AMERIGROUP Corporation (NYSE:AGP) announced that net income for the third quarter of 2011 was $48.1 million, or $0.96 per diluted share, versus net income of $84.3 million, or $1.68 per diluted share, for the third quarter of 2010 and compared to $44.3 million, or $0.83 per diluted share, for the second quarter of 2011. The third quarter 2011 was positively impacted by approximately $20.4 million of retroactive premium revenue, or $0.25 earnings per diluted share.

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