INDIANAPOLIS (AP) — WellPoint Inc. said Wednesday that its first-quarter profit fell nearly 8 percent as enrollment slipped and expenses rose, but the health insurer raised its earnings forecast for 2012.
The Indianapolis company reported net income of $856.5 million, or $2.53 per share, for the three months ended March 31, down from $926.6 million, or $2.44 per share, a year earlier.
Excluding investment gains, WellPoint earned $2.34 per share in this year's first quarter.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
