Anthem Profit Perks Up

Anthem ranked highest among Indiana companies on the 2016 Fortune 500 list.

Indianapolis-based Anthem Inc. (NYSE: ANTM) is reporting second quarter net income of $855.3 million, compared to $780.6 million in the same quarter a year earlier. The results reflect the failed $54 billion merger between Anthem and Connecticut-based Cigna Corp. (NYSE: CI), which was canceled in May.

To date in 2017, Anthem says it has increased its medical enrollment totals by 500,000 and expects full-year enrollment to grow by 300,000-500,000. Including charges through the first half of the year related to ending the merger, the company has adjusted its full-year operating revenue outlook to be in the $88.5 billion to $89.5 billion range.

Chief Executive Officer Joe Swedish says "I am pleased with our second quarter 2017 results, carrying forward our operating momentum. Our commitment to improving the quality and affordability of health care for our customers is resonating in the marketplace and benefiting our shareholders."

As of June 30, Anthem says medical enrollment increased by 600,000 in the quarter, compared to the second quarter of 2016, to a total of approximately 40.4 million members. Operating revenue in the second quarter increased $22.2 billion from $21.3 billion in Q2 of 2017.

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