WellPoint Raises 2014 Earnings Outlook - Quick Facts

(RTTNews) - Health insurer WellPoint Inc. (WLP) said it raised its full year 2014 earnings outlook, reflecting organic growth of 1.0 million to 1.3 million new medical members.

The company now expects full year 2014 net income to be above $8.20 per share, driven by growth of 1.0 to 1.3 million net new medical members and mid-single digit percent increases in both operating revenue and operating gain.

The company anticipates annual operating revenues of about $73 billion. 2014 amounts reflect the conversion of 1.1 million New York state account members to a self-funding arrangement. This is expected to unfavorably impact 2014 Operating Revenue by approximately $2 billion.

Analysts polled by Thomson Reuters expect the company to report earnings of $8.38 per share and revenues of $73.70 billion for fiscal 2014. Analysts' estimates typically exclude special items.

The company said in January that it expected expect earnings to be above $8.00 per share on projected operating revenues of about $73 billion for fiscal 2014.