Aetna reported a $215 million after-tax cost for restructuring in a filing with the Securities and Exchange Commission Tuesday. The same filing said that Aetna’s full-year profits fell 5 percent compared to 2015.
The press release said the drop was “primarily due” to the cost of a voluntary early retirement incentive and costs related to a proposed merger with Humana that was recently blocked by the U.S. Dept. of Justice.
Full-year net income was $2.3 billion compared with $2.4 billion for full-year 2015. The fourth quarter net income was $139 million, or 39 cents a share, compared with $321 million a share, or 91 cents a share in the same period of 2015.
Excludi…
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