ELV · 10-Q · 2026Q2 · Full report

Transformation Program

Elevance Health, Inc. · 2026-07-15 · Importance 63 · Surprise 70

In Q1 2026 Elevance initiated a 2026–2027 Operating Model Transformation Program to streamline decision-making, simplify organizational structures, modernize IT platforms and increase use of advanced technologies, including AI, across the enterprise. The program includes organizational layer reductions, role realignments, targeted workforce reductions and technology modernization and was ongoing as of June 30, 2026. Management cites increases in targeted investments and Transformation Program-related costs as contributors to higher operating expense and operating expense ratio during the period. The company expects Transformation-related actions to affect operating costs, workforce composition and future efficiency/technology investments across segments.

Key facts