Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000106
Chunk: 2

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 2
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 performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

#### Supplemental Schedules Required by ERISA
The accompanying supplemental schedules of assets (held at end of year) as of December 31, 2024, and delinquent participant contributions for the year then ended (referred to as the “supplemental schedules”), have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The information in the supplemental schedules is the responsibility of the Plan’s management. Our audit procedures included determining whether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the information, we evaluated whether such information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Ernst & Young LLP

We have served as the Plan’s auditor since 2024.

Indianapolis, Indiana

June 24, 2025

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#### Elevance Health Puerto Rico Retirement Plan

#### Statements of Net Assets Available for Benefits
| Assets                                 
 Investments:                           |     | December 31 
 2024        |            |     | 2023 |            |
|:---------------------------------------|:----|:------------|-----------:|:----|:-----|-----------:|
| Investments at fair value              |     | $           | 92,579,724 |     | $    |          — |
| Plan's interest in Master Trust        |     |             |  1,476,972 |     |      |          — |
| Total investments                      |     |             | 94,056,696 |     |      |          — |
| Receivables:                           |     |             |            |     |      |            |
| Notes rece