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Anthem tops profit and revenue estimates in latest quarter

Anthem Inc. (ANTM) said Wednesday it had net income of $1.793 billion, or $7.25 a share, in the second quarter, down from $2.276 billion, or $8.91 a share, in the year-earlier period. Adjusted per-share earnings came to $7.03, ahead of the $6.34 FactSet consensus. Revenue rose 15.7% to $33.851 billion from $29.264 billion, ahead of the $33.125 billion FactSet consensus. The health benefits company said medical enrollment totaled about 44.3 million members as of June 30, up by 1.9 million, or 4.4%. Government business enrollment rose by 2.1 million, driven by Medicaid. Commercial & specialty business enrollment fell by 174,000. The company realized net realized investment gains of $172 million, up from $29 million a year ago. The company is now expecting full-year GAAP EPS of more than $24.89 and adjusted EPS of more than $25.50. The current FactSet consensus is for full-year EPS of $25.56. Shares were not yet active premarket, but have gained 21% in the year to date, while the S&P 500 has gained 15%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

07-21-21 0614ET

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