Anthem Says COVID-19 Not a Major Factor in Its Financials... Yet
On Wednesday, one of America's largest health insurers, Anthem (NYSE: ANTM) reported its results from the first three months of 2020. Thus far, it said, the COVID-19 pandemic hasn't affected the company's operating performance. However, management withdrew most of the details from the 2020 guidance it provided just a few months ago.
In January, Anthem forecast that its benefit ratio would drop about 1% compared to last year, to 85.8%, while operating earnings were expected to rise 23.3% to $7.4 billion. Due to the enormous level of uncertainty introduced by the coronavirus pandemic, the insurer has withdrawn these numbers and nearly all the other detailed predictions from its 2020 guidance.
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Source Fool.com
