ELV · 10-Q · 2026Q2 · Full report

Geographic Market Commentary

Elevance Health, Inc. · 2026-07-15 · Importance 34 · Surprise 42

Elevance reports expansion of its Individual Public Exchange presence: in 2025 it entered select Florida markets via Simply Healthcare and expanded in Maryland and Texas via Wellpoint, and in 2026 added Washington via Wellpoint. The company continues to participate in the Public Exchange in nearly all Anthem Blue Cross and Anthem Blue Cross and Blue Shield service areas and expects exchange activity to be influenced by policy and subsidy changes. These geographic expansions increase its addressable Individual ACA footprint and expose the company to evolving federal/state policy and market stability dynamics. Management notes future Public Exchange performance will be sensitive to federal subsidies and compliance requirements.

Key facts

• We are licensed to conduct insurance operations in all 50 states, the District of Columbia and Puerto Rico through our subsidiaries. source