Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 199

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 199
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 projected benefit obligations in excess of plan assets. Such plans had projected benefit obligation and fair value of plan assets of $38 and $0, respectively.

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

The following table represents the significant weighted-average actuarial assumptions for all plans: Pension BenefitsOther Benefits 2024202320242023Benefit ObligationDiscount rate5.47 %4.91 %5.34 %4.83 %Interest Crediting rate4.50 %4.50 %4.36 %4.50 %The following table represents the significant weighted-average actuarial assumptions for all plans:202420232022Net Periodic Benefit CostPension BenefitsDiscount rate4.91 %5.18 %2.70 %Expected rate of return on plan assets6.47 %6.58 %5.02 %Interest crediting rate4.50 %4.25 %3.82 %Other BenefitsDiscount rate4.83 %5.12 %2.49 %Expected rate of return on plan assets6.64 %6.57 %6.43 %Interest crediting rate4.50 %3.89 %1.56 %    The assumed healthcare cost trend rates used to measure the expected cost of pre-Medicare (those who are not currently eligible for Medicare benefits) benefits at December 31, 2024 was 8.00% for 2025, with a gradual decline to 4.50% by the year 2035. The assumed healthcare cost trend rates used to measure the expected medical and pharmacy cost of post-Medicare (those who are currently eligible for Medicare benefits) benefits at December 31, 2024 was 5.50% and 10.00% for 2025, respectively, both with a gradual decline to 4.50% by the year 2035. These estimated trend rates are subject to change in the future.Plan assets include a diversified mix of equity securities, investment grade fixed maturity securities and other types of investments across a range of sectors and levels of capitalization to maximize long-term return for a prudent level of risk. The weighted-average target allocation for pension benefit plan assets is 35% equity securities, 63% fixed maturity securities, and 2% to all other types of investments. Equity securities primarily