It's a good time to be a health insurer. Three of the biggest names in the insurance game reported rock-solid profits last week. Aetna said its third-quarter net income jumped 53% over the same period last year, to $497.6 million.
WellPoint, parent of Anthem Blue Cross in California, said its profit rose 1.2% to $739.1 million. Health Net posted a net income of $62.7 million, compared with a loss of $66 million a year earlier. Angela Braly, chief executive of WellPoint, attributed the company's strong performance to "disciplined administrative expense control."