Elevance 2026 Outlook Falls Short as Government Support Ebbs (3)

Elevance Health Inc. forecast a worse 2026 profit outlook than analysts were expecting and lowered its long-term margin target as it grapples with weakness in its government health plan business, the latest blow to health insurers hammered this week by bad news.

Adjusted profit will be at least $25.50 a share, the company said in a statement Wednesday, short of the average analyst estimate of $26.99 in a Bloomberg survey. The company also said it expects total operating revenue to decline by a low single-digit percentage this year.

The poorer-than-anticipated forecast added to pressure facing the health insurance industry. Earlier ...