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Earnings Roundup / Aetna

Profit falls 57% on investment losses

February 13, 2009|Times Wire Reports

Aetna Inc., the third-largest U.S. health insurer, reported a 57% drop in profit because of investment losses and expenses for eliminating jobs.

The Hartford, Conn., company maintained its earnings forecast for the year, saying it expected to add customers.

Fourth-quarter net income fell to $194.7 million, or 42 cents a share, from $448.4 million, or 87 cents, a year earlier.

Its shares rose 82 cents to $33.06.

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