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WellPoint reaffirms 2012 earnings forecast

Published on NewsOK Modified: December 11, 2012 at 12:13 pm •  Published: December 11, 2012
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WellPoint then trumped Wall Street expectations in the third quarter, when the insurer recorded its first quarterly, year over year, increase in earnings since early 2011.

WellPoint said Tuesday it expects 2013 earnings to be "relatively stable" with 2012. The insurer has said it will focus next year on preparing for 2014, when the health care overhaul will expand coverage and provide subsidies or tax credits to help people buy insurance. WellPoint plans to spend as much as $300 million next year to prepare for those expansions.

The company will release a specific earnings forecast for the new year in early 2013.

WellPoint's shares climbed 57 cents to $58.78 Tuesday afternoon, while broader trading indexes rose less than 1 percent. WellPoint shares have slipped about 11 percent so far in 2012.