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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

,320 39,279

Total revenues 1,076,730 809,687 3,945,530 2,835,089

Expenses:

Health benefits 873,165 641,678 3,216,070 2,266,017

Selling, general and

administrative 141,541 114,842 499,000 369,896

Depreciation and

amortization 8,008 6,229 31,604 25,486

Interest 3,959 260 12,291 608

Total expenses 1,026,673 763,009 3,758,965 2,662,007

Income before income

taxes 50,057 46,678 186,565 173,082

Income tax expense 18,935 16,734 70,115 65,976

Net income $31,122 $29,944 $116,450 $107,106

Diluted net income per

share $0.57 $0.56 $2.16 $2.02

Weighted average number

of common shares and

dilutive potential

common shares

outstanding 54,299,050 53,525,958 53,845,829 53,082,933

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.

Twelve months

Three months ended ended

December 31, December 31,

2007 2006 2007 2006

Premium revenue 97.8% 98.5% 98.1% 98.6%

Investment income and other 2.2 1.5 1.9 1.4

Total revenues 100.0% 100.0% 100.0% 100.0%

Health benefits (1) 82.9% 80.4% 83.1% 81.1%

Selling, general and administrative

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

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Related medicine news :

1. AMERIGROUP to Acquire Memphis Health Plan
2. AMERIGROUP Corporation to Host Investor Day
3. AMERIGROUP Names Mary McCluskey, MD, Chief Medical Officer
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
8. AMERIGROUP Corporation to Present at the Merrill Lynch Health Services Investor Conference on November 27
9. AMERIGROUP Community Care Provides Doctors Office Makeover in Houston
10. AMERIGROUP Foundation Awards $100,000 to Grady Health System Foundation in Atlanta
11. AMERIGROUP Community Care of Georgia Wins New Health Plan Accreditation from NCQA
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