Discontinued — last reported Q3 '24
Carelon Total — Premiums
Elevance Health Carelon Total — Premiums decreased by 14.4% to $680.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 61.1%, from $422.00M to $680.00M. Over 2 years (FY 2021 to FY 2023), Carelon Total — Premiums shows relatively stable performance with a -3.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests growth in membership or successful premium rate adjustments, while a decrease may indicate member attrition or competitive pricing pressure.
Detailed definition
This metric represents the total revenue generated from insurance premiums collected by the business segment. It reflect...
Peer comparison
Comparable to 'Net Premiums Earned' at other major health insurance providers like UnitedHealth or Cigna.
elv_segment_total_premiumsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $446.50M | $446.50M | $446.50M | $366.00M | $327.00M | $412.00M | $394.00M | $410.00M | $429.00M | $422.00M | $418.00M | $408.00M | $794.00M | $680.00M |
| QoQ Change | — | +0.0% | +0.0% | -18.0% | -10.7% | +26.0% | -4.4% | +4.1% | +4.6% | -1.6% | -0.9% | -2.4% | +94.6% | -14.4% |
| YoY Change | — | — | — | — | -26.8% | -7.7% | -11.8% | +12.0% | +31.2% | +2.4% | +6.1% | -0.5% | +85.1% | +61.1% |
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Frequently Asked Questions
- What is Elevance Health's carelon total — premiums?
- Elevance Health (ELV) reported carelon total — premiums of $680.00M in Q3 2024.
- How has Elevance Health's carelon total — premiums changed year-over-year?
- Elevance Health's carelon total — premiums increased by 61.1% year-over-year, from $422.00M to $680.00M.
- What is the long-term trend for Elevance Health's carelon total — premiums?
- Over 2 years (2021 to 2023), Elevance Health's carelon total — premiums has grown at a -3.0% compound annual growth rate (CAGR), from $1.79B to $1.68B.
- What does carelon total — premiums mean?
- The total amount of money collected from insurance policyholders for coverage.