Elevance Health, formerly known as Anthem, took in $1.6 billion in profit in the third quarter of this year, marking a 7.2% gain from Q3 of 2021. Revenues reached $39.9 billion, up 11.5% from the $35.8 billion in revenue posted a year ago.

President and CEO Gail Boudreaux attributed the financial performance to “broad-based momentum” and the “focused execution” of the company’s associates.