Company: ELV
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001156039-25-000057
Chunk: 21

Company: Elevance Health, Inc.
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 8
Chunk 21
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 2024 is as follows:Cost or Amortized CostGrossUnrealizedGainsGrossUnrealizedLossesAllowance For Credit LossesEstimatedFair Value March 31, 2025Fixed maturity securities:United States Government securities$1,782 $15 $(38)$— $1,759 Government sponsored securities111 2 (3)— 110 Foreign government securities10 — — — 10 States, municipalities and political subdivisions, tax-exempt3,038 28 (115)— 2,951 Corporate securities14,007 243 (275)(4)13,971 Residential mortgage-backed securities3,502 25 (179)— 3,348 Commercial mortgage-backed securities1,962 18 (37)— 1,943 Other asset-backed securities2,471 36 (99)(3)2,405 Total fixed maturity securities$26,883 $367 $(746)$(7)$26,497 December 31, 2024Fixed maturity securities:United States Government securities$1,907 $2 $(85)$— $1,824 Government sponsored securities156 — (5)— 151 Foreign government securities19 — (2)— 17 States, municipalities and political subdivisions, tax-exempt3,142 33 (123)— 3,052 Corporate securities14,095 192 (367)(4)13,916 Residential mortgage-backed securities3,274 13 (236)— 3,051 Commercial mortgage-backed securities1,801 8 (60)(1)1,748 Other asset-backed securities2,534 36 (92)(1)2,477 Total fixed maturity securities$26,928 $284 $(970)$(6)$26,236 Other asset-backed securities primarily consist of collateralized loan obligations and other debt securities.

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For fixed maturity securities in an unrealized loss position at March 31, 2025 and December 31, 2024, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position: Less than 12 Months12 Months or Greater(Securities are whole amounts)Number ofSecuritiesEstimatedFair ValueGrossUnrealizedLossNumber ofSecuritiesEstimatedFair ValueG