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Health insurer Anthem profit rises 17.5 percent

    ANTHEM
    142,05-0,63%
    (Reuters) - Health insurer Anthem Inc reported a 17.5 percent rise in quarterly earnings helped by strong performance in its commercial and government businesses.

    Net income rose to $859.1 million, or $3.13 per share, for the second quarter ended June 30, from $731.1 million, or $2.56 per share, a year earlier.

    The company, which agreed to buy smaller rival Cigna Corp last week in a deal valued at $54.2 billion, said total revenue rose 8.3 percent to $20.02 billion.

    (Reporting by Amrutha Penumudi in Bengaluru; Editing by Anil D'Silva)

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