NU Online News Service, Aug. 8, 5:13 p.m. – Cobalt Corp., Milwaukee, is reporting $23 million in net income for the second quarter on $383 million in revenue, compared with $3.8 million in net income on $411 million in revenue for the second quarter of 2001.

The managed care company ended the quarter providing or administer major medical coverage for 626,061 people, down from 717,293 people a year earlier.

Average premium revenue per insured member increased 10%, to $741.