Financials

Financial highlights

Total Revenue
‍(in billions)

2019

$104.2

2020

$121.9

2021

$138.6

Total Medical Membership
‍(in millions)


2019

41.0

2020

42.9

2021

45.4

Net Income Per Diluted Share
‍(in whole dollars)

2019

$18.47

2020

$17.98

2021

$24.73

Adjusted Net Income Per Diluted Share
‍(in whole dollars)

2019

$19.44

2020

$22.48

2021

$25.98

Selling, General and Administrative Expense Ratio


2019

13.0%

2020

14.4%

2021

11.6%

Benefit Expense Ratio

2019

86.8%

2020

84.6%

2021

87.5%

Operating Cash Flow
‍(in billions)

2019

$6.1

2020

$10.7

2021

$8.4

Total Medical Membership (in millions, funding arrangement below)

2019
41.0

Risk-Based 15.6

Fee-Based 25.4

2020
42.9

Risk-Based 17.3

Fee-Based 25.6

2021
45.4

Risk-Based 19.8

Fee-Based 25.6

Financial and membership highlights

(dollars in millions, except per share data) 2021 2020 2019
Operating Results      
Total Operating Revenue $136,943 $120,808 $103,141
Total Revenue 138,639 121,867 104,213
Shareholders' Net Income 6,104 4,572 4,807
       
Net Income Per Share      
Basic $25.04 $18.23 $18.81
Diluted 24.73 17.98 18.47
Dividends Per Share 4.52 3.80 3.20
       
Balance Sheet Information      
Total Assets $97,460 $86,615 $77,453
Total Liabilities 61,332 53,416 45,725
Total Equity 36,128 33,199 31,728
       
Customer Type      
Commercial & Specialty Business      
Individual 759 680 684
Group Risk-Based 4,006 3,799 3,938
BlueCard® 6,178 6,059 6,060
Group Fee-Based 19,395 19,551 19,340
Government Business      
Medicare 2,811 2,361 2,119
Medicaid 10,600 8,852 7,265
FEHB 1,625 1,623 1,594
Total Medical Membership 45,374 42,925 41,000
       
Funding Arrangement      
Fee-Based 25,586 25,629 25,418
Risk-Based 19,788 17,296 15,582
Total Medical Membership 45,374 42,925 41,000
       
Other Membership      
Life and Disability Members 4,782 5,064 5,259
Dental Members 6,674 6,385 6,263
Dental Administration Members 1,491 1,316 5,516
Vision Members 8,031 7,536 7,261


The information presented above should be read in conjunction with the audited consolidated financial statements and accompanying notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Anthem’s 2021 Annual Report on Form 10-K.

Consolidated balance sheets

(in millions, except per share data) 2021 2020 2019
Assets      
Current Assets:      
Cash and Cash Equivalents $4,880 $5,741 $4,937
Fixed Maturity Securities 26,267 23,433 19,676
Equity Securities 1,881 1,559 1,009
Premium Receivables 5,681 5,279 5,014
Self-Funded Receivables 4,010 2,849 2,570
Other Receivables 3,749 2,830 2,807
Other Current Assets 4,654 4,060 3,020
Total Current Assets 51,122 45,751 39,033
Long-Term Investments:      
Fixed Maturity Securities 632 562 505
Other Invested Assets 5,225 4,285 4,258
Property and Equipment, Net 3,919 3,483 3,133
Goodwill 24,228 21,691 20,500
Other Intangible Assets 10,615 9,405 8,674
Other Noncurrent Assets 1,719 1,438 1,350
Total Assets $97,460 $86,615 $77,453
       
Liabilities and Equity      
Liabilities      
Current Liabilities:      
Medical Claims Payable $13,518 $11,359 $8,842
Other Policyholder Liabilities 5,521 4,590 3,050
Unearned Income 1,153 1,259 1,017
Accounts Payable and Accrued Expenses 4,970 5,493 4,198
Short-Term Borrowings 275 — 700
Current Portion of Long-Term Debt 1,599 700 1,598
Other Current Liabilities 7,849 6,052 4,127
Total Current Liabilities 34,885 29,453 23,532
Long-Term Debt, Less Current Portion 21,157 19,335 17,787
Reserves for Future Policy Benefits 802 794 759
Deferred Tax Liabilities, Net 2,805 2,019 2,227
Other Noncurrent Liabilities 1,683 1,815 1,420
Total Liabilities $61,332 $53,416 $45,725
Shareholders’ Equity      
Common Stock 2 3 3
Additional Paid-In Capital 9,148 9,244 9,448
Retained Earnings 27,088 23,802 22,573
Accumulated Other Comprehensive Income (Loss) (178) 150 (296)
Total Shareholders’ Equity 36,060 33,199 31,728
Noncontrolling Interests 68 — —
Total Equity 36,128 33,199 31,728
Total Liabilities and Equity $97,460 $86,615 $77,453

For more information, please visit our Investor Relations page here.
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The information presented above should be read in conjunction with the audited financial statements and accompanying notes included in Anthem’s 2021 Annual Report on Form 10-K.