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Anthem quarterly profit more than doubles on IngenioRx strength -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Anthem office is seen in Newbury Park (California), February 5, 2015. REUTERS/Gus Ruelas (UNITED STATES )/File Photo

(Reuters) – Anthem Inc posted a 106% increase in its fourth quarter profit as America’s second-largest health insurance company reported Wednesday. The unit, which includes IngenioRx pharmacy benefits management business and IngenioRx pharmacy benefits management business, was able to benefit from an additional 10% of the profits.

The net income attributable by shareholders increased to $1.14Billion or $4.63/share in the quarter that ended December 31, 2016, from $551M, or 2.19 per share, one year ago.

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