WellPoint Inc. said Tuesday that it expects 2012 adjusted earnings at the high end or slightly above a range that the health insurer reaffirmed last month.
The Indianapolis company also said it expects adjusted earnings per share to grow moderately this year, when the insurer plans to buy back stock and have a lower share count.
In December, WellPoint said it expected profit of $7.30 to $7.40 per share in 2012, which doesn't count items such as investment gains and litigation or acquisition costs. The forecast doesn't include costs tied to its acquisition of fellow insurer Amerigroup Corp., a $4.46 billion deal WellPoint recently completed.
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