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Elevance Health

American health insurance provider

Elevance Health, formerly known as Anthem, Inc., offers various health insurance services including medical, pharmaceutical, dental, and behavioral health plans. It is the largest for-profit managed health care company in the Blue Cross Blue Shield Association, with 46.8 million members. Elevance Health ranked 20th on the 2022 Fortune 500 based on its 2021 revenues, and held the 78th seat in Forbes Global 2000 in 2023.

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Timeline

1946
Anthem founded as Mutual Hospital Insurance and Mutual Medical Insurance
Anthem was established in 1946 in Indianapolis under the names Mutual Hospital Insurance and Mutual Medical Insurance. It experienced significant growth throughout the 1970s.
1972
Blue Cross of Indiana and Blue Shield of Indiana merge as Associated Insurance Companies
In 1972, Blue Cross of Indiana and Blue Shield of Indiana combined forces and formed Associated Insurance Companies, which later merged with Anthem.
1985
Anthem's major growth and acquisitions
Anthem experienced substantial expansion from 1985 through the early 2000s, acquiring various Blue Cross Blue Shield affiliates in different states and reaching 11.9 million members by 2002.
1992
WellPoint founded as parent company of Blue Cross of California
WellPoint was established in 1992 as the overseeing company for Blue Cross of California.
1996
WellPoint Health Networks established
In 1996, WellPoint Health Networks was formed as a part of WellPoint.
1998
Elevance Health Founded
Elevance Health was founded in 1998.
2001-10
Anthem Becomes a Public Company via Demutualization and IPO
In October 2001, Anthem underwent demutualization and became a public company through an initial public offering, making it the fourth largest public managed health care company in the United States.
2002
Anthem Acquires Trigon Healthcare of Virginia
In 2002, Anthem acquired Trigon Healthcare of Virginia, the largest insurer in Virginia, for $4.04 billion, expanding its reach and membership to 11.9 million members.
2004
Anthem Insurance Company and WellPoint Health Networks merge
Anthem Insurance Company and WellPoint Health Networks combined in 2004 to form WellPoint, operating under the brand name Anthem.
2014
WellPoint rebrands to Anthem
In 2014, WellPoint officially changed its name to Anthem.
2015-01-01
Corporate Equality Index's Best Places to Work for LGBTQ Equality
Elevance Health was listed on the Corporate Equality Index's Best Places to Work for LGBTQ Equality from 2015 to 2022, highlighting its dedication to fostering an inclusive and diverse workplace for LGBTQ individuals.
2017
Gail Boudreaux named CEO of Anthem
In 2017, Gail Boudreaux was appointed as the CEO of Anthem.
2018-01-01
Inclusion in S&P Dow Jones Sustainability Index
Elevance Health was recognized for its sustainable practices and performance by being featured on the S&P Dow Jones Sustainability Index from 2018 to 2022.
2020
Elevance Health Foundation Redefines Approach
In response to the effects of COVID-19 and recent social unrest, the Elevance Health Foundation has shifted its focus to address racial inequities and health disparities in communities, aiming to improve health outcomes beyond just healthcare.
2021
Elevance Health reimagining the health system
Elevance Health is reimagining the health system by taking a more holistic approach to improve outcomes, equity, and accessibility.
2022-06-28
Anthem changes name to Elevance Health, Inc.
On June 28, 2022, Anthem announced a corporate name change to Elevance Health, Inc. and altered its stock ticker symbol to 'ELV'.
2022-10-24
Anthem becomes largest commercial insurance company in the U.S.
On October 24, 2022, Ms. Boudreaux announced that Anthem is now the leading commercial insurance provider in the U.S. with 47.3 million members.
2022-10-31
Elevance Health Stock Reaches All-Time High Closing Price
On October 31, 2022, Elevance Health stock achieved its highest closing price of 536.79. This milestone marked a significant moment for the company in the stock market.
2023-01-23
Elevance acquires Blue Cross and Blue Shield of Louisiana
On January 23, 2023, Elevance Health entered an agreement to acquire Blue Cross and Blue Shield of Louisiana, expanding its presence to 15 states.
End of the Timeline
Elevance Health

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