Health insurer Elevance Health Inc. (NYSE:ELV) reported first-quarter adjusted earnings of $12.58 per share, beating the consensus of $10.79.

Elevance Revenue Growth Driven By Premium Yields

The company reported revenues of $49.49 billion, up 1.5% year over year, above the consensus of $48.34 billion. 

The growth was driven by higher premium yields in the Health Benefits segment and growth in CarelonRx product revenue, partially offset by anticipated declines in Medicare Advantage, Medicaid, and Employer Group risk membership.

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