Anthem 4Q Earnings Increase on Membership Growth
January 26 2022 - 6:45AM
Dow Jones News
By Matt Grossman
Anthem Inc. Wednesday recorded a rise in earnings year over year
in the last three months of 2021, with the company posting gains in
premium revenue as Medicaid, Medicare and commercial membership all
grew.
The health insurer posted earnings of $4.63 a share, up from
$2.19 a share a year earlier. Net income rose to $1.14 billion,
from $551 million.
Stripping out one-time items, Anthem's adjusted earnings were
$5.14 a share. Analysts polled by FactSet had forecast adjusted
earnings of $5.11 a share.
Revenue grew to $36.58 billion, from $31.82 billion in 2020's
fourth quarter. Analysts were forecasting revenue of $36.5
billion.
Premiums were up 14% year over year at $30.77 billion.
Medical enrollment was 45.4 million as of the end of the
quarter, up by 5.7% year over year. Anthem said that higher
membership across commercial and government-benefits-based plans
drove stronger operating revenue.
The benefit expense ratio, a measure of the proportion of
premiums paid out in healthcare costs, was 89.5% up by 0.6
percentage points from the third quarter.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
January 26, 2022 06:30 ET (11:30 GMT)
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