Company: ELV
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001156039-25-000114
Chunk: 21

Company: Elevance Health, Inc.
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 8
Chunk 21
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,385 December 31, 2024Fixed maturity securities:United States Government securities$1,907 $2 $(85)$— $1,824 Government sponsored securities156 — (5)— 151 Foreign government securities19 — (2)— 17 States, municipalities and political subdivisions, tax-exempt3,142 33 (123)— 3,052 Corporate securities14,095 192 (367)(4)13,916 Residential mortgage-backed securities3,274 13 (236)— 3,051 Commercial mortgage-backed securities1,801 8 (60)(1)1,748 Other asset-backed securities2,534 36 (92)(1)2,477 Total fixed maturity securities$26,928 $284 $(970)$(6)$26,236 Other asset-backed securities primarily consist of collateralized loan obligations and other debt securities.

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For fixed maturity securities in an unrealized loss position at June 30, 2025 and December 31, 2024, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position: Less than 12 Months12 Months or Greater(Securities are whole amounts)Number ofSecuritiesEstimatedFair ValueGrossUnrealizedLossNumber ofSecuritiesEstimatedFair ValueGrossUnrealizedLossJune 30, 2025Fixed maturity securities:United States Government securities33 $493 $(23)17$209 $(14)Government sponsored securities4 28 — 3336 (2)Foreign government securities1 7 — 21 — States, municipalities and political subdivisions, tax-exempt537 1,263 (39)585824 (86)Corporate securities609 1,571 (46)1,0771,949 (157)Residential mortgage-backed securities170 647 (6)1,2401,146 (164)Commercial mortgage-backed securities67 266 (7)240547 (26)Other asset-backed securities77 192 (7)198609 (90)Total fixed maturity securities1,498 $4,467 $(128)3,392$5,321 $(539)December 31, 2024Fixed maturity securities:United States Government securities40 $1,240