Elevance Health Inc · Q2 2021 earnings

Briefing

Anthem reported strong financial performance in the second quarter of 2021 and raised full-year outlook.

Anthem, Inc. reported a 14.1% increase in operating revenue to $33.3 billion and GAAP net income of $7.25 per share for the second quarter of 2021. Medical enrollment reached 44.3 million members, and the company raised its full-year adjusted net income outlook to greater than $25.50 per share.

• GAAP net income was $7.25 per share, including net positive adjustment items of $0.22 per share; adjusted net income was $7.03 per share.
• Operating revenue grew by 14.1% over the prior quarter to $33.3 billion, or 15.8% adjusted for the repeal of the health insurance tax.
• Medical enrollment increased by 1.9 million members year over year and 820 thousand members in the second quarter to 44.3 million members.
• Full year adjusted net income outlook raised from greater than $25.10 per share to greater than $25.50 per share.

Headline financials

Revenue & EPS history

Anthem expects GAAP net income to be greater than $24.89 per share and adjusted net income to be greater than $25.50 per share for the full year 2021. Medical membership is expected to be in the range of 44.8 - 45.3 million and operating revenue is expected to be approximately $137.1 billion.