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WellPoint Reports Fourth Quarter and Full Year 2007 Results
Date:1/23/2008

with an operating loss of $59.6 million in 2006. Results in this segment improved year-over-year due to the non-recurrence of merger- related retention bonuses and growth in the FEP.

OUTLOOK

Full Year 2008:

-- The Company continues to expect net income of $6.41 per share,

representing growth of 15.3% over 2007.

-- Year-end medical enrollment is now expected to be approximately 35.6

million members, representing growth for the year of approximately

800,000 members.

-- Operating revenue is now expected to total approximately $62.6

billion.

-- The benefit expense ratio is expected to be approximately 81.6

percent.

-- The SG&A expense ratio is expected to be approximately 14.4 percent.

-- The Company continues to expect operating cash flow of $4.4 billion,

or 1.2 times net income.

Basis of Presentation

1. Operating gain is defined as operating revenue less benefit expense,

selling expense, general and administrative expense, and cost of drugs.

Operating gain is used to analyze profit or loss on a segment basis.

Consolidated operating gain is a non-GAAP measure.

2. Operating margin is defined as operating gain divided by operating

revenue.

3. Certain prior period amounts have been reclassified to conform to

current period presentation.

4. The Company expects to revise its reportable segments in the first

quarter of 2008 in accordance with its new organizational structure,

which reflects how management makes business decisions beginning

January 1, 2008.

Conference Call and Webcast

Management will host a conference call and webcast today at 8:30 a.m. Eastern Standard Time ("EST") to discuss its fourth quarter earnings results and updated outlook. The conference call shou
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SOURCE WellPoint, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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