Anthem Profit Ticks Up in Q2
INDIANAPOLIS - Indianapolis-based Anthem, Inc. (NYSE: ANTM) is reporting solid second quarter financial results, amid the rollout of its new pharmacy benefit management company, IngenioRx. The health benefits company says net income reached $1.1 billion, compared to $1.0 billion during the same period last year.
"Our second quarter results reflect solid top line growth across our businesses and reinforce our commitment to innovation and performance execution,” said Gail K. Boudreaux, Anthem president and CEO.
Boudreaux says the company started transitioning its members to IngenioRx on May 1 and expects strong revenue growth and steady progress from the new venture.
Anthem’s medical plans also performed well, according to Boudreaux, adding 1.3 million members. Total enrollment comes in at 40.9 million as of June 30. The increased membership pushed Anthem’s operating revenue higher by 10.8 percent, said the company.
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