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Elevance Health(ELV)2025年10-K年度报告「NYSE」(英文版)(147页).pdf

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1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549FORM 10-K(Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THESECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31,2025 ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934

2、For the transition period from to Commission file number:001-16751 ELEVANCE HEALTH,INC.(Exact name of registrant as specified in its charter)Indiana 35-2145715(State or other jurisdiction of incorporation or organization)(I.R.S.Employer Identification Number)220 Virginia Avenue Indianapolis,Indiana

3、46204(Address of principal executive offices)(Zip Code)Registrants telephone number,including area code:(833)401-1577 Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading symbol(s)Name of each exchange on which registeredCommon Stock,Par Value$0.01ELVNew York Stock Ex

4、changeSecurities registered pursuant to Section 12(g)of the Act:NONEIndicate by check mark if the registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes x No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Sectio

5、n 15(d)of the Act.Yes No xIndicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months(or for such shorter period that the registrant was required to file such reports),and(2)has

6、 been subject to such filing requirements for the past 90 days.Yes x No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(232.405 of this chapter)during the preceding 12 months(or for

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1. **公司概况**:Elevance Health是美国最大健康保险公司之一,2025年服务约4520万医疗会员,业务覆盖50个州、哥伦比亚特区及波多黎各。 2. **业务 segments**: - **Health Benefits**:提供医疗、Medicare、Medicaid等风险型及费用型计划,占总收入主要部分(2025年政府业务收入占比32%)。 - **CarelonRx**:药房服务业务,包括家庭配送、专科药房等。 - **Carelon Services**:整合医疗、行为健康及数据分析服务。 - **Corporate & Other**:企业级费用及未分配业务。 3. **核心数据**: - 2025年总市值约873亿美元(2025年6月30日)。 - 2026年2月流通股数2.207亿股。 4. **竞争与品牌**:作为蓝十字蓝盾协会(BCBSA)独立授权方,在多个州以Anthem品牌运营,依赖BCBS品牌优势及本地化网络竞争。
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