8-KRegulation FD

Elevance Health, Inc. 8-K Report, Regulation FD Disclosure (Jun 11, 2013)

Filed June 11, 2013For Securities:ELV

Summary

This Form 8-K filing from WellPoint, Inc. (now Elevance Health) on June 11, 2013, primarily serves to disclose information that officers expect to share with securities analysts and investors during meetings scheduled between June 11 and June 28, 2013. The most critical piece of information for investors is the reaffirmation of the company's full-year 2013 net income per share guidance. WellPoint reiterated its expectation for full-year 2013 net income per share to be at least $7.75. This guidance includes a previously recognized net investment loss of $0.05 per share from the first quarter of 2013 and does not anticipate any further net investment gains or losses for the remainder of the year. This reaffirmation suggests the company was on track with its previous financial projections at that time.

Key Highlights

  • 1WellPoint, Inc. reaffirms its full-year 2013 net income per share guidance of at least $7.75.
  • 2The guidance includes a pre-existing net investment loss of $0.05 per share from the first quarter of 2013.
  • 3No further net investment gains or losses are anticipated for the remainder of fiscal year 2013.
  • 4This disclosure was made in connection with meetings between WellPoint officers and securities analysts/investors.
  • 5The meetings were scheduled to occur from June 11, 2013, to June 28, 2013.
  • 6The report includes a standard Safe Harbor Statement regarding forward-looking statements and associated risks.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose information that WellPoint, Inc. officers intend to share with securities analysts and investors during meetings held between June 11 and June 28, 2013. Specifically, it reaffirms the company's financial guidance for the full year 2013.

WellPoint reaffirmed its guidance for full-year 2013 net income per share to be at least $7.75. This figure accounts for a net investment loss of $0.05 per share recognized in the first quarter of 2013.

According to the filing, the company's guidance includes no further net investment gains or losses beyond those already recorded in the first quarter of 2013. This implies the company projected a stable investment performance for the remainder of the year.

The Safe Harbor Statement is a standard legal disclaimer under the Private Securities Litigation Reform Act of 1995. It clarifies that any forward-looking statements made by the company are subject to risks and uncertainties, and actual results may differ materially. This protects the company from liability if projections do not materialize.