Company: HUM
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000049071-25-000007
Chunk: 33

Company: HUMANA INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 33
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 to call or prepay obligations with or without call or prepayment penalties.AmortizedCostFairValue (in millions)Due within one year$1,070 $1,067 Due after one year through five years5,565 5,395 Due after five years through ten years4,292 3,978 Due after ten years1,287 1,069 Mortgage and asset-backed securities7,804 7,126 Total debt securities$20,018 $18,635 

88

Humana Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

6. FAIR VALUE

Financial AssetsThe following table summarizes our fair value measurements at December 31, 2024 and 2023, respectively, for financial assets measured at fair value on a recurring basis:  Fair Value Measurements Using Fair ValueQuoted Pricesin ActiveMarkets(Level 1)OtherObservableInputs(Level 2)UnobservableInputs(Level 3) (in millions)December 31, 2024Cash equivalents$2,048 $2,048 $— $— Debt securities:U.S. Treasury and other U.S. government corporations and agencies:U.S. Treasury and agency obligations3,227 — 3,227 — Mortgage-backed securities3,995 — 3,995 — Tax-exempt municipal securities526 — 526 — Mortgage-backed securities:Residential522 — 522 — Commercial1,206 — 1,199 7 Asset-backed securities1,403 — 1,330 73 Corporate debt securities7,756 — 7,514 242 Total debt securities18,635 — 18,313 322 Securities lending invested collateral 418 418 — — Total invested assets$21,101 $2,466 $18,313 $322 December 31, 2023Cash equivalents$4,582 $4,582 $— $— Debt securities:U.S. Treasury and other U.S. government corporations and agencies:U.S. Treasury and agency obligations2,667 — 2,667 — Mortgage-backed securities3,522 — 3,522 — Tax-exempt municipal securities858 — 858 — Mortgage-backed securities:Res