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Anthem, Inc. (ANTM) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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ANTM Annual Reports

Anthem, Inc.

CIK: 812152 Ticker: ANTM

Exhibit 99.1

 

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ANTHEM REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS

 

   

Fourth quarter GAAP net income was $4.63 per share, including net negative adjustment items of $0.51 per share. Adjusted net income was $5.14* per share.

 

   

Full year GAAP net income was $24.73 per share, including net negative adjustment items of $1.25 per share. Adjusted net income was $25.98* per share.

 

   

Fourth quarter operating revenue grew by 14.2% over the prior year quarter to $36.0 billion. Full year operating revenue grew 13.4% year-over-year to $136.9 billion.

 

   

Medical enrollment increased by 2.4 million members year-over-year and 303 thousand members in the fourth quarter to 45.4 million members.

 

   

Full year 2022 GAAP net income is expected to be greater than $26.75 per share. Adjusted net income is expected to be greater than $28.25* per share.

 

   

Quarterly dividend increased by greater than 13% to $1.28 per share.

Indianapolis, Ind. - January 26, 2022 - Anthem, Inc. (NYSE: ANTM) reported fourth quarter and full year 2021 results reflecting strong financial performance, including double-digit top and bottom line growth.

“2021 was another year of strong growth for Anthem as we continued our transformation from a health benefits company to a lifetime trusted partner in health,” said Gail K. Boudreaux, President and CEO. “We begin 2022 with ongoing momentum across all our businesses, and we’re confident in our ability to deliver earnings growth consistent with our long-term targeted range as we innovate for consumers and advance our digital platform for health. Anthem is uniquely positioned to achieve our purpose of improving the Health of Humanity thanks to our 98,000 dedicated employees and their unwavering commitment to the customers and communities we serve.”

 

*

Refer to GAAP reconciliation tables on page 15.

 

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The following information was filed by Anthem, Inc. (ANTM) on Wednesday, January 26, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Anthem, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Shareholders' Equity
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Tables)
Accumulated Other Comprehensive Loss (Reconciliation Of The Components Of Accumulated Other Comprehensive Loss) (Details)
Basis Of Presentation And Significant Accounting Policies
Basis Of Presentation And Significant Accounting Policies (Details)
Basis Of Presentation And Significant Accounting Policies (Policy)
Business Acquisitions
Business Acquisitions (Acquired Tangible Assets And Liabilities) (Details)
Business Acquisitions (Intangible Assets Acquired) (Details)
Business Acquisitions (Narrative) (Details)
Business Acquisitions (Tables)
Business Optimization Initiatives
Business Optimization Initiatives (Employee Termination Costs) (Details)
Business Optimization Initiatives (Narrative) (Details)
Business Optimization Initiatives (Tables)
Capital Stock
Capital Stock (Cash Dividend Activity) (Details)
Capital Stock (Narrative) (Details)
Capital Stock (Nonvested Restricted Stock Activity Including Restricted Stock Units) (Details)
Capital Stock (Share Repurchases) (Details)
Capital Stock (Summary Of Stock Option Activity) (Details)
Capital Stock (Tables)
Capital Stock (Weighted-Average Assumptions Used To Estimate The Fair Value Of Options Granted) (Details)
Capital Stock (Weighted-Average Fair Values) (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Carrying Value Of Long-Term Debt) (Details)
Debt (Convertible Debenture Terms) (Details)
Debt (Narrative) (Details)
Debt (Tables)
Derivative Financial Instruments
Derivative Financial Instruments (Effect Of Non-Hedging Derivatives On Income Statement And Included In Net Gains (Losses) On Investments) (Details)
Derivative Financial Instruments (Narrative) (Details)
Derivative Financial Instruments (Notional Amounts, Balance Sheet Location And Estimated Fair Values Of Derivative Financial Instruments) (Details)
Derivative Financial Instruments (Summary Of Outstanding Fair Value Hedges) (Details)
Derivative Financial Instruments (Tables)
Derivative Financial Instruments Derivative Financial Instruments (Fair Value Hedges, Financial Position) (Details)
Earnings Per Share
Earnings Per Share (Denominator For Basic And Diluted Earnings Per Share) (Details)
Earnings Per Share (Narrative) (Details)
Earnings Per Share (Tables)
Fair Value
Fair Value (Carrying And Fair Value By Level Of Financial Instruments Not Recorded At Fair Value On Consolidated Balance Sheet) (Details)
Fair Value (Fair Value Measurements By Level For Assets Measured At Fair Value On A Recurring Basis) (Details)
Fair Value (Reconciliation Of The Beginning And Ending Balances Of Assets Measured At Fair Value On A Recurring Basis Using Level Iii Inputs) (Details)
Fair Value (Tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Components Of Other Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Narrative) (Details)
Goodwill And Other Intangible Assets (Summary Of The Change In The Carrying Amount Of Goodwill By Reportable Segment) (Details)
Goodwill And Other Intangible Assets (Tables)
Income Taxes
Income Taxes (Change In The Carrying Amount Of Gross Unrecognized Tax Benefits From Uncertain Tax Positions) (Details)
Income Taxes (Components Of Provision For Income Taxes) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Reconciliation Of Income Tax Expense Computed At The Statutory Federal Income Tax Rate) (Details)
Income Taxes (Tables)
Income Taxes(Components Of Deferred Income Taxes) (Details)
Investments
Investments (Aggregate Fair Value And Gross Unrealized Loss Of Fixed Maturity Securities In An Unrealized Loss Position) (Details)
Investments (Allowance For Credit Loss Rollforward) (Details)
Investments (Amortized Cost And Fair Value Of Fixed Maturity Securities, By Contractual Maturity) (Details)
Investments (Current And Long-Term Investments, Available-For-Sale) (Details)
Investments (Current Equity Securities) (Details)
Investments (Gains And Losses Recognized On Equity Securities) (Details)
Investments (Major Categories Of Net Investment Income) (Details)
Investments (Narrative) (Details)
Investments (Net Gains/Losses On Investments) (Details)
Investments (Tables)
Leases
Leases (Lease And Other Information) (Details)
Leases (Tables)
Leases Leases (Narrative) (Details)
Leases Leases (Reconciliation Of Future Lease Payments To Total Lease Liabilities) (Details)
Medical Claims Payable
Medical Claims Payable ((Favorable) Unfavorable Developments By Changes In Key Assumptions) (Details)
Medical Claims Payable (Incurred And Paid Claims Development, Net Of Reinsurance) (Details)
Medical Claims Payable (Narrative) (Details)
Medical Claims Payable (Reconciliation Of Net Incurred Medical Claims To Benefit Expense) (Details)
Medical Claims Payable (Reconciliation Of The Beginning And Ending Balances For Medical Claims Payable) (Details)
Medical Claims Payable (Reconciliation Of The Claims Development To The Claims Liability) (Details)
Medical Claims Payable (Tables)
Organization
Organization (Details)
Property And Equipment
Property And Equipment (Narrative) (Details)
Property And Equipment (Summary Of Property And Equipment) (Details)
Property And Equipment (Tables)
Reinsurance
Reinsurance (Effect Of Reinsurance On Benefit Expense) (Details)
Reinsurance (Effect Of Reinsurance On Certain Assets And Liabilities) (Details)
Reinsurance (Summary Of Direct, Assumed And Ceded Premiums Earned) (Details)
Reinsurance (Summary Of Net Premiums Earned By Segment) (Details)
Reinsurance (Tables)
Related Party Transactions
Related Party Transactions (Details)
Retirement Benefits
Retirement Benefits (Changes In Fair Value Of Plan Assets) (Details)
Retirement Benefits (Components Of Net Periodic Benefit Cost (Benefit Credit) (Details)
Retirement Benefits (Estimated Future Payments For Pension Benefits And Other Benefits) (Details)
Retirement Benefits (Fair Values Of Pension Benefit Assets And Other Benefit Assets By Asset Category And Level Inputs) (Details)
Retirement Benefits (Narrative) (Details)
Retirement Benefits (Net Amount Included In Consolidated Balance Sheets) (Details)
Retirement Benefits (Net Amounts Included In Accumulated Other Comprehensive Loss That Have Not Been Recognized As Components Of Net Periodic Benefit Costs) (Details)
Retirement Benefits (Reconciliation Of The Beginning And Ending Balances Of Plan Assets Measured At Fair Value Using Level Iii Inputs) (Details)
Retirement Benefits (Reconciliation Of The Benefit Obligation) (Details)
Retirement Benefits (Tables)
Retirement Benefits (Weighted-Average Assumptions Used In Calculating Net Periodic Benefit Cost For All Plans) (Details)
Retirement Benefits (Weighted-Average Assumptions Used In Calculating The Benefit Obligations For All Plans) (Details)
Schedule Ii-Condensed Financial Information Of Registrant
Schedule Ii-Condensed Financial Information Of Registrant (Balance Sheets (Parenthetical) (Details)
Schedule Ii-Condensed Financial Information Of Registrant (Balance Sheets) (Details)
Schedule Ii-Condensed Financial Information Of Registrant (Narrative) (Details)
Schedule Ii-Condensed Financial Information Of Registrant (Statement Of Cash Flows) (Details)
Schedule Ii-Condensed Financial Information Of Registrant (Statement Of Comprehensive Income) (Details)
Schedule Ii-Condensed Financial Information Of Registrant (Statements Of Income) (Details)
Segment Information
Segment Information (Financial Data By Reportable Segment) (Details)
Segment Information (Major Product Revenues) (Details)
Segment Information (Narrative) (Details)
Segment Information (Reconciliation Of Reportable Segment Operating Gain To Income Before Income Taxes In The Consolidated Statements Of Income) (Details)
Segment Information (Reconciliation Of Revenue From Reportable Segments To The Consolidated Statements Of Income) (Details)
Segment Information (Tables)
Statutory Information
Statutory Information (Details)
Ticker: ANTM
CIK: 1156039
Form Type: 10-K Annual Report
Accession Number: 0001156039-22-000009
Submitted to the SEC: Wed Feb 16 2022 4:01:21 PM EST
Accepted by the SEC: Wed Feb 16 2022
Period: Friday, December 31, 2021
Industry: Hospital And Medical Service Plans

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