Elevance Health
RANK
20
Health-insurance provider Elevance Health experienced rapid growth during the public-health crisis created by COVID-19. In 2021, its profits increased by 33.5% compared with the prior year’s, and the company announced in early 2022 that it expects medical costs to remain at a high level in the near future owing to COVID. Meanwhile, Elevance Health added about 30% more Medicare Advantage customers in 2021 than it did the previous year, enrolling 431,000 new members in the plans.
Pavlo Gonchar—SOPA Images/LightRocket/Getty Images
Company Information
As of 4/4/23
Country
U.S.
Headquarters
Indianapolis
Industry
Health Care: Insurance and Managed Care
CEO
Gail K. Boudreaux
Website
Company Type
Public
Ticker
ELV
Revenues ($M)
$156,595
Profits ($M)
$6,025
Market Value ($M)
$109,983
Employees
102,300
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 17, 2023. Sources: S&P Global; Bloomberg.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$138,639
13.8%
Profits ($M)
$6,104
33.5%
Assets ($M)
$97,460
-
Total Stockholder Equity ($M)
$36,060
-
Profit Ratios
Profit as % of Revenues
4.4%
Profits as % of Assets
6.3%
Profits as % of Stockholder Equity
16.9%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
2,473
EPS % Change (from 2020)
37.5%
EPS % Change (5 year annual rate)
21.8%
EPS % Change (10 year annual rate)
13.1%
Total Return
Total Return to Investors (2021)
46%
Total Return to Investors (5 year, annualized)
28%
Total Return to Investors (10 year, annualized)
23.3%
Elevance Health Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $121,86716.9% | $4,572-4.9% | $86,615 | $33,199 |
| 2020 | $104,21313.1% | $4,80728.2% | $77,453 | $31,728 |
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