Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000106
Chunk: 7

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 7
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 participant’s and the Plan Sponsor’s contributions. The Plan Sponsor has the right to amend the Plan or to suspend matching contributions to the Plan at any time, either permanently or temporarily, for any length of time.

#### 2. Significant Accounting Policies

#### Basis of Presentation
The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

#### Use of Estimates
The preparation of financial statements in accordance with GAAP requires the use of estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates.

#### Investment Valuation and Income Recognition
The Plan's and Master Trust's investments are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 4, "Fair Value Measurements", for further discussion.

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#### Elevance Health Puerto Rico Retirement Plan

### Notes to Financial Statements (continued)
The Plan's interest in the net investment income of the Master Trust consists of the Plan's allocation of realized gains and losses on investments that were sold during the period, unrealized appreciation and depreciation of the underlying investments held at year end, and net investment income/loss based upon the total of each Plan participant's share of the Trust.

Purchases and sales of securities are recorded on a trade-date basis and interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation or depreciation in fair value of investments includes realized gains and losses on investments that were sold during the period as well as unrealized appreciation or depreciation of the investments held at year end.

Investment securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits, participant accounts and the statement of changes in net assets available for benefits.

#### Receivable from Sale of Investments
Receivable from the sale of investments pertains to Predecessor Plan investments that were sold in connection with the transition to Fidelity, but had not yet settled as of December 31, 2023. Settlement proceeds from the sale of Predecessor Plan investments