Reuters logo
Health insurer WellCare's quarterly profit jumps 78 pct
May 3, 2017 / 10:09 AM / 5 months ago

Health insurer WellCare's quarterly profit jumps 78 pct

May 3 (Reuters) - U.S. health insurer WellCare Health Plans Inc reported a 78 percent surge in quarterly profit, driven by higher enrolments in its Medicaid plans for low-income families.

The company’s net income jumped to $67.3 million, or $1.50 per share, in the first quarter ended March 31, from $37.8 million, or 85 cents per share, a year earlier.

WellCare, which focuses on government-backed health plans, said revenue rose to $3.92 billion from $3.45 billion. (Reporting by Divya Grover in Bengaluru; Editing by Savio D‘Souza)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below