Elevance Health

Elevance Health, formerly Anthem, is one of the largest health insurers in the United States, operating Blue Cross Blue Shield plans across many states and expanding into pharmacy and integrated health services under its Carelon brand. Its scale in commercial, Medicare and Medicaid markets gives it deep reach into the U.S. healthcare system. Elevance has raised its dividend consistently since initiating it, supported by strong, relatively defensive cash flows from insurance premiums. The yield is modest but well covered, with plenty of room for continued growth alongside share buybacks. The profile combines healthy dividend growth with a large, resilient healthcare franchise, which its strong score reflects.