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AMERIGROUP Reports Q3 Net Income of $22.5 Million or $0.43 per Diluted Share
Date:10/30/2009

= ===== ====== Weighted average number of common shares and dilutive potential common shares outstanding 51,920,745 53,494,690 52,754,511 52,914,156[2] ========== ========== ========== ============ [1] 2008 results reflect the previously disclosed reclassification of premium taxes and experience rebate. Additionally, results include the impact from the adoption of a new accounting pronouncement related to convertible debt instruments which increased interest expense in each of the periods presented. [2] Weighted shares in the nine months ended September 30, 2008 exclude potentially dilutive common stock equivalents due to the net loss in that period in accordance with generally accepted accounting principles. The following table sets forth selected operating ratios. All ratios, with the exception of the health benefits ratio, are shown as a percentage of total revenues. Three months Nine months ended ended September 30, September 30, ------------- ------------- 2009 2008 2009 2008 ---- ---- ---- ---- Premium revenue 99.6% 98.4% 99.4% 98.2% Investment income and other 0.4 1.6 0.6 1.8 --- --- --- --- Total revenues 100.0% 100.0% 100.0% 100.0% ===== ===== ===== ===== Health benefits [1] 87.5% 82.0% 85.7% 82.8% Selling, general and administrative expenses 6.3% 10.2%
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Related medicine news :

1. AMERIGROUP Announces Preliminary Third Quarter Results
2. AMERIGROUP Corporation to Discuss Third Quarter Earnings on October 30
3. AMERIGROUP Corporation Names Two New Executives
4. AMERIGROUP Corporation to Host Investor Day
5. AMERIGROUP Foundation Honors Warehouse of Hope Founder Craig Parson as a Healthy Hero
6. AMERIGROUP Reports Q2 Net Income of $49.6 Million or $0.94 per Diluted Share, Including $0.43 per Diluted Share Positive Impact from Tax Adjustment
7. AMERIGROUP Public Policy Institute, Black Leadership Forum, Inc. Convene Summit to Examine Preterm Birth Policy Solutions
8. AMERIGROUP Corporation to Discuss Second Quarter Earnings on July 31
9. AMERIGROUP Corporation to Present at the 19th Annual Wachovia Mid-Year Equity Conference on June 24
10. Dr. Emily Abrams Massey of Atlanta Honored as Healthy Hero by the AMERIGROUP Foundation
11. AMERIGROUP Corporation to Present at The Deutsche Bank 34th Annual Healthcare Conference on May 18
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