Anthem's net income drops 19% in Q1

Anthem's net income dropped 19 percent year-over-year, from $865 million to $703 million, the insurer said in an earnings report out Wednesday. However, the insurer reiterated its 2016 adjusted earnings outlook of greater than $10.80 a share, and it saw an uptick in its total medical membership, which rose 2.8 percent in Q1 2016 compared to the year prior.

On an earnings call with analysts, CEO Joseph Swedish offered an optimistic view of Anthem's individual market business in spite of losses it has experienced in that segment. "We do believe we're well-positioned for continued growth in the marketplace," he said. Earnings report