UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
_______________________
Date of Report
(Date of earliest
event reported): February 11, 2003
Cobalt Corporation
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(Exact name of registrant as specified in its charter)
Wisconsin 1-14177 39-1931212
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
401 West Michigan Street
Milwaukee, Wisconsin 53203
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(Address of principal executive offices including zip code)
(414) 226-6900
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(Registrant's telephone number)
Item 9. Regulation FD Disclosure.
On February 11, 2003, Cobalt Corporation issued a press release announcing
its earnings for the fourth quarter and full year 2002 and increasing its
previously issued earnings guidance for 2003. A copy of the press release is
furnished as Exhibit 99.1 hereto and is incorporated herein by reference. Also
on February 11, 2003, Cobalt Corporation released its Consolidated Statements of
Operations for the three month periods ended December 31, 2002 and 2001 and for
the year ended December 31, 2002 and 2001 (unaudited). A copy of these
Consolidated Statements of Operations is furnished as Exhibit 99.2 hereto and is
incorporated herein by reference. On February 11, 2003, Cobalt Corporation
released its Quarterly Highlights as of December 31, 2002. A copy of these
Quarterly Highlights is furnished as Exhibit 99.3 and is incorporated herein by
reference.
This Current Report on Form 8-K contains "forward-looking statements"
within the meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking statements can
generally be identified because they are preceded by or include words like
"anticipate," "believe," "estimate," "expect," "forecast," "objective," "plan,"
"possible," "potential," "project" and similar expressions. Forward-looking
statements are statements based upon management's expectations at the time such
statements are made and are subject to risks and uncertainties that could cause
the Company's actual results to differ materially from those contemplated in the
statements. Those risks and uncertainties include rising health care costs,
business conditions, impact of elimination of memberships, competition in the
managed care industry, developments in health care reform and other regulatory
issues. Readers are cautioned not to place undue reliance on forward-looking
statements.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
(99.1) Press Release, dated February 11, 2003, issued by Cobalt
Corporation.
(99.2) Cobalt Corporation Consolidated Statements of Operations
for the Three Month Periods ended December 31, 2002 and
2001 and the Fiscal Years ended December 31, 2002 and
2001 (Unaudited).
(99.3) Cobalt Corporation Quarterly Highlights (Unaudited)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COBALT CORPORATION
Date: February 21, 2003
By: /s/ Gail L. Hanson
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Gail L. Hanson
Senior Vice President, Treasurer
and Chief Financial Officer
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COBALT CORPORATION
EXHIBIT INDEX TO FORM 8-K
Report Dated February 11, 2003
Exhibit No. Description
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99.1 Press Release, dated February 11, 2003, issued by Cobalt
Corporation.
99.2 Cobalt Corporation Consolidated Statements of Operations
for the Three Month Periods ended December 31, 2002 and
2001 and the Year ended December 31, 2002 and 2001
(Unaudited).
99.3 Cobalt Corporation Quarterly Highlights (Unaudited).