Operating Expenses
Policyholder Benefits And Claims Incurred Net
Elevance Health Policyholder Benefits And Claims Incurred Net decreased by 6.4% to $35.62B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.9%, from $35.31B to $35.62B. Over 4 years (FY 2021 to FY 2025), Policyholder Benefits And Claims Incurred Net shows an upward trend with a 9.6% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2013
Last reportedQ1 2026Apr 22, 2026
Metric ID:
operating_expenses_policyholder_benefits_and_claims_incu_84f983Historical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $24.76B | $26.65B | $27.46B | $28.23B | $28.8B | $29.42B | $30.2B | $30.79B | $31.6B | $30.61B | $31.33B | $30.55B | $30.57B | $32.95B | $33.5B | $35.31B | $36.71B | $38.14B | $38.07B | $35.62B |
| QoQ Change | — | +7.6% | +3.1% | +2.8% | +2.0% | +2.2% | +2.6% | +2.0% | +2.7% | -3.2% | +2.4% | -2.5% | +0.1% | +7.8% | +1.7% | +5.4% | +3.9% | +3.9% | -0.2% | -6.4% |
| YoY Change | — | — | — | — | +16.3% | +10.4% | +9.9% | +9.1% | +9.8% | +4.0% | +3.8% | -0.8% | -3.3% | +7.7% | +6.9% | +15.6% | +20.1% | +15.8% | +13.6% | +0.9% |
Range$24.76B – $38.14B
CAGR+8.0%
Avg YoY Growth+8.7%
Median YoY Growth+9.4%
Current Streak2 quarters decline
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Health Benefits | $34.39B | $35.49B | $36.85B | $37.16B | $35.45B |
| Carelon Services | $5.32B | $6.29B | $6.35B | $6.33B | $6.09B |
| Corporate & Other | $10M | $8M | $4M | $3M | $9M |
| CarelonRx | $0 | $0 | $0 | $0 | $0 |
| Total | $35.31B | $36.71B | $38.14B | $38.07B | $35.62B |
Policyholder Benefits And Claims Incurred Net at Other Companies
Frequently Asked Questions
- What is Elevance Health's policyholder benefits and claims incurred net?
- Elevance Health (ELV) reported policyholder benefits and claims incurred net of $35.62B in Q1 2026.
- How has Elevance Health's policyholder benefits and claims incurred net changed year-over-year?
- Elevance Health's policyholder benefits and claims incurred net increased by 0.9% year-over-year, from $35.31B to $35.62B.
- What is the long-term trend for Elevance Health's policyholder benefits and claims incurred net?
- Over 4 years (2021 to 2025), Elevance Health's policyholder benefits and claims incurred net has grown at a 9.6% compound annual growth rate (CAGR), from $102.57B to $148.22B.