Company: ELV
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001156039-25-000057
Chunk: 28

Company: Elevance Health, Inc.
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 8
Chunk 28
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 value of $396  which is included under the caption “Other noncurrent liabilities” in our consolidated balance sheets as of March 31, 2025. The change in value was recognized through net losses on financial instruments in our consolidated statement of income.For additional information relating to the fair value of our derivative assets and liabilities, see Note 7, “Fair Value,” included in this Quarterly Report on Form 10-Q.

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7.    Fair Value

Assets and liabilities recorded at fair value in our consolidated balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair value. These assets and liabilities are classified into one of three levels of hierarchy defined by GAAP.For a description of the methods and assumptions that are used to estimate and determine the fair value hierarchy classification for each class of financial instruments, see Note 7, “Fair Value,” 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.A summary of fair value measurements by level for assets and liabilities measured at fair value on a recurring basis at March 31, 2025 and December 31, 2024 is as follows:

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Level ILevel IILevel IIITotalMarch 31, 2025Assets:Cash equivalents$3,489$—$—$3,489Fixed maturity securities, available-for-sale:United States Government securities—1,759—1,759Government sponsored securities—110—110Foreign government securities—10—10States, municipalities and political subdivisions, tax-exempt—2,951—2,951Corporate securities—13,85611513,971Residential mortgage-backed securities—3,348—3,348Commercial mortgage-backed securities—1,943—1,943Other asset-backed securities—1,6028032,405Total fixed maturity securities, available-for-sale—25,57991826,497Equity securities:Exchange traded funds621——621Common equity securities230—32Private equity securities——6262Total equity securities6233062715Other invested assets - common equity securities8——8Securities lending collateral—2,597—2,597Derivatives - other assets—32—32Total assets$4,120$28,238$980$33,338Percentage of total assets at fair value12%85%3%100%Liabilities:Derivatives - other