Company: ELV
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001156039-25-000046
Chunk: 47

Company: Elevance Health, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 47
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 and all moms (except black moms) for severe maternal morbidity and preterm birth rates measured on national performance — Target is a 5.0 percentage point improvement compared to 2023 for both measures

• The Committee reviews the overall achievement of these metrics in determining how we improved the health of our associates, members and community and assigns a final payout based on its assessment of actual quantitative results and the Committee's qualitative assessment of these results, as discussed in footnote 2 to the chart on the following page

#### Star Ratings
Strategic measure focused on achieving Medicare goals that most significantly improve clinical outcomes

• Increase the percentage of Medicare members in 4-Star or better plans, which will ensure members have access to improved clinical outcomes and will have a direct impact on Medicare revenue in 2026 and 2027

• Target is a 33.5 percentage point improvement compared to 2023

#### Consumer Effort
Member satisfaction measured by how easy it is to do business with Elevance Health

• Streamline consumer experience and improve service measured via consumer surveys

• Target is a 2.0 percentage point improvement compared to 2023

| Total |     | 100% |

| 50 |

#### Executive Compensation

### 2024 AIP Results
| Performance Measure       |     | Target Performance                                 |     | Actual 2024 Performance                               |
| Adjusted Net Income       |     | $8,644 million                                     |     | Missed Threshold                                      
 $7,677 million(1)                                     |
| Operating Revenue         |     | $170,200 million                                   |     | Exceeded Target                                       
 $173,349 million(1)                                   |
| Improving the Health      
 of Humanity               |     |                                                    |     | Exceeded Target(2)                                    |
| High-Performing Providers |     | 1.5 Percentage Point Improvement compared to 2023  |     | 1.9 Percentage Point Improvement compared to 2023     |
| Community Engagement      |     | 1.0 Percentage Point Improvement compared to 2023  |     | 7.5 Percentage Point Improvement compared to 2023     |
| Maternal and Child Health |     | 5.0 Percentage Point Improvement compared to 2023  |     | 6.9 Average Percentage Point Decline compared to 2023 |
| Star Ratings              |     | 33.5 Percentage Point Improvement compared to 2023 |     | Missed Threshold                                      
 2.