Amerigroup Corporation

AMERIGROUP Announces Preliminary Third Quarter Results

Published in Health Insurance Week, November 15th, 2009

AMERIGROUP Corporation (NYSE:AGP) announced that it expects to report earnings for the third quarter of 2009 in the range of $0.42 to $0.44 per diluted share. The new guidance for the third quarter primarily reflects elevated medical costs associated with the onset of a severe flu season due to the H1N1 virus.

Based on claims paid data through the month of September, the Company now estimates medical costs incurred in the quarter will be above its expectations, due largely to a significant spike in flu related activity which is most pronounced in September. As health officials have noted, the H1N1 virus is particularly virulent among children, pregnant women and other...

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Source: Health Insurance Week (2009-11-15)

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