Elevance Health, Inc.

ELV

Elevance Health, Inc., together with its subsidiaries, operates as a health benefits company in the United States. The company operates in four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. It offers a variety of health plans and services to individual, employer group risk-based and fee-based, BlueCard, Medicare, Medicaid, and FEP members; health products; a broad array of fee-based administrative managed care services; and specialty and other insurance products and services, such as stop loss, dental, vision, and supplemental health insurance benefits.

About the company

Country: United StatesPrice: $429.69Market Cap: $92.8B

Investment snapshot

44%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

3 / 6

NEUTRAL / FAIL

Median fair value

$338.72

-21.2% vs price

Models with upside

2 / 16

Positive margin of safety

Strongest signal

Split decision: 6 FAIL · 5 PASS · 3 NEUTRAL · 2 BUY

Key risk

Split decision: 6 FAIL · 5 PASS · 3 NEUTRAL · 2 BUY

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	PASS	PASS	FAIL	PASS	FAIL	PASS	FAIL	FAIL	FAIL	NEUTRAL	PASS	NEUTRAL	BUY	FAIL	NEUTRAL	BUY
Score
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Intrinsic Value (annual)				N/A								N/A	N/A	N/A	N/A	N/A
Margin of Safety	-27.9%	+27.5%	-143.7%	N/A	-12.9%	-80.5%	-20.3%	+27.6%	-43.6%	-26.3%	-27.5%	N/A	N/A	N/A	N/A	N/A
Financial Basis	TTM ended 2026-09-30 · Annual history · FY 2025 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-09-30 · TTM ended 2026-09-30 vs 2025-09-30 · TTM ended 2026-09-30 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-02-06 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-02-06 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-02-06 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-02-06 Score computed: 2026-11-14	TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 Latest source filing: 2026-10-21 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-09-30 Latest source filing: 2026-10-21 Score computed: 2026-11-14	TTM ended 2026-09-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-10-21 Score computed: 2026-11-14

Where It Passes

Verdicts54% pass✓ 7✗ 6▾
Split decision: 6 FAIL · 5 PASS · 3 NEUTRAL · 2 BUY
Overall verdict
✓GrahamPASS (3/7)✓BuffettPASS (3/7)✗LynchFAIL (2/6)✓PiotroskiPASS (F-Score 4)✗DremanFAIL (2/10)✓MungerPASS (2/4)✗PabraiFAIL (0/3)✗AkreFAIL (1/6)✗MarksFAIL (3/5)•AckmanNEUTRAL (6/9)✓TempletonPASS (4/8)•SleepNEUTRAL (4/6)✓AsnessBUY (Rank #84/2370 (Top 3.5%))✗NeffFAIL (3/6)•SchlossNEUTRAL (4/7)✓OshaughnessyBUY (Rank #79/963 (Top 8.2%))

Where It Falls Short

Profitability7% pass✓ 12✗ 20▾
14 of 15 flag ELV's profitability — Graham, Buffett, Lynch +11 more
Net income / market capitalization+5.54%; #1537/6340 (top 24.2%)
✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive EPS (10 years)28/28 years positive
✓GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)28/28 years positive
✓BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)15.2%
✓Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)3.6% (latest)
✗BuffettStable or rising over 10 years
Free Cash Flow Proxy$6.1B
✓BuffettPositive and growing
Earnings Variance (10-yr CoV)
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)2.44
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR7.0%
✓Lynch15-30% (Fast Grower); > 0% to pass
ROE11.5%
✗Lynch> 15%
Net Income / Total Assets4.66%
✓PiotroskiROA > 0
ROA Change YoY5.12% -> 4.66% (delta: -0.46%)
✗PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=3.53%, ROA=4.66%
✗PiotroskiCFO/Assets > ROA
Pre-Tax Income / Revenue3.1%
✗Dreman>= 8%
Net Income / Shareholders' Equity11.5%
✗Dreman> 12%
Margin of SafetyP/E=17.0x, P/B=2.2x
✗PabraiP/B < 1.5 or P/E < 15
Return on Equity14.2% (3-yr avg)
✗AkreROE > 20% (3-year avg)
Discount to Intrinsic Value-12.9% (IV=$380.55 vs Price=$429.69)
✗Marks>= 20% below intrinsic value
Positive Net Income Frequency28/28 years positive
✓MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue2.7%
✗Ackman>= 15%
Net Income / Shareholders Equity11.5%
✗Ackman>= 15%
5-Year EPS CAGR7.0% CAGR over 5 years
✓Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend5.0% (2023) -> 3.6% (2025)
✗TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trendgross margin 89.9% -> 89.4%, operating margin 5.0% -> 3.6%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Gross profit / total assets+146.47%; #66/3702 (top 1.8%)
✓AsnessTop 30% of eligible cross-section
Net income / positive book equity+11.50%; #1581/5226 (top 30.3%)
✗AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.0056; #530/5884 (top 9.0%)
✓AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR7.0% over 5 years
✗Neff7%-20% annualized
Positive Diluted-EPS Years10/10 years positive
✓Schloss>= 70% positive over 5-10 observed years (app rule)
Valuation8% pass✓ 3✗ 23▾
11 of 12 flag ELV's valuation — Graham, Lynch, Dreman +8 more
Net income / market capitalization+5.54%; #1537/6340 (top 24.2%)
✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Price / 3-yr avg EPS16.9x
✗Graham<= 15x
Price-to-Book Ratio2.2x
✗Graham<= 1.5x
P/E x P/B36.60
✗Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)2.44
✗Lynch< 1.0 (ideally < 0.5)
Price / EPS17.0x
✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)22.1x
✗Dreman< 8x
Price / Book Value per Share2.2x
✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
Valuation ReasonablenessP/E=17.0x, OE Yield=6.4%
✓MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldP/E=17.0x, FCF Yield=3.4%
✗PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical AverageP/E=17.0x, P/B=2.2x
✗MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic Value-12.9% (IV=$380.55 vs Price=$429.69)
✗Marks>= 20% below intrinsic value
Price / FCF per Share29.9x
✗Ackman<= 25
Price vs. Trailing Low152% of trailing low ($283.08)
✗Templeton<= 120% of trailing low (certified split-adjusted live window)
Positive book equity / market capitalization+0.4813; #2954/6449 (top 45.8%)
✗AsnessTop 30% of eligible cross-section
Price / Diluted EPS17.0x
✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E0.50
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per Share21.86x
✗SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change+46.7%
✓SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+2.1740; #1013/5247 (top 19.3%)
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization+7.02%; #1162/4519 (top 25.7%)
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date+37.93%; #848/6202 (top 13.7%)
✗OshaughnessyTop 10% of eligible cross-section
Valuation models20% pass✓ 2✗ 8▾
Models split on ELV at $429.69 — fair values range $176.30–$593.13
Graham fair value$335.83
✗Graham-27.9% margin vs $429.69
Buffett fair value$592.44
✓Buffett+27.5% margin vs $429.69
Lynch fair value$176.30
✗Lynch-143.7% margin vs $429.69
Dreman fair value$380.55
✗Dreman-12.9% margin vs $429.69
Munger fair value$238.09
✗Munger-80.5% margin vs $429.69
Pabrai fair value$357.05
✗Pabrai-20.3% margin vs $429.69
Akre fair value$593.13
✓Akre+27.6% margin vs $429.69
Marks fair value$299.31
✗Marks-43.6% margin vs $429.69
Ackman fair value$340.32
✗Ackman-26.3% margin vs $429.69
Templeton fair value$337.13
✗Templeton-27.5% margin vs $429.69
Efficiency25% pass✓ 1✗ 4▾
3 of 4 flag ELV's efficiency — Munger, Akre and Sleep
Revenue / Total Assets Change YoY1.51x -> 1.64x
✓PiotroskiImproved YoY
Return on Invested Capital5.7%
✗Munger> 15%
ROIC (high and growing)FY2023: ROIC=10.5%; FY2024: ROIC=8.6%; FY2025: ROIC=7.5%
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROIC4.0% (RR=71% x ROIC=5.7%)
✗AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)0/5 years above 12% (latest 7.5%)
✗SleepROIC > 12% in a majority of years
Debt & Leverage36% pass✓ 5✗ 8▾
7 of 11 flag ELV's debt & leverage — Buffett, Lynch, Piotroski +4 more
Debt/Equity & Interest CoverageD/E: 0.69, IC: 3.8x
✗BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / Equity0.69
✗Lynch< 0.33
Cash - Long-term Debt$-20.0B
✗LynchPositive preferred
LT Debt / Total Assets Change25.00% -> 25.35%
✗PiotroskiDecreased YoY
Total Debt / Shareholders' Equity0.69
✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
Debt Levels0.69
✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDAIC=5.1x, D/EBITDA=3.6x
✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity0.69
✓Ackman<= 1.0
Negative debt-to-equity (higher means less debt)-0.6884; #2818/4210 (top 66.9%)
✗AsnessTop 30% of eligible cross-section
Current Assets / Current Liabilities1.47x
✗SchlossCurrent ratio >= 1.50x (app cutoff)
Growth38% pass✓ 6✗ 6▾
5 of 8 flag ELV's growth — Graham, Lynch, Dreman +2 more
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)2.44
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR7.0%
✓Lynch15-30% (Fast Grower); > 0% to pass
EPS Growth Direction
✗DremanPositive over recent years
EPS CAGR
✗Dreman> 5% annualized
Positive Net Income Frequency28/28 years positive
✓MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth9.4%
✓Ackman>= 5%
Positive EPS Growth Frequency4/5 years with positive EPS growth
✓AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR7.0% CAGR over 5 years
✓Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trendgross margin 89.9% -> 89.4%, operating margin 5.0% -> 3.6%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR10.3%
✓SleepCAGR > 7%
3-5 Year Diluted EPS CAGR7.0% over 5 years
✗Neff7%-20% annualized
Cash Flow50% pass✓ 7✗ 5▾
5 of 10 pass — Piotroski, Dreman, Pabrai +2 more object
Free Cash Flow Proxy$6.1B
✓BuffettPositive and growing
FCF Positive and Growing$6.5B
✓LynchPositive and growing
Operating Cash Flow$4.3B
✓PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=3.53%, ROA=4.66%
✗PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)22.1x
✗Dreman< 8x
P/E or FCF YieldP/E=17.0x, FCF Yield=3.4%
✗PabraiP/E < 15 or FCF Yield > 10%
FCF Positive18/18 years FCF positive
✓MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap6.9%
✓Ackman>= 4%
Price / FCF per Share29.9x
✗Ackman<= 25
Positive Operating Cash Flow frequency26/26 years positive
✓SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$6.5B
✓Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization+7.02%; #1162/4519 (top 25.7%)
✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Insurance

SIC Sector: Insurance Carriers

Size: Large Cap($92.8B)

Revenue: $199.1B+12.5% YoY

Net Income: $5.7B-5.3% YoY

Financial Snapshot

Operating Margin3.6%

Return on Equity12.9%

Debt / Equity0.73

Current Ratio1.54

EPS (Diluted)$25.21−1.8% 1y

Buybacks (1y)$2.6B

Buybacks (2y)$5.5B

Shares Retired2.9% / 5.1% 2y

Similar Companies

UNHUNITEDHEALTH GROUP INC

$365.1B

PGRPROGRESSIVE CORP/OH/

$136.6B

MRSHMARSH & MCLENNAN COMPANIES, INC.

$98.8B

CILJFCHINA LIFE INSURANCE CO LTD

$85.1B

Sector-adjusted criteria: Insurer

Insurers file unclassified balance sheets with no inventory or current accounts, so those criteria are omitted rather than failed for missing data. Return-on-invested-capital tests are omitted too: float funds the balance sheet but never appears in invested capital, and the portfolio it is invested in would be subtracted as spare cash. Debt tests are kept — an insurer’s borrowings are real leverage on top of underwriting.

Shareholder Return

Fiscal 2025

Retired 2.9% of shares last year, 5.1% over two.

Buybacks: $2.6B
Dividends: $1.5B

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY22

0.3% = −4.3% + 4.8%

FY23

1.7% = 1.6% + 0.1%

FY24

1.8% = −0.1% + 1.9%

FY25

−1.8% = −5.3% + 3.7%

Earnings Fewer shares More shares

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

Metric	TTM · 2026-09-30 2025-10-01 – 2026-09-30 Sources · derived quarter values 10-K · 2026-02-06 10-Q · 2026-04-22 10-Q · 2026-07-15 10-Q · 2026-10-21 Derived from cumulative filings: revenue, net income, operating income, ebit, pre tax income, interest expense, operating cash flow, capex, buybacks.	Q3 FY 2026 2026-07-01 – 2026-09-30 Sources · derived quarter values 10-Q · 2026-10-21 Derived from cumulative filings: operating cash flow, capex, buybacks.	Q2 FY 2026 2026-04-01 – 2026-06-30 Sources · derived quarter values 10-Q · 2026-07-15 Derived from cumulative filings: operating cash flow, capex, buybacks.	Q1 FY 2026 2026-01-01 – 2026-03-31 Sources 10-Q · 2026-04-22	FY 2025 Sources 10-K · 2026-02-06	FY 2024 Sources 10-K · 2025-02-20	FY 2023 Sources 10-K · 2024-02-21	FY 2022 Sources 10-K · 2023-02-15	FY 2021 Sources 10-K · 2022-02-16
Market Cap	$92.8Bcurrent	--	--	--	$75.8Best.	$87.7Best.	$110.5Best.	$112.8Best.	$100.0Best.
Revenue	$201.8B↑4%	$51.4B↑1%	$50.5B↑1%	$50.2B↑3%	$199.1B↑12%	$177.0B↑3%	$171.3B↑9%	$156.6B↑13%	$138.6B
Operating Income	$5.4B↓28%	$1.3B↓2%	$1.8B↓27%	$2.1B↓34%	$7.2B↓8%	$7.9B↓7%	$8.5B↑3%	$8.3B↑10%	$7.6B
Net Income	$5.1B↓7%	$1.4B↑15%	$1.5B↓16%	$1.8B↓19%	$5.7B↓5%	$6.0B	$6.0B↑2%	$5.9B↓4%	$6.2B
EPS (Diluted)	--	$6.27↑18%	$6.71↓13%	$8.00↓17%	$25.21↓2%	$25.68↑2%	$25.22↑2%	$24.81	$24.73
Gross Margin	—	—	—	—	89.4%↑1%	88.8%↓1%	89.9%↓2%	91.7%↓1%	92.1%
Operating Margin	2.7%↓31%	2.5%↓3%	3.5%↓28%	4.2%↓36%	3.6%↓19%	4.4%↓10%	5.0%↓6%	5.3%↓3%	5.5%
ROE	11.5%↓9%	—	—	—	12.9%↓11%	14.5%↓5%	15.2%↓6%	16.3%↓5%	17.1%
Total Debt	$30.8B↓4%	$30.8B↓4%	$31.0B↑4%	$31.1B↑5%	$31.9B↑3%	$30.9B↑24%	$24.9B↑4%	$23.8B↑5%	$22.8B
Shareholders' Equity	$44.7B↑2%	$44.7B↑2%	$44.9B↑3%	$43.9B↑3%	$43.9B↑6%	$41.3B↑5%	$39.3B↑8%	$36.2B↑1%	$36.1B
Current Ratio	1.47↓6%	1.47↓6%	1.52↑5%	1.48↑3%	1.54↑6%	1.45↑1%	1.44↑3%	1.40↓4%	1.47
Debt / Equity	0.69↓5%	0.69↓5%	0.69↑1%	0.71↑1%	0.73↓3%	0.75↑18%	0.63↓4%	0.66↑4%	0.63
Operating Cash Flow	$7.6B↑55%	$1.3B↑12%	$1.9B↓7%	$4.3B↑326%	$4.3B↓26%	$5.8B↓28%	$8.1B↓4%	$8.4B	$8.4B
Free Cash Flow	$6.5B↑73%	$1.0B↑29%	$1.6B↓9%	$4.1B↑399%	$3.2B↓30%	$4.6B↓33%	$6.8B↓7%	$7.2B	$7.3B

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Insurance

ELV vs Peers — Financial Grading

Revenue$199.1BTop 25%

Net Income$5.7BMedian

ROE12.9%Median

D/E0.73Median

Op. Margin3.6%Bottom 25%

Curr. Ratio1.54Top 25%

Company	Market Cap	Price	Revenue	Net Income	ROE	D/E	Op. Margin	Curr. Ratio	Graham	Buffett	Lynch	Piotroski	Dreman
UNITEDHEALTH GROUP INCUNH	$365.1B	$407.46	$447.6B	$12.1B	12.0%	0.78	4.2%	0.79	3/7	4/7	2/6	F-Score 6	3/10
PROGRESSIVE CORP/OH/PGR	$136.6B	$235.78	$87.7B	$11.3B	37.3%	0.23	—	—	2/7	2/7	4/6	F-Score 6	8/10
MARSH & MCLENNAN COMPANIES, INC.MRSH	$98.8B	$207.78	$27.0B	$4.2B	27.2%	1.28	23.1%	1.10	3/7	3/7	2/6	F-Score 6	5/10
CHINA LIFE INSURANCE CO LTDCILJF	$85.1B	$3.01	—	—	—	—	—	—	5/7	1/7	3/6	F-Score 5	5/10
Aon plcAON	$71.8B	$338.31	$17.2B	$3.7B	39.5%	1.63	25.3%	1.11	2/7	4/7	3/6	F-Score 6	3/10
HUMANA INCHUM	$54.0B	$450.00	$129.7B	$1.2B	6.7%	0.70	2.1%	2.00	3/7	2/7	1/6	F-Score 4	4/10
SUN LIFE FINANCIAL INCSLF	$40.5B	$72.93	$30.6B	$2.6B	14.5%	0.33	—	—	3/7	3/7	2/6	F-Score 6	6/10
HARTFORD INSURANCE GROUP, INC.HIG	$36.8B	$137.48	$28.4B	$3.8B	20.2%	0.23	—	—	3/7	3/7	4/6	F-Score 7	8/10