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Anthem stories $1.1B in revenue for This fall, doubling its haul yr over yr

Anthem reported $1.1 billion in revenue for the fourth quarter, greater than doubling its haul of $551 million in the fourth quarter of 2020.

The outcomes beat Wall Road, in keeping with analysts from Zacks Funding Analysis. Anthem did fall wanting Road expectations on income for the quarter, nevertheless, posting $36.6 billion, although that does signify a 14.9% improve from its fourth-quarter 2020 haul of $31.8 billion.

The insurer introduced in $6.1 billion in revenue for full-year 2021, up from $4.6 billion in 2020. Full-year revenues have been $138.6 billion, in keeping with the corporate’s earnings report launched Wednesday.

“2021 was one other yr of robust progress for Anthem as we continued our transformation from a well being advantages firm to a lifetime trusted associate in well being,” mentioned Gail Boudreaux, CEO of Anthem, in a press release.

RELATED: 2022 forecast: Medicare Benefit is the trade’s hottest market. Do not count on that to vary subsequent yr

“We start 2022 with ongoing momentum throughout all our companies, and we’re assured in our potential to ship earnings progress according to our long-term focused vary as we innovate for customers and advance our digital platform for well being,” she continued. “Anthem is uniquely positioned to realize our objective of bettering the Well being of Humanity because of our 98,000 devoted staff and their unwavering dedication to the purchasers and communities we serve.”

Anthem mentioned it had 45.4 million whole members in the fourth quarter of 2021, a acquire of two.4 million in comparison with the identical interval in 2020. That improve was attributable to progress in Medicaid and Medicare Benefit, in keeping with the report.

Its in-house pharmacy profit supervisor, IngenioRx, additionally noticed working acquire improve 17.6% to $427 million because it continues to construct out its membership.

The corporate expects $152 billion in income for full-year 2022, in addition to greater than $28.25 in earnings per share.

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