Summary
This 8-K filing by Anthem, Inc. (now Elevance Health) provides preliminary financial results for full-year 2015 and initial guidance for 2016. The company anticipates full-year 2015 net income per share of approximately $9.38 and adjusted net income per share of approximately $10.16. These figures include several adjustments, notably transaction-related costs and amortization of other intangible assets. The company also reported an expected year-end medical enrollment of approximately 38.6 million members for 2015. Looking ahead to 2016, Anthem projects net income per share to exceed $10.35, with adjusted net income per share expected to be greater than $10.80, excluding certain items like transaction costs related to the Cigna acquisition, investment gains/losses, and impairment losses. Investors should note that the 2016 guidance explicitly excludes potential transaction costs and financial outcomes related to the Cigna acquisition, which was a significant ongoing event at the time of this filing.
Key Highlights
- 1Anthem, Inc. (ELV) released preliminary full-year 2015 financial results and 2016 outlook via an 8-K filing.
- 2Full-year 2015 net income per share is expected to be approximately $9.38.
- 3Full-year 2015 adjusted net income per share is projected to be approximately $10.16, after accounting for $0.78 per share in net unfavorable items.
- 4The company anticipates 2015 year-end medical enrollment to reach approximately 38.6 million members.
- 5For full-year 2016, net income per share is expected to exceed $10.35.
- 6Adjusted net income per share for 2016 is projected to be greater than $10.80, excluding specific items.
- 72016 guidance explicitly excludes transaction costs and financial outcomes related to the Cigna acquisition.