QUANTUMONLINE.COM SECURITY DESCRIPTION:  Anthem, Inc., 5.25% Equity Units due 5/1/2018, stated amount $50 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 1/20, or 5%, undivided beneficial ownership interest in 1.90% Remarketable Subordinated Notes (RSN) due 5/1/2028 with a principal amount of $1,000. The stock purchase contract requires the holder to purchase for $50 a variable number of shares of Anthem, Inc. (NYSE: ANTM) common stock no later than 5/1/2018 and pays a contract adjustment rate of 3.35% per annum. The stock purchase settlement rate will be 0.2406 shares per unit if the then current market price is equal to or greater than $207.805 and 0.3475 shares per unit if the market price is equal to or less than $143.865. For market prices between those values the settlement rate will be $50 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 5/6/2015 was $159.85 per share. The stock purchase contract may be settled any time at the holder’s option and the company will deliver 0.2406 shares of common stock for each purchase contract. The RSN is due 5/1/2028 and is subject to reset and remarketing on the third business day prior to 4/26/2018. The Corporate Units pay quarterly distributions of 5.25% ($2.625) per annum on 2/1, 5/1, 8/1 & 11/1 to holders of record on the record date that will be the 15th day of the calendar month immediately preceding the month in which the payment is due (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The Company has the right to defer distribution payments but not beyond the maturity date (see prospectus page S-6 for further information). Following a Fundamental Change, holders will have the right to accelerate and settle the purchase contract early on the fundamental change early settlement date plus an additional make-whole amount of shares (see prospectus for further information). Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The RSNs are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the RSN and to later recreate Treasury Units. The RSNs are unsecured and subordinated and rank equally with the company's other unsecured and subordinated indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
NYSE Chart	5.25% $2.625	$50.00 $50.00	5/01/2018 5/01/2018	Baa3 BBB+ 12/29/2017	0.2406@$207.805+ 0.3475@$143.865-	2/1, 5/1, 8/1 & 11/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.antheminc.com
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address	Douglas.simpson@anthem.com
Printed Material Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   120 Monument Circle, Indianapolis, IN 46204
Main Phone Number	317-488-6000
Fax Number	317-488-6275
Investor Relations   Douglas Simpson	317-488-6181
Toll Free Phone Number	800-985-0999

CEO - Joseph R. Swedish

CFO - Wayne S. DeVeydt