Elevance Health Reports Q4 Benefit Expense Ratio Of 89.2%, An Improvement Of 50 Basis Points Compared To Q4 2022, And 87% For The Full Year, An Improvement Of 60 Basis Points Year-over-year
Portfolio Pulse from Benzinga Newsdesk
Elevance Health reported a Q4 benefit expense ratio of 89.2%, improving by 50 basis points from Q4 2022, and an annual benefit expense ratio of 87%, which is an improvement of 60 basis points from the previous year.
January 24, 2024 | 11:03 am
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Elevance Health's improved benefit expense ratio for Q4 and the full year indicates increased efficiency and profitability, which could positively influence investor sentiment.
The improvement in the benefit expense ratio for both Q4 and the full year suggests that Elevance Health is managing its expenses more effectively relative to its revenues. This efficiency can lead to higher profitability and may be viewed positively by investors, potentially leading to a short-term increase in stock price.
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