Company: HUM
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000049071-25-000007
Chunk: 32

Company: HUMANA INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 32
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 with no individual state exceeding approximately 1% of our total debt securities. Our investment policy limits investments in a single issuer and requires diversification among various asset types.     Our unrealized losses from all debt securities were generated from approximately 1,780 positions out of a total of approximately 2,200 positions at December 31, 2024. All issuers of debt securities we own that were trading at an unrealized loss at December 31, 2024 remain current on all contractual payments. After taking into account these and other factors previously described, we believe these unrealized losses primarily were caused by an increase in market interest rates in the current markets since the time the debt securities were purchased. At December 31, 2024, we did not intend to sell any debt securities with an unrealized loss position in accumulated other comprehensive income, and it is not likely that we will be required to sell these debt securities before recovery of their amortized cost basis. Additionally, we did not record any material credit allowances for debt securities that were in an unrealized loss position at December 31, 2024, 2023 or 2022.The detail of realized gains (losses) related to investment securities and included within investment income was as follows for the years ended December 31, 2024, 2023, and 2022:202420232022(in millions)Gross gains on investment securities$37 $46 $62 Gross losses on investment securities(13)(101)(144)Gross gains on equity securities— 1 51 Gross losses on equity securities— — (174)Net recognized gains (losses) on investment securities$24 $(54)$(205)The gains and losses related to equity securities for the years ended December 31, 2024, 2023 and 2022 was as follows:202420232022(in millions)Net gains (losses) recognized on equity securities during the period$— $1 $(123)Less: Net gains (losses) recognized on equity securities sold during the period— 1 (105)Unrealized losses recognized on equity securities still held at the end of the period$— $— $(18)The contractual maturities of debt securities available for sale at December 31, 2024, regardless of their balance sheet classification, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right