Elevance Health
Compare Elevance Health…Anthem-rebranded health insurer (14 Blue Cross states); Carelon services pivot; ~$175B 2024 revenue; Medicaid + commercial mix.
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Elevance HealthAnthem-rebranded health insurer (14 Blue Cross states); Carelon services pivot; ~$175B 2024 revenue; Medicaid + commercial mix.
Carelon (Carelon Services + CarelonRx) operating revenue. Carelon is Elevance's services-and-PBM platform — the strategic pivot away from being a pure regulated health insurer. Doubled in 4 years from ~$25B to ~$56B.
2020 — 2024
Source: Elevance Health 10-K filings (Carelon / IngenioRx segment revenue, 2020-2024) (Updated: 2024-FY)
Year-end medical members by category (millions). Commercial remains the largest book but Medicaid expansion (2020-2023) and Medicare Advantage growth widened the government channel before 2024 redeterminations pulled Medicaid back down.
2020 — 2024
Source: Elevance Health 10-K filings (segment membership tables, 2020-2024) (Updated: 2024-FY)
Quarterly breakdown of revenue by product line and service category
2021-Q2 — 2026-Q1
Data from SEC filings via FMP • 50 periods available