Company: ELV
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001156039-25-000114
Chunk: 46

Company: Elevance Health, Inc.
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 8
Chunk 46
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 the segments are consistent with those described in the summary of significant accounting policies in Note 2, “Basis of Presentation and Significant Accounting Policies,” except that all capitation risk arrangements are reported on a gross basis with an adjustment included in eliminations for capitated risk arrangements that are presented on a net basis under GAAP. Our chief operating decision maker (the “CODM”) is our Chief Executive Officer. The CODM assesses the performance of our reportable segments based on operating gain or loss as defined above. The CODM evaluates net investment income, net gains (losses) on financial instruments, interest expense, depreciation and amortization expense, income taxes and assets, liabilities and equity on a consolidated basis, as these items are managed in a corporate shared service environment and are not the responsibility of segment operating management. The CODM uses operating gain or loss, developed during the annual budget process, and updated during the periodic forecasting process, as a basis to assess performance and allocate operating and capital resources to each segment. 

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Financial data by reportable segment for the three and six months ended June 30, 2025 and 2024 is as follows:CarelonHealth BenefitsCarelonRxCarelon ServicesTotalCorporate & OtherEliminationsTotalThree Months Ended June 30, 2025Premiums$39,710 $— $1,863 $1,863 $— $(302)$41,271 Product revenue— 6,042 — 6,042 — — 6,042 Service fees1,872 4 232 236 — — 2,108 Operating revenue - unaffiliated41,582 6,046 2,095 8,141 — (302)49,421 Operating revenue - affiliated— 4,597 5,346 9,943 232 (10,175)— Operating revenue - total$41,582 $10,643 $7,441 $18,084 $232 $(10,477)$49,421 Benefit expense$35,487 $— $6,290 $6,290 $8 $(5,079)$36,706 Cost of products sold— 9,884 — 9,884 — (4,591)5,293 Operating expense4,535 223 751 974 295 (807)4,997 Operating