Cost of Revenue
Medical costs
Loews Medical costs increased by 1.2% to $2.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.3%, from $2.03B to $2.18B. Over 4 years (FY 2021 to FY 2025), Medical costs shows an upward trend with a 6.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Lower costs relative to premiums indicate higher underwriting efficiency and better medical cost management.
Detailed definition
This represents the total expenses incurred for medical services, claims, and healthcare delivery provided to policyhold...
Peer comparison
Standard for health insurers; peers often report this as the medical loss ratio component.
Metric ID:
unh_medical_costsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | 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 | $1.55B | $1.63B | $1.69B | $1.48B | $1.60B | $1.88B | $1.69B | $1.65B | $1.78B | $1.83B | $1.81B | $1.81B | $1.88B | $2.02B | $2.03B | $2.03B | $2.09B | $2.03B | $2.15B | $2.18B |
| QoQ Change | — | +5.6% | +3.4% | -12.4% | +8.3% | +17.4% | -9.9% | -2.4% | +7.6% | +2.6% | -0.9% | -0.2% | +4.2% | +7.3% | +0.5% | -0.1% | +2.9% | -2.5% | +5.8% | +1.2% |
| YoY Change | — | — | — | — | +3.6% | +15.2% | +0.4% | +11.8% | +11.1% | -2.9% | +6.8% | +9.3% | +5.8% | +10.6% | +12.2% | +12.2% | +10.8% | +0.6% | +5.9% | +7.3% |
Range$1.48B – $2.18B
CAGR+7.5%
Avg YoY Growth+7.5%
Median YoY Growth+8.3%
Current Streak2 quarters growth
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| CNA Financial | $1.88B | $2.02B | $2.03B | $2.03B | $2.09B | $2.03B | $2.15B | $2.18B |
| Total | $1.88B | $2.02B | $2.03B | $2.03B | $2.09B | $2.03B | $2.15B | $2.18B |
Medical costs at Other Companies
Frequently Asked Questions
- What is Loews's medical costs?
- Loews (L) reported medical costs of $2.18B in Q1 2026.
- How has Loews's medical costs changed year-over-year?
- Loews's medical costs increased by 7.3% year-over-year, from $2.03B to $2.18B.
- What is the long-term trend for Loews's medical costs?
- Over 4 years (2021 to 2025), Loews's medical costs has grown at a 6.8% compound annual growth rate (CAGR), from $6.37B to $8.29B.
- What does medical costs mean?
- The total cost of healthcare services provided to insured members.