Discontinued — last reported Q4 '23
Health Benefits Segment — Service fees
Elevance Health Health Benefits Segment — Service fees decreased by 4.3% to $1.73B in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 4.5%, from $1.66B to $1.73B. Over 2 years (FY 2021 to FY 2023), Health Benefits Segment — Service fees shows an upward trend with a 8.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates growth in the administrative-services-only (ASO) business, which provides predictable, lower-risk revenue.
Detailed definition
Revenue derived from administrative services provided to self-insured employers or government programs where the company...
Peer comparison
Standard metric for health insurers with significant ASO or third-party administration business models.
elv_segment_health_benefits_segment_service_feesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.50B | $1.50B | $1.50B | $1.56B | $1.61B | $1.69B | $1.66B | $1.75B | $1.77B | $1.81B | $1.73B |
| QoQ Change | — | +0.0% | +0.0% | +4.2% | +2.9% | +5.0% | -1.8% | +5.3% | +1.2% | +2.4% | -4.3% |
| YoY Change | — | — | — | — | +7.2% | +12.5% | +10.5% | +11.6% | +9.8% | +7.2% | +4.5% |
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Frequently Asked Questions
- What is Elevance Health's health benefits segment — service fees?
- Elevance Health (ELV) reported health benefits segment — service fees of $1.73B in Q4 2023.
- How has Elevance Health's health benefits segment — service fees changed year-over-year?
- Elevance Health's health benefits segment — service fees increased by 4.5% year-over-year, from $1.66B to $1.73B.
- What is the long-term trend for Elevance Health's health benefits segment — service fees?
- Over 2 years (2021 to 2023), Elevance Health's health benefits segment — service fees has grown at a 8.4% compound annual growth rate (CAGR), from $6.00B to $7.06B.
- What does health benefits segment — service fees mean?
- Revenue earned from providing administrative services to clients.