WellPoint Inc., the Indianapolis-based company that operates Anthem Blue Cross Blue Shield Wisconsin, today reported first quarter net income of $856.5 million, or $2.53 per share, down from $926.6 million, or $2.44 per share, in the same period a year ago.
The company’s medical enrollment totaled approximately 33.7 million members at March 31, a decrease of 525,000 members, or 1.5 percent, from approximately 34.2 million a year earlier.
“Our first quarter results exceeded our expectations and were driven by improved performance in the Senior business and continued strong operating results in our Commercial segment. We also executed well in the capital management areas of our company,” said Angela Braly, chair, president and chief executive officer. “We are moving forward with our initiatives to create a lower cost operating model, both in terms of medical costs and administrative expense, with best-in-class service for our customers, and we believe this strategy will drive long-term growth and success as the health care system evolves over time.”
