Company: ELV
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001156039-25-000114
Chunk: 24

Company: Elevance Health, Inc.
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 8
Chunk 24
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2025 or December 31, 2024. In addition, during the three and  six months ended June 30, 2025, in the normal course of business, Mosaic provided care delivery and enablement services to Elevance Health subsidiaries amounting to $171 and $346, respectively, reported in benefit expense.In January 2023, we made an equity investment consisting of cash and a net put option in Liberty Dental, a joint venture with Welsh, Carson, Anderson & Stowe which engages in dental insurance and dental healthcare administration. The investment is accounted for as an equity method investment. In connection with our equity method investment in Liberty Dental, in December 2024 we entered into a commitment to provide funding in the form of mandatorily redeemable preferred equity shares in Liberty Dental of up to $250, of which $146 and $87 was disbursed as of June 30, 2025 and December 31, 2024, respectively. Mandatorily redeemable preferred equity in Liberty Dental of $118 and $87 is included in the caption “Other invested assets” in our consolidated balance sheets at June 30, 2025 and December 31, 2024, respectively. Dividend income recognized from the financing arrangement during the six months ended June 30, 2025 and the year ended December 31, 2024 was not material. During the three and  six months ended June 30, 2025, in the normal course of business, Liberty Dental provided services to our Medicare Advantage members under a capitated arrangement amounting to $146 and $292, respectively, reported in benefit expense.Investment Gains (Losses)Net investment gains (losses) for the three and six months ended June 30, 2025 and 2024 are as follows:Three Months Ended  June 30Six Months Ended  June 302025202420252024Net gains (losses):Fixed maturity securities:Gross realized gains from sales$22 $17 $49 $39 Gross realized losses from sales(62)(88)(144)(247)Impairment losses recognized in income(9)(3)(10)(4)Net realized losses from sales of fixed maturity securities(49)(74)(105)(212)Equity securities:Unrealized gains (losses) recognized on equity securities still held at the end of the period— (2)(6)1 Net realized losses recognized on equity securities sold during the