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With a market cap of $93.2 billion, Elevance Health, Inc. (ELV) operates as a health benefits company in the United States. Headquartered in Indianapolis, Indiana, the company operates in four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other.
Shares of the healthcare provider have fallen behind the broader market over the past year but have outperformed in 2025. ELV stock has declined 26.7% over the past 52 weeks and has surged 8.5% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 9.8% over the past year and declined marginally in 2025.