Aetna profit falls on costs and legal settlement

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Aetna profit falls on costs and legal settlement

(Reuters) - Aetna Inc fourth-quarter earnings fell sharply, the health insurer said on Thursday, as costs rose in parts of its employer-based insurance business and it took charges for settling litigation over out-of-network payments. The company said Chief Financial Officer Joseph Zubretsky will lead a new business internally. His CFO slot will be filled by Shawn Guertin, who has been with Aetna since 2011 and was previously CFO of Coventry Health Care Inc , which Aetna is buying. The Hartford, Connecticut company announced plans in August for the $5. ...

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