UPDATE 1-Anthem reports better-than-expected earnings, raises 2019 profit forecast [Reuters (UK)]
Anthem, Inc. (ANTM)
Last anthem, inc. earnings: 4/29 06:00 am
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Source: Reuters
UPDATE 1-Anthem reports better-than-expected earnings, raises 2019 profit forecast - Reuters 2 Min Read (Compares with analyst estimates, add details on quarter) April 24 (Reuters) - Anthem Inc’s first-quarter profit beat Wall Street estimates on Wednesday, as revenue from its commercial and government businesses rose, and the health insurer raised its earnings target for the year. Anthem said it now expects 2019 adjusted earnings to be above $19.20 per share, higher than a prior estimate of more than $19.00. The company’s benefit expense ratio — the percentage of premiums taken in that are paid out for medical services — worsened to 84.4 percent in the quarter from 81.5 percent a year earlier, partly due to the one-year waiver of the health insurance tax in 2019. Analysts on average had expected 84 percent, according to IBES data from Refinitiv. Members in Anthem’s health plans rose by 1.2 million to 40.8 million, helped by growth in the government business which provides Medicare he
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