Health Net’s Profit More Than Triples
From Reuters
Woodland Hills-based health insurer Health Net Inc. said first-quarter net income more than tripled as premiums increased.
Net income rose to $76.6 million, or 65 cents a share, from $21.3 million, or 19 cents, a year earlier, when Health Net took a charge to settle a lawsuit.
Revenue rose 9.4% to $3.19 billion, and health plan premiums climbed 6.2% to $2.55 billion.
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