Company: ELV
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001156039-25-000114
Chunk: 91

Company: Elevance Health, Inc.
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 2
Chunk 91
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 products that are ancillary to our health business. Dental membership increased primarily due to favorable sales in our Employer Group business. Dental administration membership increased primarily due to favorable in-group change with other BCBSA plans associated with FEP®. Vision membership increased due to higher sales in our Employer Group, Medicare Advantage, and Individual health plans.

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Consolidated Results of Operations

Our consolidated summarized results of operations and other financial information for the three and six months ended June 30, 2025 and 2024 are as follows: 

Three Months Ended  June 30Six Months Ended  June 30ChangeThree Months Ended June 30Six Months Ended June 302025 vs. 20242025 vs. 20242025202420252024$%$%Total operating revenue$49,421$43,223$98,186$85,496$6,198 14.3 %$12,690 14.8 %Net investment income4865081,076973(22)(4.3)%103 10.6 %Net losses on financial instruments(131)(85)(595)(246)(46)54.1 %(349)141.9 %Total revenues49,77643,88698,66786,4635,89013.4 %12,204 14.1 %Benefit expense36,70630,57272,01861,1186,134 20.1 %10,900 17.8 %Cost of products sold5,2934,82010,2768,645473 9.8 %1,631 18.9 %Operating expense4,9975,06610,2979,952(69)(1.4)%345 3.5 %Other expense1 48844298782346 10.4 %164 19.9 %Total expenses47,48440,90093,57880,5386,584 16.1 %13,040 16.2 %Income before income tax expense2,2922,9865,0895,925(694)(23.2)%(836)(14.1)%Income tax expense5486851,1611,375(137)(20.0)%(214)(15.6)%Net income1,7442,3013,9284,550(557)(24.2)%(622)(13.