v3.26.1
Segments (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Operating Segment Information
Three Months Ended March 31, 2026
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$7,927 $1,517 $724 $$10,172 
Service revenue— — — 22 22 
Revenue from external customers7,927 1,517 724 26 10,194 
Other operating revenues (1)
602 
Total revenue10,796 
Operating Expenses:
Medical care costs7,296 1,363 608 9,270 
Cost of service revenue— — — 21 21 
Segment expenses7,296 1,363 608 24 9,291 
Other operating expenses (2)
1,422 
Operating income83 
Less: interest expense54 
Income before income tax expense$29 
Segment Margin:
Medical margin$631 $154 $116 $$902 
Service margin— — — 
Three Months Ended March 31, 2025
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$8,130 $1,468 $1,004 $26 $10,628 
Service revenue— — — 22 22 
Revenue from external customers8,130 1,468 1,004 48 10,650 
Other operating revenues (1)
497 
Total revenue11,147 
Operating Expenses:
Medical care costs7,339 1,296 821 23 9,479 
Cost of service revenue— — — 19 19 
Segment expenses7,339 1,296 821 42 9,498 
Other operating expenses (2)
1,216 
Operating income433 
Less: interest expense43 
Income before income tax expense$390 
Segment Margin:
Medical margin$791 $172 $183 $$1,149 
Service margin— — — 
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(1)Other operating revenues include premium tax revenue, investment income, and certain other revenue.
(2)Other operating expenses include general and administrative expenses, premium tax expenses, depreciation and amortization, impairment, and certain other operating expenses.