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Sep 30, 2020
Elevance Health Q3 2020 Earnings Report
Anthem reported third quarter results reflecting COVID-19 impacts and healthcare utilization recovery, while upholding commitment to stakeholders.
Key Takeaways
Anthem, Inc. reported a Q3 2020 operating revenue of $30.6 billion, up 15.9% year-over-year, driven by growth in Medicaid and Medicare. Medical enrollment totaled approximately 42.6 million members. GAAP net income was $0.87 per share, and adjusted net income was $4.20 per share.
Medical enrollment totaled approximately 42.6 million members, a 0.4% increase from the previous quarter.
Operating revenue was $30.6 billion, up 15.9% year-over-year.
GAAP net income was $0.87 per share, including net negative adjustment items of $3.33 per share.
Adjusted net income was $4.20 per share.
Forward Guidance
Full Year 2020: GAAP net income is expected to be greater than $17.87 per share, including approximately $4.43 per share of net unfavorable items. Excluding these items, adjusted net income is expected to be greater than $22.30 per share. Due to unprecedented uncertainty around the COVID-19 pandemic and its impact, the Company is not providing other financial guidance metrics for 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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