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Sep 30, 2022
Elevance Health Q3 2022 Earnings Report
Elevance Health reported strong financial performance with double-digit growth in revenue, operating earnings, and adjusted earnings per share.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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