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Insurer WellPoint’s 1Q profit falls as costs climb
San Francisco Chronicle

WellPoint Inc.’s first-quarter net income fell nearly 8 percent as enrollment slipped and expenses rose, but results beat analyst earnings expectations and the health insurer raised its forecast for 2012.

The Indianapolis company said Wednesday that it expects its capital management to improve after earning $169 million in investment income in the first quarter. Company leaders also said they anticipate improvements in their main businesses and more growth from a Medicare Advantage segment that hurt WellPoint last year.