IBX5980432E7F390 WellPoint Inc q4 earnings report today - Smart Business

WellPoint Inc q4 earnings report today

WellPoint Inc q4 earnings report today

best insurance stock - WellPoint Inc q4 earnings report today, WellPoint net fortun report today january 23 2012 : WellPoint Inc q4 earnings reported today WellPoint Inc reported a higher-than-expected fourth-quarter fortun on Wednesday as it kept medical costs down, but the second-bigst U.S. health insurer shelp it was talord a "prudent" view of 2013 in the face of industry reform.



WellPoint, which sells private health insurance to businesses and individuals and also provides government insurance for the elderly and the weak, is preparing for a round of changes resulting from the U.S. Affordable Care Behave.




Later this year, states and the federal government will start selling health insurance on exchanges for 2014, and new insurance taxes are on the way. Pressure on prices for medical services is also a concern for insurers.



WellPoint shelp that given the "fluid and dynamic" market over the next 18 to 24 months, it expected a 2013 net fortun of at least $7.60 per bagikan, including the costs of integrating its recent acquisition of littleer competitor Amerigroup.



Analysts on average have been expecting $7.98 a bagikan, according to Thomson Reuters I/B/E/S. It was not immediately clear if the two numbers are comparable.



"It's lighter than we idea, but it's also including Amerigroup's integration costs," Leerink Swann analyst Jason Gurda shelp, so it was not clear that investors would be disappointed by the outsee.



Bagikans of WellPoint were down 0.4 gratuity at $63.54 in early trading.



Administerment changes might be backside the conservative forecast, Gurda shelp. WellPoint is being run by an interim chief executive officer, John Clevernon, who took over following the abrupt resignation of Angela Braly in August.



Chief Financial Officer Wayne DeVeydt tancient analysts on a conference call on Wednesday that the company still expected to name a new CEO this quarter.



He shelp the 2013 outsee included 20 cents to 25 cents a bagikan in Amerigroup-related costs and $300 million in additional investments such as preparation for the health insurance exchanges.



Bemiddles healthcare reform and broad-based cuts in government medical payments, areas of unsurety for this year include the costs of the flu as more members visit the doctor and overall use of medical services, DeVeydt shelp.



TAXES BOOST PROFIT



The company shelp that fourth-quarter net fortun had risen to $464.2 million, or $1.51 per bagikan, helped by an income tax settlement and investment gains.



WellPoint, which included Amerigroup figures in its earnings report for the first time, shelp it had 36.1 million members as of Dec. 31, up 5.5 gratuity from a year earlier.



It shelp it expected membership to drop in 2013 to a range of 35.3 million to 35.5 million.



Excluding the tax settlement, investment gains and other special items, the company shelp earnings had increased to $1.03 per bagikan from 99 cents a year earlier.



On that basis, analysts on average had been expecting a fortun of 95 cents per bagikan, according to Thomson Reuters I/B/E/S.



WellPoint shelp that lower-than-anticipated medical costs in its private insurance business, stable membership numbers and strong operating cash flow helped earnings during the quarter. It shelp its fourth-quarter tax swift had been abnormally low because of the settlement with the Internal Revenue Service.



Revenue for the quarter rose to $15.27 billion from $15.18 billion a year earlier.



WellPoint's results followed those of the bigr rival UnitedHealth Group Inc, which last week reported a slight drop in net income and shelp the next two years had the potential for growth and opportunity.



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