(Bloomberg) — WellPoint Inc., the second-biggest U.S. health insurer, raised its profit forecast for 2013 after lower-than-projected medical costs helped its earnings beat analyst estimates for the second quarter.
Net-income soared 24% to $800.1 million, or $2.64 a share, the Indianapolis-based carrier says today in a statement. Earnings excluding one-time acquisition costs and investment gains were $2.60 a share. Analysts had predicted $2.08, the average of 19 estimates compiled by Bloomberg.
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