The nation’s second-largest health insurer saw total revenue spike 14.7 percent over last year to $17.7 billion, fueled in part by a 6.3 percent rise in membership to 35.8 million. Expenses for the quarter were also up 16.3 percent year over year, largely due to a $44.4 million increase in interest expenses, 40.7 percent higher than the previous first quarter.
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WellPoint 1Q Income Up 3.4% (finance, fp)
Net income last quarter grew 3.4 percent for Indianapolis-based
health insurer WellPoint, according to its first quarter report ended March 31.
http://www.sec.gov/Archives/edgar/data/1156039/000119312513168647/d524740dex991.htm
The nation’s second largest health insurer saw total revenue
spike 14.7 percent over last year to $17.7 billion, fueled in part by a 6.3 percent
rise in membership to 35.8 million. Expenses for the quarter were also up 16.3
percent year over year, largely due to a $44.4 million increase in interest
expenses, 40.7 percent higher than the previous first quarter.
More Articles on Health Insurers:
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