Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 172

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 172
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, 2024 and 2023 is as follows:Cost orAmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesAllowance For Credit LossesEstimatedFair Value 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 December 31, 2023Fixed maturity securities:United States Government securities$1,873 $25 $(54)$— $1,844 Government sponsored securities112 1 (3)— 110 Foreign government securities5 1 (2)— 4 States, municipalities and political subdivisions, tax-exempt3,985 69 (152)— 3,902 Corporate securities14,838 322 (580)(2)14,578 Residential mortgage-backed securities4,071 40 (279)— 3,832 Commercial mortgage-backed securities2,174 13 (138)(2)2,047 Other asset-backed securities4,278 25 (130)— 4,173 Total fixed maturity securities$31,336 $496 $(1,338)$(4)$30,490 Other asset-backed securities primarily consist of collateralized loan obligations and other debt securities.

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

For fixed maturity securities in an unrealized loss position at December 31, 2024 and 2023, 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 Number ofSecuritiesEstimatedFair ValueGross