Elevance Health Expects Higher Earnings, Revenue in 2023

By Dean Seal

Elevance Health Inc. said it is forecasting for higher adjusted earnings as well as top and bottom-line growth in 2023.

The health insurer and Blue Cross Blue Shield owner formerly known as Anthem Inc. said it expects annual earnings of at least $29.80 a share this year, up from $24.81 a share last year.

Adjusted earnings, which strip out one-time items, are forecast to be at least $32.60 a share. Analysts are looking for $32.69 a share, according to FactSet.

Elevance is projecting $164 billion of operating revenue, compared with $155.7 billion in 2022.

Shares edge slightly lower to $475.08 in premarket trading.

Write to Dean Seal at [e-mail]

(END) Dow Jones Newswires

01-25-23 0651ET