Elevance Health (WBO:ELV) Tax Rate % : 23.48% (As of Mar. 2024)

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What is Elevance Health Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Elevance Health's Tax Expense for the three months ended in Mar. 2024 was €635 Mil. Elevance Health's Pre-Tax Income for the three months ended in Mar. 2024 was €2,704 Mil. Therefore, Elevance Health's Tax Rate % for the quarter that ended in Mar. 2024 was 23.48%.

Elevance Health Tax Rate % Historical Data

The historical data trend for Elevance Health's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Elevance Health Tax Rate % Chart

Elevance Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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19.68

26.71

23.09

22.53

22.35

Elevance Health Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															23.48	23.97	21.40	16.98	23.48

Elevance Health Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Elevance Health's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	1580.908	/	7074.655
	=	22.35 %

Elevance Health's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	634.8	/	2703.88
	=	23.48 %

Elevance Health Tax Rate % Related Terms

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Elevance Health (WBO:ELV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Elevance Health Inc (WBO:ELV) » Definitions » Tax Rate %

Comparable Companies

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ELV:USA ELV:Mexico A58:Germany

Address

220 Virginia Avenue, Indianapolis, IN, USA, 46204

Website

https://www.elevancehealth.com

Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 48 million medical members as of June 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.