Elevance Health, Inc.
ELV · Financials · Insurer · FY2025 filings ·
Scored by the financial-sector model
What the financial-sector model scores (insurer)
Median ROE 14.9% on average equity, above the 10% hurdle in 100% of 9 years.
Q3 scored 2 evidenced ratios equally.
Profitable in 100% of 10 years, ROE very steady.
Book value per share +8.5%/yr over 9 years (split-adjusted; excludes dividends paid out).
Not scored for this company
- Net interest income
- Net interest economics apply to banks and lenders; not part of the carrier model.
- Underwriting discipline
- Loss ratios are not an underwriting-discipline signal for this carrier type (life, regulated-MLR health, title/surety, or unclassified); component not applied.
All 4 applicable components scored (carrier model).
Fundamentals
The 15-year revenue, margin, and ROIC series is built for the operating model’s lens and isn’t published for banks and insurers — a balance-sheet business is read through the components above, not through operating-company margins.
Financial-sector score history
| Reading | Score | Tier |
|---|---|---|
| Jul 26, 2026 | 93.2 | Wide moat |
| Jul 26, 2026 | 93.2 | Wide moat |
Append-only — readings are added, never rewritten. Only readings on the same methodology version (moat-index-financials@1.0.0) are comparable; a change across versions is a scoring change, not a company event.