Elevance Health Q2 2021 Earnings Report
Key Takeaways
Anthem, Inc. reported a 14.1% increase in operating revenue to $33.3 billion and GAAP net income of $7.25 per share for the second quarter of 2021. Medical enrollment reached 44.3 million members, and the company raised its full-year adjusted net income outlook to greater than $25.50 per share.
GAAP net income was $7.25 per share, including net positive adjustment items of $0.22 per share; adjusted net income was $7.03 per share.
Operating revenue grew by 14.1% over the prior quarter to $33.3 billion, or 15.8% adjusted for the repeal of the health insurance tax.
Medical enrollment increased by 1.9 million members year over year and 820 thousand members in the second quarter to 44.3 million members.
Full year adjusted net income outlook raised from greater than $25.10 per share to greater than $25.50 per share.
Elevance Health
Elevance Health
Elevance Health Revenue by Segment
Forward Guidance
Anthem expects GAAP net income to be greater than $24.89 per share and adjusted net income to be greater than $25.50 per share for the full year 2021. Medical membership is expected to be in the range of 44.8 - 45.3 million and operating revenue is expected to be approximately $137.1 billion.