Elevance Health, Inc.

Elevance Health is a leading health company focused on enhancing well-being and advancing health outcomes by delivering integrated health solutions. The company supports consumers with medical, pharmacy, and behavioral health services. Elevance Health is one of the largest health insurers in the United States, serving approximately 45.2 million medical members through its affiliated health plans as of December 31, 2025. The company offers a broad spectrum of network-based managed care risk-based plans to Individual, Employer Group, Medicaid, and Medicare markets. Additionally, Elevance Health provides managed care services to fee-based customers, including claims processing, stop loss insurance, care provider network access, medical management, care management, wellness programs, actuarial services, and other administrative services. Revenue is generated through risk-based premiums, administrative fees from self-funded employers, and pharmacy and health service fees through its Carelon businesses. Elevance Health provides services to the federal government through its Federal Health Products & Services business, which administers the Federal Employee Program ® (FEP ® ). The company also offers specialty services to both customers of its subsidiary health plans and unaffiliated health plans, including pharmacy services, stop loss insurance, dental, vision, and supplemental health insurance benefits, as well as integrated health services. Elevance Health is an independent licensee of the Blue Cross and Blue Shield Association.