Insurer WellPoint's 3Q profit falls 7.5 pct

October 26, 2011 - 6:35 AM

INDIANAPOLIS (AP) — WellPoint says its third-quarter earnings fell more than 7 percent even as medical enrollment and revenue grew.

The largest publicly traded health insurer based on enrollment reported net income of $683.2 million, $1.90 per share, in the three months that ended Sept. 30. That's down from $739.1 million, or $1.74 per share, a year earlier.

Total operating revenue rose almost 6 percent to $15.2 billion.

Analysts polled by FactSet forecast earnings of $1.68 per share on $15.22 billion in revenue.

WellPoint says enrollment climbed more than 2 percent to 34.4 million members.

The Indianapolis company operates Blue Cross Blue Shield plans in 14 states, including California, New York and Ohio.