Elevance forecasts 2026 profit below estimates, flags revenue decline

By Sriparna Roy and Sneha S K Jan 28 (Reuters) - Elevance Health said on Wednesday it expects revenue to fall slightly in 2026 and forecast full-year profit below Wall Street estimates, signaling that elevated medical costs will continue to weigh on insurers. The dour outlook ​sent shares of the health insurer down more than 7% before the bell. “We view 2026 as a year of execution and repositioning ‌across Medicaid, Medicare Advantage and (Obamacare plans),” said CEO Gail Boudreaux, adding the forecas ...