Stock Analysis on Net
Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

Common-Size Balance Sheet: Assets 

Elevance Health Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents 7.09 5.99 7.19 5.01 6.63
Fixed maturity securities 21.56 27.19 25.25 26.95 27.05
Equity securities 1.02 0.21 0.93 1.93 1.80
Premium receivables 6.85 7.25 6.89 5.83 6.09
Self-funded receivables 4.32 4.18 4.54 4.11 3.29
Other receivables 5.15 4.96 4.18 3.85 3.27
Other current assets 4.02 5.32 5.14 4.78 4.69
Assets held for sale 0.42 0.00 0.00 0.00 0.00
Current assets 50.43% 55.11% 54.12% 52.45% 52.82%
Fixed maturity securities 0.89 0.80 0.73 0.65 0.65
Other invested assets 8.34 5.61 5.53 5.36 4.95
Long-term investments 9.23% 6.41% 6.26% 6.01% 5.60%
Property and equipment, net 3.98 4.00 4.20 4.02 4.02
Goodwill 24.19 23.24 23.73 24.86 25.04
Other intangible assets 10.35 9.43 10.04 10.89 10.86
Other noncurrent assets 1.83 1.81 1.66 1.76 1.66
Noncurrent assets 49.57% 44.89% 45.88% 47.55% 47.18%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibited variability, decreasing from 6.63% in 2020 to 5.01% in 2021, then rising to 7.19% in 2022. It slightly declined again in 2023 to 5.99%, followed by a moderate increase to 7.09% in 2024, indicating fluctuating liquidity levels within a narrow range.
Fixed maturity securities
This category showed a declining trend from 27.05% in 2020 to 25.25% in 2022, before rebounding to 27.19% in 2023 and significantly decreasing to 21.56% in 2024. This reduction in 2024 suggests a strategic shift or reallocation of this asset class within the portfolio.
Equity securities
The share of equity securities was relatively low throughout the period, peaking at 1.93% in 2021, then sharply declining to 0.21% in 2023, with a slight recovery to 1.02% in 2024, indicating limited exposure or reduced investment in equities.
Premium receivables
This item demonstrated a general increasing trend, rising from 6.09% in 2020 to a high of 7.25% in 2023, before a small dip to 6.85% in 2024, which may reflect changes in premium inflow or collection patterns.
Self-funded receivables
The proportion of self-funded receivables increased moderately from 3.29% in 2020 to 4.54% in 2022, followed by a mild decline and stabilization around 4.2% to 4.32% in subsequent years, indicating relatively stable self-funding activities.
Other receivables
Other receivables consistently rose over the period, moving from 3.27% in 2020 to 5.15% in 2024, suggesting growing miscellaneous receivables or improved recognition of such assets.
Other current assets
This category showed an overall slight increase from 4.69% in 2020 to a peak of 5.32% in 2023, followed by a noticeable decline to 4.02% in 2024, which may imply changes in short-term asset composition.
Assets held for sale
This item appeared only in 2024 at 0.42%, indicating a recent decision to classify certain assets for disposal or divestiture.
Current assets
The total current assets as a proportion of total assets remained relatively stable but showed some fluctuation. It decreased slightly from 52.82% in 2020 to 52.45% in 2021, increased to 55.11% in 2023, and then declined noticeably to 50.43% in 2024, reflecting shifts in short-term asset management or rebalancing.
Fixed maturity securities (noncurrent)
The long-term fixed maturity securities proportion increased gradually from 0.65% in 2020 to 0.89% in 2024, indicating a slow but steady increase in longer-term debt investments.
Other invested assets
This asset category grew steadily from 4.95% in 2020 to 8.34% in 2024, reflecting increased diversification or greater allocation to alternative or less liquid investments over time.
Long-term investments
Long-term investments experienced growth from 5.6% in 2020 to 9.23% in 2024. This continuous increase suggests an expanding focus on longer-term strategic assets or growth investments.
Property and equipment, net
This asset class remained fairly stable throughout the period, fluctuating marginally between 3.98% and 4.2%, indicating consistent investment in fixed assets without significant changes.
Goodwill
Goodwill as a percentage of total assets declined gradually from 25.04% in 2020 to 23.24% in 2023, followed by a modest increase to 24.19% in 2024. This suggests adjustments in acquisition-related intangible assets but overall retained significance within the asset base.
Other intangible assets
Other intangible assets showed a decreasing trend from 10.86% in 2020 to 9.43% in 2023, before rising again to 10.35% in 2024, indicating some fluctuations in the valuation or composition of intangible assets.
Other noncurrent assets
This proportion remained relatively minor and stable, increasing slightly from 1.66% in 2020 to 1.83% in 2024, reflecting low volatility in this asset category.
Noncurrent assets
The overall share of noncurrent assets decreased from 47.18% in 2020 to 44.89% in 2023 but then increased substantially to 49.57% in 2024, signaling a shift back toward long-term assets after a period of relative reduction.
Total assets
The composition of total assets consistently sums to 100% each year, confirming that the analysis reflects the proportional structure of the asset base without external fluctuations in denominator values.