April 29, 2020 / 10:15 AM / a month ago

Health insurer Anthem quarterly profit slips

April 29 (Reuters) - U.S. health insurer Anthem Inc reported a 1.8% drop in quarterly profit on Wednesday, hurt by weaker sales in the unit that sells employer-sponsored health plans.

Net income fell to $1.52 billion, or $5.94 per share, in the first quarter ended March 31, from $1.55 billion, or $5.91 per share, a year earlier.

Total revenue rose to $29.62 billion from $24.67 billion.

Reporting by Manojna Maddipatla in Bengaluru; Editing by Shinjini Ganguli

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