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WellPoint's 3Q profit climbs 1 percent

WellPoint's 3Q profit climbs 1 percent

WellPoint says its third-quarter profit inched up 1 percent, as the insurer saw gains from a reduction in the use of health care and leftover claims that came in lower than expected.
The Indianapolis insurer says it earned $739 million, or $1.84 per share, in the three months that ended Sept. 30. That's up from the $730 million, or $1.53 per share, in the same period last year. Operating revenue dropped nearly 6 percent to $14.33 billion.
Analysts forecast earnings of $1.57 per share on $14.21 billion in revenue.
WellPoint Inc. is the largest commercial health insurer based on membership. It operates Blue Cross Blue Shield plans in 14 states and Unicare plans in several others.


Updated : 2020-12-04 01:29 GMT+08:00