Company: ELV
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0001156039-25-000136
Chunk: 60

Company: Elevance Health, Inc.
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 60
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 shares outstanding. The decrease in EPS for the nine months ended September 30, 2025 resulted primarily from decreased shareholders' net income, partially offset by the impact of fewer diluted shares outstanding.

Operating cash flow for the nine months ended September 30, 2025 and 2024 was $4,206 and $5,102, respectively. The decrease in net cash provided by operating activities was primarily due to the Provider Settlement Agreement payment made in September 2025 and lower net income for the nine months ended September 30, 2025.

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Membership and Other Metrics

The following table presents our medical membership by customer type as of September 30, 2025 and 2024. Also included below is other membership by product and other metrics. The membership data and other metrics presented are unaudited and in certain instances include estimates of the number of members represented by each contract at the end of the period. The CarelonRx Quarterly Adjusted Scripts metric represents adjusted script volume based on the number of days a prescription covers. On an adjusted basis, one 90-day script counts the same as three 30-day scripts. The Carelon Services Consumers Served metric represents the number of consumers receiving one or more healthcare-related services from Carelon Services who are members of our affiliated health plans as well as those who are members of non-affiliated health plans. For a more detailed description of our medical membership, see the “Membership” section of Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2024 Annual Report on Form 10-K.

September 30  20252024Change% ChangeMedical Membership (in thousands)Individual1,354 1,299 55 4.2 %Employer Group Risk-Based3,616 3,672 (56)(1.5)%Commercial Risk-Based4,970 4,971 (1)— %BlueCard®6,394 6,677 (283)(4.2)%Employer Group Fee-Based20,608 20,589 19 0.1 %Commercial Fee-Based27,002 27,266 (264)(1.0)%Medicare Advantage2,245 2,047 198 9.7 %Medicare Supplement877 894 (17)(1.9)%Total Medicare3,122 2,941 181 6.2 %Medicaid8,645