Elevance Health Raises 2026 Outlook as Third-Quarter Profit and Revenue Climb
Elevance Health raised its 2026 guidance after third-quarter profit and revenue rose, with adjusted earnings of $6.99 a share. Source: Dow Jones Newswires.
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what happened
Health insurer Elevance Health raised its full-year guidance again. According to Dow Jones Newswires, higher premium yields and growth in its pharmacy business lifted profit and revenue, offsetting a decline in membership.
The company now expects GAAP earnings of at least $22 a share for 2026, up from the previous $20.10. Adjusted earnings are now seen at $29 a share or higher, versus earlier guidance of at least $27. Analysts polled by FactSet had expected adjusted earnings of $27.26 a share for the year.
In the third quarter, net income rose to $1.34 billion, or $6.27 a share, from $1.19 billion, or $5.32 a share, a year earlier. Revenue increased 1.4% to $51.43 billion, beating forecasts for a decline to $49.22 billion. Medical membership fell by 487,000 to 44.9 million as of Sept. 30. Shares rose 2.1% to $449.49 in premarket trading.
why it matters
For markets, the key points are the 70-basis-point improvement in the benefit-expense ratio, to 90.6%, and better performance in Medicare Advantage and individual ACA plans. This supports the US health insurance sector even as the customer base shrinks.
market impact
US health insurers: strong results and a higher outlook support sector sentiment and Elevance (ELV)
tags
instruments
sources
- Elevance Health Raises FY Outlook as 3Q Profit, Revenue Rise — Dow Jones Newswires, 21 October 2026 at 10:54 UTC
- Elevance Health Raises Fiscal Year Outlook as 3Q Profit, Revenue Rise — Dow Jones Newswires, 21 October 2026 at 11:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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