WellPoint 2007 Annual Report Download

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Customer First
WELLPOINT, INC.
2007 SUMMARY ANNUAL REPORT

Table of contents

  • Page 1
    Customer First WELLPOINT, INC. 2007 SUMMARY ANNUAL REPORT

  • Page 2
    ...New York :: PAGE 20 CORPORATE PROFILE :: WellPoint, Inc. is the largest health benefits company ...care insurance and flexible spending accounts. WellPoint is an independent licensee of the ..., please see pages 24-25. OUR VISION :: WellPoint will transform health care and become the most valued company...

  • Page 3
    ...of their lives. 26 : : Financial Highlights 30 : : Board of Directors 31 : : Executive Leadership Team 32 : : Shareholder Information This report is also available online at www.wellpoint.com/ annualreport/2007 and includes additional video interviews. WellPoint, Inc. 2007 Summary Annual Report 1

  • Page 4
    ...New York, the profiles in this report illustrate how we - our plans, our programs, and our people - are focused on improving the lives of the people we serve. 2007 review In June of 2007 I was greatly honored to be appointed President and CEO of WellPoint, following the retirement of Larry Glasscock...

  • Page 5
    ... WellPoint, we know that our future success depends on putting our customers first, earning their trust and loyalty each and every day. That is why we are here, and that is what we will continue to do. Angela F. Braly President and Chief Executive Officer WellPoint, Inc. 2007 Summary Annual Report...

  • Page 6
    ...care for mothers as well as immunization and preventive care for children, WellPoint helps to ensure that all of the children in the communities we serve.... Small employers want to offer their employees affordable coverage. WellPoint's companies offer a variety of programs tailored to meet both...

  • Page 7
    ... more on page 14. Life Decisions Aging brings special health challenges. WellPoint's companies offer an array of programs that address the unique health needs of seniors, with services that go well beyond traditional health care. Read more on page 18. WellPoint, Inc. 2007 Summary Annual Report 5

  • Page 8
    "Adrien is back doing what 10-year-olds should be doing KAREN KITCHEN : : WellPoint senior health promotion consultant, Fresno, California 6 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 9
    ..., and immunizations help healthy babies grow into healthy children. At the beginning of life, simple care and preventive medicine can deliver big benefits. WellPoint offers an array of programs that support the health of every child in the communities we serve. "Without Karen and Pat, Adrien wouldn...

  • Page 10
    ...local resources that might aid in Adrien's treatment. For example, Karen Kitchen, a WellPoint senior health promotion consultant, helped Rachelle work with her landlord, her utility company, and...the White House for President George H.W. Bush. 8 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 11
    ...Mother of premature twins Atlanta, Georgia Advocating coverage for every child In January 2007, WellPoint proposed our Action Plan for the Uninsured, a blend of public and private...Malley, SCHIP Program Enrollment: December 2003 Update, KCMU (July 2004). WellPoint, Inc. 2007 Summary Annual Report 9

  • Page 12
    "I would not be "I feel like I am winning at the game DUSTIN BINGHAM :: Anthem member, Torrington, Connecticut 10 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 13
    ... about programs, treatment options, and costs. where I am today without Robin." of life." Turn the page to read about the ways in which WellPoint programs meet the unique needs of members such as Dustin Bingham and Karlene Medina, and how we're making benefits administration simpler for small...

  • Page 14
    ... I am today without Robin," Dustin said. "I feel like I am winning at the game of life. Robin is a big part of that." 12 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 15
    ... less time administering their health benefits and more time running their businesses. In 2007, WellPoint introduced in several markets a new Web site, called EmployerAccess, that lets small... 100 percent of hospital and physician expenses are covered." WellPoint, Inc. 2007 Summary Annual Report 13

  • Page 16
    "Linda really listened." "We're realizing that making smart choices really CAROL HADDIX :: Anthem member, Colorado Springs, Colorado 14 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 17
    ... on fitness and weight control. Employers look for coverage that meets those needs for their employees while remaining affordable. That's why WellPoint offers a broad and flexible range of services for growing families and works with employers to implement comprehensive wellness strategies. makes...

  • Page 18
    ... Springs, Colorado, had been feeling unhealthy and frustrated about her weight. Then one night in January 2007, Carol came home to find a message on her answering machine from her health coach, Linda Jones... help them reach their goals." 16 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 19
    ... is the nation's largest broadline closeout retailer, with more than 38,000 employees, $4 billion in annual revenue, and more than 1,350 stores in 47 states. When the company began searching for a ... gets them the quality of care they're looking for." WellPoint, Inc. 2007 Summary Annual Report 17

  • Page 20
    "Janet has helped so much." "She wants to make sure my dad stays and out of the hospital, healthy 18 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 21
    ... seniors. and so far, so good." WENDY DAVID :: Daughter of Medicare Advantage member Julian David, Harlem, New York Turn the page to read about how WellPoint helps senior members get the care they need, and how we make it easier for Medicare members to navigate the array of government programs. 19

  • Page 22
    ..., and connecting them with needed community resources. They are an important part of WellPoint's Custom Care Connection program, which proactively assesses each member's health and health care... Janet Kent made all and everything possible." 20 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 23
    ...questions, and work with their prescribing physicians for improved outcomes. In October 2007, WellPoint opened a new state-of-the-art PrecisionRx facility in Indianapolis. Computers help...Medicare-eligible beneficiaries will gain the benefits they need." WellPoint, Inc. 2007 Summary Annual Report 21

  • Page 24
    ...also the tools and information needed to make informed health care decisions. WellPoint is also a leader in making the cost and quality of health ... receive expert-recommended care only about half of the time, and a landmark report by the Institute of Medicine found that as many as 98,000 people die...

  • Page 25
    ... and others have called for cutting payments to the Medicare Advantage program. OUR POSITION WellPoint believes that Medicare beneficiaries should continue to have access to a wide range of Medicare ...confidential individual health information is secure. WellPoint, Inc. 2007 Summary Annual Report 23

  • Page 26
    ... shows 1.4M 2.4M the diversity of our 34.8 million medical 4.5M 2.2M members, as of December 31, 1.2M 16.7M 2007. 6.4M Specialty Products and Services WellPoint's subsidiary health plans offer a full range of specialty products and services to our customers, such as: : : Pharmacy Benefit Management...

  • Page 27
    ... of $23 million to community causes through its matching grant program. :: WellPoint has created or funded independent charitable foundations in many states we serve. :: WellPoint's Social Responsibility Report is available online at www.wellpoint.com. WellPoint, Inc. 2007 Summary Annual Report 25

  • Page 28
    ... financial statements and accompanying notes and Management's Discussion and Analysis of Financial Condition and Results of Operations included in WellPoint's 2007 Annual Report on Form 10-K. Note 2 : : Certain prior year amounts have been reclassified to conform to current year presentation. TOTAL...

  • Page 29
    ... (In millions, except share data) Years ended December 31 2007 2006 Assets Current assets: Cash and cash equivalents Investments available-for... audited financial statements and accompanying notes included in WellPoint's 2007 Annual Report on Form 10-K. WellPoint, Inc. 2007 Summary Annual Report 27

  • Page 30
    Consolidated Statements of Income (In millions, except per share data) 2007 $55,865.0 3,674.6 582.4 60,122.0 1,001.1 11.2 61,134.3 46,036.1 1,716.8 6,984.7 8,701.5 400.2... financial statements and accompanying notes included in WellPoint's 2007 Annual Report on Form 10-K. 28 Customer First : : www...

  • Page 31
    Consolidated Statements of Cash Flow (In millions) 2007 $ 3,345.4 (11.2) 11.3 (105.5) 466.0 120.2 177.1 (153.3) (448.6) 26.9 174.4 257.7 125.5 (235.2) 176.5 447.3...statements and accompanying notes included in WellPoint's 2007 Annual Report on Form 10-K. WellPoint, Inc. 2007 Summary Annual Report 29

  • Page 32
    ... Bancorp Jackie M. Ward Retired CEO, Computer Generation Inc. John E. Zuccotti Chairman, Brookfield Financial Properties and of counsel, Weil Gotshal & Manges LLP 30 Customer First : : www.wellpoint.com/annualreport/2007

  • Page 33
    ... and Chief Medical Officer Brian A. Sassi President and CEO, Consumer Business Unit and Executive Vice President James T. Parker Senior Vice President and Chief of Staff WellPoint, Inc. 2007 Summary Annual Report 31

  • Page 34
    ...WellPoint, Inc.'s Annual Report to Shareholders). WellPoint's Annual Report and other information are also available on WellPoint's Investor Relations Web site at www.wellpoint.com. To request an Annual Report... the NYSE for the periods indicated. 2007 First Quarter Second Quarter Third Quarter Fourth...

  • Page 35
    ... :: PAGE 17 "To have an individual who can serve as an is extremely valuable." DR. ALLISON BURKETT : : Mother of premature twins Atlanta, Georgia :: PAGE 9 advocate WellPoint, Inc. 2007 Summary Annual Report a

  • Page 36
    ..., dental, vision, behavioral health benefit services, as well as long term care insurance and flexible spending accounts. Headquartered in Indianapolis, Indiana, WellPoint is an independent licensee of the Blue Cross and Blue Shield Association and serves its members as the Blue Cross licensee for...