Elevance Health, Inc. (formerly known as Anthem) reported strong fourth quarter 2023 profits of $856 million and strong fourth quarter revenues of $2.6 billion in revenue, beating analysts’ expectations. Its revenues were up nearly 7% from the prior year quarter. As a result of these strong earnings, Elevance raised its quarterly dividend by 10.1% to $1.63 a share.
BlueCard membership grew 5.8% year over year and Medicare Advantage membership grew by 3.5%.
In a press release announcing its fourth quarter and full year earnings, Elevance CEO Gail Boudreaux stated: “We are pleased to have delivered another year of strong performance in 2023….”
Elevance is the largest Blue Cross and Blue Shield licensee, operating Blues plans in fourteen states.
Elevance’s press release announcing its fourth quarter and full year 2023 results is linked here.