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WellPoint profit rises despite lower revenue
Los Angeles Times

Despite falling revenue and enrollments, insurance giant WellPoint Inc. on Wednesday reported a 4% increase in profit for the second quarter.

The Indianapolis company, the nation’s largest health insurer by membership, earned $722.4 million, or $1.71 a share, in the three-month period ended June 30, compared with $693.5 million, or $1.43, for the same period the previous year. For the first half of the year, earnings were up 26% over 2009.

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