Anthem Profit Jumps in Q3
The resulting business will be based at Anthem's Indianapolis headquarters.
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Anthem Inc. (NYSE: ANTM) is reporting third quarter net income of $960 million, compared to $747 million during the same period last year. Chief Executive Officer Gail Boudreaux says the insurance provider’s performance and expectation of continued growth are prompting a boost to the full-year outlook.
On the membership front, Anthem says total membership was down slightly from the same quarter last year to 39.5 million. For the full-year, the company expects medical membership to be in the range of 39.9 million – 40.1 million.
Boudreaux says she is pleased with the results of the first nine months of the year. "Our third quarter 2018 results reflect solid operating performance and ongoing positive momentum across our businesses, and I am confident that we are entering 2019 in a position of strength. We have made significant progress towards improving execution and are focused on advancing our consumer, clinical, and digital capabilities," she said. "We remain committed to accelerating growth and will continue to invest in innovative, effective, and scalable healthcare solutions designed to improve the quality and total cost of care for our members."
You can connect to more about Anthem’s third quarter earnings report by clicking here.