Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 200

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 200
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 include a mix of domestic securities, foreign securities and mutual funds invested in equities. Fixed maturity securities primarily include corporate bonds, treasury securities and asset-backed investments issued by corporations and the U.S. government. Other types of investments include insurance contracts designed specifically for employee benefit plans, an investment in a DOL 103-12 trust and certain alternative investments.As of December 31, 2024, there were no significant concentrations of investments in the pension benefit assets or other benefit assets. No plan assets were invested in Elevance Health common stock.Pension benefit assets and other benefit assets recorded at fair value are categorized based upon the level of judgment associated with the inputs used to measure their fair value. In accordance with FASB guidance, certain alternative investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented are intended to permit reconciliation of the fair value hierarchy to the total plan assets.The fair values of our pension benefit assets and other benefit assets by asset category and level inputs at December 31, 2024, excluding cash, investment income receivable and amounts due to/from brokers of $30, and excluding estimated claims settlements to be paid from other benefit assets of $(19), are as follows (see Note 7, “Fair Value,” for additional information regarding the definition of level inputs):

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Elevance Health, Inc.Notes to Consolidated Financial Statements (continued)

Level ILevel IILevel IIITotalDecember 31, 2024Pension Benefit Assets:Cash equivalents$6 $— $— $6 Equity securities:U.S. securities307 — — 307 Foreign securities71 — — 71 Mutual funds44 — — 44 Fixed maturity securities:Government securities— 78 — 78 Corporate securities— 539 — 539 Asset-backed securities— 3 — 3 Other types of investments:Insurance company contracts— — 143 143 Total pension benefit assets at fair value$428 $620 $143 1,191 Alternative investments543 Total pension benefit assets$1,734 Other Benefit Assets:Equity securities:U.S. securities$7 $— $— $7 Foreign securities2 — — 2 Mutual funds16 — — 16 Other types of investments: