News Summary: WellPoint's 4Q profit drops 68 pct

Published on NewsOK Modified: January 29, 2014 at 9:57 am •  Published: January 29, 2014

QUARTER BREAKDOWN: Fourth-quarter earnings tumbled 68 percent at WellPoint as customers of the nation's second largest health insurer raced to use their coverage last fall before it lapsed due to the health care overhaul.

THE NUMBERS: The company earned $148.2 million, or 49 cents per share. Adjusted earnings totaled 87 cents per share for the latest quarter. Analysts forecast earnings of 86 cents per share.

ABOUT WELLPOINT: The insurer covers more than 35 million people and runs Blue Cross Blue Shield plans in 14 states.


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