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With a market cap of $76.5 billion, Elevance Health, Inc. (ELV) is one of the largest U.S. managed healthcare and health-insurance companies, providing medical, pharmacy, behavioral, and care-delivery services through a diversified portfolio of brands and subsidiaries. Headquartered in Indianapolis, Indiana, the company operates in four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other.
Elevance Health’s stock has struggled to keep pace with both the broader market and its healthcare peers. ELV stock has declined 11.4% over the past 52 weeks and 1.7% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 11.9% over the past year and declined marginally in 2026.