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

===== ========= ======= ======= Diluted net income (loss) per share $0.62 $(3.10) $0.71 $0.67 ===== ====== ===== ===== Diluted net income per share less impact of litigation settlement $0.62 $0.65 $0.71 $0.68 ===== ===== ===== ===== Health benefits expense ratio(2) 83.3% 83.0% 82.0% 83.2% Selling, general and administrative expense ratio 10.0% 10.1% 10.2% 9.0% (1) 2008 results reflect the reclassification of premium taxes and experience rebate. Additionally, results include the impact from the adoption of FASB Staff Position (FSP) APB 14-1, Accounting for Convertible Debt Instruments That May Be Settled in Cash Upon Conversion (Including Partial Cash Settlement), which increased interest expense in each of the periods presented. For an explanation of the 2008 Income Statement adjustments and reclassifications, see page 3 of this release. (2) 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.


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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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