Financial Performance Overview
Elevance Health achieved substantial financial growth in 2024, with total revenues reaching $175.2 billion, marking a 2.9% increase. The fourth quarter saw revenues of $45.4 billion, up 6.6% year over year, while net income decreased to $418 million.
Insurance Division Results
The insurance segment demonstrated steady growth with Q4 operating revenue of $37.6 billion, increasing 2.8%. The division maintained a 4.2% operating margin throughout 2024, with total operating revenue reaching $150.3 billion.
Carelon Division Performance
Carelon showed remarkable growth, with Q4 operating revenue climbing 19% to $14.7 billion. The health services arm achieved a 5.4% operating margin in 2024, with total operating revenue of $53.9 billion.
Membership and Future Outlook
Despite a 2.3% decrease in total medical membership due to Medicaid losses, Elevance Health maintains 45.7 million members. The company projects 2025 adjusted earnings per share between $34.15 and $34.85.
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