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Sep 30, 2023
Elevance Health Q3 2023 Earnings Report
Elevance Health reported strong financial performance driven by its diversified portfolio and strategic investments.
Key Takeaways
Elevance Health reported a solid third quarter with adjusted net income of $8.99 per share and operating revenue of $42.5 billion. The company is increasing its full-year earnings outlook based on year-to-date outperformance.
GAAP net income was $5.45 per share, including net negative adjustment items of $3.54 per share.
Adjusted net income was $8.99 per share.
Operating gain, excluding adjustment items, grew 12.6% year-over-year to $2.5 billion.
Operating cash flow was $2.6 billion.
Revenue by Segment
Forward Guidance
The Company now expects GAAP net income to be greater than $26.40 per share in 2023, and adjusted net income to be greater than $33.00 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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