Although some insurance company executives say they are now using analytics, others say they’re still on the fence about it or only beginning to explore its possibilities.
Aetna says its fourth-quarter earnings sank 49 percent as the health insurer paid more in medical claims and saw several other expenses rise.
The insurer earned $190.1 million, or 56 cents per share, in the three months that ended Dec. 31. That's down from the $372.6 million, or $1.02 per share, a year earlier. Total revenue climbed 16 percent to $9.93 billion.
Adjusted earnings totaled 94 cents per share. Analysts forecast 97 cents per share on about $8.89 billion in revenue.
The company's health care costs climbed 9 percent to $6.12 billion in the quarter, while its total benefits and expenses jumped 21 percent.
Aetna Inc. is the third-largest commercial health insurer based on enrollment, trailing WellPoint Inc. and UnitedHealth Group Inc.
Aetna is based in Hartford, Conn.