November 10, 2008 11:49 AM
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Health-Insurance Q3 Data Snapshot: Market Cap and Overall Membership
(MoneyWatch) Having spent a fair amount of time scratching through the financial statements of the industry's largest health-insurance companies, I figured it couldn't hurt to put together a few quick snapshots of how UnitedHealth Group, WellPoint and other giants are faring on a fundamental basis.
First up is a simple ranking of insurers by market capitalization -- roughly the total value of each company. Just to give a sense of how dramatically these companies' prospects have declined over the past year, I've also thrown in the year-over-year change in share prices at these companies, which should serve as a rough proxy for the decline in overall worth of the sector. (Market cap and share-price comparisons taken as of Oct. 31.)
Largest managed-care companies by market capitalization:
Next: Largest health insurers by membership
First up is a simple ranking of insurers by market capitalization -- roughly the total value of each company. Just to give a sense of how dramatically these companies' prospects have declined over the past year, I've also thrown in the year-over-year change in share prices at these companies, which should serve as a rough proxy for the decline in overall worth of the sector. (Market cap and share-price comparisons taken as of Oct. 31.)
Largest managed-care companies by market capitalization:
| Company | Market Cap | %Change |
| UnitedHealth Group | $28.3 billion | -52% |
| WellPoint | $19.5 billion | -50% |
| Aetna | $11.5 billion | -54% |
| Humana | $4.9 billion | -59% |
| Cigna | $4.2 billion | -67% |
| Coventry | $1.9 billion | -78% |
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David Hamilton is the assistant managing editor of CNET News. He has been writing and editing business and tech coverage for about two decades -- the majority of that at the Wall Street Journal in both Tokyo and San Francisco.
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