SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Results

Our segment results were as follows for the three months ended March 31, 2021 and 2020:

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Three months ended March 31, 2021	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	14,815	$	—	$	—	$	—	$	14,815
Group Medicare Advantage	1,755		—		—		—		1,755
Medicare stand-alone PDP	664		—		—		—		664
Total Medicare	17,234		—		—		—		17,234
Fully-insured	178		1,099		—		—		1,277
Specialty	—		434		—		—		434
Medicaid and other	1,179		—		—		—		1,179
Total premiums	18,591		1,533		—		—		20,124
Services revenue:
Provider	—		—		115		—		115
ASO and other	5		190		—		—		195
Pharmacy	—		—		156		—		156
Total services revenue	5		190		271		—		466
Total external revenues	18,596		1,723		271		—		20,590
Intersegment revenues
Services	—		10		4,774		(4,784)		—
Products	—		—		2,152		(2,152)		—
Total intersegment revenues	—		10		6,926		(6,936)		—
Investment income	52		4		1		21		78
Total revenues	18,648		1,737		7,198		(6,915)		20,668
Operating expenses:
Benefits	16,299		1,145		—		(148)		17,296
Operating costs	1,451		397		6,910		(6,751)		2,007
Depreciation and amortization	104		21		40		(23)		142
Total operating expenses	17,854		1,563		6,950		(6,922)		19,445
Income from operations	794		174		248		7		1,223
Interest expense	—		—		—		68		68
Other expense, net	—		—		—		115		115
Income (loss) before income taxes and equity in net earnings	794		174		248		(176)		1,040
Equity in net earnings	—		—		21		—		21
Segment earnings (loss)	$	794	$	174	$	269	$	(176)	$	1,061

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Three months ended March 31, 2020	(in millions)
External Revenues
Premiums:
Individual Medicare Advantage	$	12,794	$	—	$	—	$	—	$	12,794
Group Medicare Advantage	2,011		—		—		—		2,011
Medicare stand-alone PDP	755		—		—		—		755
Total Medicare	15,560		—		—		—		15,560
Fully-insured	163		1,229		—		—		1,392
Specialty	—		429		—		—		429
Medicaid and other	981		—		—		—		981
Total premiums	16,704		1,658		—		—		18,362
Services revenue:
Provider	—		—		104		—		104
ASO and other	4		195		—		—		199
Pharmacy	—		—		121		—		121
Total services revenue	4		195		225		—		424
Total external revenues	16,708		1,853		225		—		18,786
Intersegment revenues
Services	—		7		4,950		(4,957)		—
Products	—		—		1,910		(1,910)		—
Total intersegment revenues	—		7		6,860		(6,867)		—
Investment income	54		5		—		90		149
Total revenues	16,762		1,865		7,085		(6,777)		18,935
Operating expenses:
Benefits	14,464		1,311		—		(146)		15,629
Operating costs	1,532		429		6,800		(6,644)		2,117
Depreciation and amortization	81		20		43		(29)		115
Total operating expenses	16,077		1,760		6,843		(6,819)		17,861
Income from operations	685		105		242		42		1,074
Interest expense	—		—		—		60		60
Other expense, net	—		—		—		297		297
Income (loss) before income taxes and equity in net earnings	685		105		242		(315)		717
Equity in net earnings	—		—		8		—		8
Segment earnings (loss)	$	685	$	105	$	250	$	(315)	$	725