Elevance Health saw revenues climb more than 9% during the fourth quarter of 2022, hitting $39.9 billion, up from $36 billion in Q4 2021. But profit was down 16.5% year-over-year, declining from $1.1 billion last year to $949 million in 2022.

Operating revenue was $39.7 billion in the fourth quarter of 2022, an increase of $3.6 billion, or 10.1% year-over-year. Operating revenue was $155.7 billion for the full year, representing 13.7% growth over 2021.