Company: ELV
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001156039-25-000114
Chunk: 49

Company: Elevance Health, Inc.
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 8
Chunk 49
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 on financial instruments(131)(85)(595)(246)Gain on sale of business— 240 — 240 Total revenues$49,776 $43,886 $98,667 $86,463 

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A reconciliation of reportable segments' operating gain to income before income tax expense included in our consolidated statements of income for the three and six months ended June 30, 2025 and 2024 is as follows: Three Months Ended  June 30Six Months Ended  June 30 2025202420252024Income before income tax expense$2,292 $2,986 $5,089 $5,925 Net investment income(486)(508)(1,076)(973)Net losses on financial instruments131 85 595 246 Gain on sale of business— (240)— (240)Interest expense341 280 685 545 Amortization of other intangible assets147 162 302 278 Reportable segments’ operating gain$2,425 $2,765 $5,595 $5,781 

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ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

(In Millions, Except Per Share Data or as Otherwise Stated Herein)

This Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) should be read in conjunction with the accompanying consolidated financial statements and notes, as well as our consolidated financial statements and notes as of and for the year ended December 31, 2024 and the MD&A included in our 2024 Annual Report on Form 10-K. References to the terms “we,” “our,” “us,” or “Elevance Health” used throughout this MD&A refer to Elevance Health, Inc., an Indiana corporation, and, unless the context otherwise requires, its direct and indirect subsidiaries. References to the “states” include the District of Columbia and Puerto Rico, unless the context otherwise requires.

Results of operations, cost of care trends, investment yields and other measures for the three and six months ended June 30, 2025 are not necessarily indicative of the results and trends that may be expected for the full year ending December 31, 2025, or any other period. 

Overview

Elevance Health is a health company with the purpose of improving the health of humanity. We are one of the largest health insurers