Insurance company Coventry Health Care has reported operating revenue of $2.79 billion for the period ended December 31, 2007, compared to $1.94 billion for the fourth quarter of 2006.
Net earnings were $184.3 million, or $1.18 per diluted share for the fourth quarter of 2007, compared to $156 million, $0.97 per diluted share for the fourth quarter of 2006.
For the full-year period ended December 31, 2007, total revenues were $9.88 billion, an increase of 28%, compared to the full-year period of 2006. Net earnings were $626.1 million, or $3.98 per diluted share, an increase of 15% for the full-year period of 2007, compared to the full-year period of 2006.
Dale Wolf, CEO, said: Coventry’s 2007 results were characterized by strong financial and operational performance, with the fourth quarter as no exception. Our 2007 organic growth initiatives and capital deployment activities have positioned us well for another year with revenue growth and steady and reliable earnings results.