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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Premiums $ 164,639 $ 144,166 $ 142,854
Total operating revenue 197,584 175,204 170,209
Net investment income 2,194 2,051 1,825
Net losses on financial instruments (653) (445) (694)
Gain on sale of business 0 201 0
Total revenues 199,125 177,011 171,340
Expenses      
Benefit expense 148,223 127,567 124,330
Cost of products sold 21,178 19,750 17,293
Operating expense 20,984 20,025 20,087
Interest expense 1,402 1,185 1,030
Amortization of other intangible assets 628 580 885
Total expenses 192,415 169,107 163,625
Income before income tax expense 6,710 7,904 7,715
Income tax expense 1,049 1,933 1,724
Net income 5,661 5,971 5,991
Net loss (gain) attributable to noncontrolling interests 1 9 (4)
Shareholders’ net income $ 5,662 $ 5,980 $ 5,987
Shareholders’ earnings per share      
Basic (in dollars per share) $ 25.28 $ 25.81 $ 25.38
Diluted (in dollars per share) $ 25.21 $ 25.68 $ 25.22
Product revenue      
Revenues      
Product and service revenue $ 24,470 $ 22,630 $ 19,452
Service fees      
Revenues      
Product and service revenue $ 8,475 $ 8,408 $ 7,903