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AMERIGROUP Reports Q4 Net Income of $31.1 Million or $0.57 Per Diluted Share; Full-Year Net Income of $116.5 Million or $2.16 Per Diluted Share
Date:2/13/2008

includes approximately 170,000 under ASO contracts in

2007.

The following table sets forth the approximate number of our members in

each of our products as of December 31, 2007 and 2006. Because we receive

two premiums for members that are in both the Medicare Advantage and Aged,

Blind and Disabled products, these members have been counted in each

product.

December 31,

Product 2007 2006

TANF (Medicaid)(1) 1,179,000 910,000

SCHIP 268,000 264,000

ABD (Medicaid)(2) 216,000 94,000

FamilyCare (Medicaid) 43,000 43,000

Medicare Advantage (SNP) 5,000 5,000

Total 1,711,000 1,316,000

(1) Membership includes 129,000 members under an ASO contract in

Tennessee.

(2) Membership includes 41,000 and 13,000 members under ASO contracts in

Tennessee and Texas, respectively, in 2007. In 2006, membership includes

14,000 members under an ASO contract in Texas.

AMERIGROUP CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(dollars in thousands, except per share data)

(unaudited)

December 31,

2007 2006

Assets

Current assets:

Cash and cash equivalents $487,614 $176,718

Short-term investments 199,947 167,703

Restricted investments held as

collateral
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SOURCE AMERIGROUP Corporation
Copyright©2008 PR Newswire.
All rights reserved

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4. AMERIGROUP Contracts with Federal Government to Offer Medicare Advantage Health Plans in Seven States
5. AMERIGROUP Corporation to Discuss Third Quarter Earnings on October 25
6. AMERIGROUP to Participate in National Disability Mentoring Day
7. AMERIGROUP Corporation to Present at the 2007 Credit Suisse Healthcare Conference on November 13
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