CVS · 8-K · 20261104PR000107

Health Care Benefits Performance

CVS HEALTH Corp · 2026-11-04 · Importance 63 · Surprise 64

Health Care Benefits third-quarter revenue increased 2.4% to $36.855 billion, primarily on Government business growth, partly offset by the company’s exit from the individual exchange business in 2026. Government premium revenue grew 8.2% to $28.108 billion, while Commercial premium revenue fell 16.9% to $6.461 billion. Adjusted operating income increased $598 million to $912 million, primarily reflecting improved underlying Government performance; nine-month adjusted operating income rose 76.5% to $6.379 billion.

Key facts

• CVS Health's Health Care Benefits segment medical membership was 26.1 million as of September 30, 2026, consistent with June 30, 2026. source
• Prior years' health care costs payable estimates developed favorably by $1.3 billion during the nine months ended September 30, 2026. source
• CVS Health's Health Care Benefits segment third-quarter 2026 adjusted operating income increased by $598 million to $912 million, primarily driven by improved underlying Government business performance. source
• CVS Health's days claims payable were 41.9 days at September 30, 2026, up 0.2 days from June 30, 2026. source