October 23, 2019 / 10:11 AM / 25 days ago

Anthem third-quarter profit rises 23%

Oct 23 (Reuters) - Health insurer Anthem Inc reported a 23% rise in quarterly profit on Wednesday, boosted by its new pharmacy benefits business and higher sales of its government-backed health plans.

Net income rose to $1.18 billion, or $4.55 per share, in the third quarter ended Sept. 30 from $960 million, or $3.62 per share, a year earlier.

Total revenue rose to $26.67 billion from $23.25 billion. (Reporting by Tamara Mathias and Trisha Roy in Bengaluru; Editing by Anil D’Silva)

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