Aetna Company History Timeline

(1,944 Jobs)
1853

Founded in 1853, Aetna was organized as a life insurance company that later expanded into other lines of insurance coverage.

In 1853, the annuity department separated from Aetna Insurance and was incorporated as Aetna Life Insurance Co.

1861

1861: With the start of the Civil War, Aetna began offering participating life insurance policies that paid dividends to policyholders.

1865

By 1865, annual income exceeded $1 million.

1888

1888: Aetna President Morgan G. Bulkeley, a Republican, was elected governor of Connecticut.

1891

1891: Aetna issued its first accident policy, taking the first step in a 30-year transformation from a monoline insurer to a company that offers a variety of coverage policies.

1902

1902: Aetna began offering liability coverage.

1907

1907: Aetna began offering automobile coverage.

1944

1944: Aetna becomes the first insurer to advertise on television.

1954

1954: Aetna orders its first computer, an IBM 650.

1968

Aetna listed its stock on the New York Stock Exchange in 1968.

1975

In 1975, the company created an HMO (health maintenance organization) subsidiary and entered the managed healthcare space.

1984

1984: Aetna opened new facilities valued at $200 million.

1993

1993: Aetna opened its first offices in China.

1996

1996: Aetna merged with United States Healthcare, becoming for the first time a health and financial services company.

2012

In June 2012, Aetna and Inova Health System announced a joint venture creating a new health insurance company, Innovation Health.

2013

In 2013, Aetna acquired Coventry Health Care, a managed care organization, making the combined entity the third largest health insurance company in the US based on membership.

2013: Aetna acquires Coventry Health Care Inc., making the combined organization the third-largest health care benefits company in the United States, based on membership.

2014

It was ranked 57th in the Fortune 500 rankings for 2014.

Aetna registered revenues of approximately $58 billion in 2014.

2015

On July 3, 2015, Aetna announced that it planned to acquire Humana for US$37 billion in cash and stock, or US$230 a share.

2016

Jobless, selling nudes online and still strugglingOnlyFans, founded in 2016 and based in Britain, has boomed in popularity during the pandemic.

2017

On January 23, 2017, a federal judge blocked Aetna's merger with Humana, saying it would leave senior citizens with fewer options for Medicare coverage.

On December 3, 2017, CVS Health announced the acquisition of Aetna for $69 billion.

The Justice Department will block the merger in early 2017.

2017: Aetna announces it will move its corporate headquarters to New York City.

2017: CVS Health Corp. buys Aetna in a $69 billion deal.

2019

As of December, it had more than 90 million users and more than 1 million content creators, up from 120,000 in 2019.

2021

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Founded
1853
Company Founded
Headquarters
Hartford, CT
Company Headquarter
Founders
Eliphalet Bulkeley
Company Founders

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