Coventry’s First Health unit enjoyed an uptick in workers comp revenues in 2006 from Q1 to Q2, but revenues have been essentially flat over the last five quarters.
Here are the work comp division’s revenue numbers (in millions of dollars)
2005 Q2 $54
2005 Q3 $51
2005 Q4 $53
2006 Q1 $51
2006 Q2 $55
Overall, the entire FH division (work comp, commercial, and other lines) has seen declining revenues, from $224 million in Q2 2005 to $215 million in the most recent quarter. Note that the most recent 10-Q filing indicates revenues have gone up appreciably from the first half of 2005 to this year; this is partly because the acquisition did not close until January 28 2005, making revenue numbers from that quarter artificially low.
More on First Health is here.
Aug
11
