Elevance Health, Inc.
Close on Nov 2, 2026Market cap $89.70BP/E 18.4Yield –
Elevance Health Elevance Health (ELV) vs. Managed Care Peers by Year
Elevance Health (ELV) vs. Managed Care Peers — Medical & Policyholder Benefits Expense ($M)
Elevance Health Elevance Health (ELV) vs. Managed Care Peers: $148,223M in FY2025, up 16.2% from a year earlier. That is the highest of the 10 years on record here.
Where the FY2025 figure comes from
“ELV us-gaap:PolicyholderBenefitsAndClaimsIncurredNet (FY2025): $148,223M”
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Elevance Health (ELV) vs. Managed Care Peers — Medical & Policyholder Benefits Expense ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 148,223 | +16.2% | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
| FY2024 | Dec 31, 2024 | 127,567 | +2.6% | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
| FY2023 | Dec 31, 2023 | 124,330 | +6.6% | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
| FY2022 | Dec 31, 2022 | 116,642 | +13.7% | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
| FY2021 | Dec 31, 2021 | 102,571 | +16.5% | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
| FY2020 | Dec 31, 2020 | 88,045 | +7.7% | Elevance Health (ELV) SEC 10-Q (XBRL) ↗ |
| FY2019 | Dec 31, 2019 | 81,786 | +13.8% | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
| FY2018 | Dec 31, 2018 | 71,895 | -0.5% | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
| FY2017 | Dec 31, 2017 | 72,236 | +8.1% | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
| FY2016 | Dec 31, 2016 | 66,834 | – | Elevance Health (ELV) SEC 10-K (XBRL) ↗ |
Breakdown
What makes up elevance Health (ELV) vs. Managed Care Peers
- UnitedHealth Group (UNH) — Medical & Policyholder Benefits Expense313,995 · FY2025
- CVS Health / Aetna (CVS) — Medical & Policyholder Benefits Expense125,538 · FY2025
- The Cigna Group (CI) — Medical & Policyholder Benefits Expense34,349 · FY2025
- Humana Inc. (HUM) — Medical & Policyholder Benefits Expense110,812 · FY2025
- Centene Corporation (CNC) — Medical & Policyholder Benefits Expense157,702 · FY2025
- Molina Healthcare (MOH) — Medical & Policyholder Benefits Expense17,073 · FY2017
Cite this data
StockData. (2026). Elevance Health Elevance Health (ELV) vs. Managed Care Peers ($M), annual FY2016–FY2025 [Data set]. Compiled from Elevance Health SEC filings and investor materials. https://stockdatahq.com/stocks/elv/kpis/peer-benchmark-benefits-expense
See every metric in the Elevance Health KPI table. Data updated Oct 28, 2026.