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The BusinessWeek 50 Ranking

35

WellPoint

By pulling together Blue Cross or Blue Shield health networks from 13 states, WellPoint has fashioned itself into the country's biggest health insurer, serving nearly 28 million members. It sprang from the merger in November, 2004, of two regional powerhouses, California's WellPoint Health Networks and Anthem, based in Indianapolis. The $16.5 billion deal faced some costly delays as WellPoint had to agree to spend millions to expand health care for the poor and uninsured. Still, the combined company posted 24% gains in both earnings and sales last year.

Company Info

2004 Rank3
STOCK INFO WLP
Market Value $16.9 BILLION
Total Return (1-yr.) 42.0%
(3-yr.) 110.1%
2004 sales $20.8 BILLION
Sales Growth(1-yr.) 24%
(3-yr.) 26.0%
Net income $960.1 MILLION
Net Income Growth (1-yr.) 24%
(3-yr.) 41.0%
Net Margin* 4.6%
Return on Equity* 4.9%
Industry HEALTH-CARE EQUIPMENT & SERVICES
CORPORATE WEB SITE
More in S&P 500 Companies Scoreboard >
*Trailing 12 months
Company data as of 2/28/05 provided by Standard & Poor's Compustat

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Company Snapshot

WellPoint, Inc., through its subsidiaries, operates as a health benefits company in the United States. It serves as an independent licensee of the Blue Cross and Blue Shield Association and serves its members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, Ohio, Virginia, Wisconsin; and through HealthLink and UniCare. The company provides a range of benefits and services to health plan customers, including pharmacy benefit management, group life and disability insurance benefits, dental, workers’ compensation, and long-term care insurance. WellPoint also provides vision and behavioral health benefits. In addition, the company offers administration of government health benefits programs. It provides health care benefits to approximately 28 million people. The company was formed in November 2004 as a result of merger between Anthem, Inc. and WellPoint Health Networks, Inc. WellPoint is headquartered in Indianapolis, Indiana.

No. of Employees

NA


Data provided by Capital IQ
Larry C. Glasscock

Larry C. Glasscock, 56

Titles

Chief Executive Officer, President, Director, Member of Executive Committee, Chief Executive Officer of Anthem Insurance Companies Inc., President of Anthem Insurance Companies, Inc. and Director of Anthem Insurance Companies Inc.

CEO Bio >

Total Compensation*

$5.6 MILLION

Total Value of Options**

$22.6 MILLION

Compare CEO Compensation >

Degrees Held

Cleveland State University (Bachelor's Degree)

Board memberships

WellPoint Inc., Zimmer Holdings Inc.

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

Larry C. Glasscock, Mark L. Boxer, David C. Colby, Marjorie W. Dorr, Keith R. Faller, David R. Frick, David S. Helwig, Joan E. Herman, Rebecca A. Kapustay, Randall J. Lewis, Samuel R. Nussbaum, Ron J. Ponder, Alice F. Rosenblatt, Thomas G. Snead Jr., John S. Watts Jr., Denny Weinberg

Board Members

Victor S. Liss, James W. McDowell, George A. Schaefer, Jackie M. Ward, Allan B. Hubbard, William G. Mays, Donald W. Riegle, William J. Ryan, John Sherman, Lenox D. Baker, Susan B. Bayh, Larry C. Glasscock, William B. Hart, L. Ben Lytle


Data provided by Capital IQ
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