Exhibit 99.1

Health Net, Inc.

Consolidated Statements of Operations

(Amounts in thousands, except per share, PMPM and ratio data)


December 31,
         Year Ended
December 31,



Health plan services premiums

   $ 2,916,718        $ 11,435,314    

Government contracts

     619,423          2,501,677    

Net investment income

     31,630          120,176    

Administrative services fees and other income

     15,482          51,104    

Total revenues

     3,583,253          14,108,271    



Health plan services

     2,409,332          9,762,896    

Government contracts

     556,648          2,307,610    

General and administrative

     317,099     A      1,275,555     A


     90,332          327,827    


     8,816          30,282    


     4,782          12,700    


     7,712          32,497    
     3,394,721     A      13,749,367     A

Income from operations before income taxes

     188,532     A      358,904     A

Income tax provision

     71,605     A      165,207     A

Net income

   $ 116,927     A    $ 193,697     A

Basic earnings per share

   $ 1.06     A    $ 1.74     A

Diluted earnings per share

   $ 1.04     A    $ 1.70     A

Weighted average shares outstanding:



     110,087          111,316    


     112,255          113,829    

Pretax margin

     5.3 %   A      2.5 %   A

Health plan services MCR

     82.6 %        85.4 %  

Government contracts cost ratio

     89.9 %        92.2 %  

G&A expense ratio

     10.8 %   A      11.1 %   A

Selling costs ratio

     3.1 %        2.9 %  

Days claims payable

     49.9          43.9    

Days claims payable—adjusted

     54.9          54.1    

Effective tax rate

     38.0 %   A      46.0 %   A

Health plan services premiums PMPM

   $ 266.88        $ 263.54    

Health plan services costs PMPM

   $ 220.45        $ 225.00    


A Amount updated from earnings release issued on February 5, 2008.

The following information was filed by Health Net Inc (HNT) on Wednesday, February 27, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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