Products & Services · Current year
Health Insurance Product Line — Current year
CVS Health Health Insurance Product Line — Current year increased by 54.2% to $31.68B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 82.6%, from $17.35B to $31.68B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
How to read this metric
An increase relative to premiums suggests rising medical costs or higher utilization, while a decrease may indicate improved medical management or lower utilization.
Detailed definition
This represents the total medical claims and related adjustment expenses incurred during the current fiscal period for t...
Peer comparison
Standard metric for all health insurers, often compared against premium revenue to derive the medical loss ratio.
Metric ID:
cvs_segment_health_insurance_product_line_current_yearHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $15.06B | $15.29B | $16.44B | $10.23B | $25.74B | $17.35B | $18.23B | $11.96B | $20.55B | $31.68B |
| QoQ Change | — | +1.5% | +7.5% | -37.8% | +151.7% | -32.6% | +5.1% | -34.4% | +71.8% | +54.2% |
| YoY Change | — | — | — | — | +70.9% | +13.5% | +10.9% | +16.9% | -20.2% | +82.6% |
Range$10.23B – $31.68B
CAGR+39.2%
Avg YoY Growth+29.1%
Median YoY Growth+15.2%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is CVS Health's health insurance product line — current year?
- CVS Health (CVS) reported health insurance product line — current year of $31.68B in Q3 2023.
- How has CVS Health's health insurance product line — current year changed year-over-year?
- CVS Health's health insurance product line — current year increased by 82.6% year-over-year, from $17.35B to $31.68B.
- What does health insurance product line — current year mean?
- The total cost of medical claims incurred by the insurance segment during the current year.