ANTM Anthem Inc

   By Allison Prang 
 

Anthem Inc. (ANTM) is guiding for operating revenue and earnings on a reported and adjusted basis to come in higher than analysts are expecting.

The company said Wednesday it anticipates reporting adjusted earnings for 2019 of more than $19 a share. Analysts polled by Refinitiv are expecting the company to report adjusted earnings for the year of $17.61 a share.

On a reported basis, Anthem expects earnings to be more than $18 a share. Analysts polled by Refinitiv are expecting $16.80 a share.

The company also expects operating revenue to be about $100 billion. Analysts polled by Refinitiv are expecting $97.65 billion. The company is expecting premium revenue to be between $90.5 billion and $92.5 billion.

Anthem is also expecting medical membership between 40.9 million and 41.3 million, it said. It's expecting self-funded membership to be between 25.4 million and 25.6 million and for fully-insured membership to be between 15.5 million and 15.7 million.

The health insurer also said it is anticipating operating cash flow to be more than $5.2 billion. It expects its cost of products sold to be between $1.6 billion and $1.8 billion.

The company is also expecting $1 billion in investment income.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

January 30, 2019 06:55 ET (11:55 GMT)

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