Latest news with #MedicareSupplement
Yahoo
14-07-2025
- Business
- Yahoo
Elevance Health (ELV) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts forecast that Elevance Health (ELV) will report quarterly earnings of $9.20 per share in its upcoming release, pointing to a year-over-year decline of 9.1%. It is anticipated that revenues will amount to $48.13 billion, exhibiting an increase of 11.4% compared to the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding. In light of this perspective, let's dive into the average estimates of certain Elevance Health metrics that are commonly tracked and forecasted by Wall Street analysts. The consensus estimate for 'Revenues- Premiums' stands at $39.62 billion. The estimate suggests a change of +11.9% year over year. According to the collective judgment of analysts, 'Revenues- Service fees' should come in at $2.24 billion. The estimate suggests a change of -1.8% year over year. Based on the collective assessment of analysts, 'Revenues- Net investment income' should arrive at $464.67 million. The estimate points to a change of -8.5% from the year-ago quarter. Analysts forecast 'Revenues- Product revenue' to reach $6.14 billion. The estimate points to a change of +11.1% from the year-ago quarter. The consensus among analysts is that 'Benefit Expense Ratio' will reach 88.4%. Compared to the present estimate, the company reported 86.3% in the same quarter last year. Analysts expect 'Medical Membership - Medicare - Medicare Supplement' to come in at 868.88 thousand. The estimate is in contrast to the year-ago figure of 894.00 thousand. It is projected by analysts that the 'Medical Membership - Commercial Risk-Based - Employer Group Risk-Based' will reach 3.64 million. Compared to the current estimate, the company reported 3.65 million in the same quarter of the previous year. The average prediction of analysts places 'Medical Membership - Commercial Risk-Based' at 5.00 million. The estimate is in contrast to the year-ago figure of 4.93 million. The collective assessment of analysts points to an estimated 'Total Medical Membership' of 45.83 million. The estimate is in contrast to the year-ago figure of 45.78 million. The combined assessment of analysts suggests that 'Medical Membership - Medicare - Medicare Advantage' will likely reach 2.24 million. The estimate is in contrast to the year-ago figure of 2.03 million. Analysts' assessment points toward 'Medical Membership - Medicaid' reaching 8.86 million. The estimate is in contrast to the year-ago figure of 9.03 million. Analysts predict that the 'Medical Membership - Federal Employees Health Benefits' will reach 1.65 million. Compared to the current estimate, the company reported 1.66 million in the same quarter of the previous year. View all Key Company Metrics for Elevance Health here>>> Over the past month, shares of Elevance Health have returned -11.4% versus the Zacks S&P 500 composite's +4% change. Currently, ELV carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Elevance Health, Inc. (ELV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
09-07-2025
- Business
- Business Wire
Giardini Medicare, a Social Media Education Powerhouse, Joins Senior Market Sales ®
OMAHA, Neb.--(BUSINESS WIRE)-- Senior Market Sales ® (SMS), one of the industry's premier insurance marketing organizations (IMOs), has acquired Giardini Medicare, a family-operated Brighton, Michigan, insurance agency recognized for its successful use of social media to educate and acquire clients. 'At SMS we know the effectiveness of education-based marketing, but this mother-son team intrigued and impressed us with just how profitable an agency can be with education-based social media in particular,' said SMS President John Haver. 'Landing this top talent is a major win for SMS, as we continue to share resources and knowledge across our network of acquired partners and thousands of independent agents.' Being able to learn from that network was one of the main reasons that CEO Joanne Giardini-Russell and son Cameron Giardini, the agency's COO, chose to partner with SMS. They also liked that SMS' resources — from contracting support and creative services to technology and expanded product offerings — will help them grow to the next level, without having to give up their business name and identity. 'SMS has good people, and you can really see it and feel it in the office,' Giardini-Russell said. 'Senior Market Sales has experience. And with the backing by Alliant, it's a no-brainer for us.' When Alliant Insurance Services, one of nation's largest insurance distributors, acquired SMS in 2020, the partnership provided the resources for SMS to acquire other businesses and to scale while maintaining its name, culture and leadership. SMS' same approach to its acquisitions clinched the deal for Giardini Medicare, Cameron Giardini said. It's not only a unique proposition in today's environment of corporate consolidations, but also a big comfort for Giardini Medicare, which Giardini-Russell founded in 2018 after seeing the need for professionals to help consumers navigate the complexities of Medicare. Their educational videos and podcasts fueled their lead pipeline for extraordinary growth. Cameron, known for his YouTube videos, and his mother, for her TikToks, did not want to abandon their thousands of followers or the successful business model. 'We're not going anywhere,' he said. 'You'll be seeing us for a long time.' That dedication to clients and drive to continue growing are exactly what SMS is looking for in businesses it acquires, Haver said. 'Joanne and Cameron are more than social media influencers — they are Medicare marketing forces,' Haver said. 'As our network of top agents and agencies grows, we're actively experiencing the synergies that our growth strategy always envisioned. The momentum continues to grow at SMS.' About Senior Market Sales Senior Market Sales ® (SMS) represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care, individual health and travel insurance carriers in all 50 states. Independent insurance agents rely on SMS for proprietary technology, competitive insurance products, and expert training and service to help them leverage their time, make more money, and put their business in a position of distinction. Founded in 1982, SMS is headquartered in Omaha, Nebraska. In 2020, SMS joined the Alliant Insurance Services family of companies. Visit or call 1.800.786.5566 for more information. About Alliant Insurance Services Alliant Insurance Services marks a century of success as the nation's leading specialty broker. We operate through a network of specialized national platforms and local offices to offer our clients a comprehensive portfolio of risk solutions built on innovative thinking and personal service. The business of managing risk is complex, and Alliant meets this complexity head-on with creativity and agility. Alliant has changed the way our clients approach risk management and benefits, giving them complete access to our resources and expertise—regardless of where the resource is located—to capitalize on new opportunities to grow and protect their organizations and their people. Alliant is recognized as a leading destination for top-tier brokerage talent in the U.S., attracting brokers and specialists across a diverse spectrum of disciplines who are eager to advance their careers. With the advantage of being majority employee-owned, professionals choose Alliant for autonomy, unparalleled resources, and a unique equity ownership opportunity. As a testament to our commitment to excellence, Alliant maintains an impressive 99% producer retention rate and has earned Forbes' prestigious title of one of America's Best Large Employers.
Business Wire
08-07-2025
- Business
- Business Wire
Senior Market Sales ® (SMS) Acquires MIC Insurance Services
OMAHA, Neb.--(BUSINESS WIRE)--MIC Insurance Services, a highly successful New Jersey health insurance agency, has entered into a strategic partnership with Senior Market Sales ® (SMS), one of the industry's premier insurance marketing organizations (IMOs). Based in Kinnelon, New Jersey, MIC is a second-generation, family-owned independent insurance agency that since 2012 has relied on SMS' proprietary technology, industry-leading back-office support, proven marketing systems, and comprehensive product portfolio of health and wealth solutions from top carriers. 'The more we have entrusted to SMS, the better our company has become,' said MIC President Betsy Chandler. 'That can only become stronger as we continue to move forward for our company, and in the relationship with SMS and Alliant Insurance Services.' Since joining Alliant in 2020, SMS has acquired nearly 20 companies as part of its strategic growth plan expanding its national health and wealth distribution network and fostering innovation among the SMS family of companies. SMS President John Haver said MIC's impressive growth trajectory and hallmark dedication to clients align perfectly with SMS' strategy to acquire like-minded businesses that want to continue to grow. 'Their customer service is so fantastic that they never have to buy leads — they're always getting referrals. That's a testament to how they do business and to the good people that they are,' Haver said. 'They're a growing agency that wanted to partner with a growing IMO, and together we're going to grow. We anticipate that we'll be able to help them grow even faster.' Medical Insurance Claims (MIC) Inc. was founded in 1980 by Betsy's mother, Irene Card, who wanted to help patients at the oncology office she managed feel less overwhelmed by the claims submission process. In response to the shifting health care industry, she and Betsy became licensed health and life insurance producers in the early '90s, and in 2002, Betsy's husband, Terry, also became licensed and joined the family business. By the time Irene retired in 2013, the company had evolved into MIC Insurance Services but with its core commitment to integrity and client-focused service still strongly intact. As Betsy and Terry saw the landscape shifting once again, they determined the time was right to partner with a larger company equipped with the knowledge, technology and backing of an industry leader to prepare for the changes and to continue growing. 'Our company is now 45 years old and has come through a number of transitions already,' Betsy said. 'As we look to the future, we certainly would only want to engage and embrace this next chapter with SMS, a company we have a long history with already.' About Senior Market Sales Senior Market Sales ® (SMS) represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care, individual health and travel insurance carriers in all 50 states. Independent insurance agents rely on SMS for proprietary technology, competitive insurance products, and expert training and service to help them leverage their time, make more money, and put their business in a position of distinction. Founded in 1982, SMS is headquartered in Omaha, Nebraska. In 2020, SMS joined the Alliant Insurance Services family of companies. Visit or call 1.800.786.5566 for more information. About Alliant Insurance Services Alliant Insurance Services marks a century of success as the nation's leading specialty broker. We operate through a network of specialized national platforms and local offices to offer our clients a comprehensive portfolio of risk solutions built on innovative thinking and personal service. The business of managing risk is complex, and Alliant meets this complexity head-on with creativity and agility. Alliant has changed the way our clients approach risk management and benefits, giving them complete access to our resources and expertise—regardless of where the resource is located—to capitalize on new opportunities to grow and protect their organizations and their people. Alliant is recognized as a leading destination for top-tier brokerage talent in the U.S., attracting brokers and specialists across a diverse spectrum of disciplines who are eager to advance their careers. With the advantage of being majority employee-owned, professionals choose Alliant for autonomy, unparalleled resources, and a unique equity ownership opportunity. As a testament to our commitment to excellence, Alliant maintains an impressive 99% producer retention rate and has earned Forbes' prestigious title of one of America's Best Large Employers. Visit us at
Business Wire
02-07-2025
- Business
- Business Wire
SelectQuote Mourns the Passing of Tom Grant, Vice Chairman of the Board of Directors
OVERLAND PARK, Kan.--(BUSINESS WIRE)--SelectQuote, Inc. (NYSE:SLQT) announced today that William Thomas (Tom) Grant II, Vice Chairman and former President of SelectQuote, passed away on July 1, 2025, following a battle with cancer. Tom was instrumental in formulating and executing SelectQuote's strategy over the past fifteen years as the business evolved from a term life insurance brokerage into a diversified insurance and rapidly-growing healthcare services business. His strategic insights and dedication were pivotal to the company's success. Tom also personally touched the lives of thousands of SelectQuote associates and their families with his wit, warmth, and ever-present smile. 'Tom's mark on SelectQuote was profound and cannot be overstated. The success of our company, and the millions of consumers we've helped, are directly attributable to the vision and leadership of Tom Grant," said Tim Danker, SelectQuote CEO. "But, for as great of a businessperson as Tom was, he was an even better husband, father, grandfather, mentor, and friend to so many. Tom will be deeply missed.' Tom's sons, Bill Grant and Bob Grant, will remain critical members of the SelectQuote executive team going forward, continuing to serve as the company's Chief Operating Officer and President, respectively. About SelectQuote: Founded in 1985, SelectQuote (NYSE: SLQT) pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies, allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin SelectQuote's success: a strong force of highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads. Today, the Company operates an ecosystem offering high touchpoints for consumers across insurance, pharmacy, and virtual care. With an ecosystem offering engagement points for consumers across insurance, Medicare, pharmacy, and value-based care, the company now has three core business lines: SelectQuote Senior, SelectQuote Healthcare Services, and SelectQuote Life. SelectQuote Senior serves the needs of a demographic that sees around 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a Patient-Centered Pharmacy Home™ (PCPH) accredited pharmacy, SelectPatient Management, a provider of chronic care management services, and Healthcare Select, which proactively connects consumers with a wide breadth of healthcare services supporting their needs.
Business Wire
01-07-2025
- Business
- Business Wire
AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Certain Members of Health Care Service Corp Medicare & Supplemental Group Members
BUSINESS WIRE)-- AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'a' (Excellent) of select members of Health Care Service Corp Medicare & Supplemental Group (HCSC Medicare & Supplemental Group) (Chicago, IL). At the same time, AM Best has removed from under review with developing implications and downgraded the Long-Term ICRs to 'a' (Excellent) from 'a+' (Excellent) and affirmed the FSRs of A (Excellent) of certain members of HCSC Medicare & Supplemental Group. The outlook assigned to all these Credit Ratings (ratings) is stable. (Please see below for a detailed listing of companies and ratings.) The rating actions follow the completion of the acquisition by the parent organization, Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), of all The Cigna Group's Medicare Advantage, Medicare Part D, Medicare Supplement and Care Allies businesses. The transaction closed earlier this year. As part of the transaction, HCSC is obtaining 30 legal entities, 13 of which are statutory legal insurance companies. These entities will be managed together under HCSC Medicare Holdings, a newly formed intermediate holding company. After discussions with company management regarding the planned operations, capitalization, projections and integration of these businesses, the financials of the rated legal entities in the group were consolidated under one uniform rating unit based on its combined financial strength assessments. The ratings reflect HCSC Medicare & Supplemental Group's balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile, appropriate enterprise risk management (ERM) and the financial and operational support of its parent, HCSC. While capitalization had been pressured at a few of the legal entities, capital levels were bolstered as part of the final capitalization at sale, in line with the terms of the transaction. Additionally, HCSC has committed to fund additional capital throughout the course of 2025 as needed to support growth and additional projected acquisition related costs and operating losses. The 2024 Best's Capital Adequacy Ratio (BCAR) is at the strongest level but is expected to decline for a period of time during 2025 based on a combination of premium growth related to novated business at closing and additional incremental growth. Based on discussions with management, AM Best projects that this will be offset by capital contribution from HCSC as needed, and that the BCAR should improve to strongest again by year-end 2025. The balance sheet strength also reflects the sound consolidated absolute capital position of the group at approximately $2.7 billion, as well as its relatively modest underwriting leverage at 3.5 times and strong liquidity measures. Invested assets are conservatively allocated, held largely in investment grade fixed-income securities, and it is anticipated that the allocation will be similar under management by the parent going forward. The HCSC Medicare & Supplemental Group will contribute to net premium growth in core target markets for the organization, driven by membership growth across its suite of product offerings. This should help the broader organization offset attrition in its Medicaid line of business, as growth in the Medicare-related business is expected to continue. AM Best notes that consolidated underwriting and net income trends have been very challenged by changes to Medicare reimbursement and higher-than-expected medical cost trend, both of which are expected to continue in 2025. Management is focused on its star ratings and risk payment, as well as cost and expense management and efficiencies across its various Medicare Advantage plans as a part of improving future performance. Investment income has been steady and has meaningfully contributed to net earnings. The group's core offerings are Medicare Advantage, Medicare Part D and Medicare Supplement products, which are offered across numerous states that are outside of the parent's core market. The group has exhibited consistent historical membership growth in its main markets driven by government business, primarily Medicare Advantage, Medicare supplement and Medicare Part D, and other supplemental accident & health (A&H) offerings, which should complement and bolster its diversification. While competition remains strong in all lines of business, the new entities should help the organization continue to compete well and lift its market position. Given the Blue Cross Blue Shield businesses provide a significant competitive advantage in network relationships and consumer outreach, this should further help the expansion of these business lines. The ERM program will be integrated and managed at the ultimate parent level at HCSC, and it is well developed with a comprehensive risk identification, monitoring, mitigation and oversight process. Finally, these entities benefit from rating enhancement as part of the HCSC organization. They will be managed with a consolidated cost structure that management expects to lead to improved profitability and economies of scale and will expand HCSC's geographic presence and diversification with the addition of business. The new membership base and revenues will aid in providing additional scale and capabilities to HCSC's Medicare Advantage and supplemental health segments. The overall organization will grow financially through future revenue and operationally though a broader national footprint with deeper product penetration. These entities will also immediately contribute to HCSC's Medicare Advantage growth and market share, which has been a goal over the past few years. The FSR of A (Excellent) and the Long-Term ICRs of 'a' (Excellent) have been removed from under review with developing implications and affirmed, with stable outlooks assigned for the following members of HCSC Medicare & Supplemental Group: HealthSpring Life & Health Insurance Company, Inc. Bravo Health Mid-Atlantic, Inc. Bravo Health Pennsylvania, Inc. HealthSpring of Florida, Inc. The Long-Term ICRs have removed from under review with developing implications and downgraded to 'a' (Excellent) from 'a+' (Excellent), and the FSR of A (Excellent) removed from under review with developing implications and affirmed, with stable outlooks assigned for the following members of HCSC Medicare & Supplemental Group: Cigna National Health Insurance Company Medco Containment Life Insurance Company Loyal American Life Insurance Company Provident American Life and Health Insurance Company American Retirement Life Insurance Company Medco Containment Insurance Company of New York Cigna HealthCare of Colorado, Inc. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
