Elevance Health
Elevance Health is an Indianapolis-based health insurance provider. As the largest for-profit health insurer in the Blue Cross Blue Shield Association, Elevance Health has more than 41 million insured members across more than two dozen states. Elevance Health is the largest health insurer in California, where it operates as Anthem Blue Cross and insures roughly 800,000 Americans. In May of 2021, the company announced a new initiative designed to help maternal health and birth outcomes in Nevada that makes doula services available to pregnant members of the Medicaid health plan at no additional cost.
Michael Nagle—Bloomberg/Getty Images
Company Information
As of 6/5/23
Country/Territory
U.S.
Headquarters
Indianapolis
Industry
Health Care: Insurance and Managed Care
CEO
Gail K. Boudreaux
Website
Company Type
Public
Ticker
ELV
Revenues ($M)
$156,595
Profits ($M)
$6,025
Market Value ($M)
$109,098
Employees
102,300
Market value as of March 31, 2023.
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
24.81
EPS % Change (from 2021)
0.3%
EPS % Change (5 year annual rate)
11.6%
EPS % Change (10 year annual rate)
11.7%
Total Return
Total Return to Investors (2022)
11.9%
Total Return to Investors (5 year, annualized)
19.4%
Total Return to Investors (10 year, annualized)
25.6%
Best Companies
Rank last year
57
Years on list
3
Employees (as of March 2023)
80,124
Job openings (as of March 2023)
6,037
Year founded
1944
Benefits
100% health coverage
no
Subsidized childcare
yes
Compressed work weeks
yes
Option to work remotely
yes
Minimum requirement in-office attendance (days per week)
none
Percentage of health care premiums covered
85.5
Mental health coverage
yes
Free mental health sessions (per year)
unlimited
Free backup childcare time off (days)
-
Maximum $ amount covered for fertility services
did not disclose
Fully paid maternal leave (days)
-
Fully paid paternal leave (days)
-
Fully paid adoptive leave (days)
-
Maternal leave in addition to regular time off (days)
did not disclose
Paid days off for volunteering
yes
Diversity
% Women
-
% Minorities
47%
% African-American/Black
23%
% Asian
9%
% Caucasian/White
47%
% Hispanic/Latino
13%
% Native American/Alaska Native
-
% Native Hawaiian/Pacific Islander
-
% Two or more races
2%
% Unknown ethnicity
6%
America's Most Innovative Companies
Sector
Health Care
Culture rank
132
Process rank
90
Product rank
164
World's Most Admired Companies
Sector
Contracted Services
Industry
Health Care: Insurance and Managed Care
Current All-Star Rank
-
Previous All-Star Rank
-
Industry Rank
3
Previous Industry Rank
3
Overall Score
6.76
Innovation
3
People Management
2
Use of Corporate Assets
3
Social Responsibility
3
Quality of Management
2
Financial Soundness
2
Long-Term Investment Value
2
Quality of Products/Services
3
Global Competitiveness
2
Key Financials (Last Fiscal Year)
($ Millions)
% change
Revenues ($M)
$138,639
13.8%
Profits ($M)
$6,104
33.5%
Assets ($M)
$97,460
-
Total Stockholder Equity ($M)
$36,060
-
Profit Ratios
Profit as % of Revenues
4.4%
Profits as % of Assets
6.3%
Profits as % of Stockholder Equity
16.9%
Lists ranking Elevance Health
RANK100000
World's Most Admired Companies - 2023The 25th Fortune World’s Most Admired Companies li...view in list
RANK57
100 Best Companies to Work For - 2023Building a culture of trust and transparency is es...view in list
