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Elevance Health ELV Reportable Segments — Net investment income

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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:NetInvestmentIncome.

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
Line itemThree Months Ended June 30 / 2026Three Months Ended June 30 / 2025Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Reportable segments’ operating revenue$49,826$49,421$99,320$98,186
Net investment income7044861,4691,076
Net losses on financial instruments(56)(131)(134)(595)
Total revenues$50,474$49,776$100,655$98,667

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Elevance Health's reportable segments — net investment income?
Elevance Health (ELV) reported reportable segments — net investment income of $704M in Q2 2026.
How has Elevance Health's reportable segments — net investment income changed year-over-year?
Elevance Health's reportable segments — net investment income increased by 44.9% year-over-year, from $486M to $704M.
What is the long-term trend for Elevance Health's reportable segments — net investment income?
Over 3 years (2022 to 2025), Elevance Health's reportable segments — net investment income has grown at a 13.9% compound annual growth rate (CAGR), from $1.49B to $2.19B.
What does reportable segments — net investment income mean?
This represents the income generated from the investment portfolio held by a specific business segment, primarily consisting of interest, dividends, and realized gains. It reflects the segment's ability to earn returns on the float or capital reserves maintained for insurance liabilities. This income is a critical component of the overall profitability for insurance-based segments.

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