Health insurer Anthem failed to address the massive data breach of customers’ personal information in its announcement of quarterly results Wednesday.
But in a filing with the Securities and Exchange Commission, the company said it will continue to incur expenses related to the breach in the foreseeable future, and that those expenses may be significant. The company did not quantify how much dealing the hack may finally cost.
Eighty million people had their information compromised in the cyber attack; one million customers in Connecticut were affected.
But CEO Joe Swedish focused instead on a profitable quarter, boosted by higher membership and hikes in premiums.
"We’re pleased the evolution of our diversified business model and believe it bodes well for future growth opportunities," Swedish told analysts on a conference call. "In the first quarter our membership grew to over 38.5 million lives, and our quarterly revenue approached $19 billion."
Other health insurers have also been reporting profitable results in recent days, boosted by new business created by the Affordable Care Act.