Elevance Health, Inc. (ELV), a prominent health insurance provider valued at a $125.94 billion market cap, delivered a solid financial performance in the first quarter of fiscal 2024. The company reported operating revenue of $42.30 billion, up nearly 1% year-over-year, primarily driven by higher premium yields to reflect medical cost trend and growth in Carelon.
Furthermore, Elevance Health posted an adjusted EPS of $10.64 for the first quarter, beating analysts’ estimate of $10.53.
