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WellPoint Reports Fourth Quarter and Full Year 2008 Results
Date:1/28/2009

se Selling expense 1,778.4 1,716.8 3.6% General and administrative expense 7,242.1 6,984.7 3.7% Total selling, general and administrative expense 9,020.5 8,701.5 3.7% Cost of drugs 468.5 432.7 8.3% Interest expense 469.8 447.9 4.9% Amortization of other intangible assets 286.1 290.7 (1.6%) Impairment of intangible assets 141.4 - NM (1) Total expenses 58,128.7 55,910.0 4.0% Income before income taxes 3,122.4 5,257.9 (40.6%) Income tax expense 631.7 1,912.5 (67.0%) Net income $2,490.7 $3,345.4 (25.5%) Net income per diluted share $4.76 $5.56 (14.4%) Diluted shares 523.0 602.0 (13.1%) Benefit expense as a percentage of premiums 83.6% 82.4% 120 bp Selling, general and administrative expense as a percentage of total operating revenue 14.6% 14.5% 10 bp Income before income taxes as a percentage of total revenues 5.1% 8.6% (350) bp (1) "NM" = not meaningful WellPoint, Inc. Consolidated Balance Sheets December 31, December 31, (In millions) 2008 2007 (Unaudited) Assets Current assets: Cash and cash equivalents $2,183.9 $
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