Strategy and ESG Update

November 2022

Contents

Elevance Health Overview & Strategy

pp. 3 - 9

Our Governance

pp. 10 - 15

- Board Composition

- Executive compensation

Whole Health and Environmental Sustainability

pp. 16 - 23

Shareholder Engagement & Long-Term Focus

pp. 24 - 26

2

Elevance Health Overview

more than

47 million

total medical members in affiliated health plans

more than

119 million

total lives served

Q3 2022 data

Blue Cross (BC) or Blue Cross Blue Shield (BCBS) licensed plans or other commercial plans

BC or BCBS licensed plans or other

US territory

commercial plans + Medicaid presence

Medicaid presence

Total government footprint:

Medicaid: 23 states + DC + Puerto Rico

Medicare presence

Medicare: 22 states + Puerto Rico

98,000 Associates

Medical Members (in millions)

26.6

77%

50%

of Elevance Health's

of Elevance Health's

workforce are women*

workforce are ethnically

diverse*

*This is based on EEO-1 Report data as of 12/31/21 and

11.3

includes U.S. associates only

4.8

2.9

1.6

$136.9 billion

total operating revenue in 2021

COMMERCIAL

COMMERCIAL

MEDICAID

MEDICARE

FEDERAL EMPLOYEES

FEE-BASED

RISK-BASED

HEALTH BENEFITS

Q3 2022 data

3

Our Journey

Changing our company name to Elevance Health and streamlining our brand portfolio represents who we are today and will be in the future - a lifetime, trusted health partner

We are a different company than we were 10, 5, even 3 years ago…

evolving beyond traditional health insurance to take a more holistic approach to health

Elevate Whole Health +

Advance Health Beyond Healthcare

Elevance Health

Focused on

Equipped with digital

Increased ability to

whole health

capabilities, strong

serve individuals across

and its

partnerships, and

their entire health

most powerful drivers

diversified services

journey

4

Introducing our Evolved Brand Portfolio

Over the next few years, we will strategically and intentionally organize brand portfolio into three core go-to-market brands, united under one umbrella.

Anthem Blue Cross and Anthem

Select Medicare, Medicaidand

Our services businesses will unify

Blue Cross and Blue Shield remain

Commercial Plansin non-Blue

under the brand Carelon to solve

our go-to-market brands in the

states will unify under the

complex challenges and support

14 Blue states. It's the name

Wellpoint brand over the next

whole health across the entire

consumers are most familiar with

few years.

healthcare continuum.

as a trusted health care partner

through our affiliated health plans.

5

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Disclaimer

Elevance Health Inc. published this content on 28 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 18:41:04 UTC.