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WellPoint Highlights Operational Accomplishments and Details 2009 Guidance at Annual Investor Meeting
Date:2/24/2009

ture developments.

-- Invested in medical management programs and information technology for competitive differentiation and greater efficiency.

-- Conducted a market-by-market review to gain better visibility into competitive dynamics across WellPoint's service areas.

"We are already seeing positive results for our customers from many of the actions we've taken," added Braly. "We will remain focused on improving health care quality and affordability, and delivering the best overall value to the marketplace. WellPoint continues to be a financially strong company with distinct competitive advantages to benefit us over the long-term."

Wayne S. DeVeydt, executive vice president and chief financial officer of WellPoint, echoed Braly's comments and said, "We are projecting earnings growth in 2009 despite economy-related enrollment losses because we have executed on a series of initiatives to improve operational performance. Our reserves for medical claims have increased by $400 million, or 7 percent, from year-end 2007 and we continue to maintain a strong and diverse investment portfolio. We have good liquidity at our parent company and we expect to generate $3 billion of operating cash flow during 2009. We are very focused on providing excellent service to our customers and successfully executing our business plans."

DeVeydt provided the following specific guidance for 2009:

-- Net income is expected to be in the range of $5.51 to $5.66 per share, representing growth of 1 percent to 3 percent over $5.48 of adjusted net income per share in 2008. The 2009 guidance assumes no future net realized investment gains or losses, and a reconciliation of 2008 adjusted net income per share to 2008 GAAP net income per share is included in this press release.

-- Operating revenue is expected to grow by approximately $400 million, or 1 percent, in 2009.


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SOURCE WellPoint, Inc.
Copyright©2009 PR Newswire.
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