News Headlines Article

Insurer WellPoint’s 4Q profit drops 39 percent
San Francisco Chronicle

WellPoint Inc.’s fourth-quarter earnings sank 39 percent as medical claims soared because of its Medicare Advantage business, but the health insurer raised its quarterly dividend and it forecast earnings growth in 2012. The performance was a rare miss of Wall Street expectations. WellPoint’s full-year earnings outlook also came in short of analysts’ estimates. The Indianapolis company’s stock sank more than 6 percent, or $4.40, to $65 in premarket trading Wednesday.