Insurer WellPoint’s 1Q profit falls 21 percent

FILE- This July 17, 2012, file photo, shows the corporate headquarters of WellPoint in Indianapolis. WellPoint Inc. reports quarterly financial results on Wednesday, Jan. 29, 2014. (AP Photo/Michael Conroy, File)

INDIANAPOLIS (AP) — WellPoint says its first-quarter earnings fell 21 percent, but they topped Wall Street expectations. The nation’s second-largest health insurer once again raised its 2014 forecast.

The Indianapolis company says it earned $701 million, or $2.40 per share, in the three months that ended March 31. That’s down from $885.2 million, or $2.89 per share, in last year’s quarter. Earnings excluding one-time items totaled $2.30 per share.

Operating revenue climbed slightly to $17.64 billion. That excludes investment gains or losses.

Analysts expected earnings of $2.10 per share on $17.95 billion in revenue.

WellPoint Inc. now expects 2014 adjusted earnings to be greater than $8.40 per share. Analysts had forecast $8.41 per share.

The insurer runs Blue Cross Blue Shield plans in 14 states, including California and New York. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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