WellPoint results up on more members, New York contract

WellPoint Inc. reported a 23-percent increase in fourth-quarter profit, to $801.1 million, on revenue of $14.6 billion, a rise of 28.9 percent.
For the year, the Indianapolis-based health insurer said profit rose 25.6 percent, to $3.1 billion. Revenue of $57 billion was up 28 percent.

The upswing was driven mainly by new enrollments and the addition of a prescription drug contract last year for the state of New York. Its 34.1 million enrollment was up 0.7 percent.

WellPoint affirmed its 2007 profit outlook of $5.53 a share on operating revenue of $61.9 billion.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.