INDIANAPOLIS (AP) — WellPoint Inc. said Wednesday that its first-quarter profit fell nearly 8 percent as enrollment slipped and expenses rose, but the health insurer raised its earnings forecast for 2012.
The Indianapolis company reported net income of $856.5 million, or $2.53 per share, for the three months ended March 31, down from $926.6 million, or $2.44 per share, a year earlier.
Excluding investment gains, WellPoint earned $2.34 per share in this year's first quarter.
Operating revenue climbed 3.4 percent to $15.15 billion from $14.65 billion a year ago.
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