Company: ELV
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0001156039-25-000136
Chunk: 61

Company: Elevance Health, Inc.
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 61
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8,926 (281)(3.1)%Federal Employee Program®1,630 1,656 (26)(1.6)%Total Medical Membership45,369 45,760 (391)(0.9)%Other Membership (in thousands)Dental Members7,364 7,021 343 4.9 %Dental Administration Members1,957 1,878 79 4.2 %Vision Members10,842 10,382 460 4.4 %Medicare Part D Standalone Members217 258 (41)(15.9)%Other Metrics (in millions)CarelonRx Quarterly Adjusted Scripts85.0 80.2 4.8 6.0 %Carelon Services Consumers Served97.6 101.3 (3.7)(3.7)%

Medical Membership

The decrease in medical membership was primarily driven by decreases in our BlueCard® business and attrition in Medicaid membership, including as a result of eligibility redeterminations. These decreases were partially offset by increases in our Medicare Advantage business.

Other Membership

Our other membership has the potential to be impacted by changes in our medical membership, as our medical members often purchase our other 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-

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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.

Consolidated Results of Operations

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

Three Months Ended  September 30Nine Months Ended  September 30ChangeThree Months Ended September 30Nine Months Ended September 302025 vs. 20242025 vs. 20242025202420252024$%$%Total operating revenue$50,087$44,719$148,273$130,215$5,368 12.0 %$18,058 13.9 %Net investment income6255511,7011,52474 13.4 %177 11.6 %Net losses on financial instruments(1)(125)(596)(371)124 99.2 %(225)(60.6)%Gain (loss