Becker's Healthcare May 3, 2024
Two payers reported losses in the first quarter of 2024.
UnitedHealth Group, the largest insurer by revenue, reported a $1.4 billion loss in the first quarter due to the Change Healthcare cyberattack. Cigna reported a $277 million loss, driven by decline in value of VillageMD.
Here’s what the largest payers reported in revenue and income in the first quarter of 2024:
Revenue: $99.8 billion, up 9% year over year
Net loss: $1.4 billion, down 125% year over year
UnitedHealthcare
Revenue: $75.4 billion, up 7%
Operating income: $4.4 billion, up 2%
Revenue: $88.4 billion, up 4%
Net income: $1.1 billion, down 48%
Aetna
Revenue: $32.2 billion, up...
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