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

------------- ------------- 2009 2008[1] 2009 2008[1] ---- ------- ---- ------- Revenues: Premium $1,298,969 $1,080,367 $3,801,306 $3,228,727 Investment income and other 5,315 17,624 24,179 58,696 ----- ------ ------ ------ Total revenues 1,304,284 1,097,991 3,825,485 3,287,423 --------- --------- --------- --------- Expenses: Health benefits 1,136,391 885,774 3,258,907 2,672,166 Selling, general and administrative 82,238 112,222 288,898 332,104 Premium taxes 38,336 23,906 101,077 68,051 Litigation settlement - - - 234,205 Depreciation and amortization 8,441 8,811 26,447 26,459 Interest 3,929 5,082 12,399 16,107 ----- ----- ------ ------ Total expenses 1,269,335 1,035,795 3,687,728 3,349,092 --------- --------- --------- --------- Income (loss) before income taxes 34,949 62,196 137,757 (61,669) Income tax expense 12,400 24,270 28,700 30,800 ------ ------ ------ ------ Net income (loss) $22,549 $37,926 $109,057 $(92,469) ======= ======= ======== ======== Diluted net income (loss) per share $0.43 $0.71 $2.07 $(1.75) ===== ====
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SOURCE AMERIGROUP Corporation
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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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