Anthem Inc. is a health insurance company founded in the United States in 2004. It was founded by the merger of WellPoint Health Networks and Anthem. Before 2014, Anthem Inc. was known as WellPoint. It is one of the largest insurance services companies in the United States and is ranked 29th on Fortune 500.
Anthem had around 40 million members as of 2018 making it a leading insurance company. The revenue of Anthem Inc. in 2020 was around $122 billion and it is has doubled in the last 8 years.
It operates in more than 25 states of America. Famous Anthem locations are Colorado, Nevada, Georgia, Kentucky, and Virginia etcetera. In all states except California, Anthem Blue Cross and Anthem Blue Shield is the same company. The headquarters of Anthem Inc. is located in Indianapolis, Indiana, United States.
However, Anthem locations are also in Chicago, Atlanta, Louisville, and Evansville. The current stock price of Anthem Inc. is around $380 as of October 2021 and investors think Anthem stock is a good buy. Around 88% of Anthem stocks are owned by itself.
|HQ:||220 Virginia Ave, Indianapolis, Indiana, United States|
|Traded as:||NYSE: ANTM|
|Industry:||Managed healthcare and Insurance|
|Founded:||Anthem and WellPoint Health Networks merger in 2004.|
|Website:||www.antheminc.com / SEO Scores|
|Business data:||Google Finance / Yahoo! Finance / SEC filings|
All Corporate Locations for Anthem Inc.
What is Anthem Inc. insurance known for?
Anthem Inc. is very well-known for the quality of its insurance services. They truly believe that providing value to their customers will be advantageous for their business and that is why Anthem has grown this much.
Their excellent customer service and great insurance services make it one of the leading healthcare insurance companies in the United States.
How did Anthem Inc. work?
Blue Cross and Blue Shield Association has issued an independent license to Anthem Inc. It works with Blue Cross and Blue Shield Association in an association.
However, in California, Anthem Inc. is not a member of BCBS but it works on a completely independent basis. Both companies are rivals of each other in California. Anthem Inc. is the largest member of BCBS.
Where is Anthem Inc. headquarters located?
The primary Anthem location (headquarters) is in Indianapolis, Indiana, United States. You can find their corporate headquarters at 220 Virginia Avenue, Indianapolis.
Headquarters remain open from Monday to Friday from 9 am to 5 am.
How do I contact Anthem corporate?
You can contact Anthem corporate by their phone number or you can also send them an email to initiate the communication.
- Phone Number: 1-888-268-4361
- Email: [email protected]
Does Anthem have chat support?
Yes, Anthem does provide the facility of chat support. The chat support of Anthem Inc. is one of the best. You can access their chat support by logging into your Anthem account and by selecting the specific topic about which you want to discuss.
The name Anthem first rose in 1946 in Indianapolis as a mutual medical and mutual hospital insurance company. The company grew by leaps and bounds till 1970. At that time, around 80% of the medical insurance market was capitalized by Anthem. Blue Cross of Indiana and Blue Shield made a mutual operating agreement in 1972.
After 13 years, in 1985, these two companies merged and started working under the name “The Associated Group”.
In 1995, Community Mutual Insurance was acquired by The Associated Group. Community Mutual Insurance was a provider of Blue Cross and Blue Shield Insurance plans in Ohio. Then, The Associated Group changed its name to Anthem Insurance Company in 1996.
From 1997 to 2002, Anthem Insurance Company kept on acquiring Blue Cross and Blue Shield insurance plans providers of various states of the United States.
Anthem Insurance Company and WellPoint Health Networks merged in 2004 to found a new company named WellPoint Inc. Again, from 2004 to 2012, WellPoint Inc. acquired a lot of small insurance companies including Alexandria, Resolution Health, DeCare Dental, and Amerigroup.
In 2014, the company renamed itself WellPoint Inc. to Anthem Inc. Gail Koziara Boudreaux was announced as the CEO of Anthem Inc. in 2017. Currently, despite the economic recession, Anthem, Inc. is performing very well.
Anthem Inc. is one of the leading healthcare services and insurance providers in the United States. The company was founded to improve the lives of people by providing adequate quality health financial services, by innovating the overall healthcare system, and by making healthcare services easier and simpler to get.
The future of the company is also dedicated to achieving these goals. The company is very motivated to improve lives by simplifying healthcare for everyone.
Keeping in view the past performance and projection models of Anthem, it is very likely that they will achieve their goals very soon.
What is Anthem’s mission statement?
The philosophy or the mission statement behind the formation of this healthcare insurance company is not similar to other companies in this sector. Although, it is a for-profit company it was not founded to only make profits.
The core values of the company are integrity, agility, diversity, community, and leadership. Their mission statement is “Improving Lives and Communities”. They want to innovate healthcare in their unique way.
The business strategy of Anthem Inc. is straightforward. Anthem has a clearly defined list of responsibilities and they make every business move and business strategy by keeping these responsibilities in view. Here, we will discuss them.
- Quality – Anthem Inc. always prioritizes the quality of its services. Quality is the attribute that has remained with Anthem throughout its history. Because of this, they have a very high customer satisfaction rate.
- Productivity – The company also focuses on the productivity and efficiency of daily execution. Productivity is very important to Anthem. So, productivity has always been a huge part of their business strategy.
- Growth – Like other companies, Anthem also wants to grow and expand. After all, growth is also a primary objective of every business. For this, the company tries to capitalize on new opportunities.
- Value – Anthem Inc. believes that providing more value is the only way to grow substantially. That is why their services are invariably considered money value.
Anthem Inc. CEO and key executive team
|Gail K. Boudreaux||President and CEO|
|John E. Gallina||Executive Vice President and Chief Vice President|
|Peter D. Haytaian||Executive Vice President and President Commercial and Specialty Business Division|
|Felicia F. Norwood||Executive Vice President and President, Government Business Division|
|Ronald W. Penczek||Senior Vice President and Chief Accounting Officer|
|Source: ir.antheminc.com, ir.antheminc.com|
How Does Anthem Inc. Makes Money?
Anthem Inc. is a for-profit health insurance provider in the United States and a large portion of its revenue comes from selling insurance services. It is the largest health insurance provider Blue Cross Blue Shield Association. It has around active 40 million members.
These members pay for the insurance services provided by the company and by using this model, Anthem Inc. makes its revenue. The net income of Anthem in 2020 was $4.5 billion and its revenue was $121.9 billion. The company also has assets of over $86 billion.
Top 5 biggest Anthem Inc. competitors or Alternative
Humana Inc. is a health insurance company. It is based in Louisville, Kentucky founded in 1961. It is one of the largest health insurance companies in the United States. The company was ranked 41st in Fortune 500 in 2021. Their revenue in 2020 was around $77 billion and net income was $3.3 billion.
Humana also has the highest ranking among all the insurance companies in the United States. Humana Inc. is one of the largest competitors of Anthem Inc.
Cigna is another popular name in the insurance market. It is an American-based multinational healthcare insurance provider. Cigna was founded in 1981. Their services include disability, dental, health, accident, and life insurance.
It is ranked 13th at Fortune 500. It is also listed as the fourth largest health insurance company in the United States. Revenue-wise, it is way ahead of Anthem. Their revenue in 2020 was $160.4 billion and their net income was $8.4 billion.
3. CVS Health
Consumer Value Store Health better known as CVS Health is a pharmacy company in the United States. It was established in 1963 in Lowell, Massachusetts, United States. It is a healthcare company that provides health insurance and also owns a pharmacy chain.
CVS is the world’s 7th largest company. It is ranked 7th on Fortune 500. Their revenue in 2020 was $268.7 billion and the net income was $7.1 billion. They have around 10,000 locations in the United States.
4. UnitedHealth Group
UnitedHealth Group is perhaps the largest health insurance company in the United States in terms of members. They have around 70 million active members. It is a multinational health insurance company founded in 1977 by Richard T Burke.
UnitedHealth Group is the 8th largest company in the world and it is also the 2nd largest healthcare company. As of 2021, the company has a market capitalization of around $400 billion. Their revenue in 2020 was $257 billion and net income was $15.4 billion.
5. Oscar Health
Oscar Health is a smaller insurance company as compared to other companies on the list. It was founded in 2012 in New York City. The company’s revenue in the second quarter of 2021 was $529 million and its net income was surprisingly negative.
Their net income was -$73 million. Oscar Health is not even in the 10 largest health insurance companies.
Is Anthem Inc. stock a good buy when considering long-term investments?
Anthem Inc. is not the largest but one of the leading healthcare and health insurance companies in the United States. In October 2021, Anthem stock price is $380 and its stock has never been split up.
According to CNN, in the coming 12 months, Anthem stock price is expected to grow by 19%. It can reach a minimum of $440 and a maximum of $510.
A team of 22 analysts predicted these figures. This makes it a credible and authentic source. A 19% increment makes it a very profitable stock and it is a great buy at this time.
If someone is considering a very long-term investment like for years, there is also a piece of good news for you. Everyone knows that most stocks are profitable on a long-term basis and very few are non-profitable. The same case is with Anthem stock.
The next 5 years of Anthem will be very profitable but after 2026, it is very difficult to say what will happen. Holding Anthem stock can be quite profitable in the long-term.
1. When did Anthem Inc. go public?
Anthem Inc. became a publicly-traded company in October 2001. Its stock symbol is NYSE: ANTM.
2. Does Anthem Inc. pay dividends?
Yes, Anthem Inc. pays a dividend quarterly. The dividend paid in September 2021, was around $0.95 on their common stock. The annual dividend yield is around 1.14%.
3. How many people are insured by Anthem?
Around 106 million people are insured by Anthem making it one of the leading health insurance companies in the United States. Out of which, 42 million people are in its family health plan.
4. Is Anthem a good company to work for?
Around 85% of employees of Anthem Inc. recommend working for it. 88% of its employees feel proud to tell others that they work for Anthem. It shows that Anthem surely is a great company to work for.
Anthem Inc., which is one of the most popular and reliable health insurance providers in the United States has been discussed thoroughly in this article. We talked about their history, revenue model, unique selling proportions, competitors, and stock.
Anthem Inc. may not be the largest health insurance company but it is surely the provider of the best services.
It has a very high percentage of satisfied customers which shows that its services are supreme. Anthem was officially founded in 2004 and since then, it has achieved a lot. Also, its rapid past growth assures that in the future, it is going to accomplish much more.