(Bloomberg) -- Aetna Inc., the U.S.’s third-biggest health insurer by enrollment, posted operating profit that beat analysts’ expectations after the company spent less on medical care than a year ago.
In the fourth quarter, net income rose 38 percent to $321 million, or 91 cents a share, from $232 million, or 65 cents a share, a year before, the company said in a statement on Monday. Operating earnings were $1.37 a share, compared with the $1.21 average of analysts’ estimates.
One of Aetna’s biggest lines of business is Medicare, where it runs private-sector plans to care for the elderly.
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