Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 225

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 225
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 11 End of year balance(523)(632)(1,755)Non-credit components of impairments on investments:Beginning of year balance(3)(3)— Other comprehensive income (loss), net of tax expense of $(1), $0, and $0, respectively1 — (3)End of year balance(2)(3)(3)Net cash flow hedges:Beginning of year balance(211)(229)(239)Other comprehensive income, net of tax benefit (expense) of $(4), $6, and $(6), respectively4 18 10 End of year balance(207)(211)(229)Pension and other benefits:Beginning of year balance(459)(499)(429)Other comprehensive income (loss), net of tax expense of $0, $(39), and $(23), respectively60 40 (70)End of year balance(399)(459)(499)Future policy benefits:Beginning of year balance10 13 (19)Other comprehensive (loss) income, net of tax benefit (expense) of $1, $1, and $(10), respectively(2)(3)32 End of year balance8 10 13 Foreign currency translation adjustments:Beginning of year balance(18)(17)(4)Other comprehensive loss, net of tax benefit of $0, $1, and $6(6)(1)(13)End of year balance(24)(18)(17)Total:Total beginning of year accumulated other comprehensive loss(1,313)(2,490)(197)Total other comprehensive income (loss), net of tax benefit (expense) of $(42), $(362), and $799, respectively160 1,171 (2,304)Total other comprehensive income attributable to noncontrolling interests, net of tax benefit (expense) of $1, $1, and $(3), respectively6 6 11 Total end of year accumulated other comprehensive loss$(1,147)$(1,313)$(2,490)

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Elevance Health, Inc.Notes to Consolidated Financial Statements (continued)

17. Reinsurance

We reinsure certain risks with other companies and assume risk from other companies. We remain primarily liable to policyholders under ceded insurance contracts and are contingently liable for amounts recoverable from reinsurers in the event that such reinsurers do not meet their contractual obligations. A summary of direct, assumed and ceded premiums earned for the years ended December 31,