Elevance Health Posts Q4 Profit Despite Medicaid Drop, Rising Costs; Hikes Dividend 5%
1. Elevance reported Q4 revenues of $44.99 billion, up 6% year-over-year. 2. Reduced Medicaid membership offsets premium yield increases in Health Benefits. 3. Adjusted EPS came in at $3.84, beating expectations of $3.81. 4. Guidance for 2025 adjusted EPS is between $34.15 and $34.85. 5. Dividend declared at $1.71 per share, a 5% increase.