Edition:
United Kingdom

Anthem Reports First Quarter 2019 Results, Raises Full Year Outlook


Wednesday, 24 Apr 2019 

April 24 (Reuters) - Anthem Inc ::ANTHEM REPORTS FIRST QUARTER 2019 RESULTS, RAISES FULL YEAR OUTLOOK.Q1 EARNINGS PER SHARE $5.91.Q1 REVENUE $24.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $24.27 BILLION.Q1 ADJUSTED EARNINGS PER SHARE $6.03.SEES FY REVENUE ABOUT $100 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $5.81 -- REFINITIV IBES DATA.Q2 2019 DIVIDEND OF $0.80 PER SHARE DECLARED TO SHAREHOLDERS."OUR Q1 2019 RESULTS REPRESENT A STRONG START TO YEAR".MEDICAL ENROLLMENT TOTALED APPROXIMATELY 40.8 MILLION MEMBERS AT MARCH 31, 2019, AN INCREASE OF 1.2 MILLION, OR 2.9 PERCENT, FROM MARCH 31, 2018.BENEFIT EXPENSE RATIO WAS 84.4 PERCENT IN Q1 OF 2019, AN INCREASE OF 290 BASIS POINTS FROM 81.5 PERCENT IN PRIOR YEAR QUARTER.SEES 2019 BENEFIT EXPENSE RATIO IN THE RANGE OF 86.2% PLUS OR MINUS 30 BASIS POINTS.DURING Q1, RECORDED NET REALIZED GAINS ON FINANCIAL INSTRUMENTS $78 MILLION AND OTHER-THAN-TEMPORARY IMPAIRMENT LOSSES $10 MILLION.ANTHEM - SEES FY GAAP NET INCOME IS NOW EXPECTED TO BE GREATER THAN $18.27 PER SHARE, INCLUDING APPROXIMATELY $0.93 PER SHARE OF NET UNFAVORABLE ITEMS.ANTHEM - AS OF MARCH 31, 2019, COMPANY'S NET UNREALIZED GAIN POSITION IN INVESTMENT PORTFOLIO WAS $255 MILLION, CONSISTING OF FIXED MATURITY SECURITIES.EXCLUDING ITEMS, FY ADJUSTED NET INCOME IS NOW EXPECTED TO BE GREATER THAN $19.20 PER SHARE.FOR FY 2019, CO CONTINUES TO EXPECT UNDERLYING LOCAL GROUP MEDICAL COST TREND WILL BE IN RANGE OF 6.0% PLUS OR MINUS 50 BASIS POINTS.