Net Income Sees 3% Growth, Reaching $5,160 Million
Total Operating Revenue Surges to $127,755 Million, Marking a 10.1% Increase
Elevance Health, Inc. (ANTM.), a leading player in the hea lthcare industry, has released its unaudited Consolidated Statements of Income for the nine months ended September 30, 2023. The report reflects a strong financial performance, with notable increases in net income and total operating revenue.
Robust Revenue Growth
Elevance Health, Inc. showcased impressive revenue figures for the first three quarters of 2023. Total operating revenue reached $127,755 million, marking a remarkable increase of 10.1% compared to the same period in 2022. This growth was primarily driven by substantial increases in premiums, product revenue, and service fees. Premiums surged to $107,716 million, reflecting an 8.2% increase, while product revenue reached $14,058 million, exhibiting a substantial 29.7% growth. Service fees also saw a healthy increase of 7.4%, reaching $5,981 million.
Net Income Climbs
