CEO Salary & Executive Compensation
Elevance Health ELV
CEO: Gail Boudreaux · Health Insurance · 100,000 employees
Gail Boudreaux, CEO of Elevance Health (ELV), earned $12.0M in total compensation in 2025. Elevance Health receives a Pay-for-Performance grade of B (69/100), with a CEO-to-worker pay ratio of 200:1 and a say-on-pay shareholder approval of 85.5%. The company's 3-year total shareholder return is +20.3%.
How Elevance Health CEO Pay Compares
Gail Boudreaux's $12.0M total compensation is 0% below the Health Insurance industry median of $12.0M. The 200:1 CEO-to-worker pay ratio is 20% higher than the industry average of 167:1.
Elevance Health (ELV) disclosed $12.0M in CEO compensation for Gail Boudreaux. The package is structured for retention plus performance alignment, with equity awards taking the largest share.
The CEO-to-median-worker pay ratio is 200x, meaning Gail Boudreaux's $12.0M total comp is roughly that many times the median $60,000 earned by Elevance Health workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been positive over the three-year window: TSR of 20.3% alongside 7.8% revenue growth. Compensation packages tied to relative TSR or absolute return benchmarks would have vested at or near target levels with this performance profile.
Say-on-pay support was strong at 85%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. Elevance Health operates in Health Insurance with 100,000 employees and $171.3B in annual revenue, and currently carries a market capitalization of $110.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Elevance Health (ELV).
Compensation Breakdown
Gail Boudreaux's $12.0M total compensation package for fiscal year 2025 includes $1.2M in base salary, $6.0M in stock awards, $1.4M in option awards, and $1.8M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2024 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2023 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2022 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
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Gail Boudreaux, CEO of Elevance Health (ELV), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Gail Boudreaux, CEO of Elevance Health (ELV), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Elevance Health has a Pay-for-Performance Score of B (69/100). The company's 3-year total shareholder return is +20.3%, and the say-on-pay shareholder vote passed with 85.5% approval.
The CEO-to-median-worker pay ratio at Elevance Health is 200:1. The median worker at Elevance Health earns $60K per year, while CEO Gail Boudreaux earns $12.0M in total compensation.
Elevance Health employs approximately 100,000 people. The company operates in the Health Insurance industry within the Healthcare sector, generating $171.3B in annual revenue.