• Elevance Health average return on equity for 2023 was 16.32, a 4.34% decline from 2022.
• Elevance Health average return on equity for 2022 was 17.06, a 14.04% decline from 2021.
• Elevance Health average return on equity for 2021 was 14.96, a 3.98% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.