SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Results

Our segment results were as follows for the three and six months ended June 30, 2023 and 2022:

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Three months ended June 30, 2023	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	19,749	$	—	$	—	$	19,749
Group Medicare Advantage	1,732		—		—		1,732
Medicare stand-alone PDP	568		—		—		568
Total Medicare	22,049		—		—		22,049
Commercial fully-insured	950		—		—		950
Specialty benefits	252		—		—		252
Medicare Supplement	182		—		—		182
Medicaid and other	2,062		—		—		2,062
Total premiums	25,495		—		—		25,495
Services revenue:
Home solutions	—		341		—		341
Provider services	—		190		—		190
Commercial ASO	64		—		—		64
Military and other	167		—		—		167
Pharmacy solutions	—		216		—		216
Total services revenue	231		747		—		978
Total external revenues	25,726		747		—		26,473
Intersegment revenues
Services	15		1,144		(1,159)		—
Products	—		2,639		(2,639)		—
Total intersegment revenues	15		3,783		(3,798)		—
Investment income	134		—		140		274
Total revenues	25,875		4,530		(3,658)		26,747
Operating expenses:
Benefits	22,127		—		(118)		22,009
Operating costs	2,545		4,193		(3,627)		3,111
Depreciation and amortization	172		50		(31)		191
Total operating expenses	24,844		4,243		(3,776)		25,311
Income from operations	1,031		287		118		1,436
Interest expense	—		1		119		120
Other expense, net	—		—		54		54
Income (loss) before income taxes and equity in net earnings	1,031		286		(55)		1,262
Equity in net earnings (losses)	1		(11)		—		(10)
Segment earnings (loss)	$	1,032	$	275	$	(55)	$	1,252
Net loss attributable to noncontrolling interests	3		—		—		3
Segment earnings (loss) attributable to Humana	$	1,035	$	275	$	(55)	$	1,255

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Three months ended June 30, 2022	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	16,692	$	—	$	—	$	16,692
Group Medicare Advantage	1,857		—		—		1,857
Medicare stand-alone PDP	606		—		—		606
Total Medicare	19,155		—		—		19,155
Commercial fully-insured	1,109		—		—		1,109
Specialty benefits	261		—		—		261
Medicare Supplement	185		—		—		185
Medicaid and other	1,556		—		—		1,556
Total premiums	22,266		—		—		22,266
Services revenue:
Home solutions	—		752		—		752
Provider services	—		137		—		137
Commercial ASO	75		—		—		75
Military and other	131		—		—		131
Pharmacy solutions	—		254		—		254
Total services revenue	206		1,143		—		1,349
Total external revenues	22,472		1,143		—		23,615
Intersegment revenues
Services	14		894		(908)		—
Products	—		2,489		(2,489)		—
Total intersegment revenues	14		3,383		(3,397)		—
Investment income	46		1		—		47
Total revenues	22,532		4,527		(3,397)		23,662
Operating expenses:
Benefits	19,164		—		(65)		19,099
Operating costs	2,105		4,125		(3,057)		3,173
Depreciation and amortization	156		44		(25)		175
Total operating expenses	21,425		4,169		(3,147)		22,447
Income (loss) from operations	1,107		358		(250)		1,215
Interest expense	—		—		101		101
Other income, net	—		—		(8)		(8)
Income (loss) before income taxes and equity in net earnings	1,107		358		(343)		1,122
Equity in net earnings (losses)	8		(6)		—		2
Segment earnings (loss)	$	1,115	$	352	$	(343)	$	1,124
Net income attributable to noncontrolling interests	—		(1)		—		(1)
Segment earnings (loss) attributable to Humana	$	1,115	$	351	$	(343)	$	1,123

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Six months ended June 30, 2023	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	39,558	$	—	$	—	$	39,558
Group Medicare Advantage	3,497		—		—		3,497
Medicare stand-alone PDP	1,184		—		—		1,184
Total Medicare	44,239		—		—		44,239
Commercial fully-insured	1,968		—		—		1,968
Specialty benefits	506		—		—		506
Medicare Supplement	361		—		—		361
Medicaid and other	3,971		—		—		3,971
Total premiums	51,045		—		—		51,045
Services revenue:
Home solutions	—		655		—		655
Provider services	—		391		—		391
Commercial ASO	135		—		—		135
Military and other	338		—		—		338
Pharmacy solutions	—		458		—		458
Total services revenue	473		1,504		—		1,977
Total external revenues	51,518		1,504		—		53,022
Intersegment revenues
Services	29		2,277		(2,306)		—
Products	—		5,254		(5,254)		—
Total intersegment revenues	29		7,531		(7,560)		—
Investment income	231		—		236		467
Total revenues	51,778		9,035		(7,324)		53,489
Operating expenses:
Benefits	44,120		—		(253)		43,867
Operating costs	4,963		8,319		(7,192)		6,090
Depreciation and amortization	337		99		(59)		377
Total operating expenses	49,420		8,418		(7,504)		50,334
Income from operations	2,358		617		180		3,155
Interest expense	—		1		232		233
Other expense, net	—		—		46		46
Income (loss) before income taxes and equity in net losses	2,358		616		(98)		2,876
Equity in net losses	(2)		(25)		—		(27)
Segment earnings (loss)	$	2,356	$	591	$	(98)	$	2,849
Net loss attributable to noncontrolling interests	4		—		—		4
Segment earnings (loss) attributable to Humana	$	2,360	$	591	$	(98)	$	2,853

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Six months ended June 30, 2022	(in millions)
External Revenues
Premiums:
Individual Medicare Advantage	$	33,744	$	—	$	—	$	33,744
Group Medicare Advantage	3,732		—		—		3,732
Medicare stand-alone PDP	1,245		—		—		1,245
Total Medicare	38,721		—		—		38,721
Commercial fully-insured	2,249		—		—		2,249
Specialty benefits	522		—		—		522
Medicare Supplement	367		—		—		367
Medicaid and other	3,110		—		—		3,110
Total premiums	44,969		—		—		44,969
Services revenue:
Home solutions	—		1,478		—		1,478
Provider services	—		250		—		250
Commercial ASO	152		—		—		152
Military and other	258		—		—		258
Pharmacy solutions	—		475		—		475
Total services revenue	410		2,203		—		2,613
Total external revenues	45,379		2,203		—		47,582
Intersegment revenues
Services	28		1,751		(1,779)		—
Products	—		4,935		(4,935)		—
Total intersegment revenues	28		6,686		(6,714)		—
Investment income (loss)	92		3		(45)		50
Total revenues	45,499		8,892		(6,759)		47,632
Operating expenses:
Benefits	38,898		—		(174)		38,724
Operating costs	4,192		8,073		(6,206)		6,059
Depreciation and amortization	306		91		(52)		345
Total operating expenses	43,396		8,164		(6,432)		45,128
Income (loss) from operations	2,103		728		(327)		2,504
Interest expense	—		—		191		191
Other income, net	—		—		(29)		(29)
Income (loss) before income taxes and equity in net losses	2,103		728		(489)		2,342
Equity in net earnings (losses)	8		(10)		—		(2)
Segment earnings (loss)	$	2,111	$	718	$	(489)	$	2,340
Net income attributable to noncontrolling interests	—		(1)		—		(1)
Segment earnings (loss) attributable to Humana	$	2,111	$	717	$	(489)	$	2,339