Aetna's Q2 profit rises by 2.4%

Health insurer Aetna, headquartered in Hartford, Conn., has reported net income of $548.8 million for the second quarter of 2014, a 2.4 percent increase over the $536 million the company reported for the same quarter in 2013.

The company's operating earnings rose to $610 million — a 5 percent increase from the second quarter of 2013.

"Aetna reported solid results across multiple business lines this quarter, achieving record results for medical membership of 23.1 million members and operating revenues of $14.5 billion," said Mark T. Bertolini, chairman, president and CEO of Aetna, in a news release. 

Based on Aetna's second-quarter performance, the company raised its projection for 2014 operating earnings per share to a range of $6.45 to $6.60 from its previous projection of $6.35 to $6.55 per share.

"We are pleased with our second-quarter operating results, which were supported by strong operating revenue growth and cash flow, as well as solid operating margins," said Shawn M. Guertin, executive vice president and CFO of Aetna, in the release.

More articles on Q2 reports:

LifePoint Hospitals posts $39M profit for Q2
Universal Health Services reports 0.1% decline in Q2 profit
Sovaldi generates $3.48B in Q2 sales