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1986
Aetna bonds the restoration of the Statue of Liberty.
A U.S. District Court in Brooklyn, N.Y., chooses Aetna to administer claims payments for Agent Orange victims.
1987
Partners National Health Plans total membership tops 1 million.
Aetna sells the industry's first employer group long-term care plan.
1988
The company launches the Aetna Challenge Senior Golf Tournament in Naples, Florida.
Aetna sponsors PBS' The American Experience television series.
Aetna acquires Human Affairs International, Inc., a leading provider of employee assistance programs and managed mental health plans, to complement its growing investment in managed care systems.
1989
Aetna processes the first Agent Orange settlement payments for Vietnam veterans and their dependents.
In a three-week span, Hurricane Hugo hammered the southeastern United States, while the San Francisco Bay area was rocked by an earthquake.
1990
Aetna stops selling individual health policies, ending a 91-year-old coverage. Aetna reevaluates its lines of businesses, basing its examination on the profitability of the market and the expertise and resources the company could throw into the line. As a result, the company was able to identify and withdraw from unprofitable lines and markets.
Fortune magazine lists Aetna as its fifth most-admired financial services company.
1991
Aetna reorganizes into strategic business units.
1992
Lynn retires and is replaced as CEO by Ronald E. Compton.
Hurricane Andrew decimates the southeastern United States.
1993
Aetna opens its first offices in China.
1996
Aetna sells its property-casualty operations to Travelers Insurance Group for $4 billion, ending the century-old multiline business era.
Aetna merges with U.S. Healthcare, beginning a new era — Aetna as a health and financial services company. The health business becomes Aetna U.S. Healthcare.
Aetna combines its financial services business units into Aetna Retirement Services.
Aetna Life & Casualty is renamed Aetna Inc.
1997
Aetna Retirement Services purchases Financial Network Investment Company, a leading financial planning company.
Aetna announces it is committing $7 million to help fund the American Heart Association’s National Women’s Heart Disease and Stroke Campaign to help raise awareness among women about the risks of heart disease and stroke, the leading causes of death of women over 25.
1998
Ron Compton retires and is succeeded by Richard L. Huber, president and chief executive officer of Aetna Inc. since July 1997.
Aetna International forms insurance joint venture in Thailand.
Aetna completes its acquisition of NYLCare Health Plans for $1.05 billion, adding 2.2 million members to Aetna U.S. Healthcare’s membership base.
1999
Aetna completes its acquisition of Prudential HealthCare for $1 billion, making Aetna the country’s largest provider of health benefits with more than 21 million members.
Aetna International launches a joint pension venture in Poland with the country’s sixth largest bank.
Aetna commits $15 million to Hartford redevelopment, including $10 million for projects within the Capital City Economic Development Authority district designated by the state legislature.
2000
William H. Donaldson, an Aetna director since 1977 and a former chairman and CEO of the New York Stock Exchange, becomes Aetna chairman, CEO and president, replacing Richard L. Huber, who resigns.
Aetna names John W. Rowe, M.D., president and CEO of Aetna U.S. Healthcare, helping Aetna to remake its business model to meet consumer demands for choice and flexibility and enhancing relationships with doctors and hospitals.
Aetna completes the sale of its financial services and international businesses to ING for $7.7 billion and spins off the health business to its shareholders. The sale helps Aetna redefine itself as an independent health and group benefits company, on its way to restoring industry leadership in terms of service, reputation and profitability.
Aetna becomes founding sponsor of the National Colorectal Cancer Research Alliance (NCCRA), which raises millions for colorectal cancer research and education. As founding sponsor, Aetna commits $5 million over three years, contributing to new scientific discoveries and educational campaigns.
2001
Donaldson steps down as chairman and is succeeded by Dr. Rowe, who becomes Aetna chairman, president and CEO.
Ronald A. Williams, an executive with Wellpoint, assumes the position of executive vice president and chief of Health Operations.
Aetna launches Aetna HealthFund®, an innovative health care product that marks the first foray into consumerism by a national, full-service health benefits company.
2002
Dr. Rowe breaks new ground when he calls on the health insurance industry to support legislation and consider adopting guidelines for access to genetic testing, genetic counseling and the appropriate use of test results. The guidelines, reflected in the Aetna’s own comprehensive policy for coverage policy decisions, become the industry standard.
Ronald Williams is named president of Aetna, and he is elected to the Board of Directors, bringing the number of directors to 12.
2003
Aetna celebrates its 150th anniversary. To mark the milestone, Aetna executives ring the Closing Bell at the New York Stock Exchange on June 16.
Aetna and physicians begin a new era of cooperation by agreeing to streamline communications, reduce administrative complexity and improve the quality of the health care system, ending litigation between Aetna and 700,000 physicians and medical societies. The agreement also results in establishment of an independent foundation to focus on critical health care issues and a physicians’ advisory board.
Aetna, a leader in addressing health disparities, commits more than $3 million to address the company’s focus on helping to improve access to care and delivery of health care to diverse populations.
2004
An award for "Best Business Turnaround -- More Than 2,500 Employees" is presented to Aetna as part of the 2004 American Business Awards competition. The awards recognize outstanding leadership, innovation, perseverance, creativity, teamwork and integrity in business.
Aetna adopts a new, industry-leading approach to end-of-life care through the Aetna Compassionate Care, a comprehensive new program of expanded benefits, nurse case management and information.
The Physicians’ Foundation for Health Systems Excellence, Inc. receives an accelerated $10 million contribution from Aetna.
2005
After achieving a new high-water mark in stock price in 2004, Aetna declares a two-for-one split of the company's common stock effective March 11, 2005.
Aetna completes a series of strategic acquisitions that allow the company to strengthen its base of products and services while reaching new customer segments. These acquisitions include Strategic Resource Company (SRC), an administrator of group benefit products for part-time and hourly workers; ActiveHealth Management, a clinically focused, technology-driven health management and health care data analytics company; and HMS Healthcare, a regional health care network operating in Michigan, Colorado and other states.
Aetna launches a pioneering transparency program that allows consumers in selected areas to see the cost of physician services online before they go to the doctor's office.
Aetna and the Aetna Foundation award $2.25 million in grants to address racial and ethnic disparities and end-of-life care.
2006
Ronald A. Williams becomes chairman, chief executive officer and president of Aetna, succeeding John W. Rowe, M.D., who retires.
Aetna declares a 2-for-1 split, effective February 17, of the company's common stock.
Aetna and the Aetna Foundation award $2.25 million in grants to address end-of-life care and depression.
Aetna commits $50 million to support minority- and women-owned businesses over the next four years as part of its ongoing investment in and support of this growing market segment.
Aetna acquires the disability and leave management business of Broadspire, a leading provider of disability and casualty claim management services.
2007
Mark T. Bertolini, Aetna's executive vice president and head of Business Operations, is named President of Aetna Inc., reporting to Chairman and CEO Ronald A. Williams.
Aetna acquires Schaller Anderson, a leading provider of health care management services for Medicaid plans, headquartered in Phoenix, Arizona.
Aetna acquires Goodhealth Worldwide, a leading managing general underwriter for international private medical insurance, offering expatriate benefits around the world.
2008
Aetna is selected by FORTUNE magazine as the most admired company in the Health Care: Insurance and Managed Care category.
As part of a commitment to improving patient safety, Aetna incorporates a "never events" policy into its hospital contract templates so that Aetna will no longer reimburse for serious, preventable medical errors.