Company: ELV
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001156039-25-000114
Chunk: 28

Company: Elevance Health, Inc.
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 8
Chunk 28
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30, 2025. The change in value was recognized through net losses on financial instruments in our consolidated statements of income.We have elected to not mark the net put option to market, as it is an option on large blocks of equity securities, and the carrying value of the net put option will remain on the consolidated balance sheets until it is exercised or expires.For additional information relating to the fair value of our derivative assets and liabilities, see Note 7, “Fair Value,” included in this Quarterly Report on Form 10-Q.

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7.    Fair Value

Assets and liabilities recorded at fair value in our consolidated balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair value. These assets and liabilities are classified into one of three levels of hierarchy defined by GAAP.For a description of the methods and assumptions that are used to estimate and determine the fair value hierarchy classification for each class of financial instruments, see Note 7, “Fair Value,” to our audited consolidated financial statements as of and for the year ended December 31, 2024 included in Part II, Item 8 of our 2024 Annual Report on Form 10-K.A summary of fair value measurements by level for assets and liabilities measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024 is as follows:

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Level ILevel IILevel IIITotalJune 30, 2025Assets:Cash equivalents$4,134$—$—$4,134Fixed maturity securities, available-for-sale:United States Government securities—1,580—1,580Government sponsored securities—128—128Foreign government securities—10—10States, municipalities and political subdivisions, tax-exempt—3,239—3,239Corporate securities—13,68123713,918Residential mortgage-backed securities—3,171—3,171Commercial mortgage-backed securities—1,86971,876Other asset-backed securities—1,5988652,463Total fixed maturity securities, available-for-sale—25,2761,10926,385Equity securities:Exchange traded funds834——834Common equity securities231—33Private equity securities6767Total equity securities8363167934Other invested assets - common equity securities6——6Securities lending collateral—2,772—2,772Derivatives - other assets—80—80Total assets$4,976$28,159$1,176$34,311