Company: ELV
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001156039-25-000114
Chunk: 29

Company: Elevance Health, Inc.
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 8
Chunk 29
---
Percentage of total assets at fair value15%82%3%100%Liabilities:Derivatives - other liabilities$—$(24)$—$(24)Total liabilities$—$(24)$—$(24)December 31, 2024Assets:Cash equivalents$3,199$—$—$3,199Fixed maturity securities, available-for-sale:United States Government securities—1,824—1,824Government sponsored securities—151—151Foreign government securities—17—17States, municipalities and political subdivisions, tax-exempt—3,052—3,052Corporate securities—13,8734313,916Residential mortgage-backed securities—3,041103,051Commercial mortgage-backed securities—1,748—1,748Other asset-backed securities—1,7307472,477Total fixed maturity securities, available-for-sale—25,43680026,236Equity securities:Exchange traded funds1,002——1,002Common equity securities8731—118Private equity securities——7272Total equity securities1,08931721,192Other invested assets - common equity securities18——18Securities lending collateral—2,306—2,306Derivatives - other assets—5—5Total assets$4,306$27,778$872$32,956Percentage of total assets at fair value13%84%3%100%Liabilities:Derivatives - other liabilities$—$(150)$—$(150)Total liabilities$—$(150)$—$(150)There were no individually material transfers into or out of Level III during the three and six months ended June 30, 2025 or 2024. There were no adjustments to quoted market prices obtained from the pricing services during the three and six months ended June 30, 2025 or 2024.

-21-

Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. As disclosed in Note 3, “Business Acquisitions and Divestitures,” we completed our acquisition of Centers and CareBridge in December 2024. The net assets acquired in our acquisitions of Centers and CareBridge and resulting goodwill and other intangible assets were recorded at fair value primarily using Level III inputs. The majority of tangible assets acquired and liabilities assumed were recorded at their carrying values as of the acquisition date, as their carrying values approx