Aetna 2008 Annual Report Download - page 92

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Quarterly Data (Unaudited)
(Millions, except per share and common stock data) First Second Third Fourth
2008
Total revenue 7,738.7$ 7,828.1$ 7,624.6$ 7,759.3$
Income from continuing operations before income taxes 660.5$ 735.9$ 422.7$ 355.1$
Income taxes (228.9) (255.4) (145.4) (160.4)
Net income 431.6$ 480.5$ 277.3$ 194.7$
Net income per share - basic
(1)
.87$ 1.00$ .59$ .42$
Net income per share - diluted
(1)
.85 .97 .58 .42
Dividends declared per share -$ -$ .04$ -$
Common stock prices, high 59.19 47.49 44.11 37.43
Common stock prices, low 42.09 39.59 34.41 17.68
2007
Total revenue 6,700.0$ 6,793.9$ 6,961.3$ 7,144.4$
Income from continuing operations before income taxes 663.9$ 688.6$ 759.3$ 684.6$
Income taxes (229.3) (237.3) (262.6) (236.2)
Net income 434.6$ 451.3$ 496.7$ 448.4$
Net income per share - basic
(1)
.84$ .88$ .98$ .90$
Net income per share - diluted
(1)
.81 .85 .95 .87
Dividends declared per share -$ -$ .04$ -$
Common stock prices, high 46.32 53.27 54.27 59.76
Common stock prices, low 40.89 44.19 46.95 52.85
(1) Calculation of net income per share is based on weighted average shares outstanding during each quarter and, accordingly, the sum
may not equal the total for the year.
Corporate Performance Graph
The following graph compares the cumulative total shareholder return on our common stock (assuming reinvestment
of dividends) with the cumulative total return on the published Standard & Poor’ s 500 Stock Index (“S&P 500”) and
the cumulative total return on the published Morgan Stanley Healthcare Payors Index (“MSHPI”) from December
31, 2003 through December 31, 2008. The graph assumes a $100 investment in shares of our common stock on
December 31, 2003.
Cumulative Total Return From December 31, 2003 to December 31, 2008 of Aetna
Common Stock, S&P 500 and MSHPI
-
100
200
300
400
Index Value
Aetna Inc.
S&P 500
MSHPI (1)
Aetna Inc. $100.00 184.66 279.33 256.03 342.54 169.22
S&P 500 100.00 110.88 116.31 134.68 142.07 87.38
MSHPI (1) 100.00 146.26 200.55 213.93 248.60 112.37
2003 2004 2005 2006 2007 2008
(1) At December 31, 2008, the companies included in the MSHPI were: Aetna Inc., Amerigroup Corporation, Centene Corporation,
CIGNA Corporation, Coventry Health Care, Inc., Health Net, Inc., Humana Inc., Molina Healthcare, Inc., UnitedHealth Group
Incorporated, Wellcare Health Plans Inc. and Wellpoint, Inc.
Shareholder returns over the period shown on the corporate performance graph should not be considered indicative
of future shareholder returns.
Annual Report - Page 87