v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Data by Reportable Segment
Financial data by reportable segment for the three and nine months ended September 30, 2026 and 2025 is as follows:
Carelon
Health
Benefits		CarelonRxCarelon
Services		TotalCorporate
& Other		EliminationsTotal
Three Months Ended September 30, 2026
Premiums$41,282 $— $669 $669 $— $(247)$41,704 
Product revenue— 6,454 — 6,454 — — 6,454 
Service fees2,075 1 206 207 — — 2,282 
Operating revenue - unaffiliated43,357 6,455 875 7,330 — (247)50,440 
Operating revenue - affiliated— 5,144 6,833 11,977 6 (11,983)— 
Operating revenue - total$43,357 $11,599 $7,708 $19,307 $6 $(12,230)$50,440 
Benefit expense
$37,625 $— $6,521 $6,521 $6 $(6,373)$37,779 
Cost of products sold
— 10,779 — 10,779 — (5,139)5,640 
Operating expense
5,296 204 895 1,099 75 (718)5,752 
Operating gain (loss)$436 $616 $292 $908 $(75)$— $1,269 
Three Months Ended September 30, 2025
Premiums$40,304 $— $1,762 $1,762 $— $(275)$41,791 
Product revenue— 6,159 — $6,159 — — 6,159 
Service fees1,942 4 191 195 — — 2,137 
Operating revenue - unaffiliated42,246 6,163 1,953 8,116 — (275)50,087 
Operating revenue - affiliated— 4,834 5,371 10,205 149 (10,354)— 
Operating revenue - total$42,246 $10,997 $7,324 $18,321 $149 $(10,629)$50,087 
Benefit expense
$36,845 $— $6,349 $6,349 $4 $(5,058)$38,140 
Cost of products sold
— 10,209 — $10,209 — (4,829)5,380 
Operating expense
4,800 232 756 988 226 (742)5,272 
Operating gain (loss)$601 $556 $219 $775 $(81)$— $1,295 
Carelon
Health
Benefits		CarelonRxCarelon
Services		TotalCorporate
& Other		EliminationsTotal
Nine Months Ended September 30, 2026
Premiums$122,381 $— $2,281 $2,281 $— $(655)$124,007 
Product revenue— 18,943 — 18,943 — — 18,943 
Service fees6,186 8 616 624 — — 6,810 
Operating revenue - unaffiliated128,567 18,951 2,897 21,848 — (655)149,760 
Operating revenue - affiliated— 14,498 20,151 34,649 16 (34,665)— 
Operating revenue - total$128,567 $33,449 $23,048 $56,497 $16 $(35,320)$149,760 
Benefit expense
$109,817 $— $19,350 $19,350 $21 $(18,770)$110,418 
Cost of products sold
— 31,082 — 31,082 — (14,487)16,595 
Operating expense
15,261 587 2,570 3,157 1,274 (2,063)17,629 
Operating gain (loss)$3,489 $1,780 $1,128 $2,908 $(1,279)$— $5,118 
Nine Months Ended September 30, 2025
Premiums$119,602 $— $5,125 $5,125 $— $(778)$123,949 
Product revenue— 18,010 — $18,010 — — 18,010 
Service fees5,657 11 646 657 — — 6,314 
Operating revenue - unaffiliated125,259 18,021 5,771 23,792 — (778)148,273 
Operating revenue - affiliated— 13,735 15,530 29,265 546 (29,811)— 
Operating revenue - total$125,259 $31,756 $21,301 $53,057 $546 $(30,589)$148,273 
Benefit expense
$106,725 $— $17,958 $17,958 $22 $(14,547)$110,158 
Cost of products sold
— 29,377 — 29,377 — (13,721)15,656 
Operating expense
14,156 685 2,233 2,918 816 (2,321)15,569 
Operating gain (loss)$4,378 $1,694 $1,110 $2,804 $(292)$— $6,890 
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 nine months ended September 30, 2026 and 2025 is as follows:
Three Months Ended 
 September 30		Nine Months Ended 
 September 30
2026202520262025
Reportable segments’ operating revenue$50,440 $50,087 $149,760 $148,273 
Net investment income1,037 625 2,506 1,701 
Net losses on financial instruments(48)(1)(182)(596)
Total revenues$51,429 $50,711 $152,084 $149,378 
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 nine months ended September 30, 2026 and 2025 is as follows:
Three Months Ended 
 September 30		Nine Months Ended 
 September 30
2026202520262025
Income before income tax expense$1,794 $1,406 $6,035 $6,495 
Net investment income(1,037)(625)(2,506)(1,701)
Net losses on financial instruments48 1 182 596 
Interest expense358 351 1,079 1,036 
Amortization of other intangible assets106 162 328 464 
Reportable segments’ operating gain$1,269 $1,295 $5,118 $6,890