Company: HUM
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000049071-25-000007
Chunk: 30

Company: HUMANA INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 30
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 Treasury and agency obligations$2,717 $1 $(51)$2,667 Mortgage-backed securities3,946 1 (425)3,522 Tax-exempt municipal securities879 1 (22)858 Mortgage-backed securities:Residential465 1 (66)400 Commercial1,471 — (126)1,345 Asset-backed securities1,813 2 (44)1,771 Corporate debt securities7,011 28 (594)6,445 Total debt securities$18,302 $34 $(1,328)17,008 

86

Humana Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

We own certain corporate debt securities of Gentiva Hospice. The book value and fair value are $381 million and $396 million, respectively, at December 31, 2024. The book value and fair value were $379 million and $398 million, respectively, at December 31, 2023.We participate in a securities lending program where we loan certain investment securities for short periods of time in exchange for collateral, consisting of cash or U.S. Government securities, initially equal to at least 102% of the fair value of the investment securities on loan. Collateral with a fair value of $418 million was held at December 31, 2024. At December 31, 2024, collateral from lending our investment securities has been reinvested in short-term, highly liquid assets. In addition, we participated in non-cash securities lending with a fair value of $127 million at December 31, 2024. Gross unrealized losses and fair values aggregated by investment category and length of time of individual debt securities that have been in a continuous unrealized loss position for which no allowances for credit loss has been recorded were as follows at December 31, 2024 and 2023, respectively: Less than 12 months12 months or moreTotal FairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLosses (in millions)December 31, 2024U.S. Treasury and other U.S. government     corporations and agencies:U.S. Treasury and agency obligations$2,343 $(68)$456 $(42)$2,799 $(110)Mortgage-backed securities