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AmeriGroup Reports Higher 2nd Quarter Net Income

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NU Online News Service, Aug. 1, 2003, 12:15 p.m. EDT – AmeriGroup Corp., Virginia Beach, Va., is reporting $18 million in net income for the second quarter on $394 million in revenue, up from $13 million in net income on $279 million in revenue for the second quarter of 2002.

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AmeriGroup, which runs health plans for government insurance programs, ended the quarter insuring or administering coverage for 819,000 people, up from 533,000 people a year earlier.