SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Results

Our segment results were as follows for the three months ended March 31, 2023 and 2022:

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Three months ended March 31, 2023	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	19,809	$	—	$	—	$	19,809
Group Medicare Advantage	1,765		—		—		1,765
Medicare stand-alone PDP	616		—		—		616
Total Medicare	22,190		—		—		22,190
Commercial fully-insured	1,018		—		—		1,018
Specialty benefits	254		—		—		254
Medicare Supplement	179		—		—		179
Medicaid and other	1,909		—		—		1,909
Total premiums	25,550		—		—		25,550
Services revenue:
Home solutions	—		314		—		314
Provider services	—		201		—		201
Commercial ASO	71		—		—		71
Military and other	171		—		—		171
Pharmacy solutions	—		242		—		242
Total services revenue	242		757		—		999
Total external revenues	25,792		757		—		26,549
Intersegment revenues
Services	14		1,133		(1,147)		—
Products	—		2,615		(2,615)		—
Total intersegment revenues	14		3,748		(3,762)		—
Investment income	97		—		96		193
Total revenues	25,903		4,505		(3,666)		26,742
Operating expenses:
Benefits	21,993		—		(135)		21,858
Operating costs	2,418		4,126		(3,565)		2,979
Depreciation and amortization	165		49		(28)		186
Total operating expenses	24,576		4,175		(3,728)		25,023
Income from operations	1,327		330		62		1,719
Interest expense	—		—		113		113
Other income, net	—		—		(8)		(8)
Income (loss) before income taxes and equity in net losses	1,327		330		(43)		1,614
Equity in net losses	(3)		(14)		—		(17)
Segment earnings (loss)	$	1,324	$	316	$	(43)	$	1,597
Net loss attributable to noncontrolling interests	1		—		—		1
Segment earnings (loss) attributable to Humana	$	1,325	$	316	$	(43)	$	1,598

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Three months ended March 31, 2022	(in millions)
External Revenues
Premiums:
Individual Medicare Advantage	$	17,052	$	—	$	—	$	17,052
Group Medicare Advantage	1,875		—		—		1,875
Medicare stand-alone PDP	639		—		—		639
Total Medicare	19,566		—		—		19,566
Commercial fully-insured	1,140		—		—		1,140
Specialty benefits	261		—		—		261
Medicare Supplement	182		—		—		182
Medicaid and other	1,554		—		—		1,554
Total premiums	22,703		—		—		22,703
Services revenue:
Home solutions	—		726		—		726
Provider services	—		113		—		113
Commercial ASO	77		—		—		77
Military and other	127		—		—		127
Pharmacy solutions	—		221		—		221
Total services revenue	204		1,060		—		1,264
Total external revenues	22,907		1,060		—		23,967
Intersegment revenues
Services	14		857		(871)		—
Products	—		2,446		(2,446)		—
Total intersegment revenues	14		3,303		(3,317)		—
Investment income (loss)	46		2		(45)		3
Total revenues	22,967		4,365		(3,362)		23,970
Operating expenses:
Benefits	19,734		—		(109)		19,625
Operating costs	2,087		3,948		(3,149)		2,886
Depreciation and amortization	150		47		(27)		170
Total operating expenses	21,971		3,995		(3,285)		22,681
Income (loss) from operations	996		370		(77)		1,289
Interest expense	—		—		90		90
Other income, net	—		—		(21)		(21)
Income (loss) before income taxes and equity in net losses	996		370		(146)		1,220
Equity in net losses	—		(4)		—		(4)
Segment earnings (loss)	$	996	$	366	$	(146)	$	1,216
Net loss (income) attributable to noncontrolling interests	—		—		—		—
Segment earnings (loss) attributable to Humana	$	996	$	366	$	(146)	$	1,216