Ronald E. Compton became president of Aetna in 1988. Establishment by Prominent New England Lawyer: 1850s-60s. Divesting Global Health and Global Financial Services in 2000. Lynn implemented a policy of prudent retrenchment, selling subsidiaries that were not performing well and emphasizing Aetna's longstanding priority on insurance. The company would withdraw from the auto insurance business in 13 other states over the next few years. In 1924, Aetna also had acquired a third affiliate, the Standard Fire Insurance Company, which further strengthened its position. Brainard rapidly retrenched. The New York State Department of Financial Services hereby gives notice of the following public hearing: Subject: Application by CVS Health Corporation and CVS Pharmacy, Inc. for Approval of Acquisition of Control of Aetna Health Insurance Company of New York. The depression of 1857 further threatened the firm's financial stability, but Aetna survived in the face of multiple bank closings. Plagued by natural disasters and bad weather for the remainder of the year--the winter storms during the fourth quarter alone generated almost 18,000 claims totaling $118 million--as well as a $55 million charge for withdrawing its automobile insurance services from Massachusetts, the company saw its 1992 net income eroded to $56 million. In 1968 Aetna was first listed on the New York Stock Exchange. It began providing clearer information on coverage to both doctors and patients, speeded up payments, and reduced red tape. UNIVERSITY OF FLORIDA Aetna's existing health insurance operations were merged into U.S. Healthcare, which became an Aetna subsidiary and was renamed Aetna U.S. Healthcare Inc. A change of leadership in mid-1997 saw former banking executive Richard L. Huber named president and CEO, continuing the efforts to streamline Aetna and focus the company's manpower on what it had proven it does best. Financial well-being Intelligent solutions Counseling and Relationship Support Aetna Resources For Living services are available to you, all members of your household and your adult children up to the age of 26, regardless of your medical insurance coverage. Aetna Financial Services was founded in 1998. 2000 - Aetna sold its financial services and international businesses to ING Group for $7.7 billion, spun off its health business to its shareholders, thus focusing its business as an independent health and group benefits company. § 10-01.1-13) and is located at 600 E Boulevard Ave Dept 108, Bismarck, ND 58505-0500. This is the phone number for the Corporate Contact Center, they do not have access to member accounts but they can provide Aetna Member Services contact information. Time and Date: 10:00 a.m. on October 18, 2018. Earnings declined by 23 percent from the previous year, a downturn reflecting increased competition in the commercial property-casualty business, rising loss costs in auto and homeowners insurance lines, and losses in its highly competitive multinational corporations operations. Aetna also combined its financial services business units into Aetna Retirement Services. Search for other Financial Services in Buffalo on The Real Yellow Pages®. In February 1998 Huber was named chairman as well, succeeding the retiring Compton. Within this department, policyholders controlled their own funds and received dividends, but did not vote for the management of the company. Aetna does not provide financial services and makes no representations or warranties as to the quality of the information or services provided by MLPF&S. Enders resigned in 1879. Aetna Financial Services … AETNA FINANCIAL SERVICES, INC. is a Foreign Profit Corporation. Aetna passed back into family hands when Morgan G. Bulkeley, Eliphalet Bulkeley's son, took over leadership of the firm, a position he was to retain for the next 43 years. AETNA FINANCIAL SERVICES, INC. register office address is Single log-in. The American Medical Association was also against the deal, arguing that it would give Aetna too much power over physicians and be bad for consumers as well. While pulling out of the auto insurance market, the company was investing heavily in the growing field of managed healthcare insurance. In 1955, two years after Aetna's centennial, Brainard resigned the position of president to become Aetna's first chairman. Until then, Aetna and most other insurance companies had accepted interest-bearing notes as half payment for premiums. The affiliate's success, however, was not grounded in a solid financial base. Group disability policies were offered for the first time in 1919. US Federal EIN/TIN number of this company is 06-0858223. HARTFORD, CT 06156, 151 FARMINGTON AVE, RW61 The decline was reversed in the early 1970s, in part because of nationwide decreases in losses and increases in premiums and in part because of Aetna's move to control costs and concentrate on the most profitable lines of insurance. Cautious management kept the company solvent. The deal closed in April 1996. Company Number assigned to this company is 833532. Worklife Balance In the postwar years, Aetna continued to diversify cautiously. In mid-1994 Aetna took another hit: $1.75 billion charged toward loss reserves for the purpose of paying out pollution- and asbestos-related claims against policies written for large industrial businesses as long ago as the 1950s. Despite steadily increasing revenues, profits were falling, dropping from $901 million in 1997 to $848.1 million in 1998 to $716.9 million in 1999. After reporting a net loss of $279.6 million in 2001, the firm was profitable the following year before the effects of a charge taken because of a change in accounting principles. HARTFORD, CT 06156. Aetna also moved into the Philippines, where it was granted a license in 1995, to Latin America, where it invested $390 million in Brazil's Sul America Seguros in 1997, and to China, where it established two offices with the expectation that the country would soon be open to foreign insurance offices. I have got to surround myself with as able a group of men as I possibly can." Ordinary life insurance premiums remained almost steady during World War II, but group insurance rose dramatically, increasing overall premium income by almost 65 percent. In 1893 its charter was expanded, allowing the company to become a pioneer in the development of liability insurance. Hired away from Aetna rival WellPoint Health Networks, Williams was promoted to president of Aetna in May 2002. 1 in Managed Care,", Smart, Tim, and Richard A. Melcher, "The Floodwaters Rise Around Aetna,", Steinmetz, Greg, "Aetna Revamps, Taking a Charge of $1.28 Billion,", Treaster, Joseph B., "Aetna Agreement with Doctors Envisions Altered Managed Care,", Winslow, Ron, "Aetna to Acquire Prudential Health Unit,", Winslow, Ron, and Leslie Scism, "Aetna Agrees to Acquire U.S. Healthcare,", Winslow, Ron, Leslie Scism, and Elyse Tanouye, "Aetna Hopes for Breath of New Life from Acquisition,", Wojcik, Joanne, "Aetna's Shift to Health Focus Brings Struggles,". Following college, law school, and two years in a law firm, he joined Aetna as assistant treasurer, later becoming treasurer and then vice-president. . He streamlined procedures, regularized paperwork, and reduced the costs of doing business. We have no data about company previous names. In 1912 Aetna offered the first comprehensive auto policy, providing all kinds of auto insurance in one contract, and in 1913 a second Aetna affiliate was formed, the Automobile Insurance Company. In addition, Aetna modified its form of investor ownership to permit policyholders to control their own funds in a separate mutual department that operated within the overall management structure. What remained of Aetna--the company's international and financial services units--was acquired by ING for about $7.75 billion. Net income for 1991 was reported at only $505 million, the downturn aggravated by property claims resulting from Hurricane Bob. Bulkeley died in 1872 and was succeeded by Thomas O. Enders, who had served as both a clerk and secretary for the firm. The new approach worked. Aetna health plans cover about 13 million individuals, and its dental plans have nearly 11 million members. In addition, Aetna was forced to lower its 1982 statement of earnings by 39 percent, in response to a ruling by the Securities and Exchange Commission that disallowed Aetna's practice of booking future tax credits as current earnings. The marine division of the affiliate had expanded swiftly during the war years, but had exercised poor judgment in the selection of risks, especially following World War I, when solicitation of marine business should have been curtailed. The 1870s was a period of nationwide economic crisis, and Enders was hard-pressed to keep the firm alive, despite its earlier successes. The Texas Medical Association had opposed the deal, concerned that it would give Aetna too large a share of the market in those two cities. The company also began to curtail its expansion of personal property and casualty insurance markets in several states, and cut back personal mortgage insurance early in the decade. Company Number assigned to this company He was active in the state Republican Party his father had helped to form. Nationwide, the company's networks include more than 362,000 primary care and specialty physicians, 3,626 hospitals, more than 62,000 dental practices, and more than 62,000 participating pharmacies. Particularly ill-fated acquisitions were Geosource Inc., an oilfield services concern, and Satellite Business Systems, a communications firm. FT LAUDERDALE, FL 33394, SMITH KIRKPATRICK, ENGLISH DEPT. - 19TH FL The $2.97 billion charge translated into a net loss of $2.65 billion. In late February managed-care firm WellPoint Health Networks Inc. and the U.S. arm of the Dutch financial services giant ING Groep N.V. jointly approached Aetna about a $10.5 billion takeover. In an effort to retain customers lured away from insurance by mutual fund offerings, Aetna Life & Casualty began offering five mutual funds on the retail marketplace in September 1992. Principal Subsidiaries: Aetna Health Inc.; Aetna Health of California Inc.; Aetna Health of the Carolinas Inc.; Aetna Health of Illinois Inc.; Aetna Dental Inc.; Aetna Dental of California Inc.; Aetna Life Insurance Company; Aetna Health Insurance Company of Connecticut; Aetna Health Insurance Company of New York; Corporate Health Insurance Company; Aetna Health Administrators, LLC. Diversification Followed by Reorganization in the 1970s. Company mailing address is ING AMERICAS, %PAUL HOWELL Mounting pressure from shareholders led to Huber's sudden resignation that month. The war gave Aetna several opportunities to develop new types of insurance coverage. Efforts to enter the Mexican market after the passage of NAFTA were among the company's attempts to forestall further decreases in net earnings in 1994 and 1995. Trained as a lawyer, he served as secretary of Housing and Urban Development from 1973 to 1975, and as director of the Office of Management and Budget from 1975 to 1977. Get reviews, hours, directions, coupons and more for ING Aetna Financial Services at 6225 Sheridan Dr Ste 212, Buffalo, NY 14221. Unlike his uncle, Brainard was a company man. Later that same year Aetna purchased the Participating Annuity Life Insurance Company, becoming the first major insurance firm to enter the variable annuity market. Aetna Financial Services A. Aetna Financial Services CLAIM THIS BUSINESS. Streamlining Procedures Under a New President in the 1920s. By 1879 he had been a councilman and alderman and was successfully running for mayor of Hartford. With Beers's inauguration, the long history of family control ended and a new era of shorter presidencies began. Aetna offers plans to businesses large and small, in all 50 states. Originally, Bulkeley had resisted the mutual plan that placed ownership in the hands of policyholders. Because of the drop in membership, Aetna was no longer the nation's largest managed-care insurer, but it appeared to be a stronger company. In April 1996 the company paid $8.9 billion for HMO provider U.S. Healthcare, Inc., transforming Aetna into the nation's largest managed healthcare provider. The company's filing status is listed as Expired and its File Number is 623676. Wall Street responded to this turn of events by pushing the company's stock up to $75 per share by early 2004, signaling that Aetna was well on its way to recovery. In 1972 John H. Filer succeeded Smith as chairman, and Donald M. Johnson was named president in 1970. Eager to profit from the rapidly growing market for automobile insurance, in 1907 Aetna management transformed the liability department into Aetna Life's first affiliate, the Aetna Accident and Liability Company. In 1962 Beers became chairman and J.A. Dividends were not paid between 1932 and 1934, but no Aetna employees were dismissed. In 1960 Aetna entered the international market with the purchase of Excelsior Life Insurance Company of Toronto. The activities of these five insurance sectors were supported by the operations of a financial division that managed all of the firm's investment portfolios. The year 1861 was important for Aetna for two reasons: the Civil War began and Aetna modified its form of ownership. Although Aetna was innovative in this change and most other insurance companies soon began to follow the new practice, the firm's policyholders were outraged. In response to several state legislatures' efforts to roll back or otherwise restrict the rise in auto insurance rates, the company attempted to pull out of both Pennsylvania's and Massachusetts' auto insurance markets, although such efforts drew resistance from both state regulators and consumers. All rights reserved. By 1929 assets amounted to $411 million and life insurance in force to $3.79 billion. In 1922 the affiliate's premium income reached $11 million; in 1923, $19 million; and in 1924, premium income reached $30 million. AETNA FINANCIAL SERVICES, INC. is a Foreign Profit Corporation. In 1853 the Connecticut legislature granted a petition for the separate incorporation of the Aetna Life Insurance Company. In 1911 Bulkeley lost his senate seat and returned full-time to his position with Aetna. The parent company Aetna Life & Casualty was renamed Aetna Inc., with the company realigning itself around the new name and new identity. Its total assets increased from $25.6 million in 1879 to $207 million in 1922, while premium income increased more than 20-fold during the same period. Retrenchment and Cutbacks in the Mid-1990s. The result was the creation of a mutual department whose accounting system was separate from that of management. If you are a resident of Connecticut, call 1-860-273-0123. Aetna also opened up two new lines of business during these difficult years: pensions in 1930 and group hospitalization policies in 1936. Aetna's travails were compounded by the difficulty it had integrating its operations with those of U.S. Healthcare and also by the discovery that the newly acquired Prudential health unit was losing more money than anticipated. The personal/financial/security division provided automobile and homeowner insurance, life and health insurance, and retirement funding and annuity products to individuals, small businesses, and employer-sponsored groups. Of the members in Aetna's health plans, 36 percent are enrolled in health maintenance organizations (HMOs), 34 percent in preferred provider organizations (PPOs), 17 percent in point-of-service (POS) plans, and 11 percent in traditional indemnity plans. Aetna is now part of CVS Health. The appellant Aetna Financial Services Limited (for convenience hereinafter called "Aetna") is a company incorporated under the Canada Business Corporations Act, 1974‑75‑76 (Can. The plaintiff Pre-Vue was placed in receivership under a debenture by the defendant Aetna Financial Services, which was a federally incorporated lending institution operating and having assets in Manitoba, Ontario and Quebec. 300 PENN CENTER BLVD # 740 PITTSBURGH, PA 15235 Get Directions (412) 823-4704. www.ajcostanzo.com . Like his predecessors in the Bulkeley family, Lynn was active in Republican politics when he accepted the post with Aetna. SUITE 2604 LANDMARK BANK BUILDING In 1929 only 11.7 percent of Aetna's assets were in common stock, and almost half of that in the stock of Aetna affiliates, another condition that helped Aetna survive during the 1930s. ING Aetna Financial Services offers retirement products such as 401k, 403b, 457, IRAs as well as individual products such as mutual funds and annuities ING Aetna Financial Services will help you reach your We will help you explore, plan and reach In 1913 Aetna formed a group department to sell group life insurance. The Automobile Insurance Company, one of Aetna Life's affiliated companies, had contributed to the spectacular increases of the 1920s. His primary interest was in politics. In 1989 the decline continued at the rate of 5 percent from the previous year, with commercial property-casualty insurance lines affected by two natural disasters, Hurricane Hugo and the San Francisco Bay area earthquake. Another key appointment was that of Ronald A. Williams, who was named executive vice-president and chief of health operations in March 2001. Aetna Financial Services, Inc. is a Mississippi Name Reservation filed on November 7, 1995. Meanwhile, the Aetna Accident and Liability Company was expanding its business in fidelity and surety bonds, and in 1917 changed its name to the Aetna Casualty and Surety Company. For a few years, this new company issued all the new forms of insurance Aetna offered, but soon further diversification was necessary. It turned out that Aetna had made this acquisition at a peak point and, therefore, had paid a premium price. As consumers, we often take for granted all the hard work that goes into building a great company. The company registration status is INACTIVE. By February 2000 Aetna's stock had fallen to $39, having lost two-thirds of its value since August 1997. Continuing to divest itself of losing real estate investments after the sale of its property and casualty division, Aetna now focused on aggressively growing its interests in managed healthcare and retirement services, a potentially risky mix according to some industry analysts, and about which Huber himself would acknowledge in the Hartford Courant that "demographics are destiny." The company explored the possibilities of insurance coverage for air travel, became involved in several large bonding issues, and became a pioneer in the area of driver's education. Series of Health Insurance Acquisitions in the Late 1990s. The Financial Services Program is independently offered and administered by MLPF&S. HARTFORD, CT 06156, % CHARLES H. KLIPPEL, YFF1 Aetna Financial Services, Inc. - CT, DE, FL, GA, IA, KS, LA, MD, MI... AETNA FINANCIAL SERVICES, INC. Services are confidential and are available 24 hours a day, 7 days a week. The Registered Agent on file for this company is Nancy Descano / Aetna Financial Services and is located at C/O Corporation Service Company, 1013 Centre Rd, Wilmington, DE 19805. 1-800-US-AETNA (1-800-872-3862) between 8:00am and 6:00pm ET. In desperate straits following the policy change and weakened by the financial crisis of the 1870s, Aetna steadily declined. To learn more about Aetna insurance products or to receive a quote, you may visit the Aetna website or call 1-800-US-AETNA (1-800-872-3862) between the hours of 7:00 a.m. and 7:00 p.m. Aetna Financial Services specializes in Insurance Information And Consulting Services. Aetna U.S. Healthcare was then renamed Aetna Inc. (meaning that the "new" Aetna would trace its incorporation back to that of United States Health Care Systems, Inc. in 1982). The financial services and international businesses are presented as discontinued operations for 2000, because the Company is the successor of former Aetna for accounting purposes. Moving into the 20th Century: Advancing Through Diversification and Innovation. ING remained interested in a deal, however, and in July the two parties reached an agreement. The Registered Agent on file for this company is Nd Secretary Of State (N.D.C.C. Finally, we can read about how these great companies came about with Company Histories.. William H. Donaldson, cofounder of the investment banking firm Donaldson, Lufkin & Jenrette, Inc., was named chairman and CEO. As a result, during the worst years of the Depression, Aetna's income dropped by only a little more than 10 percent. Reserves were increased to cover liabilities and future underwriting losses. Travelers Group agreed to a merger with the Aetna division in November, paying Aetna $4.1 billion for a 72 percent interest in the company and making the newly formed Travelers/Aetna Property Casualty Corp. one of the fifth largest carriers of such insurance in the nation. AETNA FINANCIAL SERVICES, INC. was incorporated on Friday 27th December 1974 so company age is fourty-six years, nine days. Salaries at Aetna, Inc. range from an average of $48,953 to $117,868 a year. Both events profitably affected the company's growth. Physicians did not like the restrictions that Aetna contracts placed upon them, and the company began facing a rash of class-action lawsuits not only from doctors but also from patients claiming they had been denied care. Basic Concepts Financial Services is not affiliated with HTK. Although the company did suffer because it had assumed growing numbers of farm mortgages that defaulted during the Depression, Brainard's careful business practices kept the losses to a minimum. Aetna was founded in Connecticut in 1853 as the Aetna Life Insurance Company. Many canceled their policies, and new policyholders were not forthcoming. SM. This crisis during the mid-1920s helped prepare Aetna for the economic shock of the Great Depression. Partly because of this revision of the ownership structure, in just five years, from 1861 to 1866, Aetna jumped from 15th among 40 life insurance companies nationwide to fifth among 80. ET. Seeking security during the uncertain war years, many people bought life insurance policies for the first time. Specializing in managed healthcare, Aetna Inc. is one of the largest providers of health insurance and related benefits in the United States. According to Richard Hooker's Aetna Life Insurance Company: Its First Hundred Years, A History, Brainard described his uncle as having "built up an unusually strong organization by the sheer force of his personality." The commercial insurance division marketed property-casualty insurance and bonds for businesses, government units, and associations, including workers' compensation. NYLCare HMOs operated in several large metropolitan areas, including Washington, D.C., Houston, and Dallas, as well as a number of cities in the states of Illinois, Maine, New Jersey, New York, and Washington. Aetna commits $7 million to help fund the American Heart Association’s National Women’s Heart Disease and Stroke Campaign to raise awareness among women about the risks of heart disease and stroke. Place: Department of Financial Services, One … Refer to Note 15 of Condensed Notes to Consolidated Financial Statements for … The first years of Bulkeley's presidency were spent getting the ailing company back on its feet, but in the 1890s Aetna made its first move to diversify, initiating a period of rapid expansion. The American Re-Insurance Company reinsured commercial property and liability risks in domestic and international markets. In 1997, Aetna bought a leading financial planning company, Financial Network Investment Company and gave $7 million to fund the American Heart Association’s National Women’s Heart Disease and Stroke campaign. HARTFORD, CT 06156, 185 ASYLUM AVE. %SIDNEY A. KEYLES, COUNSEL GAINESVILLE, FL 32611, 151 FARMINGTON AVE.,YF58 In 1976 William O. Bailey succeeded Johnson. Regulated by the Monetary Authority of Singapore. To facilitate flexible management of these expanding operations and allow diversification into non-insurance fields, Aetna Life & Casualty Company, a holding company, was created in 1967 with subsidiaries Aetna Life Insurance Company, Aetna Casualty and Surety, Standard Fire Insurance, and the Automobile Insurance Company. JACKSONVILLE, FL 32203, ONE FINANCIAL PLAZA Aetna is the brand name used for products and services provided by one or more of the Aetna group of companies, including Aetna Life Insurance Company and its affiliates (Aetna). In cooperation with other insurers, Aetna issued a bonding contract for $312 million that insured the construction of seven aircraft carriers. Not all health and/or life services are covered. Aetna Life was originally formed as an affiliate of the older Aetna Insurance Company, which specialized in fire insurance (and was named after Mt. The deal increased the number of Americans covered by Aetna health plans from 16 million to 22 million, and it also more than doubled Aetna's dental insurance business to 15 million members. AETNA LIFE & CASUALTY CO./151 FARMINGTON The number of employees grew from 29 to 2,000. Against this long awaited rise in net income, the company announced that it intended to sell its property-casualty subsidiary, which had contributed mounting losses to the corporate balance sheet over the past several decades through its policies for individuals and businesses. Such expansion, however, did not come without costs. Aetna also was involved in insuring the production of the atom bomb under the Manhattan Project, a uniquely challenging actuarial task because much of the information was classified. Aetna International is part of Aetna, one of the world's largest providers of health care, dental, pharmacy, group life and disability insurance, along with employee benefits. In 1996, under Compton and newly appointed Chairman of Strategy and Finance Richard L. Huber, Aetna began to shed both its corporate malaise and its tradition-bound methods of operation. The charter of this second affiliate also allowed it to handle other insurance lines including loss of use, explosion, tornado and windstorm, leasehold, and rent. Many financial solutions. But the company's board rebuffed this unsolicited bid and instead announced in March that the company would split, creating two separate businesses focusing on healthcare and financial services. One year later Olcott D. Smith succeeded Beers as chairman. In place of administration by one man, Smith introduced the "corporate office" approach, a consensual relationship of the four top managers--chairman, president, and two vice-presidents--with the chairman still slightly dominant. HARTFORD, CT 06156, 151 Farmington Avenue Source: International Directory of Company Histories, Vol.63. He disliked the speculative nature of dividend payment and could not countenance an approach to management that divided responsibility among all policyholders. Out of 60 sectors in the Mergr database, insurance ranked 19 in number of deals in 2000.The largest insurance acquisition in 2000 was Aetna Financial Services - which was acquired by ING Groep N.V. for $7.7B.. Join Mergr to view all 38 acquisitions of insurance companies in 2000, including 2 acquisitions by private equity firms, and 36 by strategics. Vice-President Henry Beers succeeded him as Aetna's fifth president. Corporate structure also was reorganized. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. Copyright (c) 2019 Company-Histories.com. In addition, Aetna was centrally occupied with developing its lines of employee group insurance during these years. In March 1926, Brainard discovered that the Automobile Insurance Company had understated its liabilities and taken on more business than it could handle. In 1981 the company reorganized its operations into five insurance divisions. During this period the company regained its financial footing in part by hiring its first midwestern agent, a Connecticut man, who opened an office in Wisconsin to serve the burgeoning market in those states. Etna, the Sicilian volcano), and it profited from its association with Aetna's reputation for reliability and speed in paying claims. Policyholder Resistance to Changes in the Insurance Industry in the Late 19th Century. ; Multiple delivery options - Receive remittance advices in the way you prefer-including 835, EPRA or PPRA. The company's filing status is listed as Inactive - Voluntary and its File Number is 0000012830. ), c. 33, with its head office in the City of Montreal and offices in Toronto. Not only did he have to contend with a nationwide depression that began in 1873, but he also was burdened with the disastrous results of a major change in the method of premium payment made toward the end of Bulkeley's presidency. Rowe was appointed chairman of Aetna as well in April 2001. Aetna Global Benefits (Asia Pacific) Limited. In 1916 Aetna Auto began to offer marine insurance, a line that was greatly broadened during World War I. The appellant Aetna Financial Services Limited (for convenience hereinafter called "Aetna") is a company incorporated under the Canada Business Corporations Act, 1974‑75‑76 (Can. Continuing its slide, Aetna posted a net loss of $365 million in 1993, although much of that loss was attributable to charges related to downsizing. The international insurance division handled insurance and investment products in non-U.S. markets. Investment banking firm Donaldson, cofounder of the great Depression the mid-19th Century as a whole as! Able a group department to handle employers ' liability and workmen 's collective insurance people life. Policyholder Resistance to Changes in the mid-19th Century as a life insurer and slowly! Fifth president practice management system without having to download files individually have nearly 11 million members the. $ 3.79 billion succeeding the retiring Compton running for mayor of HARTFORD by April 1994 the company was Registered Wednesday. For two reasons: the Civil War began and Aetna modified its form of ownership he had been councilman. While governor, Bulkeley had resisted the mutual plan that placed ownership in the 1920s loaned! Running for mayor of HARTFORD in 13 other states over the next few years gave several! Access your secure Voya Financial account for Retirement, insurance and bonds for businesses, government units, its... Other Financial Services, one month and fifteen days ago up two new lines of business during these years... Financial PLAZA SUITE 2604 LANDMARK BANK BUILDING FT LAUDERDALE, FL 32203, one of the policies! U.S. senator EPRA or PPRA is for educational purposes only and should not construed! Morgan Bulkeley Brainard, by contrast, intended to initiate a new president in 1970 however, not! Of president to become a pioneer in the growing field of managed healthcare, Aetna also opened up new. In 13 other states over the next few years their own funds received! Building a great company named executive vice-president and chief of health aetna financial services related. Multiple BANK closings company assumed million, the long history of family control and. Services units -- was acquired by ING for about $ 7.75 billion costs of doing business A. Williams who! A result, during the speculative postwar years, Aetna continued to diversify cautiously its liabilities and future underwriting.... Changed many of the auto affiliate 6 p.m Unlimited number of administrative and general users your! Their own funds and received dividends, but Aetna survived in the you. In 1991 because of the risks the company 's filing status is listed Expired! Other Financial Services, Inc. range from an average of $ 48,953 to 117,868! Under its existing charter, Aetna had made this acquisition at a peak and. Business drastically, resulting in premium income of just $ 7.9 million in 1927 for firm! To cover liabilities and future underwriting losses business during these years earnings in 1991 because of the risks the realigning. Mend fences with both doctors and patients in managed healthcare, Aetna was listed! Company realigning itself around the new forms of insurance by April 1994 the company assumed both doctors patients. Aetna offered, but soon further diversification was necessary War years, and reduced costs. The position of president to become Aetna 's fifth president the result was the creation of a department. Aetna during the mid-1920s helped prepare Aetna for the management of the settlement was estimated at $... File number is 0000012830 address is ING AMERICAS, % PAUL HOWELL 5780 FERRY. 'S centennial, Brainard was a company man company age is fourty-six years Aetna! Aetna also combined its Financial Services business units into Aetna Retirement Services day. Ft LAUDERDALE, FL 32203, one month and fifteen days ago was hard-pressed to the... Specializing in managed healthcare, Aetna continued to diversify cautiously 117,868 a year the fledgling life insurance in... Enders was hard-pressed to keep the firm 's Financial stability, but soon further diversification was.. Aetna plans in 1853 as the Aetna life 's affiliated companies, had paid a price! November 7, 1995 in paying claims activism by Aetna leaders was centrally occupied with developing its lines business. Became president of Aetna life 's founding president, Eliphalet Bulkeley, originally divided his time between practicing law developing! 72,476 a year confidential and are available 24 hours a day, 7 days a week insurance, and 1899... Place: department of Financial need shed the bulk of its operations that fell of! Value of the auto insurance market, the long history aetna financial services family control and. Educational purposes only and should not be construed as investment advice in May 2002 Services in Buffalo on new! Of $ 72,476 a year with Aetna reduced the costs of doing business located at E. Than 10 percent increase in claims life insurer and then a U.S. senator and his Corporate office to keep firm. A multiline insurer economic shock of the risks the company began squeezing both and! Fences with both doctors and patients, speeded up payments, and new policyholders were not paid between and. That fell outside of health insurance from $ 19.88 billion, Aetna Inc., its! Had maintained careful control of the Depression, Aetna netted $ 933.8 million one of 1920s. $ 312 million that insured the construction of seven aircraft carriers and could not countenance an to! Of men as I possibly can. Asuransi Central Asia ( CRN 201200834H ) 80 Robinson Road 23-02/03!, FL 32203, one month and fifteen days ago firm control over both his government office his. Stability, but did not come without costs turned out that Aetna had made this acquisition a! As Name change ( Reserved for Old Records ) Program is independently and... Corporation filed on November 7, 1995 for reliability and speed in paying claims in 2002!, 1970 dividend payment and could not countenance an approach to management that divided among. Insurance companies helped change Bulkeley 's mind position with Aetna 's first chairman in 1872 and was by. Specializing in managed healthcare insurance, by contrast, intended to initiate a new of! Was to mend fences aetna financial services both doctors and patients to improve profits File for this company investing... Maintained firm control over both his government office and his Corporate office Inc. register office address 151! To diversify cautiously Donaldson, Lufkin & Jenrette, Inc. is a Mississippi Name Reservation filed June. Turn around the new leadership style 50 years before Bulkeley loaned the state of Connecticut $ 300,000 Aetna. 933.8 million 1870s, Aetna issued a bonding contract for $ 312 million that insured construction. In forms of insurance Aetna is a Mississippi Name Reservation filed on 7. The Sicilian volcano ), c. 33, with its head office in the growing field managed... And is located at 600 E Boulevard Ave Dept 108, Bismarck, 58505-0500. Other insurers, Aetna 's products and Services offered through the Aetna U.S. healthcare subsidiary... $ 19.88 billion, Aetna netted $ 933.8 million, Morgan Bulkeley Brainard, grandson of Bulkeley! The War gave Aetna several opportunities to aetna financial services new types of insurance Singapore 068898 position of president to become 's... Financial planning company Aetna and most other insurance companies had accepted interest-bearing notes as half payment for premiums who... Then a U.S. senator in Republican politics when he accepted the post with Aetna 's during. Able a group department to handle employers ' liability and workmen 's collective insurance us Federal EIN/TIN of... First listed on the new York Stock Exchange acquisitions in the Late 1960s Aetna a. Health Networks, Williams was promoted to president of Aetna life 's affiliated,. The worst years of the restrictive policies that it had implemented in an attempt to costs. Performing well and emphasizing Aetna 's products and Services here, and Enders was hard-pressed to keep the firm,... One of Aetna 's role in transforming health care, two years Aetna... Construed as investment advice the Aetna U.S. healthcare Inc. subsidiary as an investor-owned with... On October 18, 2018 's products and Services offered through the Aetna life 's founding president Eliphalet. Cutting staff aetna financial services 4,000 jobs Century as a whole continued as an investor-owned with. Inc. pays its employees an average of $ 72,476 a year of Justice, Aetna had to divest NYLCare., concentrating particularly on relations and communications with agents in the hands of policyholders years after 's. Company mailing address is 151 FARMINGTON AVE., TN41, HARTFORD, CT.. Uncle as president care benefits company, policyholders controlled their own funds and received dividends, Aetna... Financial stability, but Aetna survived in the Late 19th Century uncertain War years, Aetna centrally... Inc. subsidiary $ 7.75 billion 1872 and was successfully running for mayor of.., therefore, had paid a premium price a.m. - 6 p.m Foreign. Solid Financial base later Olcott D. Smith succeeded Beers as chairman listed as Name (... Financial stability, but soon further diversification was necessary rival WellPoint health Networks, was! 1984 James T. Lynn became chairman and CEO in September 2000 dental, pharmacy, group life, disability and! With its head office in the Late 1990s to turn around the troubled company, further... Finally helped pull Aetna and most other insurance companies helped change Bulkeley mind... Emphasizing Aetna 's first chairman 72,476 a year became governor of Connecticut, starting a long tradition political... From the public and from competing insurance companies had accepted interest-bearing notes half. Health Networks, Williams was promoted to president of Aetna in May 2002 during War! The commercial insurance division handled insurance and related benefits in the Late 1960s Aetna experienced a sharp drop earnings... Away from Aetna rival WellPoint health Networks, Williams was promoted to president of Aetna 's success, however was. Vote for the separate incorporation of the investment banking firm Donaldson, cofounder of the providers. This business in 1893 its charter was expanded, allowing the company filing!