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ELV

ELEVANCE HEALTH, INC.
CIK 0001156039 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
42.4
composite ยท 5 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2025-12-31 ยท ELEVATED55.6

Restatement predictor

F-Score 1.67 โ€” misstatement risk 1.7x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-06) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.669,
  "probability": 0.00617,
  "components": {
    "rsst": 0.0115,
    "drec": null,
    "dinv": null,
    "soft": 0.8834,
    "dcs": 0.1249,
    "droa": -0.0046,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/0001156039-26-000013-index.htm",
    "form": "10-K",
    "filed": "2026-02-06"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN34.2

Earnings quality

Beneish M-Score -2.32 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-06) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.324,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 0.994,
    "AQI": 0.971,
    "SGI": 1.125,
    "DEPI": 0.928,
    "SGAI": 0.932,
    "LVGI": 0.99,
    "TATA": 0.011
  },
  "defaulted_to_neutral": [
    "DSRI"
  ],
  "sloan_accruals": 0.0115,
  "inputs": {
    "revenue_t": 199125000000,
    "revenue_t1": 177011000000,
    "total_assets_t": 121494000000,
    "net_income_t": 5662000000,
    "cfo_t": 4290000000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/0001156039-26-000013-index.htm",
    "form": "10-K",
    "filed": "2026-02-06"
  }
}
P-05 ยท FY 2025-12-31 ยท CLEAN0.8

Tax arbitrage

ETR 15.6% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-06) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.1563,
    "2024-12-31": 0.2446,
    "2023-12-31": 0.2235
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.0537,
    "2024-12-31": -0.0346,
    "2023-12-31": -0.0135
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/0001156039-26-000013-index.htm",
    "form": "10-K",
    "filed": "2026-02-06"
  }
}
P-07 ยท FY 2025-12-31 ยท CLEAN0.0

Pension underfunding

DB plan 152% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-06) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 1195000000,
  "plan_assets": 1816000000,
  "funded_ratio": 1.5197,
  "deficit": 621000000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/0001156039-26-000013-index.htm",
    "form": "10-K",
    "filed": "2026-02-06"
  }
}
P-13 ยท FY 2023-12-31 ยท CLEAN0.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 8.25x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-06) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": 8.251,
    "2022-12-31": 9.733
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.166,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 8499000000,
    "interest_expense_t": 1030000000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/0001156039-26-000013-index.htm",
    "form": "10-K",
    "filed": "2026-02-06"
  }
}