BUZZ-Health insurer Elevance rises on Q4 profit beat
ReutersJan 23, 2025 11:24 AM
Elevance's ELV.N shares rise 6.4% to $416.03 premarket
Insurer beats Q4 profit estimates helped in part by lower-than-expected spending on medical care for its customers
Company reports Q4 adjusted profit of $3.84 per share, beating estimates of $3.80 per share as per data compiled by LSEG
Reports Q4 medical loss ratio — the percentage of premiums spent on medical care — of 92.4%, compared with analysts' estimates of 92.65%
Stock had fallen 21.8% in 2024
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