Segments (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Operating Segment Information


	Three Months Ended March 31, 2025
	Medicaid		Medicare		Marketplace		Other		Total

	(In millions)
Revenue:
Premium revenue	$	8,130	$	1,468	$	1,004	$	26	$	10,628
Service revenue	—		—		—		22		22
Revenue from external customers	8,130		1,468		1,004		48		10,650
Other operating revenues (1)									497
Total revenue									11,147
Operating Expenses:
Medical care costs	7,339		1,296		821		23		9,479
Cost of service revenue	—		—		—		19		19
Segment expenses	7,339		1,296		821		42		9,498
Other operating expenses (2)									1,216
Operating income									433
Less: interest expense									43
Income before income tax expense									$	390
Segment Margin:
Medical margin	$	791	$	172	$	183	$	3	$	1,149
Service margin	—		—		—		3		3


	Three Months Ended March 31, 2024
	Medicaid		Medicare		Marketplace		Other		Total

	(In millions)
Revenue:
Premium revenue	$	7,492	$	1,442	$	570	$	—	$	9,504
Service revenue	—		—		—		20		20
Revenue from external customers	7,492		1,442		570		20		9,524
Other operating revenues (1)									407
Total revenue									9,931
Operating Expenses:
Medical care costs	6,717		1,279		418		—		8,414
Cost of service revenue	—		—		—		18		18
Segment expenses	6,717		1,279		418		18		8,432
Other operating expenses (2)									1,073
Operating income									426
Less: interest expense									27
Income before income tax expense									$	399
Segment Margin:
Medical margin	$	775	$	163	$	152	$	—	$	1,090
Service margin	—		—		—		2		2

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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, and certain other operating expenses.