Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 202

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 202
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— Daily2 daysCommingled fund:Pension benefit assets69 84 Other benefit assets1 2 Total commingled fund70 86 — 1st & 15th of the month7 business daysPartnership investments61 70 1 Not ApplicableNot ApplicableTotal alternative investments$552 $511 $1 A reconciliation of the beginning and ending balances of plan assets measured at fair value using Level III inputs for the years ended December 31, 2024, 2023 and 2022 is as follows:InsuranceCompanyContractsLifeInsuranceContractsTotalYear ended December 31, 2024Beginning balance at January 1, 2024$143 $289 $432 Actual return on plan assets relating to assets still held at the reporting date3 28 31 Purchases6 — 6 Sales(9)(16)(25)Ending balance at December 31, 2024$143 $301 $444 Year ended December 31, 2023Beginning balance at January 1, 2023$154 $270 $424 Actual return on plan assets relating to assets still held at the reporting date3 37 40 Purchases6 — 6 Sales(20)(18)(38)Ending balance at December 31, 2023$143 $289 $432 Year ended December 31, 2022Beginning balance at January 1, 2022$179 $338 $517 Actual return on plan assets relating to assets still held at the reporting date(22)(53)(75)Purchases9 — 9 Sales(12)(15)(27)Ending balance at December 31, 2022$154 $270 $424 There were no transfers into or out of Level III during the years ended December 31, 2024, 2023 or 2022.

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

In addition to the defined benefit plans, we maintain the Elevance Health 401(k) Plan, which is a qualified defined contribution plan covering substantially all employees. Voluntary employee contributions are matched by us subject to certain limitations. Contributions made by us totaled $314, $316 and $275 during 2024, 2023 and 2022, respectively.

12. Medical Claims Payable

A reconciliation of the beginning and ending balances for medical