Best: A- (Stable)
Awards:
#2 on Fortune’s Most Admired Companies list (2005)
#42 on Training Magazine’s Top 100 Training Companies list
(2005)
HERA Award by American Health Insurance Plans (2001)
“Stevie” Award for best business turnaround (2004)
#28 on Business Ethics’ 100 Best Corporate Citizen’s list (2004)
Competition:
Aetna’s main competitors are Blue Cross/Blue Shield, Cigna, and
United Health Group. Though all of these companies insure
millions of people, Aetna sets itself apart by offering strong
training and a focus on ethical standards. With offices around
the U.S., Aetna’s services are easy to find. If you are looking
for a company that has a lot of diversity in its workforce,
Aetna is a leader in promoting and offering programs for
workforce diversity. It also has a strong community focus, and
gives back to the communities it services.
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