Discontinued — last reported Q4 '22
Business Segments · Total net incurred medical claims
Commercial & Specialty Business Segment — Total net incurred medical claims
Elevance Health Commercial & Specialty Business Segment — Total net incurred medical claims increased by 7.2% to $8.05B in Q4 2022 compared to the prior quarter. Year-over-year, this metric grew by 5.0%, from $7.66B to $8.05B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ4 2022
How to read this metric
Higher values relative to revenue indicate lower underwriting margins, while lower values indicate higher profitability.
Detailed definition
This is the aggregate of all net medical claims incurred by the Commercial and Specialty segment, encompassing both curr...
Peer comparison
Equivalent to total net medical claims expense reported by peer health insurers.
Metric ID:
elv_segment_commercial_and_specialty_business_total_net_incurred_medical_claimsHistorical Data
7 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|---|---|---|
| Value | $6.72B | $7.21B | $7.66B | $6.83B | $7.52B | $7.51B | $8.05B |
| QoQ Change | — | +7.4% | +6.3% | -10.8% | +10.1% | -0.2% | +7.2% |
| YoY Change | — | — | — | — | +12.0% | +4.1% | +5.0% |
Range$6.72B – $8.05B
CAGR+12.8%
Avg YoY Growth+7.0%
Median YoY Growth+5.0%
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Frequently Asked Questions
- What is Elevance Health's commercial & specialty business segment — total net incurred medical claims?
- Elevance Health (ELV) reported commercial & specialty business segment — total net incurred medical claims of $8.05B in Q4 2022.
- How has Elevance Health's commercial & specialty business segment — total net incurred medical claims changed year-over-year?
- Elevance Health's commercial & specialty business segment — total net incurred medical claims increased by 5.0% year-over-year, from $7.66B to $8.05B.
- What does commercial & specialty business segment — total net incurred medical claims mean?
- The total net cost of medical claims incurred by the Commercial and Specialty segment after accounting for all recoveries.