Company: ELV
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001156039-25-000057
Chunk: 22

Company: Elevance Health, Inc.
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 8
Chunk 22
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rossUnrealizedLossMarch 31, 2025Fixed maturity securities:United States Government securities31 $614 $(18)18$282 $(20)Government sponsored securities3 21 (1)3437 (2)Foreign government securities1 6 — 21 — States, municipalities and political subdivisions, tax-exempt471 1,026 (25)618864 (90)Corporate securities1,168 3,231 (64)1,2182,290 (211)Residential mortgage-backed securities186 622 (6)1,2721,223 (173)Commercial mortgage-backed securities108 457 (5)255618 (32)Other asset-backed securities110 265 (7)212656 (92)Total fixed maturity securities2,078 $6,242 $(126)3,629$5,971 $(620)December 31, 2024Fixed maturity securities:United States Government securities40 $1,240 $(52)25 $330 $(33)Government sponsored securities10 89 (2)3642 (3)Foreign government securities2 15 (1)22 (1)States, municipalities and political subdivisions, tax-exempt5271,092 (22)661943 (101)Corporate securities1,4154,717 (92)1,3172,645 (275)Residential mortgage-backed securities3061,097 (25)1,3121,291 (211)Commercial mortgage-backed securities136670 (15)297661 (45)Other asset-backed securities123293 (9)236735 (83)Total fixed maturity securities2,559 $9,213 $(218)3,886$6,649 $(752)

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Unrealized losses on our securities shown in the table above have not been recognized into income because, as of March 31, 2025, we do not intend to sell these investments and it is likely that we will not be required to sell these investments prior to their anticipated recovery. The declines in fair values are largely due to elevated interest rates driven by the higher rate of inflation and other market conditions.Allowances for credit losses have been recorded in the amount of $7 and $6 at March 31, 2025 and December 31, 2024, respectively, for declines in fair value