Elevance Health, Inc.
Close on Nov 2, 2026Market cap $89.70BP/E 18.4Yield –
Elevance Health Benefit Expense Ratio (BER / Medical Loss Ratio by Year
Benefit Expense Ratio (BER / Medical Loss Ratio — % of Premiums) (%)
Elevance Health Benefit Expense Ratio (BER / Medical Loss Ratio: 110.0% in FY2025, up 20.0 pts from a year earlier. That is the highest of the 9 years on record here.
Where the FY2025 figure comes from
“|| Benefit expense as a percentage of premiums | 93.5 | % | 92.4 | % | 110 | bp | 90.0 | % | 88.5 | % | 150 | bp”
Source: 8-K ER (FY2025Q4, 2026-01-28) ↗
Benefit expense as a percentage of premiums revenue.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Benefit Expense Ratio (BER / Medical Loss Ratio — % of Premiums) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 110.0% | +20.0 pts | 8-K ER (FY2025Q4, 2026-01-28) ↗ |
| FY2024 | Dec 31, 2024 | 90.0% | +1.5 pts | 8-K ER (FY2025Q4, 2026-01-28) ↗ |
| FY2023 | Dec 31, 2023 | 88.5% | +1.5 pts | 8-K ER (FY2024Q4, 2025-01-23) ↗ |
| FY2022 | Dec 31, 2022 | 87.0% | -0.5 pts | 8-K ER (FY2023Q4, 2024-01-24) ↗ |
| FY2021 | Dec 31, 2021 | 87.5% | +2.9 pts | 8-K ER (FY2022Q4, 2023-01-25) ↗ |
| FY2020 | Dec 31, 2020 | 84.6% | -2.2 pts | 8-K ER (FY2021Q4, 2022-01-26) ↗ |
| FY2019 | Dec 31, 2019 | 86.8% | +2.6 pts | 8-K ER (FY2020Q4, 2021-01-27) ↗ |
| FY2018 | Dec 31, 2018 | 84.2% | -2.2 pts | 8-K ER (FY2019Q4, 2020-01-29) ↗ |
| FY2017 | Dec 31, 2017 | 86.4% | – | 8-K ER (FY2018Q4, 2019-01-30) ↗ |
Cite this data
StockData. (2026). Elevance Health Benefit Expense Ratio (BER / Medical Loss Ratio (%), annual FY2017–FY2025 [Data set]. Compiled from Elevance Health SEC filings and investor materials. https://stockdatahq.com/stocks/elv/kpis/ratio-benefit-expense-ber
See every metric in the Elevance Health KPI table. Data updated Oct 28, 2026.