SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Results

Our segment results were as follows for the three months ended March 31, 2024 and 2023:



			Insurance						CenterWell						Eliminations/ Corporate						Consolidated
Three months ended March 31, 2024			(in millions)
External revenues
Premiums:
Individual Medicare Advantage			$	22,448					$	—					$	—					$	22,448
Group Medicare Advantage			1,989						—						—						1,989
Medicare stand-alone PDP			821						—						—						821
Total Medicare			25,258						—						—						25,258
Commercial fully-insured			256						—						—						256
Specialty benefits			239						—						—						239
Medicare Supplement			197						—						—						197
State-based contracts and other			2,311						—						—						2,311
Total premiums			28,261						—						—						28,261
Services revenue:


Home solutions			—						335						—						335
Primary care			—						241						—						241
Commercial ASO			24						—						—						24
Military services and other			251						—						—						251
Pharmacy solutions			—						211						—						211
Total services revenue			275						787						—						1,062
Total external revenues			28,536						787						—						29,323
Intersegment revenues
Services			1						1,414						(1,415)						—
Products			—						2,617						(2,617)						—
Total intersegment revenues			1						4,031						(4,032)						—
Investment income			162						—						126						288
Total revenues			28,699						4,818						(3,906)						29,611
Operating expenses:
Benefits			25,251						—						(127)						25,124
Operating costs			2,364						4,483						(3,805)						3,042

Depreciation and amortization			186						53						(30)						209
Total operating expenses			27,801						4,536						(3,962)						28,375
Income from operations			898						282						56						1,236

Interest expense			—						1						158						159
Other expense, net			—						—						63						63
Income (loss) before income taxes and equity in net earnings			898						281						(165)						1,014
Equity in net losses			(2)						(22)						—						(24)
Segment earnings (loss)			$	896					$	259					$	(165)					$	990
Net loss attributable to noncontrolling interests			2						—						—						2
Segment earnings (loss) attributable to Humana			$	898					$	259					$	(165)					$	992



			Insurance						CenterWell						Eliminations/ Corporate						Consolidated
Three months ended March 31, 2023			(in millions)
External revenues
Premiums:
Individual Medicare Advantage			$	19,809					$	—					$	—					$	19,809
Group Medicare Advantage			1,765						—						—						1,765
Medicare stand-alone PDP			616						—						—						616
Total Medicare			22,190						—						—						22,190
Commercial fully-insured			1,018						—						—						1,018
Specialty benefits			254						—						—						254
Medicare Supplement			179						—						—						179
State-based contracts and other			1,909						—						—						1,909
Total premiums			25,550						—						—						25,550
Services revenue:


Home solutions			—						314						—						314
Primary care			—						201						—						201
Commercial ASO			71						—						—						71
Military services and other			171						—						—						171
Pharmacy solutions			—						242						—						242
Total services revenue			242						757						—						999
Total external revenues			25,792						757						—						26,549
Intersegment revenues
Services			14						1,133						(1,147)						—
Products			—						2,615						(2,615)						—
Total intersegment revenues			14						3,748						(3,762)						—
Investment income			97						—						96						193
Total revenues			25,903						4,505						(3,666)						26,742
Operating expenses:
Benefits			21,993						—						(135)						21,858
Operating costs			2,418						4,126						(3,565)						2,979

Depreciation and amortization			165						49						(28)						186
Total operating expenses			24,576						4,175						(3,728)						25,023
Income from operations			1,327						330						62						1,719

Interest expense			—						—						113						113
Other income, net			—						—						(8)						(8)
Income (loss) before income taxes and equity in net earnings			1,327						330						(43)						1,614
Equity in net losses			(3)						(14)						—						(17)
Segment earnings (loss)			$	1,324					$	316					$	(43)					$	1,597
Net loss attributable to noncontrolling interests			1						—						—						1
Segment earnings (loss) attributable to Humana			$	1,325					$	316					$	(43)					$	1,598