Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 118

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 118
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26,823)(24,609)(2,479)9.2 %(2,214)9.0 %Total operating revenue$175,204$170,209$155,660$4,995 2.9 %$14,549 9.3 %Operating Gain (Loss)Health Benefits$6,243$6,888$6,022$(645)(9.4)%$866 14.4 %CarelonRx2,1721,9751,868197 10.0 %107 5.7 %Carelon Services71768053537 5.4 %145 27.1 %Corporate & Other(1,270)(1,044)(142)(226)21.6 %(902)635.2 %Operating MarginHealth Benefits4.2 %4.6 %4.3 %(40) bp30 bpCarelonRx6.0 %5.8 %6.5 %20 bp(70) bpCarelon Services4.0 %4.8 %4.2 %(80) bp60 bp

The following table summarizes Health Benefits operating revenues by Commercial, Medicare, Medicaid and FEP® lines of business for the years ended December 31, 2024, 2023 and 2022:Years Ended December 31Change 2024 vs. 20232023 vs. 2022202420232022$%$%Health Benefits Operating RevenueCommercial$46,816 $43,266 $41,674 $3,550 8.2 %$1,592 3.8 %Medicare36,795 35,067 31,604 1,728 4.9 %3,463 11.0 %Medicaid51,937 56,601 52,886 (4,664)(8.2)%3,715 7.0 %Federal Employee Program®14,727 13,637 12,320 1,090 8.0 %1,317 10.7 %Total Health Benefits operating revenues$150,275 $148,571 $138,484 $1,704 1.1 %$10,087 7.3 %

Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

Health Benefits