The health insurer’s earnings adjusted for one-time items totaled $3.14 per share, which was more than the average analyst estimate of $2.67 per share, according to Reuters.
Anthem’s operating revenue was up about 7 percent in the first quarter, growing to $18.85 billion. The health insurer experienced a 25 percent jump in Medicaid enrollment in the first quarter of fiscal 2015, which was a major force behind Anthem’s strong revenue growth.
Based on its quarter-one financials, Anthem expects full year adjusted earnings of greater than $9.90 per share, up from its previous forecast of greater than $9.70 per share.
More articles on payer issues:
7-Eleven: The one-stop shop for Slurpees and health insurance?
UnitedHealth posts $1.4B profit for Q1
Aetna fined $1M over pharmacy network errors
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
