v3.24.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Financial Data by Reportable Segment
Financial data by reportable segment for the three and six months ended June 30, 2024 and 2023 is as follows:
Carelon
Health
Benefits		CarelonRxCarelon
Services		TotalCorporate
& Other		EliminationsTotal
Three Months Ended June 30, 2024
Premiums$35,096 $— $794 $794 $— $(474)$35,416 
Product revenue— 5,530 — 5,530 — — 5,530 
Service fees2,063 1 196 197 17 — 2,277 
Operating revenue - unaffiliated37,159 5,531 990 6,521 17 (474)43,223 
Operating revenue - affiliated— 3,243 3,555 6,798 105 (6,903)— 
Operating revenue - total$37,159 $8,774 $4,545 $13,319 $122 $(7,377)$43,223 
Operating gain (loss)$2,145 $497 $208 $705 $(85)$— $2,765 
Depreciation and amortization of property and equipment— — — — 234 — — 
Three Months Ended June 30, 2023
Premiums$36,233 $— $429 $429 $— $(73)$36,589 
Product revenue— 4,859 — 4,859 — 4,859 
Service fees1,767 — 201 201 (39)1,929 
Operating revenue - unaffiliated38,000 4,859 630 5,489 (39)(73)43,377 
Operating revenue - affiliated— 3,607 2,974 6,581 151 (6,732)— 
Operating revenue - total$38,000 $8,466 $3,604 $12,070 $112 $(6,805)$43,377 
Operating gain (loss)$2,138 $496 $157 $653 $(163)$— $2,628 
Depreciation and amortization of property and equipment— — — — 221 — — 
Carelon
Health
Benefits		CarelonRxCarelon
Services		TotalCorporate
& Other		EliminationsTotal
Six Months Ended June 30, 2024
Premiums$70,478 $— $1,202 $1,202 $— $(568)$71,112 
Product revenue— 10,029 — 10,029 — 10,029 
Service fees3,939 2 393 395 21 4,355 
Operating revenue - unaffiliated74,417 10,031 1,595 11,626 21 (568)85,496 
Operating revenue - affiliated— 6,810 6,959 13,769 228 (13,997)— 
Operating revenue - total$74,417 $16,841 $8,554 $25,395 $249 $(14,565)$85,496 
Operating gain (loss)$4,432 $1,020 $498 $1,518 (169)— 5,781 
Depreciation and amortization of property and equipment— — — — 456 — 
Six Months Ended June 30, 2023
Premiums$71,767 $— $839 $839 $— $(149)$72,457 
Product revenue— 8,881 — 8,881 — 8,881 
Service fees3,513 — 409 409 15 3,937 
Operating revenue - unaffiliated75,280 8,881 1,248 10,129 15 (149)85,275 
Operating revenue - affiliated— 7,609 5,816 13,425 188 (13,613)— 
Operating revenue - total$75,280 $16,490 $7,064 $23,554 $203 $(13,762)$85,275 
Operating gain (loss)
$4,287 $1,008 $386 $1,394 $(222)$— $5,459 
Depreciation and amortization of property and equipment— — — — 439 — — 
Schedule of Reconciliation of Reportable Segments Operating Revenues to Total Revenues Reported in the Consolidated Statements of Income
A reconciliation of reportable segments’ operating revenue to the amounts of total revenues included in our consolidated statements of income for the three and six months ended June 30, 2024 and 2023 is as follows:
 Three Months Ended 
 June 30		Six Months Ended 
 June 30
 2024202320242023
Reportable segments’ operating revenue$43,223 $43,377 $85,496 $85,275 
Net investment income508 416 973 803 
Net losses on financial instruments(85)(121)(246)(234)
Gain on sale of business
240 — 240 — 
Total revenues$43,886 $43,672 $86,463 $85,844 
Schedule of Reconciliation of Income Before Income Tax Expense to Reportable Segments Operating Gain Included in the Consolidated Statements of Income
A reconciliation of income before income tax expense to reportable segments’ operating gain included in our consolidated statements of income for the three and six months ended June 30, 2024 and 2023 is as follows:
 Three Months Ended 
 June 30		Six Months Ended 
 June 30
 2024202320242023
Income before income tax expense$2,986 $2,441 $5,925 $5,060 
Net investment income(508)(416)(973)(803)
Net losses on financial instruments85 121 246 234 
Gain on sale of business
(240)— (240)— 
Interest expense280 261 545 512 
Amortization of other intangible assets162 221 278 456 
Reportable segments’ operating gain$2,765 $2,628 $5,781 $5,459