Brief: LV insurer posts 13 percent gain in profit
Tuesday, Nov. 3, 1998 | 2:32 a.m.
Quarterly revenues of $281.1 million jumped 53 percent, mainly because of Sierra's new military health contract on the East Coast. That contract is in jeopardy because of a competitor's challenge.
Sierra also reported growth in its Medicare HMO, workers' compensation and new Houston HMO businesses.
Sierra last week announced plans to acquire Mutual of Omaha's Nevada health insurance operation, and this week completed its acquisition of Kaiser Permanente's Southwest Division in the Dallas area.
Sierra also disclosed it expects its effective tax rate to increase in 1999 and reach the 35 percent level by the year 2000. This is because of reductions in deferred income tax benefits from two mergers and new state taxes Sierra is paying in Maryland.
archive
- Most Read
- Discussed
- Most E-mailed
- Scientology foe’s arrest raises issue of rights
- ‘Stripper-mobile’ with live dancers raises safety, decency concerns
- Manny Pacquiao, Miguel Cotto arrive at MGM Grand
- Cada cherishes moment as poker’s youngest champ
- $5.1 million later, life goes on for Darvin Moon
- Miguel Cotto camp says big cut in June fight an asset now
- Vegas resorts get new places on Monopoly game board
- Fight snapshot: Arum takes a pot shot during Pacquiao training
- Rebels old and new celebrate anniversary of 1990 title
- Rebels survive scare from Division-II Washburn
Blogs
TUF Heavyweights
Episode 9: Funky chickens
Shark Bytes
Players on championship team always worked hard (5 Comments)
Sports: Upon Further Review
Fight snapshot: Predictions for Pacquiao-Cotto (1 Comment)
The Kats Report
A lesson in information dissemination, with a little Twitter and a lot of Agassi
Now and Then
Ichabods were tougher than they sound (2 Comments)
Politics: Ralston's Flash
I shudder to think what the “amazing door prize from the governor” might be (7 Comments)
Pew Center report finds what others have: Nevada's economy depressed, future in doubt (7 Comments)
Calendar »
- 12 Thu
- 13 Fri
- 14 Sat
- 15 Sun
- 16 Mon
-
Las Vegas Wranglers vs. Utah Grizzlies
Orleans Hotel-Casino
-
Lily Tomlin at the Hollywood Theatre
Hollywood Theatre at MGM Grand
-
Leonard Cohen at The Colosseum
The Colosseum | 8 p.m. to 11 p.m.
-
Football specials at Diablo's
Diablos Cantina
The Sun
Locally owned and independent for more than 50 years.
Technorati










