Elevance confirms quarterly profit beat, reaffirms 2025 forecast

Reuters

2025/04/22

April 22 (Reuters) - Health insurer Elevance Health ELV.N said on Tuesday its first-quarter profit came above Street expectations, matching the preliminary estimates it released last week after bellwether UnitedHealth's UNH.N lowered full-year forecast triggered a selloff in the sector.

Elevance also reiterated its full-year profit forecast of $34.15 to $34.85 per share, and reported first-quarter adjusted shareholders' net income of $11.97 per share.

The company came out with preliminary earnings numbers on Thursday, amid a sharp decline in health insurers after UnitedHealth missed quarterly profit estimates due to elevated patient care costs in its Medicare Advantage business.

(Reporting by Sneha S K and Manas Mishra in Bengaluru; Editing by Shinjini Ganguli)

((Sneha.SK@thomsonreuters.com;))

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Elevance also reiterated its full-year profit forecast of $34.15 to $34.85 per share, and reported first-quarter adjusted shareholders' net income of $11.97 per share. The company came out with preliminary earnings numbers on Thursday, amid a sharp decline in health insurers after UnitedHealth missed quarterly profit estimates due to elevated patient care costs in its Medicare Advantage business.  (Reporting by Sneha S K and Manas Mishra in Bengaluru; Editing by Shinjini Ganguli) ((Sneha.SK@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}