AMERIGROUP Reports Q3 Net Income of $22.5 Million or $0.43 per Dil...(7.6% 10.1% Income (loss) before inco...),Health

Date:10/30/2009

7.6% 10.1% Income (loss) before income taxes 2.7% 5.7% 3.6% (1.9)% Net income (loss) 1.7% 3.5% 2.9% (2.8)% [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 members the Company served in each state as of September 30, 2009 and 2008. Because the Company receives two premiums for members that are in both the Medicare Advantage and Medicaid products, these members have been counted twice in the states where the Company offers both plans. September 30, ------------- 2009 2008 ---- ---- Texas[1] 498,000 462,000 Florida 270,000 228,000 Georgia 236,000 201,000 Tennessee[2] 192,000 352,000 Maryland 188,000 161,000 New Jersey 117,000 103,000 New York 112,000 111,000 Ohio 59,000 56,000 Nevada 56,000 - Virginia 30,000 24,000 New Mexico 20,000 7,000 South Carolina[3] - 9,000 --- ----- Total 1,778,000 1,714,000 ========= ========= [1] Membership includes approximately 13,000 under an ASO contract in 2009. [2] Membership includes approximately 165,000 under an ASO contract in 2008 terminated on October 31, 2008. [3] AMERIGROUP exited the State of South Carolina on March 1, 2009. The following table sets forth the approximate number of members in each of the Company
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