SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Results

Our segment results were as follows for the three and nine months ended September 30, 2021 and 2020:

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Three months ended September 30, 2021	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	14,642	$	—	$	—	$	—	$	14,642
Group Medicare Advantage	1,737		—		—		—		1,737
Medicare stand-alone PDP	541		—		—		—		541
Total Medicare	16,920		—		—		—		16,920
Fully-insured	185		1,052		—		—		1,237
Specialty	—		432		—		—		432
Medicaid and other	1,296		—		—		—		1,296
Total premiums	18,401		1,484		—		—		19,885
Services revenue:
Home solutions	—		—		374		—		374
Provider	—		—		110		—		110
ASO and other	—		198		—		—		198
Pharmacy	—		—		163		—		163
Total services revenue	—		198		647		—		845
Total external revenues	18,401		1,682		647		—		20,730
Intersegment revenues
Services	1		10		5,087		(5,098)		—
Products	—		—		2,303		(2,303)		—
Total intersegment revenues	1		10		7,390		(7,401)		—
Investment income (loss)	38		3		1		(75)		(33)
Total revenues	18,440		1,695		8,038		(7,476)		20,697
Operating expenses:
Benefits	16,207		1,282		—		(173)		17,316
Operating costs	1,669		421		7,634		(7,121)		2,603
Depreciation and amortization	108		20		46		(24)		150
Total operating expenses	17,984		1,723		7,680		(7,318)		20,069
Income (loss) from operations	456		(28)		358		(158)		628
Interest expense	—		—		—		88		88
Other income, net	—		—		—		(1,096)		(1,096)
Income (loss) before income taxes and equity in net earnings	456		(28)		358		850		1,636
Equity in net earnings	—		—		15		—		15
Segment earnings (loss)	$	456	$	(28)	$	373	$	850	$	1,651
Less: noncontrolling interests	—		—		—		—		—
Segment earnings (loss) attributable to Humana	$	456	$	(28)	$	373	$	850	$	1,651

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Three months ended September 30, 2020	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	12,949	$	—	$	—	$	—	$	12,949
Group Medicare Advantage	1,880		—		—		—		1,880
Medicare stand-alone PDP	622		—		—		—		622
Total Medicare	15,451		—		—		—		15,451
Fully-insured	177		1,169		—		602		1,948
Specialty	—		424		—		—		424
Medicaid and other	1,081		—		—		—		1,081
Total premiums	16,709		1,593		—		602		18,904
Services revenue:
Home solutions	—		—		26		—		26
Provider	—		—		81		—		81
ASO and other	4		189		—		—		193
Pharmacy	—		—		157		—		157
Total services revenue	4		189		264		—		457
Total external revenues	16,713		1,782		264		602		19,361
Intersegment revenues
Services	—		9		4,852		(4,861)		—
Products	—		—		2,013		(2,013)		—
Total intersegment revenues	—		9		6,865		(6,874)		—
Investment income	28		3		2		681		714
Total revenues	16,741		1,794		7,131		(5,591)		20,075
Operating expenses:
Benefits	14,224		1,481		—		(94)		15,611
Operating costs	1,877		452		6,871		(6,687)		2,513
Depreciation and amortization	87		21		46		(26)		128
Total operating expenses	16,188		1,954		6,917		(6,807)		18,252
Income (loss) from operations	553		(160)		214		1,216		1,823
Interest expense	—		—		—		75		75
Other income, net	—		—		—		(7)		(7)
Income (loss) before income taxes and equity in net earnings	553		(160)		214		1,148		1,755
Equity in net earnings	—		—		35		—		35
Segment earnings (loss)	$	553	$	(160)	$	249	$	1,148	$	1,790
Less: noncontrolling interests	—		—		—		—		—
Segment earnings (loss) attributable to Humana	$	553	$	(160)	$	249	$	1,148	$	1,790

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Nine months ended September 30, 2021	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	44,042	$	—	$	—	$	—	$	44,042
Group Medicare Advantage	5,267		—		—		—		5,267
Medicare stand-alone PDP	1,867		—		—		—		1,867
Total Medicare	51,176		—		—		—		51,176
Fully-insured	545		3,229		—		—		3,774
Specialty	—		1,298		—		—		1,298
Medicaid and other	3,739		—		—		—		3,739
Total premiums	55,460		4,527		—		—		59,987
Services revenue:
Home solutions	—		—		423		—		423
Provider	—		—		298		—		298
ASO and other	17		582		—		—		599
Pharmacy	—		—		482		—		482
Total services revenue	17		582		1,203		—		1,802
Total external revenues	55,477		5,109		1,203		—		61,789
Intersegment revenues
Services	1		30		14,838		(14,869)		—
Products	—		—		6,716		(6,716)		—
Total intersegment revenues	1		30		21,554		(21,585)		—
Investment income	155		11		3		52		221
Total revenues	55,633		5,150		22,760		(21,533)		62,010
Operating expenses:
Benefits	48,574		3,674		—		(487)		51,761
Operating costs	4,653		1,227		21,749		(20,903)		6,726
Depreciation and amortization	320		63		127		(74)		436
Total operating expenses	53,547		4,964		21,876		(21,464)		58,923
Income (loss) from operations	2,086		186		884		(69)		3,087
Interest expense	—		—		—		235		235
Other income, net	—		—		—		(562)		(562)
Income before income taxes and equity in net earnings	2,086		186		884		258		3,414
Equity in net earnings	—		—		69		—		69
Segment earnings	$	2,086	$	186	$	953	$	258	$	3,483
Less: noncontrolling interests	—		—		—		—		—
Segment earnings attributable to Humana	$	2,086	$	186	$	953	$	258	$	3,483

	Retail		Group and Specialty		Healthcare Services		Eliminations/ Corporate		Consolidated
Nine months ended September 30, 2020	(in millions)
External Revenues
Premiums:
Individual Medicare Advantage	$	38,748	$	—	$	—	$	—	$	38,748
Group Medicare Advantage	5,867		—		—		—		5,867
Medicare stand-alone PDP	2,108		—		—		—		2,108
Total Medicare	46,723		—		—		—		46,723
Fully-insured	509		3,606		—		602		4,717
Specialty	—		1,278		—		—		1,278
Medicaid and other	3,104		—		—		—		3,104
Total premiums	50,336		4,884		—		602		55,822
Services revenue:
Home solutions	—		—		80		—		80
Provider	—		—		236		—		236
ASO and other	14		576		—		—		590
Pharmacy	—		—		425		—		425
Total services revenue	14		576		741		—		1,331
Total external revenues	50,350		5,460		741		602		57,153
Intersegment revenues
Services	—		22		14,514		(14,536)		—
Products	—		—		5,900		(5,900)		—
Total intersegment revenues	—		22		20,414		(20,436)		—
Investment income	114		12		2		812		940
Total revenues	50,464		5,494		21,157		(19,022)		58,093
Operating expenses:
Benefits	41,939		3,886		—		(410)		45,415
Operating costs	5,047		1,316		20,274		(19,653)		6,984
Depreciation and amortization	251		60		135		(84)		362
Total operating expenses	47,237		5,262		20,409		(20,147)		52,761
Income from operations	3,227		232		748		1,125		5,332
Interest expense	—		—		—		211		211
Other expense, net	—		—		—		63		63
Income before income taxes and equity in net earnings	3,227		232		748		851		5,058
Equity in net earnings	—		—		68		—		68
Segment earnings	$	3,227	$	232	$	816	$	851	$	5,126
Less: noncontrolling interests	—		—		—		—		—
Segment earnings attributable to Humana	$	3,227	$	232	$	816	$	851	$	5,126