Elevance Health Q4 2022 Earnings Report
Key Takeaways
Elevance Health reported Q4 2022 results with $39.7 billion in operating revenue and adjusted EPS of $5.23. The company's medical membership reached 47.5 million, driven by growth in both Government and Commercial & Specialty Business segments.
GAAP net income was $3.93 per share in the fourth quarter, and adjusted net income was $5.23 per share.
Medical membership totaled approximately 47.5 million as of December 31, 2022, an increase of 2.2 million year-over-year.
Operating revenue was $39.7 billion in the fourth quarter of 2022, an increase of 10.1 percent year-over-year.
The benefit expense ratio was 89.4 percent in the fourth quarter of 2022, a decrease of 10 basis points year-over-year.
Elevance Health
Elevance Health
Elevance Health Revenue by Segment
Forward Guidance
The Company expects GAAP net income to be greater than $29.80 per share in 2023, and adjusted net income to be greater than $32.60 per share.