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Mar 31, 2023
Elevance Health Q1 2023 Earnings Report
Elevance Health reported strong financial performance in Q1 2023, marked by double-digit growth in revenue, operating earnings, and adjusted earnings per share.
Key Takeaways
Elevance Health reported a strong start to 2023, with a 10.6% year-over-year increase in operating revenue to $41.9 billion and a 16.6% increase in operating gain to $2.8 billion. Adjusted net income was $9.46 per share, and medical enrollment reached 48.1 million members.
GAAP net income was $8.30 per share, including net negative adjustment items of $1.16 per share.
Adjusted net income was $9.46 per share.
Operating revenue grew 10.6% year-over-year to $41.9 billion.
Medical enrollment increased to 48.1 million members.
Revenue by Segment
Forward Guidance
Elevance Health expects GAAP net income to be greater than $29.50 per share in 2023, and adjusted net income to be greater than $32.70 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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