SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Our segment results were as follows for the three months ended March 31, 2025 and 2024:



	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Three months ended March 31, 2025	(in millions)
External revenues









Premiums revenue	$	30,514	$	—	$	—	$	30,514








Services revenue	252		1,082		—		1,334
Total external revenues	30,766		1,082		—		31,848



Intersegment revenues	1		4,013		(4,014)		—
Investment income	170		—		94		264
Total revenues	30,937		5,095		(3,920)		32,112
Operating expenses:
Benefits	26,675		—		(140)		26,535
Operating costs	2,534		4,644		(3,798)		3,380

Depreciation and amortization	154		59		(30)		183
Total operating expenses	29,363		4,703		(3,968)		30,098
Income from operations	$	1,574	$	392	$	48	$	2,014



	Insurance		CenterWell		Eliminations/ Corporate		Consolidated
Three months ended March 31, 2024	(in millions)
External revenues









Premiums revenue	$	28,261	$	—	$	—	$	28,261








Services revenue	275		787		—		1,062
Total external revenues	28,536		787		—		29,323



Intersegment revenues	1		4,031		(4,032)		—
Investment income	162		—		126		288
Total revenues	28,699		4,818		(3,906)		29,611
Operating expenses:
Benefits	25,251		—		(127)		25,124
Operating costs	2,364		4,483		(3,805)		3,042

Depreciation and amortization	186		53		(30)		209
Total operating expenses	27,801		4,536		(3,962)		28,375
Income from operations	$	898	$	282	$	56	$	1,236