Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Income Statement
- Statement of Comprehensive Income
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Elevance Health Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The analysis of the financial data across multiple quarters reveals several notable trends and fluctuations in the company's asset composition and liquidity over the observed periods.
- Cash and Cash Equivalents
- The cash and cash equivalents exhibit volatility with periodic peaks and troughs. Starting at approximately $5,345 million in early 2020, the balance surged to a peak around $10,142 million in the first quarter of 2023 before experiencing a decline in subsequent quarters. This pattern indicates active liquidity management, with large inflows and outflows possibly related to operational or investment activities.
- Fixed Maturity Securities
- This category shows a generally steady upward trend in the long-term section, rising from about $19,881 million in early 2020 to approximately $29,530 million by mid-2024, albeit with minor fluctuations. In the short-term or current assets portion, the amounts remain relatively stable with slight increases towards the end of the timeline. This consistency suggests a stable investment strategy focused on fixed income securities.
- Equity Securities
- Equity securities experienced significant fluctuation, initially increasing sharply to $3,630 million in early 2021, then declining markedly to under $200 million by late 2021. From that point forward, this asset class showed a gradual recovery, reaching over $1,100 million by late 2024. The pattern may reflect strategic repositioning in equity holdings, possibly influenced by market volatility or changes in investment policy.
- Receivables (Premium, Self-Funded, Other)
- All receivables categories generally trended upward across the period. Premium receivables increased from around $5,786 million in early 2020 to $10,465 million by mid-2025, indicating growth in earned premiums or improved collection practices. Self-funded receivables showed growth from approximately $2,613 million to about $5,454 million in the same period, with some fluctuations. Other receivables also rose steadily, from $2,926 million to $7,206 million, suggesting expansion in other types of credit extended.
- Other Current Assets
- This category fluctuated but maintained a range mostly between $4,100 million and $6,400 million, peaking near $6,388 million in mid-2024 before showing a slight decline. The trend points to relatively stable management of miscellaneous current assets with moderate growth.
- Assets Held for Sale
- Assets held for sale first appear in the data from early 2025 onwards, with values near $600 million decreasing slightly to $490 million. This suggests recent divestitures or planned disposals that could impact the company's asset structure.
- Current Assets
- Current assets expanded overall, increasing from approximately $41,256 million to $63,324 million over the observed timeframe. Despite some quarters showing slight decreases, the general upward trajectory reflects enhanced liquidity and short-term asset growth.
- Other Invested Assets and Long-Term Investments
- Other invested assets rose steadily from about $4,181 million to over $10,466 million, with notable acceleration from mid-2023 onwards. Similarly, long-term investments increased consistently from approximately $4,686 million to $11,553 million, indicating a strategic emphasis on growing longer-term investment holdings over time.
- Property and Equipment, Net
- The net value of property and equipment exhibited moderate growth from $3,350 million to around $4,641 million. Though there were minor decreases in some quarters, the general trend indicates continued investment or acquisition of fixed assets.
- Goodwill
- Goodwill remained relatively stable through most periods, with a marked increase from around $21,661 million in early 2020 to $28,420 million by mid-2025. The rise suggests several acquisitions or goodwill revaluations, pointing to the company's expansion or strategic mergers.
- Other Intangible Assets
- This asset category shows some variability, ranging between approximately $9,300 million and $12,000 million. The data suggests a degree of revaluation or amortization affecting the intangible asset base, with a slight upward trend in the later periods.
- Other Noncurrent Assets and Noncurrent Assets
- Other noncurrent assets increased from $1,833 million to $2,562 million, showing moderate growth. Total noncurrent assets also rose significantly from around $41,143 million to $58,614 million, reflecting investments in long-term assets including goodwill, fixed assets, and intangibles.
- Total Assets
- Overall, total assets grew steadily, rising from approximately $82,399 million in early 2020 to $121,938 million by mid-2025. This increase is driven primarily by growth in receivables, long-term investments, goodwill, and other noncurrent assets, indicating an expanding asset base and likely business growth.