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Health Net, Inc.
21650 Oxnard Street
Woodland Hills, CA 91367
Contacts: David Olson
HEALTH NET REPORTS FOURTH QUARTER NET INCOME
OF $85 MILLION, OR $.72 PER DILUTED SHARE
Health Plan MCR Improves by 120 Basis Points Sequentially;
Commercial Enrollment Climbs From Third Quarter;
Health Net Repurchased 5.5 Million Shares in the Fourth Quarter for $250 Million;
Company Records $37 Million Pretax Litigation-Related Charge in Quarter
LOS ANGELES, February 8, 2007 Health Net, Inc. (NYSE: HNT) today announced 2006 fourth quarter net income per diluted share of $.72 compared with net income per diluted share of $.65 in the fourth quarter of 2005. The quarters results were impacted by a pretax charge of $37,093,000, or $.19 per diluted share on an after-tax basis. If the charge were excluded, Health Nets earnings per diluted share for the quarter would have been $.91.
The following information was filed by Health Net Inc (HNT) on Thursday, February 8, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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