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.

Elevance Health Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	8,713)	8,560)	7,500)	8,288)	7,866)	6,497)	6,226)	6,526)	10,919)	9,991)	10,142)	7,387)	8,872)	6,456)	6,161)	4,880)	5,490)	5,258)	9,326)	5,741)	3,984)	6,028)	5,345)
Fixed maturity securities	26,283)	25,298)	25,437)	25,201)	28,954)	28,900)	29,530)	29,614)	27,811)	28,021)	27,636)	25,952)	25,526)	25,765)	26,219)	26,267)	26,348)	25,848)	24,555)	23,433)	22,707)	22,018)	19,881)
Equity securities	1,220)	934)	715)	1,192)	1,113)	594)	511)	229)	165)	272)	392)	953)	1,503)	1,572)	1,662)	1,881)	2,119)	1,746)	3,630)	1,559)	3,075)	3,470)	570)
Premium receivables, net	9,535)	10,465)	10,359)	8,011)	7,209)	8,040)	8,931)	7,902)	7,883)	7,431)	8,246)	7,083)	6,682)	6,757)	7,349)	5,681)	6,008)	5,834)	6,111)	5,279)	5,343)	5,456)	5,786)
Self-funded receivables, net	5,122)	5,454)	5,246)	5,044)	5,135)	5,297)	4,242)	4,558)	3,756)	3,896)	3,786)	4,663)	3,873)	3,844)	3,979)	4,010)	3,349)	3,605)	3,109)	2,849)	2,985)	2,460)	2,613)
Other receivables	7,692)	7,206)	6,576)	6,016)	6,055)	5,881)	5,120)	5,405)	5,293)	5,196)	4,678)	4,298)	3,651)	3,600)	3,334)	3,749)	3,450)	3,246)	3,071)	2,830)	3,209)	3,072)	2,926)
Other current assets	5,213)	5,407)	5,288)	4,700)	5,949)	6,464)	6,388)	5,795)	5,358)	4,936)	4,943)	5,281)	5,496)	5,661)	5,193)	4,654)	5,140)	4,701)	4,693)	4,060)	4,147)	4,260)	4,135)
Assets held for sale	—)	—)	—)	490)	565)	601)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	63,778)	63,324)	61,121)	58,942)	62,846)	62,274)	60,948)	60,029)	61,185)	59,743)	59,823)	55,617)	55,603)	53,655)	53,897)	51,122)	51,904)	50,238)	54,495)	45,751)	45,450)	46,764)	41,256)
Fixed maturity securities	1,111)	1,087)	1,060)	1,035)	893)	849)	880)	876)	816)	775)	783)	752)	622)	603)	596)	632)	625)	581)	558)	562)	558)	520)	505)
Other invested assets	10,648)	10,466)	10,167)	9,749)	9,394)	6,810)	6,713)	6,107)	6,118)	5,993)	5,971)	5,685)	5,516)	5,398)	5,365)	5,225)	4,959)	4,917)	4,474)	4,285)	4,170)	4,097)	4,181)
Long-term investments	11,759)	11,553)	11,227)	10,784)	10,287)	7,659)	7,593)	6,983)	6,934)	6,768)	6,754)	6,437)	6,138)	6,001)	5,961)	5,857)	5,584)	5,498)	5,032)	4,847)	4,728)	4,617)	4,686)
Property and equipment, net	4,657)	4,641)	4,617)	4,652)	4,505)	4,450)	4,451)	4,359)	4,248)	4,547)	4,418)	4,316)	4,197)	4,090)	3,986)	3,919)	3,835)	3,733)	3,533)	3,483)	3,363)	3,427)	3,350)
Goodwill	28,451)	28,368)	28,420)	28,277)	25,967)	25,962)	25,947)	25,317)	25,291)	25,274)	25,273)	24,383)	24,381)	24,367)	24,251)	24,228)	24,184)	24,399)	21,708)	21,691)	21,687)	21,641)	21,661)
Other intangible assets	11,327)	11,490)	11,940)	12,094)	10,325)	10,447)	10,710)	10,273)	10,491)	10,703)	10,915)	10,315)	10,536)	10,762)	10,588)	10,615)	10,749)	10,540)	9,352)	9,405)	9,497)	9,577)	9,613)
Other noncurrent assets	2,777)	2,562)	2,392)	2,140)	2,603)	2,196)	2,245)	1,967)	2,329)	2,133)	1,857)	1,704)	2,171)	2,002)	1,803)	1,719)	1,804)	1,689)	1,563)	1,438)	1,849)	1,950)	1,833)
Noncurrent assets	58,971)	58,614)	58,596)	57,947)	53,687)	50,714)	50,946)	48,899)	49,293)	49,425)	49,217)	47,155)	47,423)	47,222)	46,589)	46,338)	46,156)	45,859)	41,188)	40,864)	41,124)	41,212)	41,143)
Total assets	122,749)	121,938)	119,717)	116,889)	116,533)	112,988)	111,894)	108,928)	110,478)	109,168)	109,040)	102,772)	103,026)	100,877)	100,486)	97,460)	98,060)	96,097)	95,683)	86,615)	86,574)	87,976)	82,399)

The analysis of the financial data reveals several key trends across the company's balance sheet items over the observed periods.

Cash and Cash Equivalents: The cash position exhibits a fluctuating trend with a peak around early 2023 at $10,142 million followed by a notable decline approaching mid and late 2024, before slightly recovering by early 2025. This suggests periods of increased liquidity possibly due to operational or investing activities, with subsequent usage or allocation of cash in later quarters.
Fixed Maturity Securities: This category shows a generally stable to slightly increasing trend throughout the timeline with values mostly ranging between $19,881 million and $29,530 million, indicating consistent investment in fixed income assets. However, there is a slight decrease observed towards mid-2025, which may indicate portfolio rebalancing or maturities not fully reinvested.
Equity Securities: Equity securities demonstrate volatility, with sharp increases and decreases. Initially rising significantly in 2020 to a high near $3,630 million, followed by a decline through 2022 and variable recovery in 2024 and 2025. This fluctuation may reflect market exposure changes or strategic adjustments in equity investments.
Premium Receivables, Net: Premium receivables show an upward trend with some fluctuations, increasing from $5,786 million in early 2020 to a peak above $10,459 million in mid-2025. This indicates growth in premiums due or increased business volume. The fluctuations may correspond to seasonality or billing cycles.
Self-funded Receivables, Net: These receivables show moderate growth, rising from $2,613 million to above $5,454 million by mid-2025, with oscillations possibly linked to changing volumes in self-funded insurance arrangements or timing of payments.
Other Receivables: Other receivables display a steady increase from around $2,926 million in early 2020 to nearly $7,692 million by late 2025, indicating either expanded operations or longer collection periods.
Other Current Assets: This category remains relatively stable, generally fluctuating between approximately $4,000 million and $6,400 million, with no significant upward or downward trend. A slight decrease is observed toward late 2024 and 2025.
Assets Held for Sale: Introduced around early 2024 with values between $490 million and $601 million, indicating plans or actions related to divestitures.
Current Assets: Overall, current assets show a rising trend from $41,256 million in early 2020 to about $63,778 million in late 2025, reflecting growth in short-term resources available to the company despite minor fluctuations.
Other Invested Assets and Long-term Investments: Both these categories display increasing trends. Other invested assets grow from about $4,181 million to over $10,648 million and long-term investments increase from $4,686 million to nearly $11,759 million. The sharp rise in latter periods for other invested assets indicates increased allocation to potentially higher-yielding or diversified investments.
Property and Equipment, Net: This asset base is steadily increasing, moving from approximately $3,350 million to a peak around $4,547 million before slightly stabilizing. This signals ongoing capital expenditure with some volatility, possibly due to asset disposals or depreciation patterns.
Goodwill: Goodwill remains relatively stable with minor increments, ranging from about $21,661 million to $28,451 million, denoting either acquisitions or revaluations but no major write-downs or impairment being evident.
Other Intangible Assets: These assets show some variation, generally remaining in the $9,300 million to $12,000 million range with no clear directional trend. Fluctuations could result from amortization and occasional additions.
Other Noncurrent Assets: A generally increasing trend is observed from approximately $1,833 million to nearly $2,777 million, indicative of expanding long-term resources or prepayments.
Noncurrent Assets: Noncurrent assets steadily increase from about $41,143 million to $58,971 million, reflecting investments in fixed assets, goodwill, and long-term securities, aligning with sustained capital deployment strategies.
Total Assets: Total assets exhibit a strong upward trajectory, moving from $82,399 million in early 2020 to approximately $122,749 million by late 2025. This growth suggests expansion in both current and noncurrent asset bases, supporting potential business growth or acquisitions.

In summary, the company shows substantial asset growth, particularly in cash, investments, receivables, and fixed assets, over the observed periods. The fluctuations in specific investment categories indicate dynamic portfolio management in response to market conditions. The growth in premium and receivables implies increasing business activities. The introduction of assets held for sale suggests ongoing portfolio adjustments. The steady increase in goodwill indicates some acquisition activity while maintaining asset quality without evident impairment. Overall, the financial data reflect an expanding and actively managed balance sheet.

Assets: Selected Items

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Current Assets: Selected Items

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Elevance Health Inc. (NYSE:ELV)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data