Major Insurers Get Financial Boost From COVID-19

Publicly traded health insurers had unusually strong financial performances during the second quarter of 2020, mainly driven by a reduction in health care utilization due to the coronavirus pandemic. Six leading health insurers — CVS Health Corp.’s Aetna, Anthem, Inc., Centene Corp., Cigna Corp., Humana Inc. and UnitedHealth Group — all saw net income growth compared with the second quarter of last year. Among them, four insurers’ commercial membership decreased, while all but Cigna’s Medicaid enrollment grew year over year in the quarter.

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