Anthem Inc reports 8% rise in quarterly profit

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Wed, 24 Jul 2019 - 10:23 GMT

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Wed, 24 Jul 2019 - 10:23 GMT

FILE PHOTO: The office building of health insurer Anthem is seen in Los Angeles, California February 5, 2015. REUTERS/Gus Ruelas

FILE PHOTO: The office building of health insurer Anthem is seen in Los Angeles, California February 5, 2015. REUTERS/Gus Ruelas

(Reuters) - Anthem Inc (ANTM.N) reported an 8% rise in second-quarter profit on Wednesday as the U.S. health insurer benefited from higher sales of its government-backed health plans.

Net income rose to $1.14 billion, or $4.36 per share, in the quarter ended June 30, from $1.05 billion, or $3.98 per share, a year earlier.

Total revenue rose to $25.47 billion from $22.94 billion.

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