April 24, 2018 / 10:08 AM / 5 months ago

Health insurer Centene's profit more than doubles

April 24 (Reuters) - Centene Corp on Tuesday reported a quarterly profit that more than doubled as it added more members to its health insurance plans.

Centene, which primarily focuses on government-sponsored health plans, said net earnings rose to $338 million, or $1.91 per share, in the first quarter ended March 31 from $132 million, or 79 cents per share, a year earlier.

The company’s total revenue rose 12.5 percent to $13.19 billion. (Reporting by Ankur Banerjee in Bengaluru; Editing by Anil D’Silva)

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