⚠ AI-Generated

The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Elevance Health added two new risk factor disclosures in 2025, reflecting emerging concerns around artificial intelligence use and negative industry publicity, while maintaining 23 unchanged risks from 2024. The company substantively modified three existing risk factors, including those addressing pharmacy operations, healthcare cost management and pricing, and system integrity and availability. No previously disclosed risks were removed between the two filings.

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🟢 New in Current Filing We are subject to risks associated with our use of AI, which could adversely affect our business, reputation or financial results. 🔒

🟢 New in Current Filing The health benefits industry is subject to negative publicity, which could adversely affect our business, cash flows, financial condition and results of operations. 🔒

🟡 Modified Our pharmacy services business and pharmacy related operations are subject to risks and uncertainties that are in addition to those we face in our core healthcare business. 🔒

🟡 Modified If we fail to appropriately predict, price for and manage healthcare costs, the profitability of our products and services could decline, which could materially adversely affect our business, cash flows, financial condition and results of operations. 🔒

🟡 Modified The failure to properly maintain the integrity or availability of our data, or to successfully maintain, protect and upgrade our information systems could adversely affect our business. 🔒

5 changes in this historical filing

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