Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000106
Chunk: 12

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 12
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 intended to be exempt from Puerto Rico income taxation pursuant to the provisions of Section 1081.01(a) of the PR Code, and, pursuant to Section 1022(i)(l) of ERISA, for United States income tax purposes, the Plan's Master Trust is intended to be considered as an organization as described in Section 401(a) of the United States Internal Revenue Code ("US Code") and exempt under Section 501(a) of the US Code.

GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Puerto Rico Treasury. Plan management has analyzed the tax positions taken by the Plan, and has concluded there are no uncertain tax positions taken or expected to be taken. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

#### 8. Reconciliation to Form 5500
Reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2024 and 2023, is as follows:

|                                                                |     |   |       2024 |     |   |       2023 |
|:---------------------------------------------------------------|:----|:--|-----------:|:----|:--|-----------:|
| Net assets available for benefits per the financial statements |     | $ | 97,702,873 |     | $ | 74,126,392 |
| Deemed distributions of participant loans                      |     |   |    -60,074 |     |   |          — |
| Net assets available for benefits per the Form 5500            |     | $ | 97,642,799 |     | $ | 74,126,392 |

Reconciliation of the increase in net assets available for benefits per the financial statements to the net income (loss) per the Form 5500 for the year ended December 31, 2024 is as follows:

|                                                                            |     | 2024 |            |
|:---------------------------------------------------------------------------|:----|:-----|-----------:|
| Increase in net assets available for benefits per the financial statements |     | $    | 23,576,481 |
| Deemed distributions activity                                              |     |      |    -60,074 |
| Net income (loss) per the Form 5500                                        |     | $    | 23,516,