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AMERIGROUP Reports Q1 Net Income of $36.9 Million or $0.69 per Diluted Share
Date:5/1/2009

2009 2008 ---- ---- Premium revenue 99.0% 97.9% Investment income and other 1.0 2.1 --- --- Total revenues 100.0% 100.0% ===== ===== Health benefits (1) 83.7% 83.3% Selling, general and administrative expenses 9.0% 10.0% Income before income taxes 4.8% 5.1% Net income 3.0% 3.1% (1) The health benefits ratio is shown as a percentage of premium revenue because there is a direct relationship between the premium received and the health benefits provided. The following table sets forth the approximate number of our members we served in each state as of March 31, 2009 and 2008. Because we receive two premiums for members that are in both the Medicare Advantage and Medicaid products, these members have been counted twice in the states where we offer both plans. March 31, --------- 2009 2008 ---- ---- Texas 453,000 441,000 Florida 253,000 210,000 Georgia 213,000 198,000 Tennessee(1) 189,000 355,000 Maryland 179,000 154,000 New York 111,000 112,000 New Jersey 109,000 99,000 Ohio 60,000 56,000 Nevada 49,000 - Virginia 26,000 24,000 New Mexico 15,000 -
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SOURCE AMERIGROUP Corporation
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Related medicine news :

1. Dr. Yvonne Sanders-Butler of Atlanta Honored as Healthy Hero By the AMERIGROUP Foundation
2. AMERIGROUP Corporation to Discuss First Quarter Earnings on May 1
3. AMERIGROUP Corporation to Present at the Goldman Sachs Leveraged Finance Healthcare Conference on April 8
4. AMERIGROUP Corporation to Present at the Barclays Capital Global Healthcare Conference on March 10
5. AMERIGROUP Foundation and Union City Board of Education Announce Winners of Word About Health Contest
6. AMERIGROUP Reports Q4 Net Income of $37.3 Million or $0.70 Per Diluted Share
7. AMERIGROUP Corporation Elects Emerson U. Fullwood to Board of Directors
8. AMERIGROUP Names Finley Chief Compliance Officer
9. AMERIGROUP Health Plan in Nevada Begins Serving Medicaid Enrollees
10. AMERIGROUP Corporation to Discuss Fourth Quarter Earnings on February 19
11. Atlanta Educator Kim Bearden Honored as Healthy Hero by AMERIGROUP Foundation
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