
	Three Months Ended September 30, 2025
	Medicaid		Medicare		Marketplace		Other		Total

	(In millions)
Revenue:
Premium revenue	$	8,015	$	1,610	$	1,197	$	19	$	10,841
Service revenue	—		—		—		21		21
Revenue from external customers	8,015		1,610		1,197		40		10,862
Other operating revenues (1)									615
Total revenue									11,477
Operating Expenses:
Medical care costs	7,376		1,507		1,144		17		10,044
Cost of service revenue	—		—		—		20		20
Segment expenses	7,376		1,507		1,144		37		10,064
Other operating expenses (2)									1,276
Operating income									137
Less: interest expense									49
Income before income tax expense									$	88
Segment Margin:
Medical margin	$	639	$	103	$	53	$	2	$	797
Service margin	—		—		—		1		1


	Three Months Ended September 30, 2024
	Medicaid		Medicare		Marketplace		Other		Total

	(In millions)
Revenue:
Premium revenue	$	7,668	$	1,367	$	659	$	—	$	9,694
Service revenue	—		—		—		20		20
Revenue from external customers	7,668		1,367		659		20		9,714
Other operating revenues (1)									626
Total revenue									10,340
Operating Expenses:
Medical care costs	6,938		1,225		480		—		8,643
Cost of service revenue	—		—		—		19		19
Segment expenses	6,938		1,225		480		19		8,662
Other operating expenses (2)									1,211
Operating income									467
Less: interest expense									29
Income before income tax expense									$	438
Segment Margin:
Medical margin	$	730	$	142	$	179	$	—	$	1,051
Service margin	—		—		—		1		1


	Nine Months Ended September 30, 2025
	Medicaid		Medicare		Marketplace		Other		Total

	(In millions)
Revenue:
Premium revenue	$	24,174	$	4,686	$	3,401	$	76	$	32,337
Service revenue	—		—		—		65		65
Revenue from external customers	24,174		4,686		3,401		141		32,402
Other operating revenues (1)									1,649
Total revenue									34,051
Operating Expenses:
Medical care costs	22,047		4,250		2,990		65		29,352
Cost of service revenue	—		—		—		58		58
Segment expenses	22,047		4,250		2,990		123		29,410
Other operating expenses (2)									3,698
Operating income									943
Less: interest expense									140
Income before income tax expense									$	803
Segment Margin:
Medical margin	$	2,127	$	436	$	411	$	11	$	2,985
Service margin	—		—		—		7		7


	Nine Months Ended September 30, 2024
	Medicaid		Medicare		Marketplace		Other		Total

	(In millions)
Revenue:
Premium revenue	$	22,538	$	4,250	$	1,856	$	—	$	28,644
Service revenue	—		—		—		60		60
Revenue from external customers	22,538		4,250		1,856		60		28,704
Other operating revenues (1)									1,447
Total revenue									30,151
Operating Expenses:
Medical care costs	20,350		3,728		1,347		—		25,425
Cost of service revenue	—		—		—		55		55
Segment expenses	20,350		3,728		1,347		55		25,480
Other operating expenses (2)									3,344
Operating income									1,327
Less: interest expense									84
Income before income tax expense									$	1,243
Segment Margin:
Medical margin	$	2,188	$	522	$	509	$	—	$	3,219
Service margin	—		—		—		5		5

(2)Other operating expenses include general and administrative expenses, premium tax expenses, depreciation and amortization, and certain other operating expenses.