January 29, 2020 / 11:13 AM / 2 months ago

Anthem Inc quarterly profit more than doubles

Jan 29 (Reuters) - U.S. health insurer Anthem Inc said on Wednesday its quarterly profit more than doubled, benefiting from the launch of its pharmacy benefits management business, IngenioRx.

Net income rose to $934 million, or $3.62 per share, in the fourth quarter ended Dec. 31, from $424 million, or $1.61 per share, a year earlier.

Total revenue rose to $27.41 billion from $23.37 billion.

Reporting by Manojna Maddipatla in Bengaluru; Editing by Arun Koyyur

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