Aetna 2005 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2005 Aetna annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 50

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50

4
As we headed into 2005, we knew it was going to be a critical
year for Aetna. While we were happy to celebrate the completion
of Aetna’s remarkable turnaround – which we actually did with
an employee rally called “March Forth” – we recognized that,
in fact, the hard work had just begun. We needed to demonstrate
to shareholders we could continue to profitably grow
Aetna’s business with a value proposition that differentiated us
from the competition.
In last year’s annual report, we said our plan was to listen to our
customers, seek innovative ways to give them the information
they need, and work with others to build a stronger health care
system. We said if we did those things and responded to
opportunities in the marketplace, we would continue to deliver
top-tier financial performance for our shareholders.
We are happy to report that, by almost any measure, 2005 was
another successful year for Aetna.
ACHIEVING PROFITABLE GROWTH
With the collective energy of 28,000 committed Aetna employees,
we implemented Aetna’s strategy for profitable growth and
produced solid results:
■For 2005, Aetna’s revenue increased 13 percent to $22.5 billion,
from the $19.9 billion we reported for 2004.
■We increased medical membership by more than 1 million
members, an increase of 8 percent for the year. Membership
came from each of our customer markets, including National
Accounts, Middle Markets and Small Group, and across all
geographies. At the end of 2005, medical membership stood
at 14.8 million.
More than 50 percent
of January 1, 2006,
National Accounts
sales included two or
more Aetna products.
We are happy to report that, by almost any measure,
2005 was another successful year for Aetna.
$22.5 billion
2005 year-end revenue
13%
Increase in revenue
from 2004