Here are five things to know:
1. Anthem revenue reached $21.46 billion during the second quarter, a 7.2 increase from $20.57 billion during the second quarter of 2015.
2. The payer had earnings per share hitting $3.33, surpassing analysts’ average estimates by $0.10.
3. For 2016, Anthem expects membership to exceed last year’s total by 1 million members to 1.2 million members.
4. The company accrued a higher benefit ratio of 84.2 percent, up from 82.1 percent in 2015, due to Affordable Care Act individual insurance business losses.
5. “To be clear, our board and executive leadership team at Anthem is fully committed to challenging the (U.S. Department of Justice’s) decision in court,” Anthem Chief Executive Joseph Swedish told analysts on a conference call, according to Reuters.
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