Anthem Lifts 2021 Earnings View After 3rd Quarter Beat

Anthem Lifts 2021 Earnings View After 3rd Quarter Beat
The office building of health insurer Anthem is seen in Los Angeles, Calif., on Feb. 5, 2015. Gus Ruelas/Reuters
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Anthem Inc. on Wednesday became the second major U.S. health insurer to raise its full year profit forecast, after beating third-quarter profit estimates on the back of lower-than-expected medical costs.

The number two U.S. health insurer raised its outlook for the third time this year, saying it now expected 2021 adjusted profit to exceed $25.85 per share, up from an earlier forecast of more than $25.50.