v3.26.1
Employee Benefit Plan, Master Trust (Tables) - EBP 005 - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
EBP, Master Trust [Line Items]    
EBP, Master Trust - Text Block
3. Plan's Interest in EH Master Trust
The Elevance Health Defined Contribution Master Trust was established on January 1, 2024 pursuant to a trust agreement between the Plan Administrator and Fidelity in order to facilitate the administration of transactions in the Elevance Health Stock Fund and a stable value collective investment trust fund offered in both this Plan and the Elevance Health 401(k) Plan (together, the "Participating Plans"). Each Participating Plan has a divided interest in specific investment assets held in the EH Master Trust.
A summary of the net assets of the EH Master Trust and the Plan's interest in the net assets of the EH Master Trust as of December 31, 2025 is as follows:
20252024
EH Master Trust Balances
Plan's Interest in EH Master Trust Balances
EH Master Trust Balances
Plan's Interest in EH Master Trust Balances
Investments at fair value
Collective investment trusts$12,095,039,709 $1,571,637 $10,874,772,817 $1,436,468 
Elevance Health common stock352,309,761 115,007 408,045,086 40,155 
Mutual funds302,657,683 1,004 329,248,156 352 
Self-directed brokerage accounts316,803,497 — 250,803,504 — 
Total investments at fair value
13,066,810,650 1,687,648 11,862,869,563 1,476,975 
Other assets (liabilities)(64,169)(21)(37,723)(3)
Total net assets$13,066,746,481 $1,687,627 $11,862,831,840 $1,476,972 
During the year ended December 31, 2025, the EH Master Trust net investment income was comprised of the following:
2025
EH Master Trust Balances
Net appreciation in fair value of investments$1,774,360,282 
Interest and dividends43,516,628 
Total EH Master Trust net investment income
$1,817,876,910 
 
EBP, Master Trust - Table Text Block
A summary of the net assets of the EH Master Trust and the Plan's interest in the net assets of the EH Master Trust as of December 31, 2025 is as follows:
20252024
EH Master Trust Balances
Plan's Interest in EH Master Trust Balances
EH Master Trust Balances
Plan's Interest in EH Master Trust Balances
Investments at fair value
Collective investment trusts$12,095,039,709 $1,571,637 $10,874,772,817 $1,436,468 
Elevance Health common stock352,309,761 115,007 408,045,086 40,155 
Mutual funds302,657,683 1,004 329,248,156 352 
Self-directed brokerage accounts316,803,497 — 250,803,504 — 
Total investments at fair value
13,066,810,650 1,687,648 11,862,869,563 1,476,975 
Other assets (liabilities)(64,169)(21)(37,723)(3)
Total net assets$13,066,746,481 $1,687,627 $11,862,831,840 $1,476,972 
During the year ended December 31, 2025, the EH Master Trust net investment income was comprised of the following:
2025
EH Master Trust Balances
Net appreciation in fair value of investments$1,774,360,282 
Interest and dividends43,516,628 
Total EH Master Trust net investment income
$1,817,876,910 
 
Total investments at fair value $ 126,688,083 $ 94,056,696
Net appreciation in fair value of investments 15,532,250  
Interest and dividend income 3,280,954  
EBP, Nonconsolidated, Master Trust    
EBP, Master Trust [Line Items]    
Total investments at fair value 13,066,810,650 11,862,869,563
Other assets (liabilities) (64,169) (37,723)
EBP, Net Asset Available for Benefits, Master Trust Total 13,066,746,481 11,862,831,840
Net appreciation in fair value of investments 1,774,360,282  
Interest and dividend income 43,516,628  
Total investment income 1,817,876,910  
EBP, Nonconsolidated, Master Trust | Common Collective Trust    
EBP, Master Trust [Line Items]    
Total investments at fair value 12,095,039,709 10,874,772,817
EBP, Nonconsolidated, Master Trust | EBP, Employer, Common Stock    
EBP, Master Trust [Line Items]    
Total investments at fair value 352,309,761 408,045,086
EBP, Nonconsolidated, Master Trust | Mutual Fund    
EBP, Master Trust [Line Items]    
Total investments at fair value 302,657,683 329,248,156
EBP, Nonconsolidated, Master Trust | EBP, Self-Directed Brokerage Account    
EBP, Master Trust [Line Items]    
Total investments at fair value 316,803,497 250,803,504
EBP, Nonconsolidated, Plan Interest in Master Trust    
EBP, Master Trust [Line Items]    
Total investments at fair value 1,687,648 1,476,975
Other assets (liabilities) (21) (3)
EBP, Net Asset Available for Benefits, Master Trust Total 1,687,627 1,476,972
EBP, Nonconsolidated, Plan Interest in Master Trust | Common Collective Trust    
EBP, Master Trust [Line Items]    
Total investments at fair value 1,571,637 1,436,468
EBP, Nonconsolidated, Plan Interest in Master Trust | EBP, Employer, Common Stock    
EBP, Master Trust [Line Items]    
Total investments at fair value 115,007 40,155
EBP, Nonconsolidated, Plan Interest in Master Trust | Mutual Fund    
EBP, Master Trust [Line Items]    
Total investments at fair value 1,004 352
EBP, Nonconsolidated, Plan Interest in Master Trust | EBP, Self-Directed Brokerage Account    
EBP, Master Trust [Line Items]    
Total investments at fair value $ 0 $ 0