Elevance Health (Elevance Health) Medical Loss Ratio % : 85.60% (As of Mar. 2024)

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What is Elevance Health Medical Loss Ratio %?

Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. A lower Medical Loss Ratio % indicates better profitability of the company.

Elevance Health's Medical Loss Ratio % for the quarter that ended in Mar. 2024 was 85.60% , which is lower than 89.20% for the pervious quarter ended in Dec. 2023.

Elevance Health's Medical Loss Ratio % for the annual that ended in Dec. 2023 was 87.00% , which is lower than 87.40% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Elevance Health's Medical Loss Ratio % or its related term are showing as below:

ELV's Medical Loss Ratio % is not ranked ^*
in the Healthcare Plans industry.
Industry Median:
* Ranked among companies with meaningful Medical Loss Ratio % only.

Elevance Health Medical Loss Ratio % Historical Data

The historical data trend for Elevance Health's Medical Loss Ratio % 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 Medical Loss Ratio % Chart

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Elevance HealthQuarterly Data

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Competitive Comparison of Elevance Health's Medical Loss Ratio %

For the Healthcare Plans subindustry, Elevance Health's Medical Loss Ratio %, along with its competitors' market caps and Medical Loss Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Elevance Health (NYSE:ELV) Medical Loss Ratio % Explanation

Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. For example, if an insurer uses 80 cents out of every premium dollar to pay its customers' medical claims and activities that improve the quality of care, the company has a Medical Loss Ratio % of 80%.

Medical claims are medical bills submitted to health insurance carriers and other insurance providers for services rendered to patients by care providers. When you go to the doctor, hospital or other provider, your service generates a bill. This bill then becomes a medical claim to your insurance carrier to process for payment.

Quality of care involves activities such as engaging and involving the patient, so the patient takes ownership in preventive care and in the treatment of diagnosed conditions.

Elevance Health Medical Loss Ratio % Related Terms

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Elevance Health (Elevance Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Elevance Health Inc (NYSE:ELV) » Definitions » Medical Loss Ratio %

Comparable Companies

Traded in Other Exchanges

ELV:Mexico A58:Germany 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.

Executives

Blair Williams Todt	officer: EVP and Chief Legal Officer	8735 HENDERSON ROAD, TAMPA FL 33625
Ronald W Penczek	officer: SVP, Chief Accounting Officer	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Mark Kaye	officer: EVP & CFO Designate	7 WORLD TRADE CENTER, 250 GREENWICH ST, NEW YORK NY 10007
Dixon Robert L Jr	director	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Gloria M Mccarthy	officer: EVP, Office of the CEO	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Kendrick Charles Morgan Jr	officer: EVP & President, Commercial	220 VIRGINIA AVE, INDIANAPOLIS IN 46204
Deanna D Strable-soethout	director	C/O PRINCIPAL FINANCIAL GROUP, 711 HIGH ST., DES MOINES IA 50392
Ramiro G Peru	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46260
Peter D Haytaian	officer: EVP & Pres., Govt. Bus. Div.	220 VIRGINIA AVE, INDIANAPOLIS IN 46204
Susan D. Devore	director	C/O PREMIER, INC., 13034 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Ryan M. Schneider	director	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
John E Gallina	officer: SVP & Chief Accounting Officer	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Julie A Hill	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Thomas C Zielinski	officer: EVP & General Counsel
Jeffrey D. Alter	officer: EVP, IngenioRx & Anthem Health	4330 LA JOLLA VILLAGE DRIVE, SUITE 200, SAN DIEGO CA 92122