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By Matt Grossman Anthem Inc. Tuesday raised its full-year earnings guidance after topping analysts profit forecasts for the first three months of the year. The Indianapolis-based insurer said it now expects adjusted net income of more than $25.10 a share this year, compared with a previous forecast of greater than $24.50 a share. The company forecast operating revenue of $135.1 billion for the year. Analysts surveyed by FactSet had been forecasting adjusted earnings of $24.70 a share, and revenue of $135.77 billion. Write to Matt Grossman at [email protected] (END) Dow Jones Newswires ....
Anthem Raises Earnings Guidance WASHINGTON (dpa-AFX) - Anthem, Inc. (ANTM) has increased its full year adjusted net income per share outlook from greater than $24.50 share to greater than $25.10. Operating revenue is expected to be approximately $135.1 billion, including premium revenue of $114.5 billion - $115.5 billion. Medical membership is expected to be in the range of 44.1 - 44.7 million. First quarter adjusted net income per share declined to $7.01 from $6.48, last year. GAAP net income was $6.71 per share in the first quarter, including net negative adjustment items of $0.30 per share. First quarter operating revenue was $32.1 billion, an increase of 9.0 percent, and 10.7 percent after adjusting for the health insurance tax. ....
MedCity News Anthem, K Health, Blackstone launch digital health company The new joint venture will bring K Health s artificial intelligence-driven technology to the consumer, employer and insurer markets. The solution enables patients to understand their symptoms and connect with a doctor if needed. Shares0 Anthem has partnered with digital health startup K Health and funds managed by investment firm Blackstone to launch a technology-focused joint venture. The financial terms of the venture launch were not disclosed. Called Hydrogen Health, the joint venture will bring K Health’s artificial intelligence-driven technology to the consumer, employer and insurer markets, said K Health CEO Allon Bloch, in a phone interview. Bloch will also serve as CEO of Hydrogen Health. ....