Elevance Health Publishes Q3 2026 Earnings Call Transcript
- Elevance Health held its third-quarter 2026 earnings call October 21, attended by CEO Gail Boudreaux, CFO Mark Kaye and other executives.
- Management raised full-year adjusted diluted earnings per share guidance to at least $29, reflecting operating outperformance and favorable nonoperating items.
- The earnings baseline increased $0.75 to at least $26.75, supporting projected adjusted diluted earnings per share growth of at least 12% in 2027.
- Quarterly adjusted diluted earnings per share reached $6.99, exceeding expectations; the consolidated benefit expense ratio improved 70 basis points to 90.6%.
- Medicaid margins should improve in 2027 as reimbursement rates better reflect costs; underlying cost trends remained elevated but stable.
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