Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 173

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 173
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UnrealizedLossNumber ofSecuritiesEstimatedFair ValueGrossUnrealizedLoss(Securities are whole amounts)      December 31, 2024Fixed maturity securities:United States Government securities40$1,240 $(52)25$330 $(33)Government sponsored securities1089 (2)3642 (3)Foreign government securities215 (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)December 31, 2023Fixed maturity securities:United States Government securities35 $552 $(9)44 $370 $(45)Government sponsored securities— — — 40 52 (3)Foreign government securities— — — 2 4 (2)States, municipalities and political subdivisions, tax-exempt203 354 (2)1,034 1,811 (150)Corporate securities389 608 (15)2,624 6,871 (565)Residential mortgage-backed securities183 438 (5)1,620 2,075 (274)Commercial mortgage-backed securities112 353 (6)534 1,317 (132)Other asset-backed securities110 394 (18)761 2,342 (112)Total fixed maturity securities1,032 $2,699 $(55)6,659 $14,842 $(1,283)Unrealized losses on our securities shown in the table above have not been recognized into income because, as of December 31, 2024, 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 increasing interest rates driven by the higher rate of inflation and other market conditions.Allowances for credit losses have been recorded in the amounts