SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Results

Our segment results were as follows for the three and six months ended June 30, 2020 and 2019:

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Three months ended June 30, 2020	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	13,005	$	—	$	—	$	—	$	13,005
Group Medicare Advantage	1,976		—		—		—		1,976
Medicare stand-alone PDP	731		—		—		—		731
Total Medicare	15,712		—		—		—		15,712
Fully-insured	169		1,208		—		—		1,377
Specialty	—		425		—		—		425
Medicaid and other	1,042		—		—		—		1,042
Total premiums	16,923		1,633		—		—		18,556
Services revenue:
Provider	—		—		105		—		105
ASO and other	6		192		—		—		198
Pharmacy	—		—		147		—		147
Total services revenue	6		192		252		—		450
Total external revenues	16,929		1,825		252		—		19,006
Intersegment revenues
Services	—		6		4,712		(4,718)		—
Products	—		—		1,977		(1,977)		—
Total intersegment revenues	—		6		6,689		(6,695)		—
Investment income	32		4		—		41		77
Total revenues	16,961		1,835		6,941		(6,654)		19,083
Operating expenses:
Benefits	13,251		1,094		—		(170)		14,175
Operating costs	1,638		435		6,603		(6,322)		2,354
Depreciation and amortization	83		19		46		(29)		119
Total operating expenses	14,972		1,548		6,649		(6,521)		16,648
Income (loss) from operations	1,989		287		292		(133)		2,435
Interest expense	—		—		—		76		76
Other income, net	—		—		—		(227)		(227)
Income before income taxes and equity in net earnings	1,989		287		292		18		2,586
Equity in net earnings	—		—		25		—		25
Segment earnings	$	1,989	$	287	$	317	$	18	$	2,611

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Three months ended June 30, 2019	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	10,793	$	—	$	—	$	—	$	10,793
Group Medicare Advantage	1,626		—		—		—		1,626
Medicare stand-alone PDP	818		—		—		—		818
Total Medicare	13,237		—		—		—		13,237
Fully-insured	144		1,284		—		—		1,428
Specialty	—		387		—		—		387
Medicaid and other	724		—		—		—		724
Total premiums	14,105		1,671		—		—		15,776
Services revenue:
Provider	—		—		111		—		111
ASO and other	5		193		—		—		198
Pharmacy	—		—		46		—		46
Total services revenue	5		193		157		—		355
Total external revenues	14,110		1,864		157		—		16,131
Intersegment revenues
Services	—		5		4,496		(4,501)		—
Products	—		—		1,733		(1,733)		—
Total intersegment revenues	—		5		6,229		(6,234)		—
Investment income	48		5		1		60		114
Total revenues	14,158		1,874		6,387		(6,174)		16,245
Operating expenses:
Benefits	12,019		1,442		—		(143)		13,318
Operating costs	1,206		406		6,135		(6,044)		1,703
Depreciation and amortization	77		21		40		(29)		109
Total operating expenses	13,302		1,869		6,175		(6,216)		15,130
Income from operations	856		5		212		42		1,115
Interest expense	—		—		—		60		60
Other income, net	—		—		—		(174)		(174)
Income before income taxes and equity in net earnings	856		5		212		156		1,229
Equity in net earnings	—		—		12		—		12
Segment earnings	$	856	$	5	$	224	$	156	$	1,241

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Six months ended June 30, 2020	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	25,799	$	—	$	—	$	—	$	25,799
Group Medicare Advantage	3,987		—		—		—		3,987
Medicare stand-alone PDP	1,486		—		—		—		1,486
Total Medicare	31,272		—		—		—		31,272
Fully-insured	332		2,437		—		—		2,769
Specialty	—		854		—		—		854
Medicaid and other	2,023		—		—		—		2,023
Total premiums	33,627		3,291		—		—		36,918
Services revenue:
Provider	—		—		209		—		209
ASO and other	10		387		—		—		397
Pharmacy	—		—		268		—		268
Total services revenue	10		387		477		—		874
Total external revenues	33,637		3,678		477		—		37,792
Intersegment revenues
Services	—		13		9,662		(9,675)		—
Products	—		—		3,887		(3,887)		—
Total intersegment revenues	—		13		13,549		(13,562)		—
Investment income	86		9		—		131		226
Total revenues	33,723		3,700		14,026		(13,431)		38,018
Operating expenses:
Benefits	27,715		2,405		—		(316)		29,804
Operating costs	3,170		864		13,403		(12,966)		4,471
Depreciation and amortization	164		39		89		(58)		234
Total operating expenses	31,049		3,308		13,492		(13,340)		34,509
Income (loss) from operations	2,674		392		534		(91)		3,509
Interest expense	—		—		—		136		136
Other expense, net	—		—		—		70		70
Income before income taxes and equity in net earnings	2,674		392		534		(297)		3,303
Equity in net earnings	—		—		33		—		33
Segment earnings (loss)	$	2,674	$	392	$	567	$	(297)	$	3,336

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Six months ended June 30, 2019	(in millions)
External Revenues
Premiums:
Individual Medicare Advantage	$	21,502	$	—	$	—	$	—	$	21,502
Group Medicare Advantage	3,258		—		—		—		3,258
Medicare stand-alone PDP	1,627		—		—		—		1,627
Total Medicare	26,387		—		—		—		26,387
Fully-insured	284		2,595		—		—		2,879
Specialty	—		760		—		—		760
Medicaid and other	1,401		—		—		—		1,401
Total premiums	28,072		3,355		—		—		31,427
Services revenue:
Provider	—		—		231		—		231
ASO and other	10		387		—		—		397
Pharmacy	—		—		82		—		82
Total services revenue	10		387		313		—		710
Total external revenues	28,082		3,742		313		—		32,137
Intersegment revenues
Services	—		9		8,802		(8,811)		—
Products	—		—		3,369		(3,369)		—
Total intersegment revenues	—		9		12,171		(12,180)		—
Investment income	89		10		1		115		215
Total revenues	28,171		3,761		12,485		(12,065)		32,352
Operating expenses:
Benefits	24,346		2,729		—		(264)		26,811
Operating costs	2,354		819		12,023		(11,833)		3,363
Depreciation and amortization	150		43		78		(55)		216
Total operating expenses	26,850		3,591		12,101		(12,152)		30,390
Income from operations	1,321		170		384		87		1,962
Interest expense	—		—		—		122		122
Other income, net	—		—		—		(135)		(135)
Income before income taxes and equity in net earnings	1,321		170		384		100		1,975
Equity in net earnings	—		—		15		—		15
Segment earnings	$	1,321	$	170	$	399	$	100	$	1,990