Highline Data Analysis Shows Revenue for Health Insurance Industry Groups Grew in 2007

CAMBRIDGE, Mass., July 15 /PRNewswire/ -- Total Revenue for the five largest health insurance industry groups increased by an average of 6.3 percent in 2007, according to an analysis by Highline Data.

The Health Industry Group Report compared the statutory financial state of 110 health industry groups and 354 non-affiliated companies to the Health Industry Aggregate, known as HCOMP. The report also reviewed the financial state of the 15 publicly traded health industry groups.

According to the data, the five largest groups based on total revenue reported to the National Association of Insurance Commissioners (NAIC) and the California Department of Managed Health Care were WellPoint, Inc., the Kaiser Family Foundation, UnitedHealth Group, Health Care Services Corporation and Aetna. Among them, net premiums written grew an average of nearly 6 percent even as total members declined by almost 2 percent. Total revenue and net premiums written for the health industry as a whole grew 8.7 percent and 8.5 percent, respectively.

The five largest publicly traded groups by total revenue reported to the Securities and Exchange Commission -- UnitedHealth Group, WellPoint, Inc., Aetna, Humana, Inc. and the CIGNA Corporation -- saw an average total revenue increase of 9.4 percent in 2007.

Highline Data calculates Group data using statements submitted by individual filers to the National Association of Insurance Commissioners and the California Department of Managed Health Care. This bottom-up approach enables Highline Data experts to remove any data duplications due to intra- group ownership or intra-group transactions for the most accurate Groups on the market.

All of the data included in the report is available through Highline Data's flagship product, Insurance Analyst PRO. Insurance Analyst PRO is the financial sector's premier online resource for insurance industry data retrieval and analysis. With NAIC data back to 1995 and SEC data back to 2002, Insurance Analyst PRO is the most comprehensive insurance data resource available today. Supported by powerful analytics, unsurpassed reporting capabilities, and seamless integration among datasets, Insurance Analyst PRO is an indispensable tool for financial and insurance professionals.

The following tables are based on the 2007 Highline Data Health Industry Aggregate (HCOMP) and the 2007 Highline Data Health Industry Group Report.

    Key Figures from HCOMP, the Highline Data Industry Aggregate
                                               Health Industry Aggregate
                                                     2007          % Change

    Total Revenues                          404,731,085,044           8.7%
    Net Premiums                            401,152,979,783           8.5%
    Net Investment Income                     6,310,624,085           8.5%
    Net Income                               16,827,406,011           3.1%
    Total Members                               211,956,356           5.4%
    Total Member Months                       2,338,082,230           8.1%
    Premiums PMPM                                   171.574          0.38%

Top Performing Health Insurance Groups by Total Revenues reported to the NAIC in 2007 (Calculated by Highline Data)

                               WellPoint         Kaiser Foundation
                             2007    % Change       2007    % Change

    Total Revenues     48,756,198,135   7.8%  36,009,258,000   9.9%
    Net Premiums       48,378,104,761   7.2%  35,309,231,000   9.7%
    Net Investment
     Income               714,640,382 -36.6%     577,709,000  32.0%
    Net Income          3,287,136,598 -11.3%   2,244,036,000  66.0%
    Total Members          18,078,520  -0.2%       6,793,480   0.5%
    Total Member
     Months               217,544,827   1.3%      81,493,775   1.4%
    Premiums PMPM             222.382   5.8%         433.275  8.21%


                           UnitedHealth            HCSC Group
                           2007      % Change       2007      % Change

    Total Revenues   32,390,794,270    3.9%   14,774,763,863   10.0%
    Net Premiums     32,459,052,781    3.8%   14,630,475,296    8.7%
    Net Investment
     Income             489,790,356   19.3%      289,166,763   10.3%
    Net Income        1,937,136,960   16.7%      876,031,240  -22.3%
    Total Members        14,553,116   -2.1%        4,784,450   -2.6%
    Total Member
     Months             164,547,214   -0.5%       58,571,094    3.5%
    Premiums PMPM           197.263   4.35%         249.790    5.07%


                              Aetna Group
                           2007      % Change

    Total Revenues    1,992,954,059    0.1%
    Net Premiums      1,991,145,227    0.2%
    Net Investment
     Income             122,956,000    4.3%
    Net Income          676,880,337   52.6%
    Total Members         4,780,200   -3.9%
    Total Member
     Months              57,897,005   -6.0%
    Premiums PMPM           207.112   6.52%

Top Performing Health Insurance Groups by Total Revenues reported to the SEC in 2007 (Dollar amounts are in thousands.)

                      UnitedHealth          WellPoint             Aetna
                      2007   % Change    2007    % Change     2007    % Change

    Total Revenues 75,431,000   5.4%  61,134,300     7.3%  27,599,600     9.8%
    Total Policy
     Income        68,781,000   4.7%  55,865,000     7.5%  23,479,400    11.2%
    Total Policy
     Expenses      55,435,000   4.0%  46,036,100     9.0%  19,542,900    10.9%
    Net Investment
     Income                 -     -    1,001,100    13.9%   1,149,900    -1.3%
    Realized
     Gain/Loss on
     Securities             -     -       11,200  3833.3%     -73,700  -328.9%


                                            Humana               CIGNA
                                        2007   % Change     2007     % Change

    Total Revenues                   25,289,989 18.10%   17,623,000     6.5%
    Total Policy Income              24,434,347 17.90%   15,008,000    10.0%
    Total Policy Expenses            20,270,531 16.40%   10,199,000    10.1%
    Net Investment Income               314,239  7.70%    1,114,000    -6.8%
    Realized Gain/Loss on Securities          -     -        15,000   -93.2%

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