Discontinued — last reported Q4 '23
Business Segments · Premiums
Segment Eliminations — Premiums
Elevance Health Segment Eliminations — Premiums increased by 3.1% to -$94.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 9.3%, from -$86.00M to -$94.00M. Over 2 years (FY 2021 to FY 2023), Segment Eliminations — Premiums shows a downward trend with a 57.0% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2020
Last reportedQ4 2023
Rolls up toNet premiums earned
How to read this metric
An increase in the absolute value of eliminations suggests higher intersegment activity, while a decrease suggests lower internal premium movement.
Detailed definition
This metric represents the intersegment adjustments made to premium revenue to ensure consolidated financial statements...
Peer comparison
Most large diversified insurers report similar intersegment eliminations to reconcile consolidated revenue figures.
Metric ID:
elv_segment_segment_eliminations_premiumsHistorical Data
11 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$34.50M | -$34.50M | -$34.50M | -$44.00M | -$38.00M | -$66.00M | -$86.00M | -$76.00M | -$73.00M | -$97.00M | -$94.00M |
| QoQ Change | — | +0.0% | +0.0% | -27.5% | +13.6% | -73.7% | -30.3% | +11.6% | +3.9% | -32.9% | +3.1% |
| YoY Change | — | — | — | — | -10.1% | -91.3% | -149.3% | -72.7% | -92.1% | -47.0% | -9.3% |
Range-$97.00M – -$34.50M
CAGR+49.3%
Avg YoY Growth-67.4%
Median YoY Growth-72.7%
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Frequently Asked Questions
- What is Elevance Health's segment eliminations — premiums?
- Elevance Health (ELV) reported segment eliminations — premiums of -$94.00M in Q4 2023.
- How has Elevance Health's segment eliminations — premiums changed year-over-year?
- Elevance Health's segment eliminations — premiums decreased by 9.3% year-over-year, from -$86.00M to -$94.00M.
- What is the long-term trend for Elevance Health's segment eliminations — premiums?
- Over 2 years (2021 to 2023), Elevance Health's segment eliminations — premiums has grown at a 57.0% compound annual growth rate (CAGR), from -$138.00M to -$340.00M.
- What does segment eliminations — premiums mean?
- The adjustment amount removed from total premiums to eliminate internal revenue transfers between business segments.