Amerigroup Corp. announced on Friday that its profit rose 14 percent in the first quarter. Constellation Energy Group Inc trades on the “New York Stock Exchange” under the stock symbol “AGP”. For More information regarding “AGP” or the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Amerigroup Corp. (NYSE:AGP) announced on Friday that its profit rose 14 percent in the first quarter due to growth in revenue. The company spent 83.5 percent of its premium revenue on health care. In the quarter from a year prior, the company spent 83.7 percent.
The Company had 1.9 million members at the end of the quarter, up from 1.7 million at the same time last year. Amerigroup earned $42.2 million, or 82 cents per share. That marked an increase from $36.9 million, or 69 cents per share, in the same period year earlier. Its revenue increased 12 percent to $1.37 billion from $1.23 billion.
About Amerigroup Corp:
AMERIGROUP Corporation operates as a multistate managed healthcare company. It focuses on serving people, who receive healthcare benefits through publicly sponsored programs, such as Medicaid, Childrens Health Insurance Program (CHIP), Medicaid expansion programs, and Medicare Advantage. The companys Medicaid program makes federal matching funds available to various states for the delivery of healthcare benefits to eligible individuals, as well as allows each state to establish its own eligibility standards, benefits package, payment rates, and program administration under broad federal guidelines
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