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Segments

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segments

Segments

We currently have two reportable segments: our Health Plans segment and our Other segment. Our reportable segments are consistent with how we currently manage the business and view the markets we serve.

Margin is the appropriate earnings measure for our reportable segments, based on how our chief operating decision maker currently reviews results, assesses performance, and allocates resources.

Margin for our Health Plans segment is referred to as “Medical Margin,” which represents the amount earned after medical costs are deducted from premium revenue. The medical care ratio represents the amount of medical care costs as a percentage of premium revenue, and is one of the key metrics used to assess the performance of the segments. Therefore, the underlying Medical Margin is the most important measure of earnings reviewed by the chief operating decision maker.

The following table presents total revenue by segment. Inter-segment revenue was insignificant for all periods presented.

	Three Months Ended September 30,								Nine Months Ended September 30,
	2019				2018				2019				2018
	(In millions)
Total revenue:
Health Plans	$	4,239			$	4,565			$	12,546			$	13,826
Other	4				132				9				400
Consolidated	$	4,243			$	4,697			$	12,555			$	14,226

The following table reconciles margin by segment to consolidated income before income taxes:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2019				2018				2019				2018
	(In millions)
Margin:
Health Plans	$	561			$	547			$	1,725			$	1,812
Other	—				19				—				42
Total margin	561				566				1,725				1,854
Add: other operating revenues (1)	159				230				470				661
Add: gain on sale of subsidiary	—				37				—				37
Less: other operating expenses (2)	(463		)		(538		)		(1,393		)		(1,693		)
Operating income	257				295				802				859
Other expenses, net	24				36				52				116
Income before income tax expense	$	233			$	259			$	750			$	743

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(1) Other operating revenues include premium tax revenue, health insurer fees reimbursed, and investment income and other revenue.

(2)

Other operating expenses include general and administrative expenses, premium tax expenses, health insurer fees, depreciation and amortization, and restructuring costs.

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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