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WellPoint's 2Q Profits Jump 24% & Stock At All-Time High Due To Excessive Rate Hikes

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Mark Reback

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310-392-0522 x326
Wednesday, July 24, 2013
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Washington DC -- Health insurance giant WellPoint today announced a 24% profit increase in the 2nd quarter of 2013, as compared to last year, and the company's stock hit an all-time high of $90 per share on Wednesday. WellPoint reported it earned $800.1 million, or $2.64 per share, in the three months that ended June 30th, which is up about 24% from $643.6 million, or $1.94 per share a year ago.

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