The company posted total revenues of $15.09 billion for the first quarter of 2010, a decrease of 0.3 percent, compared to $15.14 billion for the prior year period.

Operating revenue totaled approximately $14.9 billion in the first quarter of 2010, a decrease of 2.8 percent, from $15.3 billion in the first quarter of 2009.

For full year 2010 net income is expected to be at least $6 per share, including the first quarter net investment gains of $0.04 per share, partially offset by the first quarter intangible asset impairment charge of $0.03 per share. Operating revenue is expected to total approximately $58.5 billion.

Angela Braly, chair, president and CEO of WellPoint, said: “We have grown significantly in the National Accounts market this year, reflecting that large customers continue to be attracted to WellPoint's broad and cost-effective provider networks, leading products and initiatives, and reliable customer service.

“We are preparing for marketplace changes by taking strategic actions to drive even stronger future membership growth, enhance our services and create a lower cost structure. We are focused on optimizing medical costs and improving operational efficiencies while delivering innovative programs and products for our members.”

Will WellPoint reach expected operating revenue in Q2?

Have your say and discuss with your peers on the InfoGrok community.

Participate by posting your comments now.