Elevance Health Raises Annual Profit Forecast to $26.75

ELEVANCE HEALTH INC has increased its full-year profit guidance, banking on stringent medical cost management to drive financial performance. The company announced on Wednesday that it now expects adjusted annual earnings to reach at least $26.75 per share, a significant jump from its earlier forecast of at least $25.50 per share. This revised projection comfortably exceeds the consensus among analysts, who had estimated an annual profit of $25.73 per share according to LSEG data. The move underscores the insurer's focus on operational efficiency and cost containment strategies in a competitive healthcare landscape.