Elevance Health reports Q2 earnings
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Indianapolis-based Elevance Health Inc. (NYSE: ELV), formerly known as Anthem, is reporting second quarter net income of $1.6 billion, down from $1.8 billion during the same period a year ago. The health insurance provider says it saw double-digit growth in revenue and operating earnings.
“The disciplined execution of our strategy, and the balance and resilience of our diversified portfolio of businesses has enabled us to deliver another quarter of strong organic growth, and we have raised our outlook for 2022 earnings per share as a result,” said Elevance Health President and Chief Executive Officer Gail Boudreaux. ”We are uniquely well-positioned for growth in the future as we remain focused on meeting the needs of our clients and customers.”
During the quarter, Elevance Health completed its acquisition of Integra Managed Care, a Managed Long-Term Care Plan in New York.
Integra, which provides services to adults with long-term care needs and disabilities, serves more than 40,000 Medicaid members.
Elevance Health says its medical enrollment has increased 2.7 million members year-over-year and 276 thousand members during the quarter to 47.1 million members.
Click here to review the report.