Elevance Health Inc. (NYSE: ELV)

Healthcare Plans · Indianapolis, IN, United States · Founded 2004

$100.0B

Market Cap

$199.12B

Revenue

100,000

Employees

$5.66B

Net Income

📊 Key Statistics for Elevance Health Inc. (ELV)

Market capitalization: $100.0 billion
Annual revenue: $199.12 billion
Net income: $5.66 billion
Employees: 100,000
Sector: Healthcare
Headquarters: Indianapolis, United States
Founded: 2004

Source: Statvoo company profile for Elevance Health Inc.. Browse all 500+ companies

📋 About Elevance Health Inc.

Elevance Health (formerly Anthem) is the second-largest health insurer in the U.S., covering about 47 million medical members. Revenue exceeds $170 billion. The company operates Blue Cross Blue Shield plans in 14 states and has been building out Carelon, its healthcare services arm, to mirror UnitedHealth's Optum strategy. Elevance rebranded from Anthem in 2022 to reflect its broader ambitions beyond insurance.

elevancehealth.com analysis · Visit website →

💰 How Elevance Health Inc. Makes Money

Health Benefits (insurance premiums and medical cost management) is the core business. Carelon (pharmacy benefits, behavioral health, care delivery, data analytics) is the growth engine and the strategic priority. The company is trying to replicate UnitedHealth's vertical integration playbook — own more of the healthcare value chain to capture more margin. Government business (Medicare, Medicaid) is growing faster than commercial.

📜 Key Milestones

The company traces back to the founding of Blue Cross of Indiana in 1944. WellPoint merged with Anthem in 2004, and the combined entity eventually took the Anthem name. The rebrand to Elevance Health came in 2022. CEO Gail Boudreaux has led since 2017, driving the Carelon buildout and the strategic shift toward healthcare services.

📊 Financial Overview

Market Capitalization	$100.0B
Annual Revenue	$199.12B
Net Income	$5.66B
Profit Margin	3%
Revenue per Employee	$1991200K
Stock Exchange	NYSE
Ticker Symbol	ELV

Financial data is approximate and based on most recent annual filings.

💡 Did You Know?

Elevance's Blue Cross Blue Shield licenses give it exclusive rights to the Blue brand in 14 states — a geographic moat that's essentially impossible to replicate. The company processes over 1.5 billion healthcare claims annually. Elevance's Carelon Services manages behavioral health for over 40 million people, making it one of the largest behavioral health managers in the country.

📝 Analyst Take

Elevance is playing catch-up to UnitedHealth on vertical integration, and the gap is narrowing. The BCBS brand loyalty and state-level exclusivity provide a durable base — the question is whether Carelon can become a real growth engine.

❓ Frequently Asked Questions