| | Business Summary | | Aetna
Inc.,
incorporated
in
December
1982,
is
a
health
benefits
company
whose
business
operations
are
conducted
in
the
Health
Care,
Group
Insurance
and
Large
Case
Pensions
segments.
On
December
13,
2000,
the
Company
was
spun
off,
with
the
remaining
entity
merged
into
a
subsidiary
of
ING
Groep
N.V.
The
Health
Care
segment
consists
of
health
and
dental
benefit
products
including
health
maintenance
organization,
point-of-service,
preferred
provider
organization
and
indemnity
products,
and
group
insurance
products
including
life,
disability
and
long-term
care
insurance
products.
The
Group
Life
Insurance
segment
consists
principally
of
renewable
term
coverage,
the
amounts
of
which
may
be
fixed
or
linked
to
individual
employee
wage
levels.
Large
Case
Pensions
manages
a
variety
of
retirement
products,
including
pension
and
annuity
products,
offered
to
qualified
defined
benefit
and
contribution
plans. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Aetna
Inc.
is
a
health
benefits
company
whose
business
operations
are
conducted
in
the
Health
Care,
Group
Insurance
and
Large
Case
Pensions
segments.
For
the
six
months
ended
6/30/01,
total
revenues
fell
4%
to
$12.97
billion.
Net
loss
from
continuing
operations
before
accounting
change
totaled
$38.1
million
vs.
an
income
of
$185
million.
Results
reflect
decreased
health
care
premiums
and
higher
medical
costs
in
both
Commercial
and
Medicare
HMO
products. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Rowe, M.D., 56
Chairman,
Pres, CEO | $4.0M | Alan Bennett, 50
Interim
CFO, Controller | -- | L. Edward Shaw, Jr., 56
Exec.
VP, Gen. Counsel | 1.7M | Ronald Williams
Exec.
VP and Chief of Health Operations | -- | Wei-Tih Cheng, Ph.D., 55
Sr.
VP, CIO | -- | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/a/aet.gif)