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Anthem Profits Up, Raises Guidance
Regional Blue Cross insurance company Anthem(ATH Quote) posted a 47% increase in second-quarter net income on strong membership growth.
The company, which acquired Trigon Healthcare(TGH Quote) on July 31, earned $106.2 million, or $1.01 a share, in the quarter, up from $72.4 million, or 70 cents a share, a year ago. Excluding nonrecurring gains and losses, Anthem earned 99 cents a share, a penny better than the consensus analyst estimate of 98 cents provided by Thomson Financial/First Call. ...
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