Elevance Health Inc
For the period ended Jun 30, 2024. Filed Jul 17, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 17, 2024
ELV$425.62-1.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023
Consolidated Balance Sheets
| June 30,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| (In millions, except share and per share data) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $6,497 | $6,526 |
| Fixed maturity securities (amortized cost of $29,834 and $30,446; allowance for credit losses of $4 and $4) | 28,900 | 29,614 |
| Equity securities | 594 | 229 |
| Premium receivables | 8,040 | 7,902 |
| Self-funded receivables | 5,297 | 4,558 |
| Other receivables | 5,881 | 5,405 |
| Other current assets | 6,464 | 5,795 |
| Assets held for sale | 601 | — |
| Total current assets | 62,274 | 60,029 |
| Long-term investments: | ||
| Fixed maturity securities (amortized cost of $867 and $890; allowance for credit losses of $0 and $0) | 849 | 876 |
| Other invested assets | 6,810 | 6,107 |
| Property and equipment, net | 4,450 | 4,359 |
| Goodwill | 25,962 | 25,317 |
| Other intangible assets | 10,447 | 10,273 |
| Other noncurrent assets | 2,196 | 1,967 |
| Total assets | $112,988 | $108,928 |
| Liabilities and equity | ||
| Liabilities | ||
| Current liabilities: | ||
| Medical claims payable | $15,204 | $16,111 |
| Other policyholder liabilities | 4,939 | 5,600 |
| Unearned income | 1,481 | 1,402 |
| Accounts payable and accrued expenses | 5,760 | 6,910 |
| Short-term borrowings | 225 | 225 |
| Current portion of long-term debt | 2,900 | 1,649 |
| Other current liabilities | 11,139 | 9,894 |
| Liabilities held for sale | 165 | — |
| Total current liabilities | 41,813 | 41,791 |
| Long-term debt, less current portion | 24,561 | 23,246 |
| Reserves for future policy benefits | 295 | 778 |
| Deferred tax liabilities, net | 2,037 | 1,970 |
| Other noncurrent liabilities | 1,985 | 1,738 |
| Total liabilities | 70,691 | 69,523 |
| Shareholders’ equity | ||
| Preferred stock, without par value, shares authorized – 100,000,000; shares issued and outstanding – none | — | — |
| Common stock, par value $0.01, shares authorized – 900,000,000; shares issued and outstanding – 231,902,075 and 233,071,088 | 2 | 2 |
| Additional paid-in capital | 9,001 | 8,868 |
| Retained earnings | 34,575 | 31,749 |
| Accumulated other comprehensive loss | (1,387) | (1,313) |
| Total shareholders’ equity | 42,191 | 39,306 |
| Noncontrolling interests | 106 | 99 |
| Total equity | 42,297 | 39,405 |
| Total liabilities and equity | $112,988 | $108,928 |
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