WellPoint Profit Rises in First Results Since Braly’s Exit
This article is for subscribers only.
WellPoint Inc., the second-biggest U.S. health insurer, said profit rose 1.2 percent, in its first earnings report since former chief executive officer Angela Braly left amid complaints about the company’s performance.
Net income increased to $691.2 million, or $2.15 a share, in the third quarter, from $683.2 million, or $1.90, a year earlier, the Indianapolis-based carrier said in a statement today. Earnings excluding one-time items topped by 26 cents the $1.83 average of 15 analyst estimates compiled by Bloomberg.