Anthem posted $1.18 billion in third-quarter profit, an increase of 23% over the prior-year quarter.
The insurers’ earnings for the quarter, $4.87 adjusted per share, beat Wall Street forecasts of $4.84 per share. Anthem also reported $26.4 billion in third-quarter revenue, an increase of $3.5 billion or 15% from the third quarter of 2018.
Anthem said its medical membership is up by 1.1 million compared to the third quarter of 2018, reaching 41 million members total. That increase is boosted by its fully insured business, according to the earnings release, which saw gains of 968,000 covered lives.