Elevance Health's ROE is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a firm in relation to its equity capital. The ROE for the company is: 15% = US$6.0b US$39b (Based on the trailing twelve months to December 2023) This means that for every $1 worth of shareholders' equity, the company generated $0.15