| Stage | UNH | % of rev | ELV | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $112B | 100.00% | $51.4B | 100.00% | UNH ×2.18 |
| Gross profit | $23.3B | 20.80% | $8.0B | 15.57% | UNH +5.2pp |
| Operating income | $8.0B | 7.13% | $2.2B | 4.18% | UNH +2.9pp |
| Pre-tax income | $7.0B | 6.22% | $1.8B | 3.49% | UNH +2.7pp |
| Net income | $5.7B | 5.06% | $1.3B | 2.61% | UNH +2.4pp |
| Stage | UNH | ELV | Gap · A − B |
|---|---|---|---|
| Revenue | $112B100.00% | $51.4B100.00% | UNH ×2.18 |
| Gross profit | 20.80%$23.3B | 15.57%$8.0B | UNH +5.2pp |
| Operating income | 7.13%$8.0B | 4.18%$2.2B | UNH +2.9pp |
| Pre-tax income | 6.22%$7.0B | 3.49%$1.8B | UNH +2.7pp |
| Net income |
| 5.06%$5.7B |
| 2.61%$1.3B |
| UNH +2.4pp |
UNH · LFST 10-KFeb 25 '26
“Two payors individually exceeded 10% of our total revenue for the year ended December 31, 2025: UnitedHealthcare and Elevance Health, Inc., comprising 14% and 15%, respectively.”
ELV · LFST 10-KFeb 25 '26
“Two payors individually exceeded 10% of our total revenue for the year ended December 31, 2025: UnitedHealthcare and Elevance Health, Inc., comprising 14% and 15%, respectively.”
UNH · NTRA 10-KFeb 27 '26
“NIPT has received positive coverage determinations for high-risk pregnancies and in such instances are reimbursed by most commercial health insurers, including United Healthcare, Aetna, Elevance Health (previously known as Anthem), Humana, Cigna and others.”
ELV · NTRA 10-KFeb 27 '26
“NIPT has received positive coverage determinations for high-risk pregnancies and in such instances are reimbursed by most commercial health insurers, including United Healthcare, Aetna, Elevance Health (previously known as Anthem), Humana, Cigna and others.”
UNH · SLQT 10-KAug 25 '26
“For example, carriers and other entities owned by UHC, Humana, and Aetna, accounted for 39%, 13%, and 12%, respectively, of our total revenue for the year ended June 30, 2026, carriers and other entities owned by UHC, Aetna, and Humana accounted for 37%, 15%, and 11%, respectively, of our total revenue for the year ended June 30, 2025; and carriers and other entities owned by UHC, Humana and Aetna accounted for 30%, 17%, and 16%, respectively, of our total revenue for the year ended June 30, 2024.”
ELV · SLQT 10-KAug 25 '26
“The relationships with our insurance carrier partners such as UHC, Aetna, Humana and Anthem, have grown through SelectRx and Healthcare Select, as we gather valuable data for them by performing health risk and lifestyle assessments.”
UNH · GOCOQ 10-KMar 31 '26
“For the twelve months ended December 31, 2025, 2024, and 2023, the primary health plan partners that we served were United, Humana, Elevance, Aetna and Centene.”
ELV · GOCOQ 10-KMar 31 '26
“For the twelve months ended December 31, 2025, 2024, and 2023, the primary health plan partners that we served were United, Humana, Elevance, Aetna and Centene.”
UNH · TOI 10-KMar 12 '26
“Some of the biggest and most respected names in healthcare contract with the TOI PCs to provide oncology care to their members, including Anthem, CareMore Health, Heritage Provider Network and Optum Care.”
ELV · TOI 10-KMar 12 '26
“Some of the biggest and most respected names in healthcare contract with the TOI PCs to provide oncology care to their members, including Anthem, CareMore Health, Heritage Provider Network and Optum Care.”