(Bloomberg) — Anthem Inc., the second-biggest U.S. health insurer by market capitalization, said profit will rise this year on growing enrollment of new customers.
Adjusted net income will be greater than $9.70 a share this year, the Indianapolis-based company said today in a statement. Anthem had 2014 adjusted earnings per share of $8.85. Revenue will probably be $78 billion to $78.5 billion, the company said, missing the average analyst estimate of $79.2 billion.
U.S. health insurers are adding customers as people buy insurance through the Patient Protection and Affordable Care Act, the 2010 law that requires all Americans to have health insurance and provides subsidies and online shopping markets for them to do so.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
