Welcome to our dedicated page for Elevance Health news (Ticker: ELV), a resource for investors and traders seeking the latest updates and insights on Elevance Health stock.
Elevance Health, Inc. (ELV) maintains this dedicated news hub for stakeholders tracking developments in health insurance innovation and corporate strategy. Access official press releases, regulatory filings, and operational updates from one of America's largest managers of Blue Cross Blue Shield plans and government-sponsored healthcare programs.
This resource provides investors with timely updates on earnings reports, Medicare Advantage expansions, and strategic partnerships. Analysts will find detailed information about risk management initiatives and market positioning within the competitive healthcare coverage sector.
Key content categories include quarterly financial disclosures, Medicaid program developments, provider network enhancements, and technology investments. All materials are sourced directly from corporate communications to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to Elevance Health's latest announcements. Combine these updates with SEC filings and industry analysis for comprehensive due diligence on this leading health benefits administrator.
Elevance Health reported robust first-quarter results for 2023, with a GAAP net income of $8.30 per share, including negative adjustments of $1.16 per share. Adjusted net income reached $9.46 per share. Operating revenue grew by 10.6% year-over-year to $41.9 billion, driven by an increase in medical membership to 48.1 million, up by 1.3 million members. The company declared a second-quarter dividend of $1.48 per share. Operating cash flow improved to approximately $6.5 billion, bolstered by early premium payments. Notably, operating gain also increased by 16.6% to $2.8 billion. The company anticipates GAAP net income exceeding $29.50 per share for the year.
Elevance Health (NYSE: ELV) will announce its first quarter 2023 financial results on April 19, 2023, at 6:00 a.m. EDT. A conference call to discuss these results and the company's outlook will follow at 8:30 a.m. EDT. Interested parties should dial in at least 15 minutes prior to the call using the provided numbers, including 888-947-9963 for domestic access. The call will also be available via webcast, and a replay can be accessed from 11:30 a.m. EDT on the same day until the end of May 19, 2023.
Elevance Health is dedicated to enhancing health outcomes, serving approximately 119 million people through a comprehensive range of healthcare solutions.
Continental General Insurance Company announced a definitive agreement to acquire a block of long-term care policies from Elevance Health (NYSE: ELV). This strategic move represents one of the few successful long-term care transactions in a decade, aimed at enhancing Continental General's TPA services. The acquisition furthers Continental General's mission to become a leading acquisition partner in the long-term care sector. The deal, set to close on April 3, 2023, will leverage Continental General’s over 60 years of insurance management experience for policyholders.
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