Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 201

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 201
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Life insurance contracts— — 301 301 Investment in DOL 103-12 trust— 9 — 9 Total other benefit assets at fair value$25 $9 $301 335 Alternative investments9 Total other benefit assets$344 

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Elevance Health, Inc.Notes to Consolidated Financial Statements (continued)

The fair values of our pension benefit assets and other benefit assets by asset category and level inputs at December 31, 2023, excluding cash, investment income receivable and amounts due to/from brokers of $43, and excluding estimated claims settlements to be paid from other benefit assets of $(23), are as follows:Level ILevel IILevel IIITotalDecember 31, 2023Pension Benefit Assets:Cash equivalents$2 $— $— $2 Equity securities:U.S. securities390 — — $390 Foreign securities94 — — 94 Mutual funds42 — — 42 Fixed maturity securities:Government securities— 70 — 70 Corporate securities— 522 — 522 Asset-backed securities— 2 — 2 Other types of investments:Insurance company contracts— — 143 143 Total pension benefit assets at fair value$528 $594 $143 1,265 Alternative investments500 Total pension benefit assets$1,765 Other Benefit Assets:Equity securities:U.S. securities$7 $— $— $7 Foreign securities2 — — 2 Mutual funds17 — — 17 Other types of investments:Life insurance contracts— — 289 289 Investment in DOL 103-12 trust— 9 — 9 Total other benefit assets at fair value$26 $9 $289 324 Alternative investments11 Total other benefit assets$335 

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Elevance Health, Inc.Notes to Consolidated Financial Statements (continued)

The following table provides additional information on the alternative investments that are measured using NAV as a practical expedient:Fair Value as of December 31Unfunded Commitments as of December 31, 2024Redemption Frequency (if applicable)Redemption Notice Period20242023Collective investment trusts:Pension benefit assets$413 $346 Other benefit assets8 9 Total CITs421 355 $