Aetna

Aetna is one of the leading diversified health care benefits company. The history of Aetna can be traced back to 19th century. Aetna Insurance Company organized an Annuity Fund to sell life insurances in 1850. In 1853, the Annuity department separated from Aetna Insurance and was incorporated as Aetna Life Insurance Company. Aetna grew throughout the 19th and 20th century. Aetna logo was formed in 1904. In 1953 Aetna celebrated its centennial. Aetna performed important tasks in the health field and helped the society. By 2004, Aetna achieved a company high of $1 billion. In 2005, Aetna grew largely following a series of strategic acquisitions.
Aetna has the tagline “We Want You To Know”. The mission of Aetna is to help people achieve health and financial security. This is done by providing easy access to safe, cost-effective, high-quality health care and protecting finances of people against health-related risks. Banking on their 150 year old heritage, Aetna aims to be a leader cooperating with doctors, hospitals, employers, patients, public officials, etc. to build a stronger, more effective health care system.

The areas of operation of Aetna are:

• Health Care
• Dental
• Pharmacy
• Group Life
• Disability
• Long-term care insurance
• Employee Benefits

Aetna HealthFund line of products including HAS, HRA and RRA options are leaders in respective fields.

Key Statistics:

• Aetna holds assets worth $44,364.6 millions in 2006.
• $22.5 billions revenues were earned in 2005. Profits of $1634.5 millions are made in 2006. There have been -27.2% changes from 2004.
• Aetna has employee strength of 30,299.
• Aetna operates in 50 states of the United States of America.

Looking at the organizational structure of Aetna, one finds that diversity is their core value. They employ numerous colored employees and women employees. Aetna’s employee networks are:

• Aetna African American Employee Network (AAEN)
• Aetna Hispanic Network (AHN)
• Aetna Network of Gay, Lesbian, Bisexual and Transgender Employees (Angle)
• Aetna Women’s Network (AWN)
• Aetna Working Mothers’ Network (AWMN)
• Asian-American Network (AsiaNet)

These networks work in tandem with the senior management, attain career building skills and share their common culture.

International Ranking

• Aetna ranks 183 in the 2006 list of Forbes Magazine.
• Aetna ranks 271 in the Fortune Global 500 rankings 2006.
• Aetna was ranked No. 2 in the health care category in Fortune magazine's 2006 Most Admired Companies list.

The subsidiary units or companies of Aetna are:

• ActiveHealth Management
• Strategic Resource Company
• The Chickering Group

Along with, Aetna has a network of physicians Aexcel, Aetna HealthFund, and also serves individuals and Medicare beneficiaries in certain markets.

Recent Acquisition

In 2005, Aetna completed a series of strategic acquisitions which include:

• Strategic Resource Company (SRC)
• ActiveHealth Management, and
• HMS Healthcare

Headquarter Address:

Corporate Headquarters:
151 Farmington Avenue
Hartford, CT 06156
(860) 273-0123
USA
Website URL: www.aetna.com