Summary
Elevance Health, Inc. (formerly Anthem, Inc.) filed an 8-K on May 26, 2015, primarily reporting on two key events. Firstly, it announced the impending retirement of Kenneth R. Goulet, Executive Vice President and President of Commercial and Specialty Business, expected later in the summer of 2015. Mr. Goulet's departure is for personal reasons and not due to any disagreements with the company, with arrangements being made for a smooth transition of his responsibilities. Secondly, the company reaffirmed its full-year 2015 net income guidance. Elevance Health anticipates its net income to be greater than $9.47 per share, which includes approximately $0.43 per share in net unfavorable items. Excluding these specific items, the adjusted net income guidance is projected to be greater than $9.90 per share. This reiteration indicates no new unfavorable adjustments beyond those previously disclosed in the first quarter of 2015.
Key Highlights
- 1Announcement of the retirement of Kenneth R. Goulet, EVP and President of Commercial and Specialty Business, expected in summer 2015.
- 2Mr. Goulet's retirement is for personal reasons and not due to any company disputes, ensuring a planned transition.
- 3Elevance Health (then Anthem, Inc.) reaffirmed its full-year 2015 net income guidance.
- 4The company expects full-year 2015 net income to exceed $9.47 per share.
- 5This guidance includes an anticipated $0.43 per share in net unfavorable items.
- 6Adjusted net income guidance for full-year 2015 is projected to be greater than $9.90 per share.
- 7No new net adjustment items beyond those reported in Q1 2015 have been included in the reaffirmed guidance.