Elevance Health Inc
ELVCompany Overview
Elevance Health, Inc. operates as a health company, which engages in improving lives and communities, and making healthcare simpler. It operates through the following segments: Commercial and Specialty Business, Government Business, CarelonRx, and Other. The Commercial and Specialty Business segment provides insurance products and services such as stop loss, dental, vision, life, disability and supplemental health insurance. The Government Business segment includes medicare and medicaid businesses, national government services, and services provided to the federal government. The CerelonRx segment offers formulary management, pharmacy networks, prescription drug database, member services, and mail order capabilities. The Other segment is involved in health services business focused on quality of healthcare by enabling and creating new care delivery and payment models. The company was founded in 1944 and is headquartered in Indianapolis, IN.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Elevance Health Inc |
| Ticker | ELV |
| Main Business | Healthcare Plans |
| Type | Securities |
| Industry | Healthcare Plans |
| Country | US |
| Market Cap | $109.36 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Premiums | $133,229.0 | $133,229.0 | - |
| Product revenue | $14,978.0 | $0.0 | - |
| Administrative fees and other revenue | $7,453.0 | $0.0 | - |
| Total | $155,660.0 | $133,229.0 | 85.59% (failed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| long term debt and capital lease obligation non current | $23,250,000,000.0 | 21.26% |
| short term debt and capital lease obligation | $1,870,000,000.0 | 1.71% |
| Total Interest-Bearing Debt | $25,120,000,000.0 | 22.97% |
| Market Capitalization | $109,364,195,200.0 | 100.00% |
| Compliance Status | Threshold: 33% | passed |