Rise in Customers Boosts Anthem’s Profit
From Bloomberg News
Anthem Inc., which is buying WellPoint Health Networks Inc. to become the biggest U.S. health insurer, said first-quarter profit rose 54% as it added customers and had a tax benefit.
Net income increased to $295.6 million, or $2.08 a share, from $191.7 million, or $1.36, a year earlier, the Indianapolis-based company said. Revenue rose 12% to $4.57 billion.
Anthem shares fell $1.48 to $91.86 on the NYSE.
From Bloomberg News
