Company: ELV
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-199226
Chunk: 47

Company: Elevance Health, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 47
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 also conduct business through arrangements with other BCBS licensees as well as other strategic partners. We are licensed to conduct insurance operations in all 50 states, the District of Columbia and Puerto Rico through our subsidiaries. Through various subsidiaries, we also offer pharmacy services as CarelonRx and other healthcare-related services as Carelon Services, Aspire Health, Carelon Behavioral Health and CareMore. As we announced in 2022, over the next several years we are organizing our brand portfolio into the following core go-to-marketbrands:

| • |     | Anthem Blue Cross/Anthem Blue Cross and Blue Shield—represents our existing Anthem-branded and affiliated 
 Blue Cross and/or Blue Shield licensed plans;                                                             |

| • |     | Wellpoint—we are uniting select non-BCBSA licensed Medicare, 
 Medicaid and commercial plans under the Wellpoint name; and  |

| • |     | Carelon—this brand brings together our healthcare-related brands and capabilities, including our CarelonRx 
 and Carelon Services businesses, under a single brand name.                                                |

Our branding strategy reflects the evolution of our business from a traditional health insurance company to a lifetime, trusted health partner. Given this evolution, we reviewed and modified how we manage our business, monitor our performance and allocate our resources, and made changes to our reportable segments beginning in the first quarter of 2023. The results of our operations are now reported in the following four reportable segments: Health Benefits (aggregates our previously reported Commercial & Specialty Business and Government Business segments), CarelonRx, Carelon Services (previously included in our Other segment) and Corporate & Other (our businesses that do not individually meet the quantitative thresholds for an operating segment, as well as corporate expenses not allocated to our other reportable segments). In 2022, we managed and presented our operations through the following four reportable segments: Commercial & Specialty Business, Government Business, CarelonRx and Other. Elevance Health is incorporated under the laws of the State of Indiana. Our principal executive offices are located at 220 Virginia Avenue, Indianapolis, Indiana 46204 and our telephone number is (833) 401-1577.We maintain a website at www.elevancehealth.comwhere general information about us is available. We are not incorporating the contents of the website into this prospectus or any prospectus supplement. If you would like to find more information about us, please see the sections entitled “ Where You Can Find More Information”and “Incorporation of Certain Documents by