Company: ELV
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001156039-25-000114
Chunk: 42

Company: Elevance Health, Inc.
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 8
Chunk 42
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 any time. Repurchases may be made from time to time at prevailing market prices, subject to certain restrictions on volume, pricing and timing. The repurchases are effected from time to time in the open market, through negotiated transactions, including accelerated share repurchase agreements, and through plans designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Our stock repurchase program is discretionary, as we are under no obligation to repurchase shares. We repurchase shares under the program when we believe it is a prudent use of capital. The excess cost of the repurchased shares over par value is charged on a pro rata basis to additional paid-in capital and retained earnings.

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A summary of common stock repurchases for the six months ended June 30, 2025 and 2024 is as follows:Six Months Ended June 30 20252024Shares repurchased3.2 2.0 Average price per share$399.97 $506.55 Aggregate cost$1,259 $1,029 Authorization remaining at the end of the period$8,041 $3,171 We expect to utilize the remaining authorized amount over a multi-year period, subject to market and industry conditions. For additional information regarding the use of capital for debt security repurchases, see Note 10, “Debt,” included in this Quarterly Report on Form 10-Q and Note 13, “Debt,” to our audited consolidated financial statements as of and for the year ended December 31, 2024 included in Part II, Item 8 of our 2024 Annual Report on Form 10-K.

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13.     Accumulated Other Comprehensive (Loss) Income 

A reconciliation of the components of accumulated other comprehensive (loss) income at June 30, 2025 and 2024 is as follows:Three Months EndedJune 30Six Months EndedJune 302025202420252024Net unrealized investment (losses) gains:Beginning of period balance$(289)$(688)$(523)$(632)Other comprehensive income (loss) before reclassifications, net of tax (expense) benefit of ($33), $26, ($93), and $75, respectively111 (82)303 (245)Amounts reclassified from accumulated other comprehensive income, net of tax expense of ($12), ($17), ($25) and ($49), respectively37 56 80 163