INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Wednesday reported fourth-quarter profit of $856 million.

On a per-share basis, the Indianapolis-based company said it had profit of $3.63. Earnings, adjusted for one-time gains and costs, were $5.62 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $5.55 per share.

The health insurer posted revenue of $42.65 billion in the period. Its adjusted revenue was $42.45 billion, which also topped Street forecasts. Thirteen analysts surveyed by Zacks expected $41.82 billion.

For the year, the company reported profit of $5.99 billion, or $25.22 per share. Revenue was reported as $170.21 billion.

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