Elevance Health ELV Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Operating revenue - total by Business | |||||
| Carelon Services Segment | $28.32B+57.7% | $17.96B+27.0% | $14.15B+10.0% | $12.86B+26.9% | |
| CarelonRx Segment | $43.4B+20.7% | $35.96B+6.3% | $33.84B+18.6% | $28.53B+12.2% | |
| Health Benefits Segment | $167.09B+11.2% | $150.28B+1.1% | $148.57B+7.3% | $138.48B+13.8% | |
| Reportable segments’ operating gain by Business | |||||
| CarelonRx Segment | $2.42B+11.3% | $2.17B+10.0% | $1.98B+5.7% | $1.87B+10.9% | |
| Corporate & Other | -$337M+73.5% | -$1.27B-21.6% | -$1.04B-635% | -$142M— | |
| Health Benefits Segment | $4.38B-29.9% | $6.24B-9.4% | $6.89B+14.4% | $6.02B+2.9% | |
| Cost of products sold by Business | |||||
| Carelon Services | $0— | $0— | $0— | $0— | |
| CarelonRx | $40.08B+21.5% | $32.98B+4.4% | $31.59B+19.0% | $26.54B— | |
| Corporate & Other | $0— | $0— | $0— | $0— | |
| Health Benefits | $0— | $0— | $0— | $0— | |
| Premiums by Business | |||||
| Carelon Services Segment | $6.32B+140% | $2.63B+56.6% | $1.68B+12.0% | $1.5B-16.1% | |
| CarelonRx Segment | $0— | $0— | $0— | $0— | |
| Corporate & Other | $0— | $0— | $0— | $0— | |
| Health Benefits Segment | $159.46B+11.8% | $142.67B+0.8% | $141.52B+7.2% | $131.96B+14.0% | |
| Operating expense by Business | |||||
| Carelon Services | $3.07B+7.6% | $2.86B0.0% | $2.86B+7.5% | $2.66B— | |
| CarelonRx | $905M+11.6% | $811M+198% | $272M+139% | $114M— | |
| Corporate & Other | $816M-47.7% | $1.56B+4.8% | $1.49B+196% | $502M— | |
| Health Benefits | $19.05B+9.9% | $17.33B-3.6% | $17.98B+8.3% | $16.59B— | |
| Benefit expense by Business | |||||
| Carelon Services | $24.28B+68.8% | $14.39B+35.6% | $10.61B+9.8% | $9.67B— | |
| CarelonRx | $0— | $0— | $0— | $0— | |
| Corporate & Other | $25M+31.6% | $19M-45.7% | $35M-10.3% | $39M— | |
| Health Benefits | $143.89B+13.6% | $126.7B+2.4% | $123.71B+6.8% | $115.87B— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Elevance Health break its business down?
- Elevance Health (ELV) reports operating revenue - total by business across 4 parts — Carelon Services Segment, CarelonRx Segment, Corporate & Other and Health Benefits Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Elevance Health's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Elevance Health's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
