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Elevance Health ELV Health Benefits — Premiums

Other segment segments

Corporate & Other
$0

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Other financials

Income statement

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Revenue$50.5B+1.4%
Gross profit$45.0B+1.1%
Net income$1.5B-16.1%
EPS (diluted)$6.71-13.1%

Balance sheet

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Cash & equivalents$10.2B+19.5%
Total debt$30.7B+7.5%
Total equity$44.9B+2.7%
Total assets$126.44B+3.7%

Cash flow

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Operating cash flow$1.9B-6.9%
CapEx$287.0M+7.5%
Free cash flow$1.6B-9.0%

Valuation

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Market cap$84.85B+36.4%
Enterprise value$105.28B+28.1%
P/E17.1×+5.5×
P/S0.4×+0.1×

Profitability

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Gross margin89.1%+0.4pp
Net margin2.5%-0.4pp
FCF margin3.2%+0.4pp

Returns & leverage

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Return on equity11.2%-1.3pp
Debt / equity0.7×0.0×
Current ratio1.5×+0.1×

Where this comes from

Reported directly by Elevance Health in its filing.

Tagged under the XBRL concept us-gaap:PremiumsEarnedNet.

The source filing: Elevance Health’s 10-Q, filed July 15, 2026.

Filed
Jul 15, 2026, 11:27 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001156039-26-000060
Three Months Ended June 30, 2026Health Benefits / Three Months Ended June 30, 2026Carelon / Carelon RxCarelon / Carelon ServicesCarelon / TotalCorporate & OtherEliminationsTotal
Premiums$40,647$833$833$(201)$41,279
Product revenue6,2646,2646,264
Service fees2,07332072102,283
Operating revenue - unaffiliated42,7206,2671,0407,307(201)49,826
Operating revenue - affiliated4,9836,93511,9186(11,924)
Operating revenue - total$42,720$11,250$7,975$19,225$6$(12,125)$49,826
Benefit expense$36,739$6,743$6,743$6$(6,464)$37,024
Cost of products sold10,47310,473(4,981)5,492

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Elevance Health's health benefits — premiums?
Elevance Health (ELV) reported health benefits — premiums of $40.65B in Q2 2026.
How has Elevance Health's health benefits — premiums changed year-over-year?
Elevance Health's health benefits — premiums increased by 2.4% year-over-year, from $39.71B to $40.65B.
What is the long-term trend for Elevance Health's health benefits — premiums?
Over 4 years (2021 to 2025), Elevance Health's health benefits — premiums has grown at a 8.3% compound annual growth rate (CAGR), from $115.73B to $159.46B.
What does health benefits — premiums mean?
This metric represents the total revenue generated from insurance premiums within the Health Benefits segment. It reflects the core income stream derived from providing medical coverage to employer, individual, and government-sponsored members. Growth in this figure indicates successful member acquisition and effective pricing strategies within the health insurance market.

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