A one-time $1.1 billion tax benefit under the new U.S. tax law sent Anthem's profits past the billion-dollar mark for the fourth quarter of 2017.
Here are three things to know about Anthem's results for the quarter ended Dec. 31, 2017.
1. Anthem recorded net income of $1.2 billion in the fourth quarter of 2017, compared to $368.4 million in the same period a year prior. In addition to the one-time tax benefit under recently passed U.S. tax reform, Anthem's Medicare and group and self-funded businesses all saw higher enrollment year over year.
2. In the fourth quarter of 2017, Anthem recorded $22.6 billion in expenses, up 7.1 percent compared to the same period a year prior. At the same time, the insurer grew revenue 4.4 percent to $22.7 billion.
3. Anthem's full-year net income for 2017, including the one-time tax benefit, increased 55.6 percent to $3.8 billion, compared to $2.5 billion recorded in 2016.
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