Anthem, Inc. (NYSE:ANTM) reported strong Q4 results, reflecting strong execution amid COVID.

The company delivered a strong finish to 2021 with Q4/21 EPS just ahead of expectations, reflecting solid execution across the enterprise. Adjusted EPS for the full year of $25.98 represents 16% year-over-year growth, just above the company’s long-term 12-15% target, reflecting strong membership growth and continued evolution of business mix toward government.

ANTM achieved a 17% growth in government membership in 2021, including organic growth in Medicaid and Medicare Advantage, as well as a contribution from the MMM acquisition in Puerto Rico.

The company’s initial 2022 EPS guidance falls within the company’s long-term growth outlook, highlighted by expected double-digit growth in individual MA membership and stable performance across third-party distribution channels.