In Q2, UnitedHealth Group topped the ranking of major payers with a $5.5 billion net income and $92.9 billion revenue. CVS Health followed with a $1.9 billion net income and $88.9 billion revenue. Elevance Health, Cigna Group, Centene, and Humana also showed strong financial performance during the quarter.
Below is a breakdown of the second-quarter earnings reports for the leading payers in the nation. Becker’s has thoroughly analyzed their financial performance both as individual companies and within their respective health benefits segments. Here is the ranking based on their Q2 profits:
1. UnitedHealth Group
– Total Revenue: $92.9 billion
– Net Income: $5.5 billion
UnitedHealthcare
– Total Revenue: $70.2 billion
– Operational Earnings: $4.4 billion
2. CVS Health
– Total Revenue: $88.9 billion
– Net Income: $1.9 billion
Aetna
– Total Revenue: $26.7 billion
– Operating Income: $1.2 billion
3. Elevance Health
– Total Revenue: $43.7 billion
– Net Income: $1.85 billion
Health Benefits Segment
– Operating Income: $2.1 billion
4. Cigna Group
– Total Revenue: $48.6 billion
– Net Income: $1.5 billion
Cigna Healthcare (Insurance)
– Total Revenue: $12.7 billion
– Operating Income: $1.1 billion
5. Centene
– Total Revenue: $37.6 billion
– Net Income: $1.06 billion
6. Humana
– Total Revenue: $26.7 billion
– Net Income: $959 million
Insurance Segment
– Total Revenue: $25.9 billion
– Operating Income: $1.03 billion
These rankings provide valuable insights into the financial strength and performance of these major payers during the second quarter.