Operating
Payments For Insurance Benefits
CVS Health Payments For Insurance Benefits decreased by 12.5% to $28.40B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.3%, from $28.48B to $28.40B. Over 3 years (FY 2022 to FY 2025), Payments For Insurance Benefits shows an upward trend with a 20.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026May 6, 2026
How to read this metric
An increase may signal higher medical utilization or rising healthcare costs, while a decrease could indicate lower utilization or improved cost management.
Detailed definition
This represents cash outflows made by an insurance entity to cover medical claims and member benefits. It is the primary...
Peer comparison
Standard for health insurance and managed care providers.
Metric ID:
operating_payments_for_insurance_benefitsHistorical Data
18 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $16.63B | $16.62B | $17.30B | $17.51B | $18.29B | $19.76B | $21.35B | $20.55B | $22.44B | $24.89B | $27.59B | $27.87B | $29.11B | $28.48B | $30.37B | $29.93B | $32.47B | $28.40B |
| QoQ Change | — | -0.1% | +4.1% | +1.2% | +4.5% | +8.0% | +8.1% | -3.8% | +9.2% | +10.9% | +10.8% | +1.0% | +4.4% | -2.2% | +6.6% | -1.5% | +8.5% | -12.5% |
| YoY Change | — | — | — | — | +10.0% | +18.9% | +23.4% | +17.3% | +22.7% | +26.0% | +29.2% | +35.6% | +29.7% | +14.4% | +10.1% | +7.4% | +11.6% | -0.3% |
Range$16.62B – $32.47B
CAGR+13.4%
Avg YoY Growth+18.3%
Median YoY Growth+18.1%
Payments For Insurance Benefits at Other Companies
Frequently Asked Questions
- What is CVS Health's payments for insurance benefits?
- CVS Health (CVS) reported payments for insurance benefits of $28.40B in Q1 2026.
- How has CVS Health's payments for insurance benefits changed year-over-year?
- CVS Health's payments for insurance benefits decreased by 0.3% year-over-year, from $28.48B to $28.40B.
- What is the long-term trend for CVS Health's payments for insurance benefits?
- Over 3 years (2022 to 2025), CVS Health's payments for insurance benefits has grown at a 20.2% compound annual growth rate (CAGR), from $69.73B to $121.24B.
- What does payments for insurance benefits mean?
- Cash paid out to cover medical claims and insurance benefits.