Elevance Health — Apr 22, 2026 release

As of March 31, 2026, cash and investments at the parent company totaled approximately $2.2 billion. During the first quarter of 2026, the Company repurchased 3.7 million shares of its common stock for $1.1 billion, at a weighted average price of $304.68, and paid a quarterly dividend of $1.72 per share, representing a distribution of cash totaling $376 million. As of March 31, 2026, the Company had approximately $5.6 billion of Board approved share repurchase authorization remaining. 2 Health Benefits is comprised of Individual, Employer Group risk-based, Employer Group fee-based, BlueCard ® , Medicare, Medicaid, and Federal Employee Program businesses. Health Benefits Reportable Segment Highlights (Unaudited) (In billions) Three Months Ended March 31, 2026 March 31, 2025 Operating Revenue 1 $42.5 $41.4 Operating Gain 1 $2.2 $2.2 Operating Margin 1 5.1  % 5.4  % 1. See “Basis of Presentation” on page 5 herein. Health Benefits segment operating revenue was $42.5 billion in the first quarter of 2026, an increase of $1.1 billion, or 2.6 percent compared to the prior year quarter, driven primarily by higher premium yields, partially offset by anticipated declines in our Medicare Advantage, Medicaid, and Employer Group risk membership. Operating gain totaled $2.2 billion, down 2.7 percent from the prior year. Growth in operating revenue was offset by anticipated higher medical costs, primarily in Medicaid. Medical membership of approximately 45.4 million as of March 31, 2026 increase