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Elevance confirms quarterly profit beat, reaffirms 2025 forecast

By Thomson Reuters Apr 22, 2025 | 5:06 AM

(Reuters) -Health insurer Elevance Health said on Tuesday its first-quarter profit came above Street expectations, matching the preliminary estimates it released last week after bellwether UnitedHealth’s 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)