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Operating Income by Segment
Reveals profitability across different business units, highlighting which segments are driving earnings and where there might be challenges or opportunities for improvement.Humana’s reported segments were restructured in 2023, and operating income is now dominated by the Insurance line—large, seasonal swings (strong early‑year gains and Q4 reserve-driven losses) reflect aggressive reserving/IBNR timing rather than underlying membership losses. CenterWell shows steady, growing profitability that validates the care‑delivery strategy but carries near-term noise from integration costs. Management’s prudent reserving (IBNR +35% Q1) and guidance (Q2 MLR ~91%+, disciplined pricing) imply continued quarter-to-quarter lumpiness even as they pursue margin recovery through CenterWell expansion and tighter bids.
Date | Retail | Group and Speciality | Healthcare Services | Insurance | Centerwell | Corporate and Eliminations |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $0.00 | $0.00 | $0.00 | $820.00M | $466.00M | $74.00M |
Mar 31, 2026 | $0.00 | $0.00 | $0.00 | $1.44B | $289.00M | $30.00M |
Dec 31, 2025 | $0.00 | $0.00 | $0.00 | -$927.00M | $298.00M | -$179.00M |
Sep 30, 2025 | $0.00 | $0.00 | $0.00 | $251.00M | $305.00M | -$156.00M |
Jun 30, 2025 | $0.00 | $0.00 | $0.00 | $766.00M | $344.00M | -$12.00M |
Mar 31, 2025 | $0.00 | $0.00 | $0.00 | $1.57B | $392.00M | $48.00M |
Dec 31, 2024 | $0.00 | $0.00 | $0.00 | -$646.00M | $327.00M | -$224.00M |
Sep 30, 2024 | $0.00 | $0.00 | $0.00 | $274.00M | $382.00M | $72.00M |
Jun 30, 2024 | $0.00 | $0.00 | $0.00 | $763.00M | $338.00M | $40.00M |
Mar 31, 2024 | $0.00 | $0.00 | $0.00 | $898.00M | $282.00M | $56.00M |