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

trative expense ratio 13.5% 9.8% 2008 ------------------------------------------------------ Q1 Adjusted Q2 Adjusted Q3 Adjusted Q4 Adjusted and and and and Reclassified Reclassified Reclassified Reclassified Revenues: Premium $1,050,004 $1,098,356 $1,080,367 $1,137,632 Investment income and other 22,609 18,463 17,624 12,687 ------ ------ ------ ------ Total revenues 1,072,613 1,116,819 1,097,991 1,150,319 Expenses: Health benefits 874,921 911,471 885,774 946,095 Selling, general and administrative 106,742 113,140 112,222 103,772 Premium taxes 22,026 22,119 23,906 25,706 Litigation settlement - 234,205 - - Depreciation and amortization 8,777 8,871 8,811 10,926 Interest 5,790 5,235 5,082 4,407 ----- ----- ----- ----- Total expenses 1,018,256 1,295,041 1,035,795 1,090,906 --------- --------- --------- --------- Income (loss) before income taxes 54,357 (178,222) 62,196 59,413 Income tax expense (benefit) 20,720 (14,190) 24,270 23,550 ------ ------- ------ ------ Net income (loss) $33,637 $(164,032) $37,926 $35,863 ==
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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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