Discontinued — last reported Q4 '25
Business Segments · Goodwill
Health Benefits Segment — Goodwill
Elevance Health Health Benefits Segment — Goodwill decreased by 0.5% to $22.45B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.5%, from $22.56B to $22.45B.
Analysis
StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityStable
First reportedQ4 2020
Last reportedQ4 2025
Rolls up toGoodwill
How to read this metric
An increase reflects recent acquisition activity, while a decrease may signal impairment charges or divestitures.
Detailed definition
This represents the premium paid over the fair value of net identifiable assets when acquiring businesses within the Hea...
Peer comparison
A standard balance sheet item for all large-cap insurers that utilize M&A as a primary growth lever.
Metric ID:
elv_segment_health_benefits_goodwillHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $21.94B | $22.09B | $22.10B | $22.56B | $22.45B |
| QoQ Change | — | +0.7% | +0.1% | +2.1% | -0.5% |
| YoY Change | — | +0.7% | +0.1% | +2.1% | -0.5% |
Range$21.94B – $22.56B
CAGR+2.3%
Avg YoY Growth+0.6%
Median YoY Growth+0.4%
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Frequently Asked Questions
- What is Elevance Health's health benefits segment — goodwill?
- Elevance Health (ELV) reported health benefits segment — goodwill of $22.45B in Q4 2025.
- How has Elevance Health's health benefits segment — goodwill changed year-over-year?
- Elevance Health's health benefits segment — goodwill decreased by 0.5% year-over-year, from $22.56B to $22.45B.
- What does health benefits segment — goodwill mean?
- The excess purchase price paid for acquisitions in the health benefits segment over the fair value of their net assets.