NU Online News Service, April 30, 2003, 12:08 p.m. EDT – Cobalt Corp., Milwaukee, is reporting $11 million in net income for the first quarter on $409 million in revenue, compared with $23 million in net income on $381 million in revenue for the first quarter of 2002.
The health insurer ended the quarter providing or administering major medical coverage for 808,933 people.
Average revenue per major medical member was $505.
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