Elevance Health Inc. operates as a health benefits company. It supports consumers, families, and communities across the entire care journey connecting to the care, support, and resources to lead healthier lives. It serves approximately 118 million people through a portfolio of medical, digital, pharmacy, behavioral, clinical, and care solutions. The company was formerly known as Anthem, Inc. and changed its name to Elevance Health Inc. in June 2022. Elevance Health Inc. was founded in 1944 and is headquartered in Indianapolis, Indiana.

Elevance Health, Inc.

Premiums

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Net Investment Income

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Net Gains on Financial Instruments

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Gain on Sale of Business

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Total Revenues

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Benefit Expense

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Selling Expense

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General and Administrative Expense

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Total Selling, General and Administrative Expense

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Cost of Products Sold

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Selling, General and Administrative Expense

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Operating Expense

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Impairment of Goodwill and Other Intangible Assets

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Loss on Extinguishment of Debt

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Total Expenses

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Income Before Income Tax Expense

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Income Tax Expense

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Income from Continuing Operations

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Income from Discontinued Operations, Net of Tax

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Net Income

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Net Loss Attributable to Noncontrolling Interests

Cost of Sales

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Non-Operating Income

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Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	193,262	175,204	170,209	155,660	136,943	120,808	103,141	91,341	89,061	84,194	78,404.8
Total Revenues %Chg	11.9%	2.9%	9.3%	13.7%	13.4%	17.1%	12.9%	2.6%	5.8%	7.4%	7.4%
Premiums
Product Revenue
Service Fees
Other Revenue
Cost of Sales	165,326	147,317	141,623	129,677	113,466	96,998	83,778	71,895	72,236	66,834	61,116.9
Benefit Expense
Cost of Products Sold
Gross Profit	27,936	27,887	28,586	25,983	23,477	23,810	19,363	19,446	16,825	17,360	17,287.9
Gross Profit Margin	14.5%	15.9%	16.8%	16.7%	17.1%	19.7%	18.8%	21.3%	18.9%	20.6%	22%
Selling, General & Administrative Expenses	20,373	20,025	20,087	17,700	15,918	17,450	13,364	14,020	12,650	12,559	12,534.8
Selling Expense
General and Administrative Expense
Selling, General and Administrative Expense
Operating Expense
Depreciation & Amortization Expenses	644	580	885	767	441	361	338	358	169	192	230.1
Amortization of Other Intangible Assets
Other Operating Expenses	20,373	20,025	20,087	17,700	15,918	—	—	—	—	—	—
Operating Expense
Impairment of Goodwill and Other Intangible Assets
Impairment of Other Intangible Assets
Operating Profit	-13,454	-12,743	-12,473	-10,184	-8,800	5,999	5,661	5,068	4,006	4,609	4,523
Operating Margin	-7%	-7.3%	-7.3%	-6.5%	-6.4%	5%	5.5%	5.5%	4.5%	5.5%	5.8%
Interest and Investment Income	2,228	2,051	1,825	1,485	1,378	877	1,005	970	867	779	677.6
Net Investment Income
Interest Expense	-1,376	-1,185	-1,030	-851	-798	-784	-746	-753	-739	-723	-653
Interest Expense
Non-Operating Income	-670	-244	-694	-550	297	146	65	-217	-170	-257	166.8
Net Gains on Financial Instruments
Gain on Sale of Business
Loss on Extinguishment of Debt
Other-Than-Temporary Impairment Losses Recognized in Income
Other-Than-Temporary Impairment Losses Recognized in Income
Total Other-Than-Temporary Impairment Losses on Investments
Total Non-Operating Income	182	622	101	84	877	239	324	—	-42	-201	191.4
Income Before Provision for Income Taxes	7,101	7,904	7,715	7,600	7,995	6,238	5,985	5,068	3,964	4,555	4,631
Income Before Income Tax Expense
Provision for Income Taxes	1,573	1,933	1,724	1,712	1,846	1,666	1,178	1,318	121	2,085	2,071
Income Tax Expense
Consolidated Net Income	5,528	5,971	5,991	5,888	6,149	4,572	4,807	3,750	3,843	2,470	2,560
Income from Continuing Operations
Net Income
Net Income Attributable to Minority Interests and Other	—	-9	4	-6	-9	—	—	—	—	—	—
Net Loss Attributable to Noncontrolling Interests
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	—	—	—
Income from Discontinued Operations, Net of Tax
Net Income Attributable to Common Shareholders	5,533	5,980	5,987	5,894	6,158	4,572	4,807	3,750	3,843	2,470	2,560
Shareholders' Net Income
Basic EPS	24.5	25.8	25.4	24.6	25.3	18.2	18.8	14.5	14.7	9.4	9.7
Diluted EPS	24.5	25.7	25.2	24.3	25	18	18.5	14.2	14.4	9.2	9.4
Basic Weighted Average Shares Outstanding	226.5	231.7	235.9	240	243.8	250.8	255.5	258.1	261.5	262.9	263
Total Shares Outstanding	222.2	227.5	233.1	238	241.8	245.4	252.9	257.4	256.1	263.7	261.2
Diluted Weighted Average Shares Outstanding	227	232.9	237.4	242.8	246.8	254.3	260.3	264.2	267.8	268.1	272.9
EBITDA	-11,916	-11,350	-10,728	-8,509	-7,498	7,153	6,794	6,200	4,897	5,521	5,430.9
Effective Tax Rate	22.2%	24.5%	22.3%	22.5%	23.1%	26.7%	19.7%	26%	3.1%	45.8%	44.7%