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Elevance Health ELV Total Carelon — Premiums

Other segment segments

Health Benefits
$40.65B+2.4%
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 total carelon — premiums?
Elevance Health (ELV) reported total carelon — premiums of $833M in Q2 2026.
How has Elevance Health's total carelon — premiums changed year-over-year?
Elevance Health's total carelon — premiums decreased by 55.3% year-over-year, from $1.86B to $833M.
What is the long-term trend for Elevance Health's total carelon — premiums?
Over 3 years (2022 to 2025), Elevance Health's total carelon — premiums has grown at a 61.5% compound annual growth rate (CAGR), from $1.5B to $6.32B.
What does total carelon — premiums mean?
Represents the total insurance premiums earned by the Carelon segment from health plan members. This metric reflects the revenue generated from underwriting risk for health coverage within this specific business unit. It serves as a primary indicator of the segment's market reach and scale in providing insurance products.

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