Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1904

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1904
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Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Fair Value Measurements UsingQuoted Prices in Active Markets for Identical AssetsSignificantOtherObservableInputsNet Asset Value as a Practical ExpedientTarget AllocationActual AllocationAt December 31, 2023:(Level 1)(Level 2)(NAV)Total(in millions)Southern CompanyAssets:Equity:60 %61 %Domestic equity$85 $87 $— $172 International equity53 82 — 135 Fixed income:30 28 U.S. Treasury, government, and agency bonds— 57 — 57 Mortgage- and asset-backed securities— 2 — 2 Corporate bonds— 47 — 47 Pooled funds— 92 — 92 Cash equivalents and other21 2 — 23 Trust-owned life insurance— 456 — 456 Real estate investments11 — 46 57 4 6 Special situations— — 6 6 1 1 Private equity— — 48 48 3 4 Private credit— — 1 1 1 — Infrastructure— — — — 1 — Total$170 $825 $101 $1,096 100 %100 %Alabama PowerAssets:Equity:67 %66 %Domestic equity$16 $6 $— $22 International equity16 9 — 25 Fixed income:23 23 U.S. Treasury, government, and agency bonds— 16 — 16 Corporate bonds— 14 — 14 Pooled funds— 8 — 8 Cash equivalents and other3 — — 3 Trust-owned life insurance— 280 — 280 Real estate investments3 — 14 17 4 6 Special situations— — 2 2 1 1 Private equity— — 15 15 3 4 Private credit— — — — 1 — Infrastructure— — — — 1 — Total$38 $333 $31 $402 100 %100 %

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES