Discontinued — last reported Q4 '22
Government Business Segment — Current Year Claims and Claims Adjustment Expense
Elevance Health Government Business Segment — Current Year Claims and Claims Adjustment Expense remained flat by 0.0% to $20.45B in Q4 2022 compared to the prior quarter. Year-over-year, this metric grew by 15.7%, from $17.67B to $20.45B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to premiums suggests margin compression, while a decrease relative to premiums suggests improved underwriting profitability.
Detailed definition
This represents the total medical claims and associated administrative costs incurred during the current fiscal year for...
Peer comparison
Standard metric for all health insurers; comparable to 'Current Year Incurred Claims' at peers like UnitedHealth or CVS/Aetna.
elv_segment_government_business_current_year_claims_and_claims_adjustment_expenseHistorical Data
| FY'21 | FY'22 | |
|---|---|---|
| Value | $70.67B | $81.80B |
| YoY Change | — | +15.7% |
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Frequently Asked Questions
- What is Elevance Health's government business segment — current year claims and claims adjustment expense?
- Elevance Health (ELV) reported government business segment — current year claims and claims adjustment expense of $20.45B in Q4 2022.
- How has Elevance Health's government business segment — current year claims and claims adjustment expense changed year-over-year?
- Elevance Health's government business segment — current year claims and claims adjustment expense increased by 15.7% year-over-year, from $17.67B to $20.45B.
- What does government business segment — current year claims and claims adjustment expense mean?
- The total cost of medical claims and related expenses incurred for government-plan members during the current year.