April 22 (Reuters) - Health insurer Elevance Health ELV.N said on Tuesday its first-quarter profit came above Street expectations, matching the preliminary estimates it released last week after bellwether UnitedHealth's UNH.N lowered full-year forecast triggered a selloff in the sector.
Elevance also reiterated its full-year profit forecast of $34.15 to $34.85 per share, and reported first-quarter adjusted shareholders' net income of $11.97 per share.
The company came out with preliminary earnings numbers on Thursday, amid a sharp decline in health insurers after UnitedHealth missed quarterly profit estimates due to elevated patient care costs in its Medicare Advantage business.
(Reporting by Sneha S K and Manas Mishra in Bengaluru; Editing by Shinjini Ganguli)
((Sneha.SK@thomsonreuters.com;))
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