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June 2022
May 2022
April 2022
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October 2021
September 2021
August 2021
July 2021
Exhibit 99.1
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 were 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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Anthem, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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These actions, which are or have been in effect for various durations, provide, among other things: mandates to waive cost-sharing for COVID-19 testing (including over-the-counter testing in accordance with state and federal requirements), vaccines and related services; reforms, including waiving Medicare originating site restrictions for qualified providers of telehealth services; financial support to healthcare providers, including expansion of the Medicare accelerated payment program to all providers receiving Medicare payments; mandated expansion of premium payment terms, including the time period for which claims can be denied for lack of payment; and mandates related to prior authorizations and payment levels to providers, additional consumer enrollment windows and an increased ability to provide telehealth services.
New Accounting Pronouncements For information regarding new accounting pronouncements that were adopted and new accounting pronouncements that were issued during the three months ended March 31, 2022, see the "Recently Adopted Accounting Guidance" and "Recent Accounting Guidance Not Yet Adopted" sections of Note 2, "Basis of Presentation and Significant Accounting Policies," of the Notes to Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q.
Operating gain increased primarily due to improved performance in our Diversified Business Group's affiliated and unaffiliated earnings and the acquisition of myNEXUS.
Beginning in July 2022, the health plan price transparency regulations issued in October 2020 by the U.S. Departments of Health and Human Services, Labor and Treasury (the "Health Plan Transparency Rule") will require us to disclose, on a monthly basis, detailed pricing information regarding negotiated rates for all covered items and services between the plan or issuer and in-network providers and historical payments to, and billed charges from, out-of-network providers.
The favorable development recognized in the three months ended March 31, 2022 and 2021 resulted primarily from trend factors in late 2021 and late 2020, respectively, developing more favorably than originally expected.
Financial Condition We maintained a...Read more
The increase in operating gain...Read more
The Rescue Plan's premium tax...Read more
Liquidity A summary of our...Read more
Since December 31, 2021, total...Read more
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Liquidity and Capital Resources Sources...Read more
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On June 29, 2021, we...Read more
Our shareholders' net income as...Read more
Product revenue increased due to...Read more
Product revenue increased due to...Read more
Other Operating revenue increased primarily...Read more
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The Omicron surge quickly declined...Read more
Any future decline in our...Read more
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Selling, general and administrative expense...Read more
For additional discussion regarding regulatory...Read more
-45- IngenioRx Operating revenue increased...Read more
We work to mitigate these...Read more
The American Rescue Plan Act...Read more
For the three months ended...Read more
We expect claims costs related...Read more
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These two key assumptions can...Read more
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At March 31, 2022, we...Read more
Integra is a managed long-term...Read more
Dental administration membership increased primarily...Read more
Cash disbursements result mainly from...Read more
The minor increase in operating...Read more
Operating revenue for the three...Read more
At March 31, 2022 and...Read more
We had $275 of outstanding...Read more
Medical Cost Trends: Our medical...Read more
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Benefit expense increased primarily due...Read more
Dental membership -42- increased primarily...Read more
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Three Months Ended March 31,...Read more
Government Business Operating revenue increased...Read more
Net investment income increased primarily...Read more
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Net losses on financial instruments...Read more
All terms of the Subscriber...Read more
1 Includes interest expense and...Read more
We offer pharmacy benefits management...Read more
Results of our operations are...Read more
Operating margin is calculated as...Read more
Net income for the three...Read more
This information is not intended...Read more
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Financial Statements, Disclosures and Schedules
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Anthem, Inc. provided additional information to their SEC Filing as exhibits
Ticker: ANTM
CIK: 1156039
Form Type: 10-Q Quarterly Report
Accession Number: 0001156039-22-000051
Submitted to the SEC: Wed Apr 20 2022 3:17:33 PM EST
Accepted by the SEC: Wed Apr 20 2022
Period: Thursday, March 31, 2022
Industry: Hospital And Medical Service Plans