0001193125-13-272480.txt : 20130626 0001193125-13-272480.hdr.sgml : 20130626 20130626160554 ACCESSION NUMBER: 0001193125-13-272480 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130626 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130626 DATE AS OF CHANGE: 20130626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLPOINT, INC CENTRAL INDEX KEY: 0001156039 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 352145715 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16751 FILM NUMBER: 13934550 BUSINESS ADDRESS: STREET 1: 120 MONUMENT CIRCLE CITY: INDIANAPOLIS STATE: IN ZIP: 46204 BUSINESS PHONE: 3174886000 MAIL ADDRESS: STREET 1: 120 MONUMENT CIRCLE CITY: INDIANAPOLIS STATE: IN ZIP: 46204 FORMER COMPANY: FORMER CONFORMED NAME: WELLPOINT INC DATE OF NAME CHANGE: 20041130 FORMER COMPANY: FORMER CONFORMED NAME: ANTHEM INC DATE OF NAME CHANGE: 20010730 8-K 1 d560397d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 26, 2013

 

 

WELLPOINT, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Indiana   001-16751   35-2145715

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

120 Monument Circle

Indianapolis, IN 46204

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (317) 488-6000

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Section 8 – Other Events

Item 8.01. Other Events

WellPoint, Inc. (the “Company”) will change the segments used in its financial reporting to reflect a realignment of its organizational structure, using three new reportable segments: Commercial and Specialty Business, Government Business and Other. The Commercial and Specialty Business segment is comprised of the Local Group, National Accounts, Individual and Specialty businesses. The Government Business segment is comprised of the Medicaid and Medicare businesses, National Government Services and the Federal Employee Program. The Other segment is comprised of certain other businesses that do not meet the quantitative thresholds for separate reportable segment disclosure and the Company’s unallocated corporate expenses. This change will be reflected in the reported results for the second quarter ending June 30, 2013.

Furnished herewith as Exhibit 99.1 is the Company’s press release that contains certain unaudited historical financial results for fiscal years 2011 and 2012, as well as quarterly data for fiscal year 2012 and the first quarter of 2013, revised to reflect the new segment reporting structure. The changes in the reportable segment structure affect only the manner in which the results of the Company’s reportable segments were previously reported and have no impact on reported net income or earnings per share for any period. This Form 8-K does not revise or restate information previously reported in the Company’s Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, Consolidated Statements of Cash Flows or Consolidated Statements of Shareholders’ Equity for any period.

Exhibit 99.1 furnished with this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and unless expressly set forth by specific reference in such filings, shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings.

Section 9 – Financial Statements and Exhibits.

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

The following exhibit is being furnished herewith:

 

Exhibit No.

  

Exhibit

99.1    Press release dated June 26, 2013 announcing WellPoint, Inc.’s new reportable segments.

 

- 2 -


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 26, 2013

 

WELLPOINT, INC.
By:   /s/ Kathleen S. Kiefer
Name:   Kathleen S. Kiefer
Title:   Corporate Secretary

 

- 3 -


EXHIBIT INDEX

 

Exhibit No.

  

Exhibit

99.1    Press release dated June 26, 2013 announcing WellPoint, Inc.’s new reportable segments.

 

- 4 -

EX-99.1 2 d560397dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

PRESS RELEASE

 

LOGO

WELLPOINT SCHEDULES SECOND QUARTER EARNINGS CONFERENCE CALL &

PUBLISHES REPORTABLE SEGMENT INFORMATION

Indianapolis, IN – June 26, 2013 – WellPoint, Inc. (NYSE: WLP) will release second quarter 2013 financial results on July 24, 2013, at 6:00 a.m. Eastern Daylight Time (“EDT”). Management will review these results and its outlook during a conference call at 8:30 a.m. EDT that same morning. The conference call should be accessed at least 15 minutes prior to its start with the following numbers:

 

800-230-1059 (Domestic)    800-475-6701 (Domestic Replay)
612-234-9960 (International)    320-365-3844 (International Replay)

An access code is not required for the July 24, 2013, conference call. The access code for the replay is 272703. The replay will be available from 11:00 a.m. EDT on July 24, 2013, until the end of the day on August 6, 2013. The call will also be available through a live webcast at www.wellpoint.com under “Investors.” A webcast replay will be available following the call.

Additionally, as announced on May 20, 2013, WellPoint has realigned its organizational structure to enhance execution and accountability as the company positions for future growth. Based on this realignment, WellPoint will now have three reportable segments:

 

  1. Commercial and Specialty Business (comprised of the Local Group, National Accounts, Individual and Specialty businesses);

 

  2. Government Business (comprised of the Medicaid and Medicare businesses, National Government Services and the Federal Employee Program); and

 

  3. Other (comprised of unallocated corporate expenses and certain other businesses that do not meet the quantitative thresholds for separate reportable segment disclosure).

This new reportable segment structure will be reflected in WellPoint’s second quarter 2013 financial results. Today, the company published reclassified historical financial information under the new segment structure for informational purposes (refer to page 2). The changes in reportable segment structure affect only the manner in which the results of WellPoint’s reportable segments were previously reported and have no impact on reported net income or earnings per share for any period.


WellPoint, Inc.

Reclassified Reportable Segment Highlights

(Unaudited)

 

    Three Months Ended     Three Months Ended     Three Months Ended     Three Months Ended     Three Months Ended  
    March 31, 2012     June 30, 2012     September 30, 2012     December 31, 2012     March 31, 2013  

Operating Revenue (in millions)

         

Commercial and Specialty Business

  $ 9,858.5      $ 9,782.0      $ 9,751.2      $ 9,675.7      $ 9,812.5   

Government Business

    5,283.3        5,381.8        5,374.1        5,586.5        7,727.5   

Other

    8.4        9.5        8.4        9.1        6.3   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Operating Revenue

    15,150.2        15,173.3        15,133.7        15,271.3        17,546.3   

Operating Gain / (Loss) (in millions)

         

Commercial and Specialty Business

  $ 1,141.9      $ 869.0      $ 852.3      $ 495.8      $ 1,242.3   

Government Business

    80.1        132.7        169.0        (40.0     132.7   

Other

    (9.4     (10.0     (17.5     (24.7     (7.4
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Operating Gain

    1,212.6        991.7        1,003.8        431.1        1,367.6   

Operating Margin

         

Commercial and Specialty Business

    11.6     8.9     8.7     5.1     12.7

Government Business

    1.5     2.5     3.1     (0.7 %)      1.7

Total Operating Margin

    8.0     6.5     6.6     2.8     7.8

Medical Membership (in thousands)

         

Commercial and Specialty Business

    28,791        28,627        28,545        28,504        28,337   

Government Business

    4,882        4,920        4,948        7,626        7,472   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Medical Membership

    33,673        33,547        33,493        36,130        35,809   

 

     Year Ended     Year Ended  
     December 31, 2011     December 31, 2012  

Operating Revenue (in millions)

    

Commercial and Specialty Business

   $ 39,961.2      $ 39,067.4   

Government Business

     19,874.0        21,625.7   

Other

     30.0        35.4   
  

 

 

   

 

 

 

Total Operating Revenue

     59,865.2        60,728.5   

Operating Gain / (Loss) (in millions)

    

Commercial and Specialty Business

   $ 3,344.5      $ 3,359.0   

Government Business

     461.6        341.8   

Other

     (24.0     (61.6
  

 

 

   

 

 

 

Total Operating Gain

     3,782.1        3,639.2   

Operating Margin

    

Commercial and Specialty Business

     8.4     8.6

Government Business

     2.3     1.6

Total Operating Margin

     6.3     6.0

Medical Membership (in thousands)

    

Commercial and Specialty Business

     29,395        28,504   

Government Business

     4,856        7,626   
  

 

 

   

 

 

 

Total Medical Membership

     34,251        36,130   

 

2


WellPoint Contacts:

 

Investor Relations    Media
Doug Simpson, 212- 476-1473    Kristin Binns, 917-697-7802

About WellPoint, Inc.

At WellPoint, we believe there is an important connection between our members’ health and well-being—and the value we bring our customers and shareholders. So each day we work to improve the health of our members and their communities. And, we can make a real difference since we have nearly 36 million people in our affiliated health plans, and nearly 68 million people served through our subsidiaries. As an independent licensee of the Blue Cross and Blue Shield Association, WellPoint serves members as the Blue Cross licensee for California; and as the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (as the Blue Cross Blue Shield licensee in 10 New York City metropolitan and surrounding counties and as the Blue Cross or Blue Cross Blue Shield licensee in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), and Wisconsin. In a majority of these service areas, WellPoint’s plans do business as Anthem Blue Cross, Anthem Blue Cross and Blue Shield, Blue Cross and Blue Shield of Georgia and Empire Blue Cross Blue Shield, or Empire Blue Cross (in the New York service areas). We also serve customers in several additional states through our Amerigroup subsidiary and in certain markets through our CareMore subsidiary. Our 1-800 CONTACTS, Inc. subsidiary offers customers online sales of contact lenses, eyeglasses and other ocular products. Additional information about WellPoint is available at www.wellpoint.com.

 

3

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