UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date
of Report (Date of earliest event reported):
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September
18, 2008
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Aetna
Inc.
(Exact
name of registrant as specified in its charter)
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Pennsylvania
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1-16095
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23-2229683
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(State
or other jurisdiction of
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(Commission
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(IRS
Employer
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incorporation)
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File
Number)
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Identification
No.)
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151
Farmington Avenue, Hartford, CT
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06156
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
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(860)
273-0123
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Former
name or former address, if changed since last report:
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Not
applicable
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 8.01
Other Events.
Aetna
Inc. (together with its consolidated subsidiaries, the “Company”) has a
diversified investment portfolio, including investments in the financial
services industry. At June 30, 2008, the Company had an investment
portfolio with an aggregate book value of approximately $12.7 billion (excluding
investments supporting experience-rated and discontinued products in the
Company's Large Case Pensions business, which generally do not affect the
Company's results of operations) and shareholders' equity of $9.7
billion. In this portfolio, the book value of the Company's
investment in debt securities of Lehman Brothers Holdings Inc. ("Lehman") and
its affiliates and American International Group, Inc. and its affiliates ("AIG")
as of September 17, 2008 was approximately $132 million and $102 million,
respectively. The Company is continuing to assess the recoverability
of these investments. The Company has no equity or preferred stock
investments in Lehman or its affiliates or AIG.
The
Company also has a reinsurance recoverable in the amount of $163 million (at
August 31, 2008) from an affiliate of Lehman. The Lehman affiliate
currently is not part of Lehman’s bankruptcy proceedings and to date has
performed its reinsurance obligations to the Company, and the reinsurance
recoverable is collateralized by assets held in a trust. The Company
does not have any reinsurance with AIG.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Aetna
Inc.
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Date: September
18, 2008
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By:
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/s/
Rajan Parmeswar
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Name: Rajan
Parmeswar
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Title: Vice President, Controller
and Chief Accounting
Officer
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