v3.26.1
Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Operating Segment Information
Three Months Ended June 30, 2026
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$8,049 $1,565 $628 $2 $10,244 
Service revenue— — — 24 24 
Revenue from external customers8,049 1,565 628 26 10,268 
Other operating revenues (1)
606 
Total revenue10,874 
Operating Expenses:
Medical care costs7,464 1,419 559 (2)9,440 
Cost of service revenue— — — 22 22 
Segment expenses7,464 1,419 559 20 9,462 
Other operating expenses (2)
1,267 
Operating income145 
Less: interest expense54 
Income before income tax expense$91 
Segment Margin:
Medical margin$585 $146 $69 $4 $804 
Service margin— — — 2 2 
Three Months Ended June 30, 2025
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$8,029 $1,608 $1,200 $31 $10,868 
Service revenue— — — 22 22 
Revenue from external customers8,029 1,608 1,200 53 10,890 
Other operating revenues (1)
537 
Total revenue11,427 
Operating Expenses:
Medical care costs7,332 1,447 1,025 25 9,829 
Cost of service revenue— — — 19 19 
Segment expenses7,332 1,447 1,025 44 9,848 
Other operating expenses (2)
1,206 
Operating income373 
Less: interest expense48 
Income before income tax expense$325 
Segment Margin:
Medical margin$697 $161 $175 $6 $1,039 
Service margin— — — 3 3 
Six Months Ended June 30, 2026
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$15,976 $3,082 $1,352 $6 $20,416 
Service revenue— — — 46 46 
Revenue from external customers15,976 3,082 1,352 52 20,462 
Other operating revenues (1)
1,208 
Total revenue21,670 
Operating Expenses:
Medical care costs14,760 2,782 1,167 1 18,710 
Cost of service revenue— — — 43 43 
Segment expenses14,760 2,782 1,167 44 18,753 
Other operating expenses (2)
2,689 
Operating income228 
Less: interest expense108 
Income before income tax expense$120 
Segment Margin:
Medical margin$1,216 $300 $185 $5 $1,706 
Service margin— — — 3 3 
Six Months Ended June 30, 2025
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$16,159 $3,076 $2,204 $57 $21,496 
Service revenue— — — 44 44 
Revenue from external customers16,159 3,076 2,204 101 21,540 
Other operating revenues (1)
1,034 
Total revenue22,574 
Operating Expenses:
Medical care costs14,671 2,743 1,846 48 19,308 
Cost of service revenue— — — 38 38 
Segment expenses14,671 2,743 1,846 86 19,346 
Other operating expenses (2)
2,422 
Operating income806 
Less: interest expense91 
Income before income tax expense$715 
Segment Margin:
Medical margin$1,488 $333 $358 $9 $2,188 
Service margin— — — 6 6 
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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.