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Health insurer WellPoint’s 1Q profit rises 3 pct
San Francisco Chronicle

WellPoint Inc.’s first-quarter earnings rose about 3 percent to trump analysts’ expectations, as the nation’s second largest health insurer saw a revenue gain from an acquisition. It also raised its 2013 net income forecast.

Shares of the Indianapolis company rose more than 2 percent Wednesday before markets opened. The Blue Cross Blue Shield insurer closed its $4.46 billion acquisition of Medicaid coverage provider Amerigroup Corp. late last year, and the acquisition added more than 2 million members to its enrollment in the first quarter. That helped boost the insurer’s total membership more than 6 percent in the first quarter to 35.8 million people, a total that trails only UnitedHealth Group Inc.

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