Anthem, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for the Full Year of 2016
January 27, 2016 at 06:00 am
Share
Anthem, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total operating revenue of $20,023.7 million against $18,776.2 million a year ago. Total revenues were $20,187.9 million against $18,984.3 million a year ago. Income from continuing operations before income tax expense was $374.3 million against $887.1 million a year ago. Income before income tax expense was $374.3 million against $887.1 million a year ago. Net income was $180.9 million or $0.68 per diluted share against $506.7 million or $1.80 per diluted share a year ago. These results included net negative adjustment items of $0.46 per share. Adjusted net income was $305.8 million or $1.14 per diluted share against $521.5 million or $1.86 per diluted share a year ago. The growth in revenue reflected premium increases to cover overall cost trends and higher enrollment in the Medicaid and Commercial self-funded businesses. These increases were partially offset by a decline in Local Group fully insured and Individual enrollment.
For the full year, the company reported total operating revenue of $78,404.8 million against $73,021.7 million a year ago. Total revenues were $79,156.5 million against $73,874.1 million a year ago. Income from continuing operations before income tax expense was $4,631.0 million against $4,368.1 million a year ago. Income from continuing operations was $2,560.0 million against $2,560.1 million a year ago. Net income was $2,560.0 million or $9.38 per diluted share against $2,569.7 million or $8.99 per diluted share a year ago. Net cash provided by operating activities was $4,116.0 million against $3,369.3 million a year ago. Net purchases of property and equipment were $602.9 million against $626.6 million a year ago. Adjusted net income was $2,771.7 million or $10.16 per diluted share against $2,673.2 million or $9.35 per diluted share a year ago.
For the full year 2016, GAAP EPS is expected to be greater than $10.35 per share. Full year adjusted net income is expected to be greater than $10.80 per share. Operating revenue is expected to be within the range of $80.0 billion to $81.0 billion. Interest expense expected to be $630 million. Effective tax rate is expected to be 43.5% to 45.5%. Operating cash flow is expected to be greater than $3.0 billion. Tax rate to be in the range of 43.5% to 45.5%.
Elevance Health, Inc. is the American leading of health insurance. The group provides a broad range of medical and specialty products and services (life and disability insurance, medication, dental, vision insurance system and behavioral care insurance system, long-term health care insurance, medical expenses management, etc.).
Elevance Health, Inc. is an independent licensee of the Blue Cross and Blue Shield Association, an independent association providing health insurance system.
At the end of 2023, the group had nearly 47 million medical members.
Anthem, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for the Full Year of 2016