Amerigroup Corp Membership Rises 13.2%

Managed health care company Amerigroup Corp (NYSE: AGP) reported that its 4th quarter net income increased to $40.2 million, or 79 cents per share, up from $35.9 million, or 67 cents per share, for the same quarter a year earlier.

Revenue climbed from $1.15 billion last year to $1.36 billion.

A survey of analysts showed a an average earnings expectation of 30 cents per share.

Although Amerigroup Corp. said that membership was up 13.2% to 1.8 million members, it could not provide guidance until it had better insight on medical cost trends and premium rate actions.