Elevance Health (ELV) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order with voting open online; agenda and rules posted on the meeting website.

• Shareholders and proxy holders could vote online; most votes already cast by proxy.

• Four proposals set for shareholder action: director elections, executive compensation, auditor ratification, and a shareholder proposal on political contributions.

Board and executive committee updates

• Ramey Peru became Independent Chair last year, making an immediate impact.

• Amy Schulman and Steve Collis joined the Board, adding expertise; Kerry Clark retired.

Financial performance review

• 2025 operating revenue reached $197.6 billion, up 13% year-over-year.

• Operating gain was $7.2 billion; $4.1 billion returned to shareholders via dividends and buybacks.

• Ended the year with 45.2 million medical members.

• Carelon platform saw 33% growth in operating revenue and 17% in operating gain.

• 59% of Medicare Advantage members now in 4-Star+ plans, up from 40% last year.