SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Results

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

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Three months ended September 30, 2023	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	19,637	$	—	$	—	$	19,637
Group Medicare Advantage	1,695		—		—		1,695
Medicare stand-alone PDP	493		—		—		493
Total Medicare	21,825		—		—		21,825
Commercial fully-insured	842		—		—		842
Specialty benefits	252		—		—		252
Medicare Supplement	185		—		—		185
State-based contracts and other	1,995		—		—		1,995
Total premiums	25,099		—		—		25,099
Services revenue:
Home solutions	—		342		—		342
Primary care	—		214		—		214
Commercial ASO	55		—		—		55
Military and other	202		—		—		202
Pharmacy solutions	—		203		—		203
Total services revenue	257		759		—		1,016
Total external revenues	25,356		759		—		26,115
Intersegment revenues
Services	1		1,307		(1,308)		—
Products	—		2,594		(2,594)		—
Total intersegment revenues	1		3,901		(3,902)		—
Investment income	154		—		154		308
Total revenues	25,511		4,660		(3,748)		26,423
Operating expenses:
Benefits	21,976		—		(231)		21,745
Operating costs	2,634		4,207		(3,570)		3,271
Depreciation and amortization	179		53		(31)		201
Total operating expenses	24,789		4,260		(3,832)		25,217
Income from operations	722		400		84		1,206
Interest expense	—		1		113		114
Other income, net	—		—		(6)		(6)
Income (loss) before income taxes and equity in net earnings	722		399		(23)		1,098
Equity in net losses	—		(12)		—		(12)
Segment earnings (loss)	$	722	$	387	$	(23)	$	1,086
Net loss (income) attributable to noncontrolling interests	3		(1)		—		2
Segment earnings (loss) attributable to Humana	$	725	$	386	$	(23)	$	1,088

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Three months ended September 30, 2022	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	16,007	$	—	$	—	$	16,007
Group Medicare Advantage	1,792		—		—		1,792
Medicare stand-alone PDP	534		—		—		534
Total Medicare	18,333		—		—		18,333
Commercial fully-insured	1,075		—		—		1,075
Specialty benefits	262		—		—		262
Medicare Supplement	188		—		—		188
State-based contracts and other	1,610		—		—		1,610
Total premiums	21,468		—		—		21,468
Services revenue:
Home solutions	—		519		—		519
Primary care	—		159		—		159
Commercial ASO	73		—		—		73
Military and other	137		—		—		137
Pharmacy solutions	—		271		—		271
Total services revenue	210		949		—		1,159
Total external revenues	21,678		949		—		22,627
Intersegment revenues
Services	14		863		(877)		—
Products	—		2,459		(2,459)		—
Total intersegment revenues	14		3,322		(3,336)		—
Investment income	51		3		118		172
Total revenues	21,743		4,274		(3,218)		22,799
Operating expenses:
Benefits	18,413		—		(29)		18,384
Operating costs	2,294		3,929		(3,162)		3,061
Depreciation and amortization	163		45		(26)		182
Total operating expenses	20,870		3,974		(3,217)		21,627
Income (loss) from operations	873		300		(1)		1,172
Gain on sale of Gentiva Hospice	—		(240)		—		(240)
Interest expense	—		—		102		102
Other expense, net	—		—		13		13
Income (loss) before income taxes and equity in net earnings	873		540		(116)		1,297
Equity in net earnings (losses)	8		(5)		—		3
Segment earnings (loss)	$	881	$	535	$	(116)	$	1,300
Net loss attributable to noncontrolling interests	2		—		—		2
Segment earnings (loss) attributable to Humana	$	883	$	535	$	(116)	$	1,302

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Nine months ended September 30, 2023	(in millions)
External revenues
Premiums:
Individual Medicare Advantage	$	59,195	$	—	$	—	$	59,195
Group Medicare Advantage	5,192		—		—		5,192
Medicare stand-alone PDP	1,677		—		—		1,677
Total Medicare	66,064		—		—		66,064
Commercial fully-insured	2,810		—		—		2,810
Specialty benefits	758		—		—		758
Medicare Supplement	546		—		—		546
State-based contracts and other	5,966		—		—		5,966
Total premiums	76,144		—		—		76,144
Services revenue:
Home solutions	—		997		—		997
Primary care	—		605		—		605
Commercial ASO	190		—		—		190
Military and other	540		—		—		540
Pharmacy solutions	—		661		—		661
Total services revenue	730		2,263		—		2,993
Total external revenues	76,874		2,263		—		79,137
Intersegment revenues
Services	30		3,584		(3,614)		—
Products	—		7,848		(7,848)		—
Total intersegment revenues	30		11,432		(11,462)		—
Investment income	385		—		390		775
Total revenues	77,289		13,695		(11,072)		79,912
Operating expenses:
Benefits	66,096		—		(484)		65,612
Operating costs	7,597		12,526		(10,762)		9,361
Depreciation and amortization	516		152		(90)		578
Total operating expenses	74,209		12,678		(11,336)		75,551
Income from operations	3,080		1,017		264		4,361
Interest expense	—		2		345		347
Other expense, net	—		—		40		40
Income (loss) before income taxes and equity in net losses	3,080		1,015		(121)		3,974
Equity in net losses	(2)		(37)		—		(39)
Segment earnings (loss)	$	3,078	$	978	$	(121)	$	3,935
Net loss (income) attributable to noncontrolling interests	7		(1)		—		6
Segment earnings (loss) attributable to Humana	$	3,085	$	977	$	(121)	$	3,941

	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Nine months ended September 30, 2022	(in millions)
External Revenues
Premiums:
Individual Medicare Advantage	$	49,751	$	—	$	—	$	49,751
Group Medicare Advantage	5,524		—		—		5,524
Medicare stand-alone PDP	1,779		—		—		1,779
Total Medicare	57,054		—		—		57,054
Commercial fully-insured	3,324		—		—		3,324
Specialty benefits	784		—		—		784
Medicare Supplement	555		—		—		555
State-based contracts and other	4,720		—		—		4,720
Total premiums	66,437		—		—		66,437
Services revenue:
Home solutions	—		1,997		—		1,997
Primary care	—		409		—		409
Commercial ASO	225		—		—		225
Military and other	395		—		—		395
Pharmacy solutions	—		746		—		746
Total services revenue	620		3,152		—		3,772
Total external revenues	67,057		3,152		—		70,209
Intersegment revenues
Services	42		2,614		(2,656)		—
Products	—		7,394		(7,394)		—
Total intersegment revenues	42		10,008		(10,050)		—
Investment income	143		6		73		222
Total revenues	67,242		13,166		(9,977)		70,431
Operating expenses:
Benefits	57,311		—		(203)		57,108
Operating costs	6,486		12,002		(9,368)		9,120
Depreciation and amortization	469		136		(78)		527
Total operating expenses	64,266		12,138		(9,649)		66,755
Income (loss) from operations	2,976		1,028		(328)		3,676
Gain on sale of Gentiva Hospice	—		(240)		—		(240)
Interest expense	—		—		293		293
Other income, net	—		—		(16)		(16)
Income (loss) before income taxes and equity in net losses	2,976		1,268		(605)		3,639
Equity in net earnings (losses)	16		(15)		—		1
Segment earnings (loss)	$	2,992	$	1,253	$	(605)	$	3,640
Net loss (income) attributable to noncontrolling interests	2		(1)		—		1
Segment earnings (loss) attributable to Humana	$	2,994	$	1,252	$	(605)	$	3,641