Company Quick10K Filing
Anthem
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 262 $73,881
10-Q 2019-10-23 Quarter: 2019-09-30
10-Q 2019-07-24 Quarter: 2019-06-30
10-Q 2019-04-24 Quarter: 2019-03-31
10-K 2019-02-20 Annual: 2018-12-31
10-Q 2018-10-31 Quarter: 2018-09-30
10-Q 2018-07-25 Quarter: 2018-06-30
10-Q 2018-04-25 Quarter: 2018-03-31
10-K 2018-02-21 Annual: 2017-12-31
10-Q 2017-10-25 Quarter: 2017-09-30
10-Q 2017-07-26 Quarter: 2017-06-30
10-Q 2017-04-26 Quarter: 2017-03-31
10-K 2017-02-22 Annual: 2016-12-31
10-Q 2016-11-02 Quarter: 2016-09-30
10-Q 2016-07-27 Quarter: 2016-06-30
10-Q 2016-04-27 Quarter: 2016-03-31
10-K 2016-02-19 Annual: 2015-12-31
10-Q 2015-10-28 Quarter: 2015-09-30
10-Q 2015-07-29 Quarter: 2015-06-30
10-Q 2015-04-29 Quarter: 2015-03-31
10-K 2015-02-24 Annual: 2014-12-31
10-Q 2014-10-29 Quarter: 2014-09-30
10-Q 2014-07-30 Quarter: 2014-06-30
10-Q 2014-04-30 Quarter: 2014-03-31
10-K 2014-02-20 Annual: 2013-12-31
10-Q 2013-10-23 Quarter: 2013-09-30
10-Q 2013-07-24 Quarter: 2013-06-30
10-Q 2013-04-24 Quarter: 2013-03-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-07-25 Quarter: 2012-06-30
10-Q 2012-04-25 Quarter: 2012-03-31
10-K 2012-02-22 Annual: 2011-12-31
10-Q 2011-10-26 Quarter: 2011-09-30
10-Q 2011-07-27 Quarter: 2011-06-30
10-Q 2011-04-27 Quarter: 2011-03-31
10-K 2011-02-17 Annual: 2010-12-31
10-Q 2010-11-03 Quarter: 2010-09-30
10-Q 2010-07-28 Quarter: 2010-06-30
10-Q 2010-04-28 Quarter: 2010-03-31
10-K 2010-02-18 Annual: 2009-12-31
8-K 2019-10-23 Earnings, Exhibits
8-K 2019-10-01 Officers, Exhibits
8-K 2019-09-16 Regulation FD
8-K 2019-09-04 Other Events, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-06-17 Regulation FD
8-K 2019-05-15 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-03-06 Regulation FD
8-K 2019-01-30 Earnings, Regulation FD, Exhibits
8-K 2018-11-29 Regulation FD
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-09-12 Regulation FD
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-06-13 Regulation FD
8-K 2018-05-16 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-05-08 Officers, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-03-13 Regulation FD
8-K 2018-02-27 Other Events, Exhibits
8-K 2018-01-30 Earnings, Officers, Exhibits
ANTM 2019-09-30
Part I. Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-10.2 exhibit102-201993010qq.htm
EX-10.3 exhibit103-201993010qq.htm
EX-31.1 exhibit311-201993010qq.htm
EX-31.2 exhibit312-201993010qq.htm
EX-32.1 exhibit321-201993010qq.htm
EX-32.2 exhibit322-201993010qq.htm

Anthem Earnings 2019-09-30

ANTM 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
ANTM 73,881 75,851 45,058 96,756 25,368 4,074 6,420 88,089 26% 13.7 5%
CI 49,820 82,956 67,371 44,845 0 2,766 4,617 50,829 0% 11.0 3%
HUM 35,565 28,913 17,041 60,726 0 2,505 4,075 35,164 0% 8.6 9%
CNC 21,833 34,368 22,098 69,541 67,197 1,277 2,854 21,332 97% 7.5 4%
LH 16,943 17,744 10,580 11,292 3,177 854 2,348 22,813 28% 9.7 5%
WCG 14,540 13,206 8,602 24,901 19,250 521 1,110 13,453 77% 12.1 4%
DGX 13,740 11,760 6,301 7,572 2,606 781 1,489 17,443 34% 11.7 7%
HSIC 10,372 7,112 3,378 11,463 3,318 500 989 11,269 29% 11.4 7%
MOH 9,201 6,690 4,954 17,673 664 792 1,222 8,191 4% 6.7 12%
GH 7,812 940 78 145 0 -81 -74 7,637 0% -103.2 -9%

Document
486000000500000000400000002000000700000010000003000000false--12-31Q32019000115603916894000000192670000000.010.0190000000090000000025739557725378022925739557725378022925000000501200000010900000035000000205000000010000000030000007000000100000010000004000000830000003700000021100000010000009000000200000020000002000000200000000001000000001000000000000 0001156039 2019-01-01 2019-09-30 0001156039 2019-10-16 0001156039 2019-09-30 0001156039 2018-12-31 0001156039 2018-07-01 2018-09-30 0001156039 2018-01-01 2018-09-30 0001156039 2019-07-01 2019-09-30 0001156039 2018-09-30 0001156039 2017-12-31 0001156039 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001156039 us-gaap:CommonStockMember 2018-12-31 0001156039 2019-04-01 2019-06-30 0001156039 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001156039 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001156039 2019-01-01 2019-03-31 0001156039 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001156039 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001156039 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001156039 us-gaap:RetainedEarningsMember 2019-09-30 0001156039 us-gaap:RetainedEarningsMember 2019-06-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001156039 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001156039 us-gaap:RetainedEarningsMember 2019-03-31 0001156039 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001156039 2019-06-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001156039 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001156039 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001156039 us-gaap:CommonStockMember 2019-09-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001156039 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001156039 us-gaap:RetainedEarningsMember 2018-12-31 0001156039 us-gaap:CommonStockMember 2019-03-31 0001156039 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001156039 2019-03-31 0001156039 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001156039 us-gaap:CommonStockMember 2019-06-30 0001156039 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0001156039 us-gaap:CommonStockMember 2017-12-31 0001156039 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0001156039 2018-03-31 0001156039 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001156039 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001156039 2018-06-30 0001156039 us-gaap:RetainedEarningsMember 2017-12-31 0001156039 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001156039 us-gaap:CommonStockMember 2018-09-30 0001156039 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0001156039 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001156039 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001156039 2018-04-01 2018-06-30 0001156039 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001156039 us-gaap:RetainedEarningsMember 2018-03-31 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001156039 us-gaap:CommonStockMember 2018-03-31 0001156039 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001156039 us-gaap:RetainedEarningsMember 2018-06-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0001156039 2018-01-01 2018-03-31 0001156039 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001156039 us-gaap:CommonStockMember 2018-06-30 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001156039 us-gaap:RetainedEarningsMember 2018-09-30 0001156039 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001156039 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001156039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001156039 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001156039 us-gaap:AccountingStandardsUpdate201802Member 2018-01-01 2018-03-31 0001156039 us-gaap:AccountingStandardsUpdate201601Member 2018-01-01 0001156039 antm:Americas1stChoiceMember antm:GovernmentBusinessSegmentMember 2019-09-30 0001156039 antm:BeaconHealthOptionsMember 2019-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FixedMaturitiesMember 2018-01-01 2018-12-31 0001156039 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-01-01 2018-12-31 0001156039 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-01-01 2018-12-31 0001156039 us-gaap:FixedMaturitiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-01-01 2018-12-31 0001156039 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FixedMaturitiesMember 2018-01-01 2018-12-31 0001156039 us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2018-01-01 2018-12-31 0001156039 us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-01-01 2018-12-31 0001156039 us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-01-01 2018-12-31 0001156039 us-gaap:ExchangeTradedFundsMember 2019-09-30 0001156039 antm:CommonEquitySecuritiesMember 2019-09-30 0001156039 us-gaap:PrivateEquityFundsMember 2019-09-30 0001156039 us-gaap:ExchangeTradedFundsMember 2018-12-31 0001156039 antm:CommonEquitySecuritiesMember 2018-12-31 0001156039 antm:FixedMaturityMutualFundsMember 2018-12-31 0001156039 antm:FixedMaturityMutualFundsMember 2019-09-30 0001156039 us-gaap:PrivateEquityFundsMember 2018-12-31 0001156039 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0001156039 us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0001156039 us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0001156039 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0001156039 2018-01-01 2018-12-31 0001156039 us-gaap:MaturityOvernightMember us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0001156039 us-gaap:MaturityOvernightMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2019-09-30 0001156039 us-gaap:MaturityOvernightMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:MaturityOvernightMember 2019-09-30 0001156039 us-gaap:CashFlowHedgingMember 2019-09-30 0001156039 us-gaap:CashFlowHedgingMember 2018-12-31 0001156039 us-gaap:OtherDebtSecuritiesMember 2019-07-01 2019-09-30 0001156039 us-gaap:OtherDebtSecuritiesMember 2018-07-01 2018-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember 2018-06-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-09-30 0001156039 us-gaap:EquitySecuritiesMember 2018-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember 2018-07-01 2018-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember 2019-07-01 2019-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember 2018-09-30 0001156039 us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0001156039 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-07-01 2019-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-07-01 2018-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-09-30 0001156039 us-gaap:OtherDebtSecuritiesMember 2019-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-06-30 0001156039 us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:OtherDebtSecuritiesMember 2018-06-30 0001156039 us-gaap:OtherDebtSecuritiesMember 2019-06-30 0001156039 us-gaap:EquitySecuritiesMember 2019-06-30 0001156039 us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001156039 us-gaap:OtherDebtSecuritiesMember 2018-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001156039 us-gaap:EquitySecuritiesMember 2018-06-30 0001156039 us-gaap:FairValueInputsLevel3Member 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member antm:FixedMaturityMutualFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member 2018-12-31 0001156039 us-gaap:ExchangeTradedFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 antm:FixedMaturityMutualFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:OtherDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:PrivateEquityFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:ExchangeTradedFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member antm:CommonEquitySecuritiesMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:DerivativeMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 antm:CommonEquitySecuritiesMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member antm:FixedMaturityMutualFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:DerivativeMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:ShortTermInvestmentsMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:OtherDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:ShortTermInvestmentsMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:DerivativeMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:OtherDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member antm:CommonEquitySecuritiesMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:ShortTermInvestmentsMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:DerivativeMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member antm:FixedMaturityMutualFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:ExchangeTradedFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member antm:CommonEquitySecuritiesMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:DerivativeMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:PrivateEquityFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:ExchangeTradedFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:ShortTermInvestmentsMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member antm:FixedMaturityMutualFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:ShortTermInvestmentsMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:ShortTermInvestmentsMember 2018-12-31 0001156039 antm:CommonEquitySecuritiesMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:PrivateEquityFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:PrivateEquityFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:ExchangeTradedFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:DerivativeMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:ExchangeTradedFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:OtherDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:DerivativeMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member antm:FixedMaturityMutualFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member antm:CommonEquitySecuritiesMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:PrivateEquityFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:PrivateEquityFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:ExchangeTradedFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:ShortTermInvestmentsMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:OtherDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member antm:FixedMaturityMutualFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:ShortTermInvestmentsMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:ExchangeTradedFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:OtherDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 antm:FixedMaturityMutualFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel2Member antm:CommonEquitySecuritiesMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:OtherDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:OtherDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member antm:CommonEquitySecuritiesMember us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:DerivativeMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001156039 us-gaap:FairValueMeasurementsNonrecurringMember 2019-09-30 0001156039 us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001156039 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001156039 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-01-01 2018-09-30 0001156039 us-gaap:OtherDebtSecuritiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:OtherDebtSecuritiesMember 2018-01-01 2018-09-30 0001156039 us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0001156039 us-gaap:CorporateDebtSecuritiesMember 2018-01-01 2018-09-30 0001156039 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0001156039 us-gaap:EquitySecuritiesMember 2017-12-31 0001156039 us-gaap:EquitySecuritiesMember 2018-12-31 0001156039 us-gaap:CorporateDebtSecuritiesMember 2017-12-31 0001156039 us-gaap:OtherDebtSecuritiesMember 2017-12-31 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0001156039 us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001156039 us-gaap:ResidentialMortgageBackedSecuritiesMember 2017-12-31 0001156039 us-gaap:OtherDebtSecuritiesMember 2018-12-31 0001156039 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0001156039 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-09-30 0001156039 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-30 0001156039 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-09-30 0001156039 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-07-01 2019-09-30 0001156039 us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-30 0001156039 us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0001156039 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-07-01 2018-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2018-04-01 2018-06-30 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2018-01-01 2018-03-31 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2018-04-01 2018-06-30 0001156039 antm:GovernmentBusinessSegmentMember 2018-01-01 2018-03-31 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2019-09-30 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2019-09-30 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2019-04-01 2019-06-30 0001156039 antm:GovernmentBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2019-01-01 2019-03-31 0001156039 antm:GovernmentBusinessSegmentMember 2019-04-01 2019-06-30 0001156039 antm:GovernmentBusinessSegmentMember 2019-01-01 2019-03-31 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2018-12-31 0001156039 antm:GovernmentBusinessSegmentMember 2018-12-31 0001156039 us-gaap:ShortdurationInsuranceContractsAccidentYear2016Member antm:CommercialSpecialtyBusinessSegmentMember 2019-09-30 0001156039 antm:ShortdurationInsuranceContractsClaimYear2018Member antm:CommercialSpecialtyBusinessSegmentMember 2019-09-30 0001156039 us-gaap:ShortDurationInsuranceContractsAccidentYear2017Member antm:CommercialSpecialtyBusinessSegmentMember 2019-09-30 0001156039 us-gaap:ShortDurationInsuranceContractsAccidentYear2017Member antm:GovernmentBusinessSegmentMember 2019-09-30 0001156039 us-gaap:ShortdurationInsuranceContractsAccidentYear2016Member antm:GovernmentBusinessSegmentMember 2019-09-30 0001156039 antm:ShortdurationInsuranceContractsClaimYear2018Member antm:GovernmentBusinessSegmentMember 2019-09-30 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2017-12-31 0001156039 antm:GovernmentBusinessSegmentMember 2018-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2017-12-31 0001156039 antm:CommercialSpecialtyBusinessSegmentMember 2018-09-30 0001156039 us-gaap:FederalHomeLoanBankAdvancesMember 2018-12-31 0001156039 us-gaap:EquityUnitPurchaseAgreementsMember 2018-05-01 2018-05-01 0001156039 antm:ThreePointSevenZeroZeroDueTwentyFortyNineMember antm:SeniorUnsecuredNotesMember 2019-09-09 0001156039 us-gaap:EquityUnitPurchaseAgreementsMember 2015-05-12 0001156039 us-gaap:ConvertibleDebtMember 2019-01-01 2019-09-30 0001156039 us-gaap:LineOfCreditMember 2019-09-30 0001156039 antm:TwoPointEightSevenFiveDueTwentyTwentyNineMember antm:SeniorUnsecuredNotesMember 2019-09-09 0001156039 antm:SurplusNotesMember 2019-09-30 0001156039 us-gaap:LineOfCreditMember 2018-12-31 0001156039 us-gaap:EquityUnitPurchaseAgreementsMember 2018-05-01 0001156039 us-gaap:CommercialPaperMember 2019-09-30 0001156039 us-gaap:CommercialPaperMember 2019-06-30 0001156039 antm:FourPointOneZeroOnePercentDueTwoThousandTwentyEightMember us-gaap:SubordinatedDebtMember 2018-03-02 0001156039 antm:OnePointNineZeroZeroPercentDueTwoThousandTwentyEightMemberMember us-gaap:SubordinatedDebtMember 2015-05-12 0001156039 us-gaap:FederalHomeLoanBankAdvancesMember 2019-09-30 0001156039 antm:SeniorUnsecuredNotesMember 2018-12-31 0001156039 us-gaap:SubordinatedDebtMember 2018-01-01 2018-09-30 0001156039 antm:SeniorUnsecuredNotesMember 2019-09-30 0001156039 antm:FourPointFiveFiveZeroPercentDueTwoThousandFortyEightMember us-gaap:SubordinatedDebtMember 2018-03-02 0001156039 us-gaap:CommercialPaperMember 2018-12-31 0001156039 antm:A5YearFacilityMember us-gaap:RevolvingCreditFacilityMember 2019-03-31 0001156039 antm:A5YearFacilityMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001156039 antm:TwoPointThreeSevenFiveDueTwoThousandTwentyFiveMember antm:SeniorUnsecuredNotesMember 2019-09-09 0001156039 antm:A364DayFacilityMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001156039 us-gaap:ConvertibleDebtMember 2019-09-30 0001156039 antm:SurplusNotesMember 2018-12-31 0001156039 antm:AnthemInc.v.ExpressScriptsInc.Member 2019-01-01 2019-09-30 0001156039 antm:AnthemInc.v.ExpressScriptsInc.Member antm:OperationalMember 2019-01-01 2019-09-30 0001156039 srt:MinimumMember 2019-09-30 0001156039 antm:AnthemInc.v.ExpressScriptsInc.Member antm:PharmacypricingMember 2019-01-01 2019-09-30 0001156039 srt:MaximumMember 2019-09-30 0001156039 us-gaap:SubsequentEventMember 2019-10-01 2019-10-16 0001156039 us-gaap:SubsequentEventMember 2019-10-16 0001156039 us-gaap:SubsequentEventMember 2019-12-20 0001156039 us-gaap:SubsequentEventMember 2019-12-20 2019-12-20 0001156039 antm:A2019to2021Member us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001156039 2017-12-07 0001156039 antm:CommercialSpecialtyMember 2018-01-01 2018-09-30 0001156039 antm:AffiliatedMember 2018-07-01 2018-09-30 0001156039 antm:OtherSegmentMember antm:AffiliatedMember 2019-07-01 2019-09-30 0001156039 antm:UnaffiliatedMember antm:CommercialSpecialtyMember 2018-01-01 2018-09-30 0001156039 antm:UnaffiliatedMember antm:GovernmentBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0001156039 antm:CommercialSpecialtyMember antm:AffiliatedMember 2019-07-01 2019-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:UnaffiliatedMember 2018-07-01 2018-09-30 0001156039 antm:UnaffiliatedMember antm:CommercialSpecialtyMember 2019-01-01 2019-09-30 0001156039 antm:UnaffiliatedMember antm:OtherSegmentMember 2019-01-01 2019-09-30 0001156039 antm:CommercialSpecialtyMember antm:AffiliatedMember 2018-07-01 2018-09-30 0001156039 antm:CommercialSpecialtyMember 2018-07-01 2018-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:GovernmentBusinessSegmentMember antm:AffiliatedMember 2018-07-01 2018-09-30 0001156039 antm:UnaffiliatedMember antm:OtherSegmentMember 2018-01-01 2018-09-30 0001156039 antm:OtherSegmentMember 2018-01-01 2018-09-30 0001156039 antm:UnaffiliatedMember antm:GovernmentBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:CommercialSpecialtyMember 2019-01-01 2019-09-30 0001156039 antm:AffiliatedMember 2018-01-01 2018-09-30 0001156039 antm:AffiliatedMember 2019-07-01 2019-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:GovernmentBusinessSegmentMember antm:AffiliatedMember 2019-07-01 2019-09-30 0001156039 antm:OtherSegmentMember antm:AffiliatedMember 2018-01-01 2018-09-30 0001156039 antm:UnaffiliatedMember antm:OtherSegmentMember 2019-07-01 2019-09-30 0001156039 antm:GovernmentBusinessSegmentMember antm:AffiliatedMember 2019-01-01 2019-09-30 0001156039 antm:UnaffiliatedMember antm:GovernmentBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:GovernmentBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0001156039 antm:OtherSegmentMember 2019-07-01 2019-09-30 0001156039 us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0001156039 antm:OtherSegmentMember antm:AffiliatedMember 2019-01-01 2019-09-30 0001156039 antm:UnaffiliatedMember 2019-01-01 2019-09-30 0001156039 antm:UnaffiliatedMember antm:GovernmentBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 antm:OtherSegmentMember antm:AffiliatedMember 2018-07-01 2018-09-30 0001156039 antm:OtherSegmentMember 2019-01-01 2019-09-30 0001156039 antm:UnaffiliatedMember antm:CommercialSpecialtyMember 2019-07-01 2019-09-30 0001156039 antm:CommercialSpecialtyMember antm:AffiliatedMember 2018-01-01 2018-09-30 0001156039 antm:UnaffiliatedMember 2019-07-01 2019-09-30 0001156039 antm:OtherSegmentMember 2018-07-01 2018-09-30 0001156039 antm:UnaffiliatedMember antm:CommercialSpecialtyMember 2018-07-01 2018-09-30 0001156039 antm:UnaffiliatedMember 2018-01-01 2018-09-30 0001156039 antm:GovernmentBusinessSegmentMember antm:AffiliatedMember 2018-01-01 2018-09-30 0001156039 antm:AffiliatedMember 2019-01-01 2019-09-30 0001156039 antm:CommercialSpecialtyMember 2019-07-01 2019-09-30 0001156039 antm:CommercialSpecialtyMember antm:AffiliatedMember 2019-01-01 2019-09-30 0001156039 antm:UnaffiliatedMember antm:OtherSegmentMember 2018-07-01 2018-09-30 0001156039 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0001156039 antm:ManagedCareProductsMember antm:CommercialSpecialtyBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:OtherSegmentMember 2019-07-01 2019-09-30 0001156039 antm:ManagedCareServicesMember antm:GovernmentBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:SegmentEliminationsMember 2018-01-01 2018-09-30 0001156039 antm:ManagedCareServicesMember antm:CommercialSpecialtyBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:SegmentEliminationsMember 2018-07-01 2018-09-30 0001156039 antm:OtherProductsMember antm:CommercialSpecialtyBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 antm:ManagedCareServicesMember antm:CommercialSpecialtyBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:OtherSegmentMember 2019-01-01 2019-09-30 0001156039 antm:DentalVisionProductsAndServicesMember antm:CommercialSpecialtyBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:SegmentEliminationsMember 2019-07-01 2019-09-30 0001156039 antm:ManagedCareProductsMember antm:GovernmentBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:ManagedCareServicesMember antm:CommercialSpecialtyBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:ManagedCareProductsMember antm:CommercialSpecialtyBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:ManagedCareServicesMember antm:GovernmentBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:ManagedCareProductsMember antm:CommercialSpecialtyBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:OtherProductsMember antm:CommercialSpecialtyBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:DentalVisionProductsAndServicesMember antm:CommercialSpecialtyBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 antm:OtherSegmentMember 2018-07-01 2018-09-30 0001156039 antm:ManagedCareProductsMember antm:CommercialSpecialtyBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 antm:DentalVisionProductsAndServicesMember antm:CommercialSpecialtyBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:OtherProductsMember antm:CommercialSpecialtyBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:DentalVisionProductsAndServicesMember antm:CommercialSpecialtyBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:ManagedCareProductsMember antm:GovernmentBusinessSegmentMember 2018-01-01 2018-09-30 0001156039 antm:ManagedCareProductsMember antm:GovernmentBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:ManagedCareServicesMember antm:GovernmentBusinessSegmentMember 2019-07-01 2019-09-30 0001156039 antm:ManagedCareServicesMember antm:GovernmentBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 antm:ManagedCareProductsMember antm:GovernmentBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 antm:SegmentEliminationsMember 2019-01-01 2019-09-30 0001156039 antm:OtherSegmentMember 2018-01-01 2018-09-30 0001156039 antm:OtherProductsMember antm:CommercialSpecialtyBusinessSegmentMember 2018-07-01 2018-09-30 0001156039 antm:ManagedCareServicesMember antm:CommercialSpecialtyBusinessSegmentMember 2019-01-01 2019-09-30 0001156039 us-gaap:OtherCurrentLiabilitiesMember 2019-09-30 0001156039 us-gaap:OtherNoncurrentLiabilitiesMember 2019-09-30 0001156039 us-gaap:OtherNoncurrentAssetsMember 2019-09-30 iso4217:USD xbrli:shares antm:securities antm:medical_member iso4217:USD antm:individual_member antm:county xbrli:shares xbrli:pure antm:states antm:segment
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended September 30, 2019
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                     to                     
Commission file number: 001-16751
ANTHEM, INC.
(Exact name of registrant as specified in its charter)
Indiana
 
35-2145715
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification Number)
220 Virginia Avenue
Indianapolis, Indiana 46204
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (800331-1476
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading symbol(s)
 
Name of each exchange on which registered
Common Stock, $0.01 par value
 
ANTM
 
New York Stock Exchange
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes ☒ No  ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ☒    No  ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act:
Large accelerated filer

 
  
Accelerated filer
Non-accelerated filer

 
  
Smaller reporting company
Emerging growth company
 
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  ☒
As of October 16, 2019, 253,563,697 shares of the Registrant’s Common Stock were outstanding.



Anthem, Inc.
Quarterly Report on Form 10-Q
For the Period Ended September 30, 2019
Table of Contents
 
 
 
Page
PART I. FINANCIAL INFORMATION
 
 
 
 
ITEM 1.
 
 
 
 
 
 
 
 
 
 
 
 
 
ITEM 2.
ITEM 3.
ITEM 4.
PART II. OTHER INFORMATION
 
ITEM 1.
ITEM 1A.
ITEM 2.
ITEM 3.
ITEM 4.
ITEM 5.
ITEM 6.

-1-



PART I. FINANCIAL INFORMATION
ITEM 1.
FINANCIAL STATEMENTS
Anthem, Inc.
Consolidated Balance Sheets
 
September 30,
2019
 
December 31,
2018
(In millions, except share data)
(Unaudited)
 
 
Assets
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
4,190

 
$
3,934

Fixed maturity securities, current (amortized cost of $19,267 and $16,894)
19,960

 
16,692

Equity securities, current
2,300

 
1,493

Other invested assets, current
10

 
21

Accrued investment income
168

 
162

Premium receivables
4,782

 
4,465

Self-funded receivables
2,555

 
2,278

Other receivables
2,870

 
2,558

Income taxes receivable
91

 
10

Securities lending collateral
465

 
604

Other current assets
2,113

 
2,104

Total current assets
39,504

 
34,321

Long-term investments:
 
 
 
Fixed maturity securities (amortized cost of $500 and $486)
518

 
487

Equity securities
29

 
33

Other invested assets
3,914

 
3,726

Property and equipment, net
2,921

 
2,735

Goodwill
20,500

 
20,504

Other intangible assets
8,756

 
9,007

Other noncurrent assets
1,667

 
758

Total assets
$
77,809

 
$
71,571

 
 
 
 
Liabilities and shareholders’ equity
 
 
 
Liabilities
 
 
 
Current liabilities:
 
 
 
Policy liabilities:
 
 
 
Medical claims payable
$
8,977

 
$
7,454

Reserves for future policy benefits
77

 
75

Other policyholder liabilities
2,503

 
2,590

Total policy liabilities
11,557

 
10,119

Unearned income
948

 
902

Accounts payable and accrued expenses
4,445

 
4,959

Security trades pending payable
542

 
197

Securities lending payable
465

 
604

Short-term borrowings
710

 
1,145

Current portion of long-term debt
700

 
849

Other current liabilities
3,867

 
3,190

Total current liabilities
23,234

 
21,965

Long-term debt, less current portion
18,820

 
17,217

Reserves for future policy benefits, noncurrent
661

 
706

Deferred tax liabilities, net
2,140

 
1,960

Other noncurrent liabilities
1,622

 
1,182

Total liabilities
46,477

 
43,030

Commitment and contingencies – Note 11


 


Shareholders’ equity
 
 
 
Preferred stock, without par value, shares authorized – 100,000,000; shares issued and outstanding – none

 

Common stock, par value $0.01, shares authorized – 900,000,000; shares issued and outstanding –
253,780,229 and 257,395,577
3

 
3

Additional paid-in capital
9,524

 
9,536

Retained earnings
22,104

 
19,988

Accumulated other comprehensive loss
(299
)
 
(986
)
Total shareholders’ equity
31,332

 
28,541

Total liabilities and shareholders’ equity
$
77,809

 
$
71,571


See accompanying notes.

-2-



Anthem, Inc.
Consolidated Statements of Income
(Unaudited) 
 
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
(In millions, except per share data)
2019
 
2018
 
2019
 
2018
Revenues
 
 
 
 
 
 
 
Premiums
$
23,793

 
$
21,451

 
$
70,137

 
$
63,602

Administrative fees and other revenue
2,651

 
1,529

 
5,872

 
4,435

Total operating revenue
26,444

 
22,980

 
76,009

 
68,037

Net investment income
242

 
250

 
737

 
708

Net realized gains on financial instruments
1

 
27

 
90

 
5

Other-than-temporary impairment losses on investments:
 
 
 
 
 
 
 
Total other-than-temporary impairment losses on investments
(14
)
 
(8
)
 
(36
)
 
(20
)
Portion of other-than-temporary impairment losses recognized in other comprehensive income
1

 
2

 
6

 
2

Other-than-temporary impairment losses recognized in income
(13
)
 
(6
)
 
(30
)
 
(18
)
Total revenues
26,674

 
23,251

 
76,806

 
68,732

Expenses
 
 
 
 
 
 
 
Benefit expense
20,753

 
18,185

 
60,403

 
52,959

Cost of products sold
745

 

 
843

 

Selling, general and administrative expense
3,418

 
3,546

 
9,862

 
10,402

Interest expense
185

 
188

 
556

 
564

Amortization of other intangible assets
84

 
91

 
256

 
265

(Gain) loss on extinguishment of debt

 
(1
)
 
(1
)
 
17

Total expenses
25,185

 
22,009

 
71,919

 
64,207

Income before income tax expense
1,489

 
1,242

 
4,887

 
4,525

Income tax expense
306

 
282

 
1,014

 
1,200

Net income
$
1,183

 
$
960

 
$
3,873

 
$
3,325

Net income per share
 
 
 
 
 
 
 
Basic
$
4.64

 
$
3.70

 
$
15.11

 
$
12.89

Diluted
$
4.55

 
$
3.62

 
$
14.83

 
$
12.58

Dividends per share
$
0.80

 
$
0.75

 
$
2.40

 
$
2.25











See accompanying notes.

-3-



Anthem, Inc.
Consolidated Statements of Comprehensive Income
(Unaudited) 
 
 
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
(In millions)
 
2019
 
2018
 
2019
 
2018
Net income
 
$
1,183

 
$
960

 
$
3,873

 
$
3,325

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
Change in net unrealized gains/losses on investments
 
116

 
(36
)
 
711

 
(353
)
Change in non-credit component of other-than-temporary impairment losses on investments
 
(1
)
 
(2
)
 
(2
)
 
(2
)
Change in net unrealized losses on cash flow hedges
 
(34
)
 
2

 
(31
)
 
34

Change in net periodic pension and postretirement costs
 
4

 
7

 
10

 
22

Foreign currency translation adjustments
 
(1
)
 

 
(1
)
 

Other comprehensive income (loss)
 
84

 
(29
)
 
687

 
(299
)
Total comprehensive income
 
$
1,267

 
$
931

 
$
4,560

 
$
3,026


































See accompanying notes.

-4-


Anthem, Inc.
Consolidated Statements of Cash Flows
(Unaudited)
 
Nine Months Ended 
 September 30
(In millions)
2019
 
2018
Operating activities
 
 
 
Net income
$
3,873

 
$
3,325

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Net realized gains on financial instruments
(90
)
 
(5
)
Other-than-temporary impairment losses recognized in income
30

 
18

(Gain) Loss on extinguishment of debt
(1
)
 
17

Loss on disposal of assets
1

 
2

Deferred income taxes
(29
)
 
141

Amortization, net of accretion
778

 
752

Depreciation expense
109

 
92

Share-based compensation
226

 
135

Changes in operating assets and liabilities:
 
 
 
Receivables, net
(880
)
 
(823
)
Other invested assets
(30
)
 
(17
)
Other assets
(280
)
 
(734
)
Policy liabilities
1,394

 
(556
)
Unearned income
46

 
(42
)
Accounts payable and accrued expenses
(931
)
 
756

Other liabilities
675

 
190

Income taxes
(81
)
 
273

Other, net
(76
)
 
(160
)
Net cash provided by operating activities
4,734

 
3,364

Investing activities
 
 
 
Purchases of fixed maturity securities
(7,616
)
 
(6,790
)
Proceeds from fixed maturity securities:
 
 
 
Sales
3,919

 
4,971

Maturities, calls and redemptions
1,583

 
1,442

Purchases of equity securities
(9,408
)
 
(812
)
Proceeds from sales of equity securities
8,671

 
2,119

Purchases of other invested assets
(286
)
 
(324
)
Proceeds from sales of other invested assets
242

 
251

Changes in securities lending collateral
139

 
(286
)
Purchases of subsidiaries, net of cash acquired

 
(1,732
)
Purchases of property and equipment
(726
)
 
(888
)
Other, net
(33
)
 
17

Net cash used in investing activities
(3,515
)
 
(2,032
)
Financing activities
 
 
 
Net repayments of commercial paper borrowings
(197
)
 
(54
)
Proceeds from long-term borrowings
2,473

 
835

Repayments of long-term borrowings
(923
)
 
(1,393
)
Proceeds from short-term borrowings
6,480

 
5,300

Repayments of short-term borrowings
(6,915
)
 
(5,305
)
Changes in securities lending payable
(139
)
 
287

Changes in bank overdrafts
250

 
97

Proceeds from issuance of common stock under Equity Units stock purchase contracts

 
1,250

Repurchase and retirement of common stock
(1,396
)
 
(1,192
)
Change in collateral and settlements of debt-related derivatives
(34
)
 
22

Cash dividends
(616
)
 
(583
)
Proceeds from issuance of common stock under employee stock plans
137

 
133

Taxes paid through withholding of common stock under employee stock plans
(82
)
 
(77
)
Net cash used in financing activities
(962
)
 
(680
)
Effect of foreign exchange rates on cash and cash equivalents
(1
)
 
(1
)
Change in cash and cash equivalents
256

 
651

Cash and cash equivalents at beginning of period
3,934

 
3,609

Cash and cash equivalents at end of period
$
4,190

 
$
4,260



See accompanying notes.

-5-


Anthem, Inc.
Consolidated Statements of Shareholders’ Equity
(Unaudited)
 
Nine Months Ended September 30, 2019
 
Common Stock
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
(Loss) Income
 
Total
Shareholders’
Equity
(In millions)
Number of
Shares
 
Par
Value
 
December 31, 2018 (audited)
257.4

 
$
3

 
$
9,536

 
$
19,988

 
$
(986
)
 
$
28,541

Adoption of Accounting Standards Update No. 2016-02 (Note 2)

 

 

 
26

 

 
26

January 1, 2019
257.4

 
3

 
9,536

 
20,014

 
(986
)
 
28,567

Net income

 

 

 
1,551

 

 
1,551

Other comprehensive income

 

 

 

 
363

 
363

Repurchase and retirement of common stock
(1.1
)
 

 
(71
)
 
(223
)
 

 
(294
)
Dividends and dividend equivalents

 

 

 
(206
)
 

 
(206
)
Issuance of common stock under employee stock plans, net of related tax benefits
1.1

 

 
69

 

 

 
69

Convertible debenture repurchases and conversions

 

 
(52
)
 

 

 
(52
)
March 31, 2019
257.4

 
3

 
9,482

 
21,136

 
(623
)
 
29,998

Net income

 

 

 
1,139

 

 
1,139

Other comprehensive income

 

 

 

 
240

 
240

Repurchase and retirement of common stock
(1.7
)
 

 
(70
)
 
(388
)
 

 
(458
)
Dividends and dividend equivalents

 

 

 
(208
)
 

 
(208
)
Issuance of common stock under employee stock plans, net of related tax benefits
0.2

 

 
91

 

 

 
91

Convertible debenture repurchases and conversions

 

 
(9
)
 

 

 
(9
)
June 30, 2019
255.9

 
3

 
9,494

 
21,679

 
(383
)
 
30,793

Net income

 

 

 
1,183

 

 
1,183

Other comprehensive income

 

 

 

 
84

 
84

Repurchase and retirement of common stock
(2.4
)
 

 
(90
)
 
(554
)
 

 
(644
)
Dividends and dividend equivalents

 

 

 
(204
)
 

 
(204
)
Issuance of common stock under employee stock plans, net of related tax benefits
0.3

 

 
120

 

 

 
120

September 30, 2019
253.8

 
$
3

 
$
9,524

 
$
22,104

 
$
(299
)
 
$
31,332


See accompanying notes.

-6-


Anthem, Inc.
Consolidated Statements of Shareholders’ Equity (continued)
(Unaudited)
 
Nine Months Ended September 30, 2018
 
Common Stock
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
(Loss) Income
 
Total
Shareholders’
Equity
(In millions)
Number of
Shares
 
Par
Value
 
December 31, 2017 (audited)
256.1

 
$
3

 
$
8,547

 
$
18,054

 
$
(101
)
 
$
26,503

Adoption of Accounting Standards Update No. 2016-01 (Note 2)

 

 

 
320

 
(320
)
 

January 1, 2018
256.1

 
3

 
8,547

 
18,374

 
(421
)
 
26,503

Net income

 

 

 
1,312

 

 
1,312

Other comprehensive loss

 

 

 

 
(209
)
 
(209
)
Repurchase and retirement of common stock
(1.7
)
 

 
(56
)
 
(338
)
 

 
(394
)
Dividends and dividend equivalents

 

 

 
(198
)
 

 
(198
)
Issuance of common stock under employee stock plans, net of related tax benefits
1.1

 

 
28

 

 

 
28

Convertible debenture repurchases and conversions

 

 
(30
)
 

 

 
(30
)
Adoption of Accounting Standards Update No. 2018-02 (Note 2)

 

 

 
91

 
(91
)
 

March 31, 2018
255.5

 
3

 
8,489

 
19,241

 
(721
)
 
27,012

Net income

 

 

 
1,053

 

 
1,053

Other comprehensive loss

 

 

 

 
(61
)
 
(61
)
Issuance of common stock under Equity Units stock purchase contracts
6.0

 

 
1,250

 

 

 
1,250

Repurchase and retirement of common stock
(1.7
)
 

 
(60
)
 
(341
)
 

 
(401
)
Dividends and dividend equivalents

 

 

 
(197
)
 

 
(197
)
Issuance of common stock under employee stock plans, net of related tax benefits
0.3

 

 
69

 

 

 
69

June 30, 2018
260.1

 
3

 
9,748

 
19,756

 
(782
)
 
28,725

Net income

 

 

 
960

 

 
960

Other comprehensive loss

 

 

 

 
(29
)
 
(29
)
Repurchase and retirement of common stock
(1.6
)
 

 
(58
)
 
(339
)
 

 
(397
)
Dividends and dividend equivalents

 

 

 
(195
)
 

 
(195
)
Issuance of common stock under employee stock plans, net of related tax benefits
0.4

 

 
95

 

 

 
95

Convertible debenture repurchases and conversions

 

 
(65
)
 

 

 
(65
)
September 30, 2018
258.9

 
$
3

 
$
9,720

 
$
20,182

 
$
(811
)
 
$
29,094


See accompanying notes.

-7-


Anthem, Inc.
Notes to Consolidated Financial Statements
(Unaudited)
September 30, 2019
(In Millions, Except Per Share Data or As Otherwise Stated Herein)
 
1.
Organization
References to the terms “we,” “our,” “us” or “Anthem” used throughout these Notes to Consolidated Financial Statements refer to Anthem, Inc., an Indiana corporation, and unless the context otherwise requires, its direct and indirect subsidiaries. References to the “states” include the District of Columbia, unless the context otherwise requires.
We are one of the largest health benefits companies in the United States in terms of medical membership, serving approximately 41 medical members through our affiliated health plans as of September 30, 2019. We offer a broad spectrum of network-based managed care plans to Large Group, Small Group, Individual, Medicaid and Medicare markets. Our managed care plans include: Preferred Provider Organizations, or PPOs; Health Maintenance Organizations, or HMOs; Point-of-Service plans; traditional indemnity plans and other hybrid plans, including Consumer-Driven Health Plans, and hospital only and limited benefit products. In addition, we provide a broad array of managed care services to self-funded customers, including claims processing, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. We provide an array of specialty and other insurance products and services such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care. We also provide services to the federal government in connection with our Federal Health Products & Services business.
We are an independent licensee of the Blue Cross and Blue Shield Association, or BCBSA, an association of independent health benefit plans. We serve our members as the Blue Cross licensee for California and as the Blue Cross and Blue Shield, or BCBS, licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (in the New York City metropolitan area and upstate New York), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.) and Wisconsin. In a majority of these service areas, we do business as Anthem Blue Cross, Anthem Blue Cross and Blue Shield, and Empire Blue Cross Blue Shield or Empire Blue Cross. We also conduct business through arrangements with other BCBS licensees. Through our subsidiaries, we serve customers in numerous states across the country as America’s 1st Choice, Amerigroup, Aspire Health, CareMore, Freedom Health, HealthLink, HealthSun, Optimum HealthCare, Simply Healthcare, and/or Unicare. Also, beginning in the second quarter of 2019, we provide pharmacy benefits management services through our IngenioRx subsidiary. We are licensed to conduct insurance operations in all 50 states and the District of Columbia through our subsidiaries.
2.
Basis of Presentation and Significant Accounting Policies
Basis of Presentation: The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by GAAP for annual financial statements. We have omitted certain footnote disclosures that would substantially duplicate the disclosures in our 2018 Annual Report on Form 10-K, unless the information contained in those disclosures materially changed or is required by GAAP. Certain prior year amounts have been reclassified to conform to the current year presentation or adjusted to conform to the current year rounding convention of reporting financial data in whole millions of dollars, except as otherwise noted. For additional information on prior year reclassifications, see Note 15, “Segment Information.” In the opinion of management, all adjustments, including normal recurring adjustments, necessary for a fair statement of the consolidated financial statements as of and for the three and nine months ended September 30, 2019 and 2018 have been recorded. The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2019, or any other period. These unaudited consolidated financial statements should be read in conjunction with our audited consolidated financial statements as of and for the year ended December 31, 2018 included in our 2018 Annual Report on Form 10-K.
Certain of our subsidiaries operate outside of the United States and have functional currencies other than the U.S. dollar, or USD. We translate the assets and liabilities of those subsidiaries to USD using the exchange rate in effect at the end of the

-8-



period. We translate the revenues and expenses of those subsidiaries to USD using the average exchange rates in effect during the period. The net effect of these translation adjustments is included in “Foreign currency translation adjustments” in our consolidated statements of comprehensive income.