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Mar 31, 2020
Elevance Health Q1 2020 Earnings Report
Anthem demonstrated resilience amidst the national healthcare crisis by supporting members, customers, care providers, associates, and communities through affordable care and recovery.
Key Takeaways
Anthem, Inc. reported a strong first quarter, marked by a 20.7% increase in operating revenue to $29.4 billion, driven by pharmacy product revenue from IngenioRx and higher premium revenue. Medical enrollment reached 42.1 million members, a 3.2% increase year-over-year. The company is focused on increasing access and coverage, adapting tools and policies, leveraging data analytics, and delivering outreach and relief during the COVID-19 pandemic.
Operating revenue increased by 20.7% to $29.4 billion, driven by pharmacy product revenue and premium increases.
Medical enrollment grew to 42.1 million members, a 3.2% increase from the previous year.
GAAP net income per share was $5.94, while adjusted net income per share was $6.48.
Anthem committed $50 million from the Anthem Foundation for COVID-19 response and recovery efforts.
Forward Guidance
Anthem expects GAAP net income to be greater than $21.00 per share and adjusted net income to be greater than $22.30 per share for the full year 2020. Due to the uncertainty caused by COVID-19, the company withdrew all other previously issued financial guidance metrics for 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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