Highline Data Analysis Shows Revenue for Health Insurance Industry Groups Grew in...

Highline Data Analysis Shows Revenue for Health Insurance Industry Groups Grew
in 2007

CAMBRIDGE, Mass., July 15 /PRNewswire/ -- Total Revenue for the five
largest health insurance industry groups increased by an average of 6.3
percent in 2007, according to an analysis by Highline Data.
The Health Industry Group Report compared the statutory financial state of
110 health industry groups and 354 non-affiliated companies to the Health
Industry Aggregate, known as HCOMP. The report also reviewed the financial
state of the 15 publicly traded health industry groups.
According to the data, the five largest groups based on total revenue
reported to the National Association of Insurance Commissioners (NAIC) and the
California Department of Managed Health Care were WellPoint, Inc., the Kaiser
Family Foundation, UnitedHealth Group, Health Care Services Corporation and
Aetna. Among them, net premiums written grew an average of nearly 6 percent
even as total members declined by almost 2 percent. Total revenue and net
premiums written for the health industry as a whole grew 8.7 percent and 8.5
percent, respectively.
The five largest publicly traded groups by total revenue reported to the
Securities and Exchange Commission -- UnitedHealth Group, WellPoint, Inc.,
Aetna, Humana, Inc. and the CIGNA Corporation -- saw an average total revenue
increase of 9.4 percent in 2007.
Highline Data calculates Group data using statements submitted by
individual filers to the National Association of Insurance Commissioners and
the California Department of Managed Health Care. This bottom-up approach
enables Highline Data experts to remove any data duplications due to intra-
group ownership or intra-group transactions for the most accurate Groups on
the market.
All of the data included in the report is available through Highline
Data's flagship product, Insurance Analyst PRO. Insurance Analyst PRO is the
financial sector's premier online resource for insurance industry data
retrieval and analysis. With NAIC data back to 1995 and SEC data back to
2002, Insurance Analyst PRO is the most comprehensive insurance data resource
available today. Supported by powerful analytics, unsurpassed reporting
capabilities, and seamless integration among datasets, Insurance Analyst PRO
is an indispensable tool for financial and insurance professionals.
The following tables are based on the 2007 Highline Data Health Industry
Aggregate (HCOMP) and the 2007 Highline Data Health Industry Group Report.

Key Figures from HCOMP, the Highline Data Industry Aggregate
Health Industry Aggregate
2007 % Change

Total Revenues 404,731,085,044 8.7%
Net Premiums 401,152,979,783 8.5%
Net Investment Income 6,310,624,085 8.5%
Net Income 16,827,406,011 3.1%
Total Members 211,956,356 5.4%
Total Member Months 2,338,082,230 8.1%
Premiums PMPM 171.574 0.38%

Top Performing Health Insurance Groups by Total Revenues reported to the
NAIC in 2007 (Calculated by Highline Data)
WellPoint Kaiser Foundation
2007 % Change 2007 % Change

Total Revenues 48,756,198,135 7.8% 36,009,258,000 9.9%
Net Premiums 48,378,104,761 7.2% 35,309,231,000 9.7%
Net Investment
Income 714,640,382 -36.6% 577,709,000 32.0%
Net Income 3,287,136,598 -11.3% 2,244,036,000 66.0%
Total Members 18,078,520 -0.2% 6,793,480 0.5%
Total Member
Months 217,544,827 1.3% 81,493,775 1.4%
Premiums PMPM 222.382 5.8% 433.275 8.21%

UnitedHealth HCSC Group
2007 % Change 2007 % Change

Total Revenues 32,390,794,270 3.9% 14,774,763,863 10.0%
Net Premiums 32,459,052,781 3.8% 14,630,475,296 8.7%
Net Investment
Income 489,790,356 19.3% 289,166,763 10.3%
Net Income 1,937,136,960 16.7% 876,031,240 -22.3%
Total Members 14,553,116 -2.1% 4,784,450 -2.6%
Total Member
Months 164,547,214 -0.5% 58,571,094 3.5%
Premiums PMPM 197.263 4.35% 249.790 5.07%

Aetna Group
2007 % Change

Total Revenues 1,992,954,059 0.1%
Net Premiums 1,991,145,227 0.2%
Net Investment
Income 122,956,000 4.3%
Net Income 676,880,337 52.6%
Total Members 4,780,200 -3.9%
Total Member
Months 57,897,005 -6.0%
Premiums PMPM 207.112 6.52%

Top Performing Health Insurance Groups by Total Revenues reported to the
SEC in 2007 (Dollar amounts are in thousands.)
UnitedHealth WellPoint Aetna
2007 % Change 2007 % Change 2007 % Change

Total Revenues 75,431,000 5.4% 61,134,300 7.3% 27,599,600 9.8%
Total Policy
Income 68,781,000 4.7% 55,865,000 7.5% 23,479,400 11.2%
Total Policy
Expenses 55,435,000 4.0% 46,036,100 9.0% 19,542,900 10.9%
Net Investment
Income - - 1,001,100 13.9% 1,149,900 -1.3%
Realized
Gain/Loss on
Securities - - 11,200 3833.3% -73,700 -328.9%

Humana CIGNA
2007 % Change 2007 % Change

Total Revenues 25,289,989 18.10% 17,623,000 6.5%
Total Policy Income 24,434,347 17.90% 15,008,000 10.0%
Total Policy Expenses 20,270,531 16.40% 10,199,000 10.1%
Net Investment Income 314,239 7.70% 1,114,000 -6.8%
Realized Gain/Loss on Securities - - 15,000 -93.2%

About Summit Business Media
Summit Business Media was formed through Wind Point Partners' acquisition
of Highline Media and Pfingsten Publishing in November 2006. Together, these
units publish the insurance titles National Underwriter Property/Casualty and
Life/Health weeklies, Life Insurance Selling, Agent Sales Journal, American
Agent & Broker, Claims, Tech Decisions, Insurance Advocate and Florida
Underwriter, and the financial titles Mortgage Originator, Wealth Manager,
Research and Futures. In July 2007, the Company acquired Wicks Business
Information, and added Investment Advisor, Credit Union Times, Inside Counsel
and Treasury & Risk magazines, thus expanding its footprint in the financial
industry to the legal and accounting markets as part of its growth into the
professional services marketplace. The Company also publishes the reference
tools TaxFacts and Fire, Casualty and Surety Bulletins, and, through its
Highline Data unit, financial and market information on insurers and company
benefit plans. Summit also sponsors the international Investment Conferences
on global mining investment, a dozen conference events affiliated with its
magazine brands, and via its Executive Enterprises unit, more than 100
professional education seminars annually.
Summit is also one of the leading organizers of consumer art expositions
and providers of business-to-business information to the art market.
Additional information about Summit is available at
www.summitbusinessmedia.com.
SOURCE Highline Data

Regina Marie Glick of Highline Data, +1-201-526-1252, rglick@highlinedata.com