v3.26.3
Segments (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Operating Segment Information
Three Months Ended September 30, 2026
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$8,199 $1,616 $642 $— $10,457 
Service revenue— — — 23 23 
Revenue from external customers8,199 1,616 642 23 10,480 
Other operating revenues (1)
602 
Total revenue11,082 
Operating Expenses:
Medical care costs7,622 1,503 594 — 9,719 
Cost of service revenue— — — 21 21 
Segment expenses7,622 1,503 594 21 9,740 
Other operating expenses (2)
1,236 
Operating income106 
Less: interest expense53 
Income before income tax expense$53 
Segment Margin:
Medical margin$577 $113 $48 $— $738 
Service margin— — — 2 2 
Three Months Ended September 30, 2025
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$8,015 $1,610 $1,197 $19 $10,841 
Service revenue— — — 21 21 
Revenue from external customers8,015 1,610 1,197 40 10,862 
Other operating revenues (1)
615 
Total revenue11,477 
Operating Expenses:
Medical care costs7,376 1,507 1,144 17 10,044 
Cost of service revenue— — — 20 20 
Segment expenses7,376 1,507 1,144 37 10,064 
Other operating expenses (2)
1,276 
Operating income137 
Less: interest expense49 
Income before income tax expense$88 
Segment Margin:
Medical margin$639 $103 $53 $2 $797 
Service margin— — — 1 1 
Nine Months Ended September 30, 2026
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$24,175 $4,698 $1,994 $6 $30,873 
Service revenue— — — 69 69 
Revenue from external customers24,175 4,698 1,994 75 30,942 
Other operating revenues (1)
1,810 
Total revenue32,752 
Operating Expenses:
Medical care costs22,382 4,285 1,761 1 28,429 
Cost of service revenue— — — 64 64 
Segment expenses22,382 4,285 1,761 65 28,493 
Other operating expenses (2)
3,925 
Operating income334 
Less: interest expense161 
Income before income tax expense$173 
Segment Margin:
Medical margin$1,793 $413 $233 $5 $2,444 
Service margin— — — 5 5 
Nine Months Ended September 30, 2025
MedicaidMedicare MarketplaceOtherTotal
(In millions)
Revenue:
Premium revenue$24,174 $4,686 $3,401 $76 $32,337 
Service revenue— — — 65 65 
Revenue from external customers24,174 4,686 3,401 141 32,402 
Other operating revenues (1)
1,649 
Total revenue34,051 
Operating Expenses:
Medical care costs22,047 4,250 2,990 65 29,352 
Cost of service revenue— — — 58 58 
Segment expenses22,047 4,250 2,990 123 29,410 
Other operating expenses (2)
3,698 
Operating income943 
Less: interest expense140 
Income before income tax expense$803 
Segment Margin:
Medical margin$2,127 $436 $411 $11 $2,985 
Service margin— — — 7 7 
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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.