WellPoint reported total quarterly revenues of $17.8 billion, a 15.5 percent year-over-year increase driven by last year’s $4.9 billion acquisition of Medicaid insurer Amerigroup.
Due largely to commercial business attrition, WellPoint saw its enrollment go down by 143,000 members or 0.4 percent during the second quarter. However, the insurer still reported a 6.3 percent year-over-year increase, with 35.7 million members as of June 30, 2013, compared to 33.5 million at June 30, 2012.
For the six months ended June 30, 2013, WellPoint reported a net income of $1.7 billion, a 12.3 percent increase from $1.5 billion in the first six months of 2012. Total revenues went up by 15.1 percent, from about $30.8 billion in the first six months of 2012 to $35.5 billion this year.
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