• Elevance Health average return on tangible equity for 2024 was 150.95, a 58.16% decline from 2023.
• Elevance Health average return on tangible equity for 2023 was 360.75, a 39.92% decline from 2022.
• Elevance Health average return on tangible equity for 2022 was 600.4, a 93.48% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.