Close Close
ThinkAdvisor

Portfolio > Economy & Markets > Fixed Income

WellPoint Reports 17% Increase In Net Income

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Oct. 27, 2003, 5:17 p.m. EST – WellPoint Health Networks Inc., Thousand Oaks, Calif., says acquisitions and strong sales in California and Georgia helped it increase third quarter net income 17%.

The managed care company, which has agreed to an acquisition proposal from Anthem Inc., Indianapolis, is reporting $246 million in net income for the latest quarter on $5 billion in revenue, up from $211 million in net income on $4.5 billion in revenue for the third quarter of 2002.

More on this topic

The company ended the quarter providing or administering coverage for 14 million people, up from 13 million people a year earlier.

Average premium revenue per insured member increased 5%, to $547.