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Indianapolis-based Elevance Health, Inc. (ELV) operates as a health benefits company. It supports consumers, families and communities across the entire healthcare journey, supporting them to lead healthier lives. With a market cap of $86.7 billion, Elevance operates through Health Benefits, CarelonRx, Carelon Services, and Corporate & Other segments.
Companies worth $10 billion or more are generally described as "large-cap stocks." Elevance fits this bill perfectly. Given that the company employs over 100,000 associates and serves millions of people at every stage of health, its valuation above this mark is not surprising. It addresses a full range of needs with an integrated approach, powered by industry-leading capabilities and a digital platform for health.