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Business Segments · Net investment income

Health Care Benefits — Net investment income

CVS Health Health Care Benefits — Net investment income decreased by 2.7% to $462M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.4%, from $387M to $462M. Over 4 years (FY 2021 to FY 2025), Health Care Benefits — Net investment income shows an upward trend with a 32.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026May 6, 2026

How to read this metric

Higher income suggests effective asset management or a favorable interest rate environment, contributing to overall profitability.

Detailed definition

Income generated from the investment of premiums collected from policyholders before claims are paid. This reflects the...

Peer comparison

Common across all insurance-based business models; peers typically report this as part of non-operating income.

Metric ID: cvs_segment_health_care_benefits_net_investment_income

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$137M$147M$154M$89M$88M$101M$198M$164M$205M$187M$209M$353M$300M$423M$397M$387M$407M$513M$475M$462M
QoQ Change+7.3%+4.8%-42.2%-1.1%+14.8%+96.0%-17.2%+25.0%-8.8%+11.8%+68.9%-15.0%+41.0%-6.1%-2.5%+5.2%+26.0%-7.4%-2.7%
YoY Change-35.8%-31.3%+28.6%+84.3%+133.0%+85.1%+5.6%+115.2%+46.3%+126.2%+90.0%+9.6%+35.7%+21.3%+19.6%+19.4%
Range$88M$513M
CAGR+29.2%
Avg YoY Growth+47.0%
Median YoY Growth+32.1%
Current Streak2 quarters decline

Frequently Asked Questions

What is CVS Health's health care benefits — net investment income?
CVS Health (CVS) reported health care benefits — net investment income of $462M in Q1 2026.
How has CVS Health's health care benefits — net investment income changed year-over-year?
CVS Health's health care benefits — net investment income increased by 19.4% year-over-year, from $387M to $462M.
What is the long-term trend for CVS Health's health care benefits — net investment income?
Over 4 years (2021 to 2025), CVS Health's health care benefits — net investment income has grown at a 32.1% compound annual growth rate (CAGR), from $586M to $1.78B.
What does health care benefits — net investment income mean?
Earnings generated from investing the cash held for insurance premiums.