v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Data by Reportable Segment
Financial data by reportable segment for the three and six months ended June 30, 2026 and 2025 is as follows:
Carelon
Health
Benefits		CarelonRxCarelon
Services		TotalCorporate
& Other		EliminationsTotal
Three Months Ended June 30, 2026
Premiums$40,647 $— $833 $833 $— $(201)$41,279 
Product revenue— 6,264 — 6,264 — — 6,264 
Service fees2,073 3 207 210 — — 2,283 
Operating revenue - unaffiliated42,720 6,267 1,040 7,307 — (201)49,826 
Operating revenue - affiliated— 4,983 6,935 11,918 6 (11,924)— 
Operating revenue - total$42,720 $11,250 $7,975 $19,225 $6 $(12,125)$49,826 
Benefit expense
$36,739 $— $6,743 $6,743 $6 $(6,464)$37,024 
Cost of products sold
— 10,473 — 10,473 — (4,981)5,492 
Operating expense
5,085 195 866 1,061 81 (680)5,547 
Operating gain (loss)$896 $582 $366 $948 $(81)$— $1,763 
Three Months Ended June 30, 2025
Premiums$39,710 $— $1,863 $1,863 $— $(302)$41,271 
Product revenue— 6,042 — 6,042 — — 6,042 
Service fees1,872 4 232 236 — — 2,108 
Operating revenue - unaffiliated41,582 6,046 2,095 8,141 — (302)49,421 
Operating revenue - affiliated— 4,597 5,346 9,943 232 (10,175)— 
Operating revenue - total$41,582 $10,643 $7,441 $18,084 $232 $(10,477)$49,421 
Benefit expense
$35,487 $— $6,290 $6,290 $8 $(5,079)$36,706 
Cost of products sold
— 9,884 — 9,884 — (4,591)5,293 
Operating expense
4,535 223 751 974 295 (807)4,997 
Operating gain (loss)$1,560 $536 $400 $936 $(71)$— $2,425 
Carelon
Health
Benefits		CarelonRxCarelon
Services		TotalCorporate
& Other		EliminationsTotal
Six Months Ended June 30, 2026
Premiums$81,099 $— $1,612 $1,612 $— $(408)$82,303 
Product revenue— 12,489 — 12,489 — — 12,489 
Service fees4,111 7 410 417 — — 4,528 
Operating revenue - unaffiliated85,210 12,496 2,022 14,518 — (408)99,320 
Operating revenue - affiliated— 9,354 13,318 22,672 10 (22,682)— 
Operating revenue - total$85,210 $21,850 $15,340 $37,190 $10 $(23,090)$99,320 
Benefit expense
$72,192 $— $12,829 $12,829 $15 $(12,397)$72,639 
Cost of products sold
— 20,303 — 20,303 — (9,348)10,955 
Operating expense
9,965 383 1,675 2,058 1,199 (1,345)11,877 
Operating gain (loss)$3,053 $1,164 $836 $2,000 $(1,204)$— $3,849 
Six Months Ended June 30, 2025
Premiums$79,298 $— $3,363 $3,363 $— $(503)$82,158 
Product revenue— 11,851 — 11,851 — — 11,851 
Service fees3,715 7 455 462 — — 4,177 
Operating revenue - unaffiliated83,013 11,858 3,818 15,676 — (503)98,186 
Operating revenue - affiliated— 8,901 10,159 19,060 397 (19,457)— 
Operating revenue - total$83,013 $20,759 $13,977 $34,736 $397 $(19,960)$98,186 
Benefit expense
$69,880 $— $11,609 $11,609 $18 $(9,489)$72,018 
Cost of products sold
— 19,168 — 19,168 — (8,892)10,276 
Operating expense
9,356 453 1,477 1,930 590 (1,579)10,297 
Operating gain (loss)$3,777 $1,138 $891 $2,029 $(211)$— $5,595 
Schedule of Reconciliation of Reportable Segments Operating Revenues to Total Revenues Reported in the Consolidated Statements of Income
A reconciliation of reportable segments’ operating revenue to the amounts of total revenues included in our consolidated statements of income for the three and six months ended June 30, 2026 and 2025 is as follows:
 Three Months Ended 
 June 30		Six Months Ended 
 June 30
 2026202520262025
Reportable segments’ operating revenue$49,826 $49,421 $99,320 $98,186 
Net investment income704 486 1,469 1,076 
Net losses on financial instruments(56)(131)(134)(595)
Total revenues$50,474 $49,776 $100,655 $98,667 
Schedule of Reconciliation of Income Before Income Tax Expense to Reportable Segments Operating Gain Included in the Consolidated Statements of Income
A reconciliation of reportable segments' operating gain to income before income tax expense included in our consolidated statements of income for the three and six months ended June 30, 2026 and 2025 is as follows:
 Three Months Ended 
 June 30		Six Months Ended 
 June 30
 2026202520262025
Income before income tax expense$1,937 $2,292 $4,241 $5,089 
Net investment income(704)(486)(1,469)(1,076)
Net losses on financial instruments56 131 134 595 
Interest expense364 341 721 685 
Amortization of other intangible assets110 147 222 302 
Reportable segments’ operating gain$1,763 $2,425 $3,849 $5,595