Aetna Company History Timeline

(1,944 Jobs)

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


By 1865, annual income exceeded $1 million.


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


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: Aetna began offering liability coverage.


1907: Aetna began offering automobile coverage.


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


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


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


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


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


1993: Aetna opened its first offices in China.


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


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


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.


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

Aetna registered revenues of approximately $58 billion in 2014.


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.


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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.


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


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Company Founded
Hartford, CT
Company Headquarter
Eliphalet Bulkeley
Company Founders

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