Elevance Health Q3 2022 Earnings Report
Key Takeaways
Elevance Health reported a strong third quarter in 2022, with an 11.5% increase in operating revenue to $39.6 billion. GAAP net income was $6.68 per share, and adjusted net income was $7.53 per share. Medical enrollment reached 47.3 million members, a 2.2 million increase year-over-year.
GAAP net income was $6.68 per share, including net negative adjustment items of $0.85 per share; adjusted net income was $7.53 per share.
Operating revenue grew 11.5% year-over-year to $39.6 billion.
Operating gain increased 10.2% over the prior year quarter to $2.3 billion.
Medical enrollment increased by 2.2 million members year-over-year and 232 thousand members during the quarter, reaching 47.3 million members.
Elevance Health
Elevance Health
Elevance Health Revenue by Segment
Forward Guidance
The Company now expects GAAP net income to be greater than $25.33 per share, including approximately $3.62 per share of net unfavorable adjustment items. The Company now expects full-year adjusted net income to be greater than $28.95 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income