US health insurer Anthem's profit rises nearly 10%

Industries Reuters

The office building of health insurer Anthem is seen in Los Angeles, California (Copyright Reuters 2016)

U.S. health insurer Anthem on Wednesday reported a nearly 10 percent increase in quarterly profit, helped by higher enrollment and a rise in premium rates.

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Anthem's results come a day after Senate Republicans narrowly agreed to open debate on a bill to end Obamacare, but the party's seven-year effort to roll back Democratic President Barack Obama's signature healthcare law still faces significant hurdles.

Anthem said net income rose to $855.3 million, or $3.16 per share in the second quarter ended June 30, from $780.6 million, or $2.91 per share, a year earlier.

Total operating revenue climbed to $22.20 billion from $21.27 billion.

(Reporting by Ankur Banerjee in Bengaluru; Editing by Sai Sachin Ravikumar)