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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Results
Our segment results were as follows for the three and six months ended June 30, 2024 and 2023:
InsuranceCenterWellEliminations/
Corporate
Consolidated
Three months ended June 30, 2024(in millions)
External revenues
Premiums:
Individual Medicare Advantage$22,215 $— $— $22,215 
Group Medicare Advantage1,938 — — 1,938 
Medicare stand-alone PDP867 — — 867 
Total Medicare25,020 — — 25,020 
Commercial fully-insured152 — — 152 
Specialty benefits240 — — 240 
Medicare Supplement206 — — 206 
State-based contracts and other2,524 — — 2,524 
Total premiums28,142 — — 28,142 
Services revenue:
Home solutions— 335 — 335 
Primary care— 322 — 322 
Commercial ASO— — 
Military services and other206 — — 206 
Pharmacy solutions— 229 — 229 
Total services revenue214 886 — 1,100 
Total external revenues 28,356 886 — 29,242 
Intersegment revenues
Services1,416 (1,417)— 
Products— 2,645 (2,645)— 
Total intersegment revenues4,061 (4,062)— 
Investment income168 — 130 298 
Total revenues28,525 4,947 (3,932)29,540 
Operating expenses:
Benefits25,182 — (143)25,039 
Operating costs2,395 4,553 (3,800)3,148 
Depreciation and amortization185 56 (29)212 
Total operating expenses27,762 4,609 (3,972)28,399 
Income from operations763 338 40 1,141 
Interest expense— 167 168 
Other expense, net— — 55 55 
Income (loss) before income taxes and equity in net earnings 763 337 (182)918 
Equity in net income (losses)(18)— (17)
Segment earnings (loss)$764 $319 $(182)$901 
Net loss attributable to noncontrolling interests— — 
Segment earnings (loss) attributable to Humana$765 $319 $(182)$902 
InsuranceCenterWellEliminations/
Corporate
Consolidated
Three months ended June 30, 2023(in millions)
External revenues
Premiums:
Individual Medicare Advantage$19,749 $— $— $19,749 
Group Medicare Advantage1,732 — — 1,732 
Medicare stand-alone PDP568 — — 568 
Total Medicare22,049 — — 22,049 
Commercial fully-insured950 — — 950 
Specialty benefits252 — — 252 
Medicare Supplement182 — — 182 
State-based contracts and other2,062 — — 2,062 
Total premiums25,495 — — 25,495 
Services revenue:
Home solutions— 341 — 341 
Primary care— 190 — 190 
Commercial ASO64 — — 64 
Military services and other167 — — 167 
Pharmacy solutions— 216 — 216 
Total services revenue231 747 — 978 
Total external revenues 25,726 747 — 26,473 
Intersegment revenues
Services15 1,144 (1,159)— 
Products— 2,639 (2,639)— 
Total intersegment revenues15 3,783 (3,798)— 
Investment income 134 — 140 274 
Total revenues25,875 4,530 (3,658)26,747 
Operating expenses:
Benefits22,127 — (118)22,009 
Operating costs2,545 4,193 (3,627)3,111 
Depreciation and amortization172 50 (31)191 
Total operating expenses24,844 4,243 (3,776)25,311 
Income from operations1,031 287 118 1,436 
Interest expense— 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)(11)— (10)
Segment earnings (loss)$1,032 $275 $(55)$1,252 
Net loss attributable to noncontrolling interests— — 
Segment earnings (loss) attributable to Humana$1,035 $275 $(55)$1,255 
InsuranceCenterWellEliminations/
Corporate
Consolidated
Six months ended June 30, 2024(in millions)
External revenues
Premiums:
Individual Medicare Advantage$44,663 $— $— $44,663 
Group Medicare Advantage3,927 — — 3,927 
Medicare stand-alone PDP1,688 — — 1,688 
Total Medicare50,278 — — 50,278 
Commercial fully-insured408 — — 408 
Specialty benefits479 — — 479 
Medicare Supplement403 — — 403 
State-based contracts and other4,835 — — 4,835 
Total premiums56,403 — — 56,403 
Services revenue:
Home solutions— 670 — 670 
Primary care— 563 — 563 
Commercial ASO32 — — 32 
Military services and other457 — — 457 
Pharmacy solutions— 440 — 440 
Total services revenue489 1,673 — 2,162 
Total external revenues 56,892 1,673 — 58,565 
Intersegment revenues
Services2,830 (2,832)— 
Products— 5,262 (5,262)— 
Total intersegment revenues8,092 (8,094)— 
Investment income330 — 256 586 
Total revenues57,224 9,765 (7,838)59,151 
Operating expenses:
Benefits50,433 — (270)50,163 
Operating costs4,759 9,036 (7,605)6,190 
Depreciation and amortization371 109 (59)421 
Total operating expenses55,563 9,145 (7,934)56,774 
Income from operations1,661 620 96 2,377 
Interest expense— 325 327 
Other expense, net— — 118 118 
Income (loss) before income taxes and equity in net losses 1,661 618 (347)1,932 
Equity in net losses(1)(40)— (41)
Segment earnings (loss)$1,660 $578 $(347)$1,891 
Net loss attributable to noncontrolling interests— — 
Segment earnings (loss) attributable to Humana$1,663 $578 $(347)$1,894 
InsuranceCenterWellEliminations/
Corporate
Consolidated
Six Months Ended June 30, 2023(in millions)
External Revenues
Premiums:
Individual Medicare Advantage$39,558 $— $— $39,558 
Group Medicare Advantage3,497 — — 3,497 
Medicare stand-alone PDP1,184 — — 1,184 
Total Medicare44,239 — — 44,239 
Commercial fully-insured1,968 — — 1,968 
Specialty benefits506 — — 506 
Medicare Supplement361 — — 361 
State-based contracts and other3,971 — — 3,971 
Total premiums51,045 — — 51,045 
Services revenue:
Home solutions— 655 — 655 
Primary care— 391 — 391 
Commercial ASO135 — — 135 
Military services and other338 — — 338 
Pharmacy solutions— 458 — 458 
Total services revenue473 1,504 — 1,977 
Total external revenues 51,518 1,504 — 53,022 
Intersegment revenues
Services29 2,277 (2,306)— 
Products— 5,254 (5,254)— 
Total intersegment revenues29 7,531 (7,560)— 
Investment income231 — 236 467 
Total revenues51,778 9,035 (7,324)53,489 
Operating expenses:
Benefits44,120 — (253)43,867 
Operating costs4,963 8,319 (7,192)6,090 
Depreciation and amortization337 99 (59)377 
Total operating expenses49,420 8,418 (7,504)50,334 
Income from operations2,358 617 180 3,155 
Interest expense— 232 233 
Other expense, net— — 46 46 
Income (loss) before income taxes and equity in net losses2,358 616 (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— — 
Segment earnings (loss) attributable to Humana$2,360 $591 $(98)$2,853