Elevance Health Q2 GAAP EPS $7.79, adj. EPS $9.04; raises FY2023 guidance

Elevance Health, Inc.

2023-Q2 EPS reported $16.10 revenue$85,844,000,000

Q2 GAAP net income $7.79/sh, adjusted $9.04/sh; operating revenue $43.4B (+12.7% YoY).
Medical enrollment 48.0M, up 938k YoY; benefit expense ratio improved 70 bps to 86.4%.
Health Benefits operating gain $2.1B (+21% YoY); Carelon operating gain $632M (+6.8%).
Raises FY2023 outlook: GAAP EPS >$29.09, adjusted >$32.85.
Declares Q3 dividend $1.48/sh; repurchased 1.4M shares for $646M in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Elevance Health, Inc. reported 2023 results: EPS GAAP net income to be greater than $29.09 per share in 2023, and adjusted net income to be greater than $32.85 per share. Guidance raised.

Period: 2023
EPS: GAAP net income to be greater than $29.09 per share in 2023, and adjusted net income to be greater than $32.85 per share
Guidance: raised
Result: guidance update

Exact text from the filing

Given the strong performance in the first half of the year and momentum across Elevance Health, we now expect GAAP net income to be greater than $29.09 per share in 2023, and adjusted net income to be greater than $32.85 per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Elevance Health, Inc. reported the quarter ended June 30, 2023 results: revenue $43.4 billion, EPS $7.79 per share.

Period: the quarter ended June 30, 2023
Revenue: $43.4 billion
EPS: $7.79 per share
Result: reported results

Exact text from the filing

Second quarter GAAP net income was $7.79 per share, including net negative adjustment items of $1.25 per share. Adjusted net income was $9.04* per share. • Operating revenue grew 12.7% year-over-year to $43.4 billion

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Elevance Health, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-189147

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