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What changed: r3 to r4

Added September guidance, member/medical drivers and explicit CMS/claims-float cash comparison.

Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.

FieldBeforeAfter
/business/descriptionOUR BUSINESS Oscar is a leading healthcare technology company built around a full stack technology platform and a relentless focus on member experience. We offer health plans through the ACA serving individuals, families, and employees. We have been challenging the status quo in the healthcare system since our founding in 2012 and are dedicated to making a healthier life accessible and affordable for all. Our technology drives superior experiences, deep engagement, and high-value clinical care, earning us the trust of approximately 2.0 million effectuated members, as of December 31, 2025. Effectuated members are those who are actively enrolled in our plan and have either paid their premium or are within the grace period. In addition to supporting our insurance business, our differentiated technology platform also powers both providers and payors through +Oscar. We offer Campaign Builder, an engagement and recommendation platform that leverages the wisdom from 13+ years of building.Oscar sells individual health plans and related technology services. Direct premiums are reduced by risk-adjustment transfers and applicable reinsurance; medical costs and administration determine underwriting earnings. CMS settlements, unpaid claims and statutory capital make consolidated cash different from cash accessible to the parent.
/business/drivers/0Oscar works to bring new and innovative insurance products to market, built to meet the healthcare needs of consumers from various communities.Average membership, premium pricing and risk-adjustment transfers
/business/drivers/1Our products help remove financial barriers to high-value services, with a focus on leveraging affordable care, clinical strategies, and our innovative.Medical cost per member and seasonal utilization
/business/drivers/2Some of our products incorporate benefits and programs of particular value to certain members, such as our products specifically targeting diabetes, asthma.CMS settlement timing, claims float and insurance capital
/estimates/basisnot yet estimatedDesk base scenario from the operating model; not consensus. Revenue basis: Total revenue ($M).
/estimates/rows/2026Q3/as_ofNone2026-09-19
/estimates/rows/2026Q3/basisNoneDesk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2026Q3/classNoneestimate
/estimates/rows/2026Q3/periodNone2026Q3
/estimates/rows/2026Q3/revenueNone4800000000.0
/estimates/rows/2026Q4/as_ofNone2026-09-19
/estimates/rows/2026Q4/basisNoneDesk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2026Q4/classNoneestimate
/estimates/rows/2026Q4/periodNone2026Q4
/estimates/rows/2026Q4/revenueNone4522586000.0
/estimates/rows/2027Q1/as_ofNone2026-09-19
/estimates/rows/2027Q1/basisNoneDesk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2027Q1/classNoneestimate
/estimates/rows/2027Q1/periodNone2027Q1
/estimates/rows/2027Q1/revenueNone5525999999.999999
/estimates/rows/2027Q2/as_ofNone2026-09-19
/estimates/rows/2027Q2/basisNoneDesk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2027Q2/classNoneestimate
/estimates/rows/2027Q2/periodNone2027Q2
/estimates/rows/2027Q2/revenueNone5390500000.0
/meta/as_of2026-09-182026-09-19
/meta/business_authoredFalseTrue
/meta/extract_accession0001568651-26-000011None
/meta/extract_filed2026-02-13None
/meta/extract_form10-KNone
/meta/extract_sourcefilingauthored
/meta/extract_urlhttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000011/oscr-20251231.htmNone
/meta/research_reviewed_atNone2026-09-19
/meta/research_stageNoneoperating_scenarios
/meta/revision34
/meta/skeletonTrueFalse
/operating_model/cells/base_2026q3_average_members:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_average_members:base/caseNonebase
/operating_model/cells/base_2026q3_average_members:base/idNonebase_2026q3_average_members
/operating_model/cells/base_2026q3_average_members:base/kindNoneassumption
/operating_model/cells/base_2026q3_average_members:base/labelNoneAverage member activity
/operating_model/cells/base_2026q3_average_members:base/periodNone2026Q3
/operating_model/cells/base_2026q3_average_members:base/unitNoneratio
/operating_model/cells/base_2026q3_average_members:base/valueNone2900000.0
/operating_model/cells/base_2026q3_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_capex:base/caseNonebase
/operating_model/cells/base_2026q3_capex:base/idNonebase_2026q3_capex
/operating_model/cells/base_2026q3_capex:base/kindNoneassumption
/operating_model/cells/base_2026q3_capex:base/labelNoneCash PP&E and software
/operating_model/cells/base_2026q3_capex:base/periodNone2026Q3
/operating_model/cells/base_2026q3_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_capex:base/valueNone12.0
/operating_model/cells/base_2026q3_cash_after_capex:base/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/base_2026q3_cash_after_capex:base/caseNonebase
/operating_model/cells/base_2026q3_cash_after_capex:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_cash_after_capex:base/formula/refs/0Nonebase_2026q3_cfo
/operating_model/cells/base_2026q3_cash_after_capex:base/formula/refs/1Nonebase_2026q3_capex
/operating_model/cells/base_2026q3_cash_after_capex:base/idNonebase_2026q3_cash_after_capex
/operating_model/cells/base_2026q3_cash_after_capex:base/kindNonederived
/operating_model/cells/base_2026q3_cash_after_capex:base/labelNoneCFO less cash capex
/operating_model/cells/base_2026q3_cash_after_capex:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_after_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_after_capex:base/valueNone-2388.7
/operating_model/cells/base_2026q3_cash_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_cash_interest:base/caseNonebase
/operating_model/cells/base_2026q3_cash_interest:base/idNonebase_2026q3_cash_interest
/operating_model/cells/base_2026q3_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2026q3_cash_interest:base/labelNoneCorporate cash interest
/operating_model/cells/base_2026q3_cash_interest:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_interest:base/valueNone3.7
/operating_model/cells/base_2026q3_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_cash_tax:base/caseNonebase
/operating_model/cells/base_2026q3_cash_tax:base/idNonebase_2026q3_cash_tax
/operating_model/cells/base_2026q3_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2026q3_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2026q3_cash_tax:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_tax:base/valueNone8.0
/operating_model/cells/base_2026q3_ceded_other:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_ceded_other:base/caseNonebase
/operating_model/cells/base_2026q3_ceded_other:base/idNonebase_2026q3_ceded_other
/operating_model/cells/base_2026q3_ceded_other:base/kindNoneassumption
/operating_model/cells/base_2026q3_ceded_other:base/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/base_2026q3_ceded_other:base/periodNone2026Q3
/operating_model/cells/base_2026q3_ceded_other:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_ceded_other:base/valueNone5.0
/operating_model/cells/base_2026q3_cfo:base/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/base_2026q3_cfo:base/caseNonebase
/operating_model/cells/base_2026q3_cfo:base/formula/opNonesum
/operating_model/cells/base_2026q3_cfo:base/formula/refs/0Nonebase_2026q3_timing_neutral_cfo
/operating_model/cells/base_2026q3_cfo:base/formula/refs/1Nonebase_2026q3_cms_flow
/operating_model/cells/base_2026q3_cfo:base/formula/refs/2Nonebase_2026q3_claims_float
/operating_model/cells/base_2026q3_cfo:base/idNonebase_2026q3_cfo
/operating_model/cells/base_2026q3_cfo:base/kindNonederived
/operating_model/cells/base_2026q3_cfo:base/labelNoneConsolidated operating cash flow
/operating_model/cells/base_2026q3_cfo:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cfo:base/valueNone-2376.7
/operating_model/cells/base_2026q3_claims_float:base/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/base_2026q3_claims_float:base/caseNonebase
/operating_model/cells/base_2026q3_claims_float:base/idNonebase_2026q3_claims_float
/operating_model/cells/base_2026q3_claims_float:base/kindNoneassumption
/operating_model/cells/base_2026q3_claims_float:base/labelNoneBenefits-payable cash-timing change
/operating_model/cells/base_2026q3_claims_float:base/periodNone2026Q3
/operating_model/cells/base_2026q3_claims_float:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_claims_float:base/valueNone250.0
/operating_model/cells/base_2026q3_cms_flow:base/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/base_2026q3_cms_flow:base/caseNonebase
/operating_model/cells/base_2026q3_cms_flow:base/idNonebase_2026q3_cms_flow
/operating_model/cells/base_2026q3_cms_flow:base/kindNoneassumption
/operating_model/cells/base_2026q3_cms_flow:base/labelNoneNet CMS cash-timing change
/operating_model/cells/base_2026q3_cms_flow:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cms_flow:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cms_flow:base/valueNone-2600.0
/operating_model/cells/base_2026q3_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_da:base/caseNonebase
/operating_model/cells/base_2026q3_da:base/idNonebase_2026q3_da
/operating_model/cells/base_2026q3_da:base/kindNoneassumption
/operating_model/cells/base_2026q3_da:base/labelNoneOperating depreciation and amortization
/operating_model/cells/base_2026q3_da:base/periodNone2026Q3
/operating_model/cells/base_2026q3_da:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_da:base/valueNone7.0
/operating_model/cells/base_2026q3_direct_premiums:base/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/base_2026q3_direct_premiums:base/caseNonebase
/operating_model/cells/base_2026q3_direct_premiums:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_direct_premiums:base/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/base_2026q3_direct_premiums:base/formula/refs/1Nonebase_2026q3_member_index
/operating_model/cells/base_2026q3_direct_premiums:base/formula/refs/2Nonebase_2026q3_premium_realization
/operating_model/cells/base_2026q3_direct_premiums:base/idNonebase_2026q3_direct_premiums
/operating_model/cells/base_2026q3_direct_premiums:base/kindNonederived
/operating_model/cells/base_2026q3_direct_premiums:base/labelNoneDirect policy premiums
/operating_model/cells/base_2026q3_direct_premiums:base/periodNone2026Q3
/operating_model/cells/base_2026q3_direct_premiums:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_direct_premiums:base/valueNone5700.0
/operating_model/cells/base_2026q3_investment_income:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_investment_income:base/caseNonebase
/operating_model/cells/base_2026q3_investment_income:base/idNonebase_2026q3_investment_income
/operating_model/cells/base_2026q3_investment_income:base/kindNoneassumption
/operating_model/cells/base_2026q3_investment_income:base/labelNoneInvestment income
/operating_model/cells/base_2026q3_investment_income:base/periodNone2026Q3
/operating_model/cells/base_2026q3_investment_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_investment_income:base/valueNone94.0
/operating_model/cells/base_2026q3_medical:base/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/base_2026q3_medical:base/caseNonebase
/operating_model/cells/base_2026q3_medical:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_medical:base/formula/refs/0Noneq2_medical
/operating_model/cells/base_2026q3_medical:base/formula/refs/1Nonebase_2026q3_member_index
/operating_model/cells/base_2026q3_medical:base/formula/refs/2Nonebase_2026q3_medical_realization
/operating_model/cells/base_2026q3_medical:base/idNonebase_2026q3_medical
/operating_model/cells/base_2026q3_medical:base/kindNonederived
/operating_model/cells/base_2026q3_medical:base/labelNoneMedical costs
/operating_model/cells/base_2026q3_medical:base/periodNone2026Q3
/operating_model/cells/base_2026q3_medical:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_medical:base/valueNone4000.0000000000005
/operating_model/cells/base_2026q3_medical_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_medical_realization:base/caseNonebase
/operating_model/cells/base_2026q3_medical_realization:base/idNonebase_2026q3_medical_realization
/operating_model/cells/base_2026q3_medical_realization:base/kindNoneassumption
/operating_model/cells/base_2026q3_medical_realization:base/labelNoneMedical cost per member versus reference
/operating_model/cells/base_2026q3_medical_realization:base/periodNone2026Q3
/operating_model/cells/base_2026q3_medical_realization:base/unitNoneratio
/operating_model/cells/base_2026q3_medical_realization:base/valueNone1.0770743311195254
/operating_model/cells/base_2026q3_member_index:base/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/base_2026q3_member_index:base/caseNonebase
/operating_model/cells/base_2026q3_member_index:base/formula/opNonedivide
/operating_model/cells/base_2026q3_member_index:base/formula/refs/0Nonebase_2026q3_average_members
/operating_model/cells/base_2026q3_member_index:base/formula/refs/1Noneq2_members
/operating_model/cells/base_2026q3_member_index:base/idNonebase_2026q3_member_index
/operating_model/cells/base_2026q3_member_index:base/kindNonederived
/operating_model/cells/base_2026q3_member_index:base/labelNoneAverage member activity / June reference
/operating_model/cells/base_2026q3_member_index:base/periodNone2026Q3
/operating_model/cells/base_2026q3_member_index:base/unitNoneratio
/operating_model/cells/base_2026q3_member_index:base/valueNone0.9787371051386398
/operating_model/cells/base_2026q3_mlr:base/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/base_2026q3_mlr:base/caseNonebase
/operating_model/cells/base_2026q3_mlr:base/formula/opNonedivide
/operating_model/cells/base_2026q3_mlr:base/formula/refs/0Nonebase_2026q3_medical
/operating_model/cells/base_2026q3_mlr:base/formula/refs/1Nonebase_2026q3_premium
/operating_model/cells/base_2026q3_mlr:base/idNonebase_2026q3_mlr
/operating_model/cells/base_2026q3_mlr:base/kindNonederived
/operating_model/cells/base_2026q3_mlr:base/labelNoneImplied medical loss ratio
/operating_model/cells/base_2026q3_mlr:base/periodNone2026Q3
/operating_model/cells/base_2026q3_mlr:base/unitNoneratio
/operating_model/cells/base_2026q3_mlr:base/valueNone0.8510638297872342
/operating_model/cells/base_2026q3_operating_cash_bridge:base/basisNoneNo separate reserve-income addback.
/operating_model/cells/base_2026q3_operating_cash_bridge:base/caseNonebase
/operating_model/cells/base_2026q3_operating_cash_bridge:base/formula/opNonesum
/operating_model/cells/base_2026q3_operating_cash_bridge:base/formula/refs/0Nonebase_2026q3_operating_income
/operating_model/cells/base_2026q3_operating_cash_bridge:base/formula/refs/1Nonebase_2026q3_sbc
/operating_model/cells/base_2026q3_operating_cash_bridge:base/formula/refs/2Nonebase_2026q3_da
/operating_model/cells/base_2026q3_operating_cash_bridge:base/formula/refs/3Nonebase_2026q3_premium_credit_loss
/operating_model/cells/base_2026q3_operating_cash_bridge:base/idNonebase_2026q3_operating_cash_bridge
/operating_model/cells/base_2026q3_operating_cash_bridge:base/kindNonederived
/operating_model/cells/base_2026q3_operating_cash_bridge:base/labelNoneOperating earnings plus noncash costs
/operating_model/cells/base_2026q3_operating_cash_bridge:base/periodNone2026Q3
/operating_model/cells/base_2026q3_operating_cash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_operating_cash_bridge:base/valueNone50.0
/operating_model/cells/base_2026q3_operating_cost:base/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/base_2026q3_operating_cost:base/caseNonebase
/operating_model/cells/base_2026q3_operating_cost:base/formula/opNonesum
/operating_model/cells/base_2026q3_operating_cost:base/formula/refs/0Nonebase_2026q3_medical
/operating_model/cells/base_2026q3_operating_cost:base/formula/refs/1Nonebase_2026q3_sga
/operating_model/cells/base_2026q3_operating_cost:base/formula/refs/2Nonebase_2026q3_da
/operating_model/cells/base_2026q3_operating_cost:base/idNonebase_2026q3_operating_cost
/operating_model/cells/base_2026q3_operating_cost:base/kindNonederived
/operating_model/cells/base_2026q3_operating_cost:base/labelNoneMedical SG&A and D&A
/operating_model/cells/base_2026q3_operating_cost:base/periodNone2026Q3
/operating_model/cells/base_2026q3_operating_cost:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_operating_cost:base/valueNone4797.0
/operating_model/cells/base_2026q3_operating_income:base/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/base_2026q3_operating_income:base/caseNonebase
/operating_model/cells/base_2026q3_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_operating_income:base/formula/refs/0Nonebase_2026q3_revenue
/operating_model/cells/base_2026q3_operating_income:base/formula/refs/1Nonebase_2026q3_operating_cost
/operating_model/cells/base_2026q3_operating_income:base/idNonebase_2026q3_operating_income
/operating_model/cells/base_2026q3_operating_income:base/kindNonederived
/operating_model/cells/base_2026q3_operating_income:base/labelNoneEarnings from operations
/operating_model/cells/base_2026q3_operating_income:base/periodNone2026Q3
/operating_model/cells/base_2026q3_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_operating_income:base/valueNone3.0
/operating_model/cells/base_2026q3_other_operating_cash:base/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/base_2026q3_other_operating_cash:base/caseNonebase
/operating_model/cells/base_2026q3_other_operating_cash:base/formula/opNonesum
/operating_model/cells/base_2026q3_other_operating_cash:base/formula/refs/0Nonebase_2026q3_cash_interest
/operating_model/cells/base_2026q3_other_operating_cash:base/formula/refs/1Nonebase_2026q3_cash_tax
/operating_model/cells/base_2026q3_other_operating_cash:base/formula/refs/2Nonebase_2026q3_other_working_capital
/operating_model/cells/base_2026q3_other_operating_cash:base/idNonebase_2026q3_other_operating_cash
/operating_model/cells/base_2026q3_other_operating_cash:base/kindNonederived
/operating_model/cells/base_2026q3_other_operating_cash:base/labelNoneInterest tax and other working capital uses
/operating_model/cells/base_2026q3_other_operating_cash:base/periodNone2026Q3
/operating_model/cells/base_2026q3_other_operating_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_other_operating_cash:base/valueNone76.7
/operating_model/cells/base_2026q3_other_revenue:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_other_revenue:base/caseNonebase
/operating_model/cells/base_2026q3_other_revenue:base/idNonebase_2026q3_other_revenue
/operating_model/cells/base_2026q3_other_revenue:base/kindNoneassumption
/operating_model/cells/base_2026q3_other_revenue:base/labelNoneOther revenue
/operating_model/cells/base_2026q3_other_revenue:base/periodNone2026Q3
/operating_model/cells/base_2026q3_other_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_other_revenue:base/valueNone6.0
/operating_model/cells/base_2026q3_other_working_capital:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_other_working_capital:base/caseNonebase
/operating_model/cells/base_2026q3_other_working_capital:base/idNonebase_2026q3_other_working_capital
/operating_model/cells/base_2026q3_other_working_capital:base/kindNoneassumption
/operating_model/cells/base_2026q3_other_working_capital:base/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/base_2026q3_other_working_capital:base/periodNone2026Q3
/operating_model/cells/base_2026q3_other_working_capital:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_other_working_capital:base/valueNone65.0
/operating_model/cells/base_2026q3_premium:base/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/base_2026q3_premium:base/caseNonebase
/operating_model/cells/base_2026q3_premium:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_premium:base/formula/refs/0Nonebase_2026q3_direct_premiums
/operating_model/cells/base_2026q3_premium:base/formula/refs/1Nonebase_2026q3_premium_deductions
/operating_model/cells/base_2026q3_premium:base/idNonebase_2026q3_premium
/operating_model/cells/base_2026q3_premium:base/kindNonederived
/operating_model/cells/base_2026q3_premium:base/labelNoneNet recognized premiums
/operating_model/cells/base_2026q3_premium:base/periodNone2026Q3
/operating_model/cells/base_2026q3_premium:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_premium:base/valueNone4700.0
/operating_model/cells/base_2026q3_premium_credit_loss:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_premium_credit_loss:base/caseNonebase
/operating_model/cells/base_2026q3_premium_credit_loss:base/idNonebase_2026q3_premium_credit_loss
/operating_model/cells/base_2026q3_premium_credit_loss:base/kindNoneassumption
/operating_model/cells/base_2026q3_premium_credit_loss:base/labelNoneNoncash premium credit-loss provision
/operating_model/cells/base_2026q3_premium_credit_loss:base/periodNone2026Q3
/operating_model/cells/base_2026q3_premium_credit_loss:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_premium_credit_loss:base/valueNone20.0
/operating_model/cells/base_2026q3_premium_deductions:base/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/base_2026q3_premium_deductions:base/caseNonebase
/operating_model/cells/base_2026q3_premium_deductions:base/formula/opNonesum
/operating_model/cells/base_2026q3_premium_deductions:base/formula/refs/0Nonebase_2026q3_risk_transfer
/operating_model/cells/base_2026q3_premium_deductions:base/formula/refs/1Nonebase_2026q3_ceded_other
/operating_model/cells/base_2026q3_premium_deductions:base/idNonebase_2026q3_premium_deductions
/operating_model/cells/base_2026q3_premium_deductions:base/kindNonederived
/operating_model/cells/base_2026q3_premium_deductions:base/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/base_2026q3_premium_deductions:base/periodNone2026Q3
/operating_model/cells/base_2026q3_premium_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_premium_deductions:base/valueNone1000.0
/operating_model/cells/base_2026q3_premium_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_premium_realization:base/caseNonebase
/operating_model/cells/base_2026q3_premium_realization:base/idNonebase_2026q3_premium_realization
/operating_model/cells/base_2026q3_premium_realization:base/kindNoneassumption
/operating_model/cells/base_2026q3_premium_realization:base/labelNonePremium realization versus reference
/operating_model/cells/base_2026q3_premium_realization:base/periodNone2026Q3
/operating_model/cells/base_2026q3_premium_realization:base/unitNoneratio
/operating_model/cells/base_2026q3_premium_realization:base/valueNone1.0277708246954813
/operating_model/cells/base_2026q3_revenue:base/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/base_2026q3_revenue:base/caseNonebase
/operating_model/cells/base_2026q3_revenue:base/formula/opNonesum
/operating_model/cells/base_2026q3_revenue:base/formula/refs/0Nonebase_2026q3_premium
/operating_model/cells/base_2026q3_revenue:base/formula/refs/1Nonebase_2026q3_investment_income
/operating_model/cells/base_2026q3_revenue:base/formula/refs/2Nonebase_2026q3_other_revenue
/operating_model/cells/base_2026q3_revenue:base/idNonebase_2026q3_revenue
/operating_model/cells/base_2026q3_revenue:base/kindNonederived
/operating_model/cells/base_2026q3_revenue:base/labelNoneTotal revenue
/operating_model/cells/base_2026q3_revenue:base/periodNone2026Q3
/operating_model/cells/base_2026q3_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_revenue:base/valueNone4800.0
/operating_model/cells/base_2026q3_risk_transfer:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_risk_transfer:base/caseNonebase
/operating_model/cells/base_2026q3_risk_transfer:base/idNonebase_2026q3_risk_transfer
/operating_model/cells/base_2026q3_risk_transfer:base/kindNoneassumption
/operating_model/cells/base_2026q3_risk_transfer:base/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/base_2026q3_risk_transfer:base/periodNone2026Q3
/operating_model/cells/base_2026q3_risk_transfer:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_risk_transfer:base/valueNone995.0
/operating_model/cells/base_2026q3_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_sbc:base/caseNonebase
/operating_model/cells/base_2026q3_sbc:base/idNonebase_2026q3_sbc
/operating_model/cells/base_2026q3_sbc:base/kindNoneassumption
/operating_model/cells/base_2026q3_sbc:base/labelNoneSBC cash-flow addback
/operating_model/cells/base_2026q3_sbc:base/periodNone2026Q3
/operating_model/cells/base_2026q3_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_sbc:base/valueNone20.0
/operating_model/cells/base_2026q3_sga:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_sga:base/caseNonebase
/operating_model/cells/base_2026q3_sga:base/idNonebase_2026q3_sga
/operating_model/cells/base_2026q3_sga:base/kindNoneassumption
/operating_model/cells/base_2026q3_sga:base/labelNoneSG&A expense
/operating_model/cells/base_2026q3_sga:base/periodNone2026Q3
/operating_model/cells/base_2026q3_sga:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_sga:base/valueNone790.0
/operating_model/cells/base_2026q3_timing_neutral_cash:base/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/base_2026q3_timing_neutral_cash:base/caseNonebase
/operating_model/cells/base_2026q3_timing_neutral_cash:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_timing_neutral_cash:base/formula/refs/0Nonebase_2026q3_timing_neutral_cfo
/operating_model/cells/base_2026q3_timing_neutral_cash:base/formula/refs/1Nonebase_2026q3_capex
/operating_model/cells/base_2026q3_timing_neutral_cash:base/idNonebase_2026q3_timing_neutral_cash
/operating_model/cells/base_2026q3_timing_neutral_cash:base/kindNonederived
/operating_model/cells/base_2026q3_timing_neutral_cash:base/labelNoneCash excluding specified float and capex
/operating_model/cells/base_2026q3_timing_neutral_cash:base/periodNone2026Q3
/operating_model/cells/base_2026q3_timing_neutral_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_timing_neutral_cash:base/valueNone-38.7
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/caseNonebase
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/formula/refs/0Nonebase_2026q3_operating_cash_bridge
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/formula/refs/1Nonebase_2026q3_other_operating_cash
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/idNonebase_2026q3_timing_neutral_cfo
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/kindNonederived
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/labelNoneCFO before specified float movements
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/periodNone2026Q3
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_timing_neutral_cfo:base/valueNone-26.700000000000003
/operating_model/cells/base_2026q4_average_members:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_average_members:base/caseNonebase
/operating_model/cells/base_2026q4_average_members:base/idNonebase_2026q4_average_members
/operating_model/cells/base_2026q4_average_members:base/kindNoneassumption
/operating_model/cells/base_2026q4_average_members:base/labelNoneAverage member activity
/operating_model/cells/base_2026q4_average_members:base/periodNone2026Q4
/operating_model/cells/base_2026q4_average_members:base/unitNoneratio
/operating_model/cells/base_2026q4_average_members:base/valueNone2750000.0
/operating_model/cells/base_2026q4_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_capex:base/caseNonebase
/operating_model/cells/base_2026q4_capex:base/idNonebase_2026q4_capex
/operating_model/cells/base_2026q4_capex:base/kindNoneassumption
/operating_model/cells/base_2026q4_capex:base/labelNoneCash PP&E and software
/operating_model/cells/base_2026q4_capex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_capex:base/valueNone13.0
/operating_model/cells/base_2026q4_cash_after_capex:base/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/base_2026q4_cash_after_capex:base/caseNonebase
/operating_model/cells/base_2026q4_cash_after_capex:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_cash_after_capex:base/formula/refs/0Nonebase_2026q4_cfo
/operating_model/cells/base_2026q4_cash_after_capex:base/formula/refs/1Nonebase_2026q4_capex
/operating_model/cells/base_2026q4_cash_after_capex:base/idNonebase_2026q4_cash_after_capex
/operating_model/cells/base_2026q4_cash_after_capex:base/kindNonederived
/operating_model/cells/base_2026q4_cash_after_capex:base/labelNoneCFO less cash capex
/operating_model/cells/base_2026q4_cash_after_capex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_after_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_after_capex:base/valueNone593.5799999999997
/operating_model/cells/base_2026q4_cash_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_cash_interest:base/caseNonebase
/operating_model/cells/base_2026q4_cash_interest:base/idNonebase_2026q4_cash_interest
/operating_model/cells/base_2026q4_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2026q4_cash_interest:base/labelNoneCorporate cash interest
/operating_model/cells/base_2026q4_cash_interest:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_interest:base/valueNone3.7
/operating_model/cells/base_2026q4_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_cash_tax:base/caseNonebase
/operating_model/cells/base_2026q4_cash_tax:base/idNonebase_2026q4_cash_tax
/operating_model/cells/base_2026q4_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2026q4_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2026q4_cash_tax:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_tax:base/valueNone10.0
/operating_model/cells/base_2026q4_ceded_other:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_ceded_other:base/caseNonebase
/operating_model/cells/base_2026q4_ceded_other:base/idNonebase_2026q4_ceded_other
/operating_model/cells/base_2026q4_ceded_other:base/kindNoneassumption
/operating_model/cells/base_2026q4_ceded_other:base/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/base_2026q4_ceded_other:base/periodNone2026Q4
/operating_model/cells/base_2026q4_ceded_other:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_ceded_other:base/valueNone5.0
/operating_model/cells/base_2026q4_cfo:base/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/base_2026q4_cfo:base/caseNonebase
/operating_model/cells/base_2026q4_cfo:base/formula/opNonesum
/operating_model/cells/base_2026q4_cfo:base/formula/refs/0Nonebase_2026q4_timing_neutral_cfo
/operating_model/cells/base_2026q4_cfo:base/formula/refs/1Nonebase_2026q4_cms_flow
/operating_model/cells/base_2026q4_cfo:base/formula/refs/2Nonebase_2026q4_claims_float
/operating_model/cells/base_2026q4_cfo:base/idNonebase_2026q4_cfo
/operating_model/cells/base_2026q4_cfo:base/kindNonederived
/operating_model/cells/base_2026q4_cfo:base/labelNoneConsolidated operating cash flow
/operating_model/cells/base_2026q4_cfo:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cfo:base/valueNone606.5799999999997
/operating_model/cells/base_2026q4_claims_float:base/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/base_2026q4_claims_float:base/caseNonebase
/operating_model/cells/base_2026q4_claims_float:base/idNonebase_2026q4_claims_float
/operating_model/cells/base_2026q4_claims_float:base/kindNoneassumption
/operating_model/cells/base_2026q4_claims_float:base/labelNoneBenefits-payable cash-timing change
/operating_model/cells/base_2026q4_claims_float:base/periodNone2026Q4
/operating_model/cells/base_2026q4_claims_float:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_claims_float:base/valueNone135.0
/operating_model/cells/base_2026q4_cms_flow:base/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/base_2026q4_cms_flow:base/caseNonebase
/operating_model/cells/base_2026q4_cms_flow:base/idNonebase_2026q4_cms_flow
/operating_model/cells/base_2026q4_cms_flow:base/kindNoneassumption
/operating_model/cells/base_2026q4_cms_flow:base/labelNoneNet CMS cash-timing change
/operating_model/cells/base_2026q4_cms_flow:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cms_flow:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cms_flow:base/valueNone900.0
/operating_model/cells/base_2026q4_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_da:base/caseNonebase
/operating_model/cells/base_2026q4_da:base/idNonebase_2026q4_da
/operating_model/cells/base_2026q4_da:base/kindNoneassumption
/operating_model/cells/base_2026q4_da:base/labelNoneOperating depreciation and amortization
/operating_model/cells/base_2026q4_da:base/periodNone2026Q4
/operating_model/cells/base_2026q4_da:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_da:base/valueNone7.0
/operating_model/cells/base_2026q4_direct_premiums:base/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/base_2026q4_direct_premiums:base/caseNonebase
/operating_model/cells/base_2026q4_direct_premiums:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_direct_premiums:base/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/base_2026q4_direct_premiums:base/formula/refs/1Nonebase_2026q4_member_index
/operating_model/cells/base_2026q4_direct_premiums:base/formula/refs/2Nonebase_2026q4_premium_realization
/operating_model/cells/base_2026q4_direct_premiums:base/idNonebase_2026q4_direct_premiums
/operating_model/cells/base_2026q4_direct_premiums:base/kindNonederived
/operating_model/cells/base_2026q4_direct_premiums:base/labelNoneDirect policy premiums
/operating_model/cells/base_2026q4_direct_premiums:base/periodNone2026Q4
/operating_model/cells/base_2026q4_direct_premiums:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_direct_premiums:base/valueNone5450.0
/operating_model/cells/base_2026q4_investment_income:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_investment_income:base/caseNonebase
/operating_model/cells/base_2026q4_investment_income:base/idNonebase_2026q4_investment_income
/operating_model/cells/base_2026q4_investment_income:base/kindNoneassumption
/operating_model/cells/base_2026q4_investment_income:base/labelNoneInvestment income
/operating_model/cells/base_2026q4_investment_income:base/periodNone2026Q4
/operating_model/cells/base_2026q4_investment_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_investment_income:base/valueNone100.0
/operating_model/cells/base_2026q4_medical:base/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/base_2026q4_medical:base/caseNonebase
/operating_model/cells/base_2026q4_medical:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_medical:base/formula/refs/0Noneq2_medical
/operating_model/cells/base_2026q4_medical:base/formula/refs/1Nonebase_2026q4_member_index
/operating_model/cells/base_2026q4_medical:base/formula/refs/2Nonebase_2026q4_medical_realization
/operating_model/cells/base_2026q4_medical:base/idNonebase_2026q4_medical
/operating_model/cells/base_2026q4_medical:base/kindNonederived
/operating_model/cells/base_2026q4_medical:base/labelNoneMedical costs
/operating_model/cells/base_2026q4_medical:base/periodNone2026Q4
/operating_model/cells/base_2026q4_medical:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_medical:base/valueNone4110.895
/operating_model/cells/base_2026q4_medical_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_medical_realization:base/caseNonebase
/operating_model/cells/base_2026q4_medical_realization:base/idNonebase_2026q4_medical_realization
/operating_model/cells/base_2026q4_medical_realization:base/kindNoneassumption
/operating_model/cells/base_2026q4_medical_realization:base/labelNoneMedical cost per member versus reference
/operating_model/cells/base_2026q4_medical_realization:base/periodNone2026Q4
/operating_model/cells/base_2026q4_medical_realization:base/unitNoneratio
/operating_model/cells/base_2026q4_medical_realization:base/valueNone1.1673131362763678
/operating_model/cells/base_2026q4_member_index:base/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/base_2026q4_member_index:base/caseNonebase
/operating_model/cells/base_2026q4_member_index:base/formula/opNonedivide
/operating_model/cells/base_2026q4_member_index:base/formula/refs/0Nonebase_2026q4_average_members
/operating_model/cells/base_2026q4_member_index:base/formula/refs/1Noneq2_members
/operating_model/cells/base_2026q4_member_index:base/idNonebase_2026q4_member_index
/operating_model/cells/base_2026q4_member_index:base/kindNonederived
/operating_model/cells/base_2026q4_member_index:base/labelNoneAverage member activity / June reference
/operating_model/cells/base_2026q4_member_index:base/periodNone2026Q4
/operating_model/cells/base_2026q4_member_index:base/unitNoneratio
/operating_model/cells/base_2026q4_member_index:base/valueNone0.9281127721142274
/operating_model/cells/base_2026q4_mlr:base/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/base_2026q4_mlr:base/caseNonebase
/operating_model/cells/base_2026q4_mlr:base/formula/opNonedivide
/operating_model/cells/base_2026q4_mlr:base/formula/refs/0Nonebase_2026q4_medical
/operating_model/cells/base_2026q4_mlr:base/formula/refs/1Nonebase_2026q4_premium
/operating_model/cells/base_2026q4_mlr:base/idNonebase_2026q4_mlr
/operating_model/cells/base_2026q4_mlr:base/kindNonederived
/operating_model/cells/base_2026q4_mlr:base/labelNoneImplied medical loss ratio
/operating_model/cells/base_2026q4_mlr:base/periodNone2026Q4
/operating_model/cells/base_2026q4_mlr:base/unitNoneratio
/operating_model/cells/base_2026q4_mlr:base/valueNone0.930785679255425
/operating_model/cells/base_2026q4_operating_cash_bridge:base/basisNoneNo separate reserve-income addback.
/operating_model/cells/base_2026q4_operating_cash_bridge:base/caseNonebase
/operating_model/cells/base_2026q4_operating_cash_bridge:base/formula/opNonesum
/operating_model/cells/base_2026q4_operating_cash_bridge:base/formula/refs/0Nonebase_2026q4_operating_income
/operating_model/cells/base_2026q4_operating_cash_bridge:base/formula/refs/1Nonebase_2026q4_sbc
/operating_model/cells/base_2026q4_operating_cash_bridge:base/formula/refs/2Nonebase_2026q4_da
/operating_model/cells/base_2026q4_operating_cash_bridge:base/formula/refs/3Nonebase_2026q4_premium_credit_loss
/operating_model/cells/base_2026q4_operating_cash_bridge:base/idNonebase_2026q4_operating_cash_bridge
/operating_model/cells/base_2026q4_operating_cash_bridge:base/kindNonederived
/operating_model/cells/base_2026q4_operating_cash_bridge:base/labelNoneOperating earnings plus noncash costs
/operating_model/cells/base_2026q4_operating_cash_bridge:base/periodNone2026Q4
/operating_model/cells/base_2026q4_operating_cash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_operating_cash_bridge:base/valueNone-344.72000000000025
/operating_model/cells/base_2026q4_operating_cost:base/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/base_2026q4_operating_cost:base/caseNonebase
/operating_model/cells/base_2026q4_operating_cost:base/formula/opNonesum
/operating_model/cells/base_2026q4_operating_cost:base/formula/refs/0Nonebase_2026q4_medical
/operating_model/cells/base_2026q4_operating_cost:base/formula/refs/1Nonebase_2026q4_sga
/operating_model/cells/base_2026q4_operating_cost:base/formula/refs/2Nonebase_2026q4_da
/operating_model/cells/base_2026q4_operating_cost:base/idNonebase_2026q4_operating_cost
/operating_model/cells/base_2026q4_operating_cost:base/kindNonederived
/operating_model/cells/base_2026q4_operating_cost:base/labelNoneMedical SG&A and D&A
/operating_model/cells/base_2026q4_operating_cost:base/periodNone2026Q4
/operating_model/cells/base_2026q4_operating_cost:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_operating_cost:base/valueNone4918.3060000000005
/operating_model/cells/base_2026q4_operating_income:base/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/base_2026q4_operating_income:base/caseNonebase
/operating_model/cells/base_2026q4_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_operating_income:base/formula/refs/0Nonebase_2026q4_revenue
/operating_model/cells/base_2026q4_operating_income:base/formula/refs/1Nonebase_2026q4_operating_cost
/operating_model/cells/base_2026q4_operating_income:base/idNonebase_2026q4_operating_income
/operating_model/cells/base_2026q4_operating_income:base/kindNonederived
/operating_model/cells/base_2026q4_operating_income:base/labelNoneEarnings from operations
/operating_model/cells/base_2026q4_operating_income:base/periodNone2026Q4
/operating_model/cells/base_2026q4_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_operating_income:base/valueNone-395.72000000000025
/operating_model/cells/base_2026q4_other_operating_cash:base/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/base_2026q4_other_operating_cash:base/caseNonebase
/operating_model/cells/base_2026q4_other_operating_cash:base/formula/opNonesum
/operating_model/cells/base_2026q4_other_operating_cash:base/formula/refs/0Nonebase_2026q4_cash_interest
/operating_model/cells/base_2026q4_other_operating_cash:base/formula/refs/1Nonebase_2026q4_cash_tax
/operating_model/cells/base_2026q4_other_operating_cash:base/formula/refs/2Nonebase_2026q4_other_working_capital
/operating_model/cells/base_2026q4_other_operating_cash:base/idNonebase_2026q4_other_operating_cash
/operating_model/cells/base_2026q4_other_operating_cash:base/kindNonederived
/operating_model/cells/base_2026q4_other_operating_cash:base/labelNoneInterest tax and other working capital uses
/operating_model/cells/base_2026q4_other_operating_cash:base/periodNone2026Q4
/operating_model/cells/base_2026q4_other_operating_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_other_operating_cash:base/valueNone83.7
/operating_model/cells/base_2026q4_other_revenue:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_other_revenue:base/caseNonebase
/operating_model/cells/base_2026q4_other_revenue:base/idNonebase_2026q4_other_revenue
/operating_model/cells/base_2026q4_other_revenue:base/kindNoneassumption
/operating_model/cells/base_2026q4_other_revenue:base/labelNoneOther revenue
/operating_model/cells/base_2026q4_other_revenue:base/periodNone2026Q4
/operating_model/cells/base_2026q4_other_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_other_revenue:base/valueNone6.0
/operating_model/cells/base_2026q4_other_working_capital:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_other_working_capital:base/caseNonebase
/operating_model/cells/base_2026q4_other_working_capital:base/idNonebase_2026q4_other_working_capital
/operating_model/cells/base_2026q4_other_working_capital:base/kindNoneassumption
/operating_model/cells/base_2026q4_other_working_capital:base/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/base_2026q4_other_working_capital:base/periodNone2026Q4
/operating_model/cells/base_2026q4_other_working_capital:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_other_working_capital:base/valueNone70.0
/operating_model/cells/base_2026q4_premium:base/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/base_2026q4_premium:base/caseNonebase
/operating_model/cells/base_2026q4_premium:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_premium:base/formula/refs/0Nonebase_2026q4_direct_premiums
/operating_model/cells/base_2026q4_premium:base/formula/refs/1Nonebase_2026q4_premium_deductions
/operating_model/cells/base_2026q4_premium:base/idNonebase_2026q4_premium
/operating_model/cells/base_2026q4_premium:base/kindNonederived
/operating_model/cells/base_2026q4_premium:base/labelNoneNet recognized premiums
/operating_model/cells/base_2026q4_premium:base/periodNone2026Q4
/operating_model/cells/base_2026q4_premium:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_premium:base/valueNone4416.586
/operating_model/cells/base_2026q4_premium_credit_loss:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_premium_credit_loss:base/caseNonebase
/operating_model/cells/base_2026q4_premium_credit_loss:base/idNonebase_2026q4_premium_credit_loss
/operating_model/cells/base_2026q4_premium_credit_loss:base/kindNoneassumption
/operating_model/cells/base_2026q4_premium_credit_loss:base/labelNoneNoncash premium credit-loss provision
/operating_model/cells/base_2026q4_premium_credit_loss:base/periodNone2026Q4
/operating_model/cells/base_2026q4_premium_credit_loss:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_premium_credit_loss:base/valueNone22.0
/operating_model/cells/base_2026q4_premium_deductions:base/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/base_2026q4_premium_deductions:base/caseNonebase
/operating_model/cells/base_2026q4_premium_deductions:base/formula/opNonesum
/operating_model/cells/base_2026q4_premium_deductions:base/formula/refs/0Nonebase_2026q4_risk_transfer
/operating_model/cells/base_2026q4_premium_deductions:base/formula/refs/1Nonebase_2026q4_ceded_other
/operating_model/cells/base_2026q4_premium_deductions:base/idNonebase_2026q4_premium_deductions
/operating_model/cells/base_2026q4_premium_deductions:base/kindNonederived
/operating_model/cells/base_2026q4_premium_deductions:base/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/base_2026q4_premium_deductions:base/periodNone2026Q4
/operating_model/cells/base_2026q4_premium_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_premium_deductions:base/valueNone1033.414
/operating_model/cells/base_2026q4_premium_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_premium_realization:base/caseNonebase
/operating_model/cells/base_2026q4_premium_realization:base/idNonebase_2026q4_premium_realization
/operating_model/cells/base_2026q4_premium_realization:base/kindNoneassumption
/operating_model/cells/base_2026q4_premium_realization:base/labelNonePremium realization versus reference
/operating_model/cells/base_2026q4_premium_realization:base/periodNone2026Q4
/operating_model/cells/base_2026q4_premium_realization:base/unitNoneratio
/operating_model/cells/base_2026q4_premium_realization:base/valueNone1.0362946018699892
/operating_model/cells/base_2026q4_revenue:base/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/base_2026q4_revenue:base/caseNonebase
/operating_model/cells/base_2026q4_revenue:base/formula/opNonesum
/operating_model/cells/base_2026q4_revenue:base/formula/refs/0Nonebase_2026q4_premium
/operating_model/cells/base_2026q4_revenue:base/formula/refs/1Nonebase_2026q4_investment_income
/operating_model/cells/base_2026q4_revenue:base/formula/refs/2Nonebase_2026q4_other_revenue
/operating_model/cells/base_2026q4_revenue:base/idNonebase_2026q4_revenue
/operating_model/cells/base_2026q4_revenue:base/kindNonederived
/operating_model/cells/base_2026q4_revenue:base/labelNoneTotal revenue
/operating_model/cells/base_2026q4_revenue:base/periodNone2026Q4
/operating_model/cells/base_2026q4_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_revenue:base/valueNone4522.586
/operating_model/cells/base_2026q4_risk_transfer:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_risk_transfer:base/caseNonebase
/operating_model/cells/base_2026q4_risk_transfer:base/idNonebase_2026q4_risk_transfer
/operating_model/cells/base_2026q4_risk_transfer:base/kindNoneassumption
/operating_model/cells/base_2026q4_risk_transfer:base/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/base_2026q4_risk_transfer:base/periodNone2026Q4
/operating_model/cells/base_2026q4_risk_transfer:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_risk_transfer:base/valueNone1028.414
/operating_model/cells/base_2026q4_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_sbc:base/caseNonebase
/operating_model/cells/base_2026q4_sbc:base/idNonebase_2026q4_sbc
/operating_model/cells/base_2026q4_sbc:base/kindNoneassumption
/operating_model/cells/base_2026q4_sbc:base/labelNoneSBC cash-flow addback
/operating_model/cells/base_2026q4_sbc:base/periodNone2026Q4
/operating_model/cells/base_2026q4_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_sbc:base/valueNone22.0
/operating_model/cells/base_2026q4_sga:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_sga:base/caseNonebase
/operating_model/cells/base_2026q4_sga:base/idNonebase_2026q4_sga
/operating_model/cells/base_2026q4_sga:base/kindNoneassumption
/operating_model/cells/base_2026q4_sga:base/labelNoneSG&A expense
/operating_model/cells/base_2026q4_sga:base/periodNone2026Q4
/operating_model/cells/base_2026q4_sga:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_sga:base/valueNone800.4109999999998
/operating_model/cells/base_2026q4_timing_neutral_cash:base/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/base_2026q4_timing_neutral_cash:base/caseNonebase
/operating_model/cells/base_2026q4_timing_neutral_cash:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_timing_neutral_cash:base/formula/refs/0Nonebase_2026q4_timing_neutral_cfo
/operating_model/cells/base_2026q4_timing_neutral_cash:base/formula/refs/1Nonebase_2026q4_capex
/operating_model/cells/base_2026q4_timing_neutral_cash:base/idNonebase_2026q4_timing_neutral_cash
/operating_model/cells/base_2026q4_timing_neutral_cash:base/kindNonederived
/operating_model/cells/base_2026q4_timing_neutral_cash:base/labelNoneCash excluding specified float and capex
/operating_model/cells/base_2026q4_timing_neutral_cash:base/periodNone2026Q4
/operating_model/cells/base_2026q4_timing_neutral_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_timing_neutral_cash:base/valueNone-441.42000000000024
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/caseNonebase
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/formula/refs/0Nonebase_2026q4_operating_cash_bridge
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/formula/refs/1Nonebase_2026q4_other_operating_cash
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/idNonebase_2026q4_timing_neutral_cfo
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/kindNonederived
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/labelNoneCFO before specified float movements
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/periodNone2026Q4
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_timing_neutral_cfo:base/valueNone-428.42000000000024
/operating_model/cells/base_2027q1_average_members:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_average_members:base/caseNonebase
/operating_model/cells/base_2027q1_average_members:base/idNonebase_2027q1_average_members
/operating_model/cells/base_2027q1_average_members:base/kindNoneassumption
/operating_model/cells/base_2027q1_average_members:base/labelNoneAverage member activity
/operating_model/cells/base_2027q1_average_members:base/periodNone2027Q1
/operating_model/cells/base_2027q1_average_members:base/unitNoneratio
/operating_model/cells/base_2027q1_average_members:base/valueNone3300000.0
/operating_model/cells/base_2027q1_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_capex:base/caseNonebase
/operating_model/cells/base_2027q1_capex:base/idNonebase_2027q1_capex
/operating_model/cells/base_2027q1_capex:base/kindNoneassumption
/operating_model/cells/base_2027q1_capex:base/labelNoneCash PP&E and software
/operating_model/cells/base_2027q1_capex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_capex:base/valueNone14.0
/operating_model/cells/base_2027q1_cash_after_capex:base/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/base_2027q1_cash_after_capex:base/caseNonebase
/operating_model/cells/base_2027q1_cash_after_capex:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_cash_after_capex:base/formula/refs/0Nonebase_2027q1_cfo
/operating_model/cells/base_2027q1_cash_after_capex:base/formula/refs/1Nonebase_2027q1_capex
/operating_model/cells/base_2027q1_cash_after_capex:base/idNonebase_2027q1_cash_after_capex
/operating_model/cells/base_2027q1_cash_after_capex:base/kindNonederived
/operating_model/cells/base_2027q1_cash_after_capex:base/labelNoneCFO less cash capex
/operating_model/cells/base_2027q1_cash_after_capex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_after_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_after_capex:base/valueNone1919.299999999999
/operating_model/cells/base_2027q1_cash_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q1_cash_interest:base/idNonebase_2027q1_cash_interest
/operating_model/cells/base_2027q1_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q1_cash_interest:base/labelNoneCorporate cash interest
/operating_model/cells/base_2027q1_cash_interest:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_interest:base/valueNone3.7
/operating_model/cells/base_2027q1_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q1_cash_tax:base/idNonebase_2027q1_cash_tax
/operating_model/cells/base_2027q1_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q1_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2027q1_cash_tax:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_tax:base/valueNone12.0
/operating_model/cells/base_2027q1_ceded_other:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_ceded_other:base/caseNonebase
/operating_model/cells/base_2027q1_ceded_other:base/idNonebase_2027q1_ceded_other
/operating_model/cells/base_2027q1_ceded_other:base/kindNoneassumption
/operating_model/cells/base_2027q1_ceded_other:base/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/base_2027q1_ceded_other:base/periodNone2027Q1
/operating_model/cells/base_2027q1_ceded_other:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_ceded_other:base/valueNone5.0
/operating_model/cells/base_2027q1_cfo:base/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/base_2027q1_cfo:base/caseNonebase
/operating_model/cells/base_2027q1_cfo:base/formula/opNonesum
/operating_model/cells/base_2027q1_cfo:base/formula/refs/0Nonebase_2027q1_timing_neutral_cfo
/operating_model/cells/base_2027q1_cfo:base/formula/refs/1Nonebase_2027q1_cms_flow
/operating_model/cells/base_2027q1_cfo:base/formula/refs/2Nonebase_2027q1_claims_float
/operating_model/cells/base_2027q1_cfo:base/idNonebase_2027q1_cfo
/operating_model/cells/base_2027q1_cfo:base/kindNonederived
/operating_model/cells/base_2027q1_cfo:base/labelNoneConsolidated operating cash flow
/operating_model/cells/base_2027q1_cfo:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cfo:base/valueNone1933.299999999999
/operating_model/cells/base_2027q1_claims_float:base/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/base_2027q1_claims_float:base/caseNonebase
/operating_model/cells/base_2027q1_claims_float:base/idNonebase_2027q1_claims_float
/operating_model/cells/base_2027q1_claims_float:base/kindNoneassumption
/operating_model/cells/base_2027q1_claims_float:base/labelNoneBenefits-payable cash-timing change
/operating_model/cells/base_2027q1_claims_float:base/periodNone2027Q1
/operating_model/cells/base_2027q1_claims_float:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_claims_float:base/valueNone150.0
/operating_model/cells/base_2027q1_cms_flow:base/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/base_2027q1_cms_flow:base/caseNonebase
/operating_model/cells/base_2027q1_cms_flow:base/idNonebase_2027q1_cms_flow
/operating_model/cells/base_2027q1_cms_flow:base/kindNoneassumption
/operating_model/cells/base_2027q1_cms_flow:base/labelNoneNet CMS cash-timing change
/operating_model/cells/base_2027q1_cms_flow:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cms_flow:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cms_flow:base/valueNone1300.0
/operating_model/cells/base_2027q1_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_da:base/caseNonebase
/operating_model/cells/base_2027q1_da:base/idNonebase_2027q1_da
/operating_model/cells/base_2027q1_da:base/kindNoneassumption
/operating_model/cells/base_2027q1_da:base/labelNoneOperating depreciation and amortization
/operating_model/cells/base_2027q1_da:base/periodNone2027Q1
/operating_model/cells/base_2027q1_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_da:base/valueNone7.5
/operating_model/cells/base_2027q1_direct_premiums:base/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/base_2027q1_direct_premiums:base/caseNonebase
/operating_model/cells/base_2027q1_direct_premiums:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_direct_premiums:base/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/base_2027q1_direct_premiums:base/formula/refs/1Nonebase_2027q1_member_index
/operating_model/cells/base_2027q1_direct_premiums:base/formula/refs/2Nonebase_2027q1_premium_realization
/operating_model/cells/base_2027q1_direct_premiums:base/idNonebase_2027q1_direct_premiums
/operating_model/cells/base_2027q1_direct_premiums:base/kindNonederived
/operating_model/cells/base_2027q1_direct_premiums:base/labelNoneDirect policy premiums
/operating_model/cells/base_2027q1_direct_premiums:base/periodNone2027Q1
/operating_model/cells/base_2027q1_direct_premiums:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_direct_premiums:base/valueNone6619.999999999999
/operating_model/cells/base_2027q1_investment_income:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_investment_income:base/caseNonebase
/operating_model/cells/base_2027q1_investment_income:base/idNonebase_2027q1_investment_income
/operating_model/cells/base_2027q1_investment_income:base/kindNoneassumption
/operating_model/cells/base_2027q1_investment_income:base/labelNoneInvestment income
/operating_model/cells/base_2027q1_investment_income:base/periodNone2027Q1
/operating_model/cells/base_2027q1_investment_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_investment_income:base/valueNone104.0
/operating_model/cells/base_2027q1_medical:base/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/base_2027q1_medical:base/caseNonebase
/operating_model/cells/base_2027q1_medical:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_medical:base/formula/refs/0Noneq2_medical
/operating_model/cells/base_2027q1_medical:base/formula/refs/1Nonebase_2027q1_member_index
/operating_model/cells/base_2027q1_medical:base/formula/refs/2Nonebase_2027q1_medical_realization
/operating_model/cells/base_2027q1_medical:base/idNonebase_2027q1_medical
/operating_model/cells/base_2027q1_medical:base/kindNonederived
/operating_model/cells/base_2027q1_medical:base/labelNoneMedical costs
/operating_model/cells/base_2027q1_medical:base/periodNone2027Q1
/operating_model/cells/base_2027q1_medical:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_medical:base/valueNone4100.0
/operating_model/cells/base_2027q1_medical_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_medical_realization:base/caseNonebase
/operating_model/cells/base_2027q1_medical_realization:base/idNonebase_2027q1_medical_realization
/operating_model/cells/base_2027q1_medical_realization:base/kindNoneassumption
/operating_model/cells/base_2027q1_medical_realization:base/labelNoneMedical cost per member versus reference
/operating_model/cells/base_2027q1_medical_realization:base/periodNone2027Q1
/operating_model/cells/base_2027q1_medical_realization:base/unitNoneratio
/operating_model/cells/base_2027q1_medical_realization:base/valueNone0.9701828634099362
/operating_model/cells/base_2027q1_member_index:base/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/base_2027q1_member_index:base/caseNonebase
/operating_model/cells/base_2027q1_member_index:base/formula/opNonedivide
/operating_model/cells/base_2027q1_member_index:base/formula/refs/0Nonebase_2027q1_average_members
/operating_model/cells/base_2027q1_member_index:base/formula/refs/1Noneq2_members
/operating_model/cells/base_2027q1_member_index:base/idNonebase_2027q1_member_index
/operating_model/cells/base_2027q1_member_index:base/kindNonederived
/operating_model/cells/base_2027q1_member_index:base/labelNoneAverage member activity / June reference
/operating_model/cells/base_2027q1_member_index:base/periodNone2027Q1
/operating_model/cells/base_2027q1_member_index:base/unitNoneratio
/operating_model/cells/base_2027q1_member_index:base/valueNone1.1137353265370729
/operating_model/cells/base_2027q1_mlr:base/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/base_2027q1_mlr:base/caseNonebase
/operating_model/cells/base_2027q1_mlr:base/formula/opNonedivide
/operating_model/cells/base_2027q1_mlr:base/formula/refs/0Nonebase_2027q1_medical
/operating_model/cells/base_2027q1_mlr:base/formula/refs/1Nonebase_2027q1_premium
/operating_model/cells/base_2027q1_mlr:base/idNonebase_2027q1_mlr
/operating_model/cells/base_2027q1_mlr:base/kindNonederived
/operating_model/cells/base_2027q1_mlr:base/labelNoneImplied medical loss ratio
/operating_model/cells/base_2027q1_mlr:base/periodNone2027Q1
/operating_model/cells/base_2027q1_mlr:base/unitNoneratio
/operating_model/cells/base_2027q1_mlr:base/valueNone0.7571560480147739
/operating_model/cells/base_2027q1_operating_cash_bridge:base/basisNoneNo separate reserve-income addback.
/operating_model/cells/base_2027q1_operating_cash_bridge:base/caseNonebase
/operating_model/cells/base_2027q1_operating_cash_bridge:base/formula/opNonesum
/operating_model/cells/base_2027q1_operating_cash_bridge:base/formula/refs/0Nonebase_2027q1_operating_income
/operating_model/cells/base_2027q1_operating_cash_bridge:base/formula/refs/1Nonebase_2027q1_sbc
/operating_model/cells/base_2027q1_operating_cash_bridge:base/formula/refs/2Nonebase_2027q1_da
/operating_model/cells/base_2027q1_operating_cash_bridge:base/formula/refs/3Nonebase_2027q1_premium_credit_loss
/operating_model/cells/base_2027q1_operating_cash_bridge:base/idNonebase_2027q1_operating_cash_bridge
/operating_model/cells/base_2027q1_operating_cash_bridge:base/kindNonederived
/operating_model/cells/base_2027q1_operating_cash_bridge:base/labelNoneOperating earnings plus noncash costs
/operating_model/cells/base_2027q1_operating_cash_bridge:base/periodNone2027Q1
/operating_model/cells/base_2027q1_operating_cash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_operating_cash_bridge:base/valueNone573.9999999999991
/operating_model/cells/base_2027q1_operating_cost:base/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/base_2027q1_operating_cost:base/caseNonebase
/operating_model/cells/base_2027q1_operating_cost:base/formula/opNonesum
/operating_model/cells/base_2027q1_operating_cost:base/formula/refs/0Nonebase_2027q1_medical
/operating_model/cells/base_2027q1_operating_cost:base/formula/refs/1Nonebase_2027q1_sga
/operating_model/cells/base_2027q1_operating_cost:base/formula/refs/2Nonebase_2027q1_da
/operating_model/cells/base_2027q1_operating_cost:base/idNonebase_2027q1_operating_cost
/operating_model/cells/base_2027q1_operating_cost:base/kindNonederived
/operating_model/cells/base_2027q1_operating_cost:base/labelNoneMedical SG&A and D&A
/operating_model/cells/base_2027q1_operating_cost:base/periodNone2027Q1
/operating_model/cells/base_2027q1_operating_cost:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_operating_cost:base/valueNone5007.5
/operating_model/cells/base_2027q1_operating_income:base/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/base_2027q1_operating_income:base/caseNonebase
/operating_model/cells/base_2027q1_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_operating_income:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_2027q1_operating_income:base/formula/refs/1Nonebase_2027q1_operating_cost
/operating_model/cells/base_2027q1_operating_income:base/idNonebase_2027q1_operating_income
/operating_model/cells/base_2027q1_operating_income:base/kindNonederived
/operating_model/cells/base_2027q1_operating_income:base/labelNoneEarnings from operations
/operating_model/cells/base_2027q1_operating_income:base/periodNone2027Q1
/operating_model/cells/base_2027q1_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_operating_income:base/valueNone518.4999999999991
/operating_model/cells/base_2027q1_other_operating_cash:base/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/base_2027q1_other_operating_cash:base/caseNonebase
/operating_model/cells/base_2027q1_other_operating_cash:base/formula/opNonesum
/operating_model/cells/base_2027q1_other_operating_cash:base/formula/refs/0Nonebase_2027q1_cash_interest
/operating_model/cells/base_2027q1_other_operating_cash:base/formula/refs/1Nonebase_2027q1_cash_tax
/operating_model/cells/base_2027q1_other_operating_cash:base/formula/refs/2Nonebase_2027q1_other_working_capital
/operating_model/cells/base_2027q1_other_operating_cash:base/idNonebase_2027q1_other_operating_cash
/operating_model/cells/base_2027q1_other_operating_cash:base/kindNonederived
/operating_model/cells/base_2027q1_other_operating_cash:base/labelNoneInterest tax and other working capital uses
/operating_model/cells/base_2027q1_other_operating_cash:base/periodNone2027Q1
/operating_model/cells/base_2027q1_other_operating_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_other_operating_cash:base/valueNone90.7
/operating_model/cells/base_2027q1_other_revenue:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_other_revenue:base/caseNonebase
/operating_model/cells/base_2027q1_other_revenue:base/idNonebase_2027q1_other_revenue
/operating_model/cells/base_2027q1_other_revenue:base/kindNoneassumption
/operating_model/cells/base_2027q1_other_revenue:base/labelNoneOther revenue
/operating_model/cells/base_2027q1_other_revenue:base/periodNone2027Q1
/operating_model/cells/base_2027q1_other_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_other_revenue:base/valueNone7.0
/operating_model/cells/base_2027q1_other_working_capital:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_other_working_capital:base/caseNonebase
/operating_model/cells/base_2027q1_other_working_capital:base/idNonebase_2027q1_other_working_capital
/operating_model/cells/base_2027q1_other_working_capital:base/kindNoneassumption
/operating_model/cells/base_2027q1_other_working_capital:base/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/base_2027q1_other_working_capital:base/periodNone2027Q1
/operating_model/cells/base_2027q1_other_working_capital:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_other_working_capital:base/valueNone75.0
/operating_model/cells/base_2027q1_premium:base/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/base_2027q1_premium:base/caseNonebase
/operating_model/cells/base_2027q1_premium:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_premium:base/formula/refs/0Nonebase_2027q1_direct_premiums
/operating_model/cells/base_2027q1_premium:base/formula/refs/1Nonebase_2027q1_premium_deductions
/operating_model/cells/base_2027q1_premium:base/idNonebase_2027q1_premium
/operating_model/cells/base_2027q1_premium:base/kindNonederived
/operating_model/cells/base_2027q1_premium:base/labelNoneNet recognized premiums
/operating_model/cells/base_2027q1_premium:base/periodNone2027Q1
/operating_model/cells/base_2027q1_premium:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_premium:base/valueNone5414.999999999999
/operating_model/cells/base_2027q1_premium_credit_loss:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_premium_credit_loss:base/caseNonebase
/operating_model/cells/base_2027q1_premium_credit_loss:base/idNonebase_2027q1_premium_credit_loss
/operating_model/cells/base_2027q1_premium_credit_loss:base/kindNoneassumption
/operating_model/cells/base_2027q1_premium_credit_loss:base/labelNoneNoncash premium credit-loss provision
/operating_model/cells/base_2027q1_premium_credit_loss:base/periodNone2027Q1
/operating_model/cells/base_2027q1_premium_credit_loss:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_premium_credit_loss:base/valueNone24.0
/operating_model/cells/base_2027q1_premium_deductions:base/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/base_2027q1_premium_deductions:base/caseNonebase
/operating_model/cells/base_2027q1_premium_deductions:base/formula/opNonesum
/operating_model/cells/base_2027q1_premium_deductions:base/formula/refs/0Nonebase_2027q1_risk_transfer
/operating_model/cells/base_2027q1_premium_deductions:base/formula/refs/1Nonebase_2027q1_ceded_other
/operating_model/cells/base_2027q1_premium_deductions:base/idNonebase_2027q1_premium_deductions
/operating_model/cells/base_2027q1_premium_deductions:base/kindNonederived
/operating_model/cells/base_2027q1_premium_deductions:base/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/base_2027q1_premium_deductions:base/periodNone2027Q1
/operating_model/cells/base_2027q1_premium_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_premium_deductions:base/valueNone1205.0
/operating_model/cells/base_2027q1_premium_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_premium_realization:base/caseNonebase
/operating_model/cells/base_2027q1_premium_realization:base/idNonebase_2027q1_premium_realization
/operating_model/cells/base_2027q1_premium_realization:base/kindNoneassumption
/operating_model/cells/base_2027q1_premium_realization:base/labelNonePremium realization versus reference
/operating_model/cells/base_2027q1_premium_realization:base/periodNone2027Q1
/operating_model/cells/base_2027q1_premium_realization:base/unitNoneratio
/operating_model/cells/base_2027q1_premium_realization:base/valueNone1.0489709884372063
/operating_model/cells/base_2027q1_revenue:base/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/base_2027q1_revenue:base/caseNonebase
/operating_model/cells/base_2027q1_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q1_revenue:base/formula/refs/0Nonebase_2027q1_premium
/operating_model/cells/base_2027q1_revenue:base/formula/refs/1Nonebase_2027q1_investment_income
/operating_model/cells/base_2027q1_revenue:base/formula/refs/2Nonebase_2027q1_other_revenue
/operating_model/cells/base_2027q1_revenue:base/idNonebase_2027q1_revenue
/operating_model/cells/base_2027q1_revenue:base/kindNonederived
/operating_model/cells/base_2027q1_revenue:base/labelNoneTotal revenue
/operating_model/cells/base_2027q1_revenue:base/periodNone2027Q1
/operating_model/cells/base_2027q1_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_revenue:base/valueNone5525.999999999999
/operating_model/cells/base_2027q1_risk_transfer:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_risk_transfer:base/caseNonebase
/operating_model/cells/base_2027q1_risk_transfer:base/idNonebase_2027q1_risk_transfer
/operating_model/cells/base_2027q1_risk_transfer:base/kindNoneassumption
/operating_model/cells/base_2027q1_risk_transfer:base/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/base_2027q1_risk_transfer:base/periodNone2027Q1
/operating_model/cells/base_2027q1_risk_transfer:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_risk_transfer:base/valueNone1200.0
/operating_model/cells/base_2027q1_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_sbc:base/caseNonebase
/operating_model/cells/base_2027q1_sbc:base/idNonebase_2027q1_sbc
/operating_model/cells/base_2027q1_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q1_sbc:base/labelNoneSBC cash-flow addback
/operating_model/cells/base_2027q1_sbc:base/periodNone2027Q1
/operating_model/cells/base_2027q1_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_sbc:base/valueNone24.0
/operating_model/cells/base_2027q1_sga:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_sga:base/caseNonebase
/operating_model/cells/base_2027q1_sga:base/idNonebase_2027q1_sga
/operating_model/cells/base_2027q1_sga:base/kindNoneassumption
/operating_model/cells/base_2027q1_sga:base/labelNoneSG&A expense
/operating_model/cells/base_2027q1_sga:base/periodNone2027Q1
/operating_model/cells/base_2027q1_sga:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_sga:base/valueNone900.0
/operating_model/cells/base_2027q1_timing_neutral_cash:base/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/base_2027q1_timing_neutral_cash:base/caseNonebase
/operating_model/cells/base_2027q1_timing_neutral_cash:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_timing_neutral_cash:base/formula/refs/0Nonebase_2027q1_timing_neutral_cfo
/operating_model/cells/base_2027q1_timing_neutral_cash:base/formula/refs/1Nonebase_2027q1_capex
/operating_model/cells/base_2027q1_timing_neutral_cash:base/idNonebase_2027q1_timing_neutral_cash
/operating_model/cells/base_2027q1_timing_neutral_cash:base/kindNonederived
/operating_model/cells/base_2027q1_timing_neutral_cash:base/labelNoneCash excluding specified float and capex
/operating_model/cells/base_2027q1_timing_neutral_cash:base/periodNone2027Q1
/operating_model/cells/base_2027q1_timing_neutral_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_timing_neutral_cash:base/valueNone469.2999999999991
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/caseNonebase
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/formula/refs/0Nonebase_2027q1_operating_cash_bridge
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/formula/refs/1Nonebase_2027q1_other_operating_cash
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/idNonebase_2027q1_timing_neutral_cfo
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/kindNonederived
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/labelNoneCFO before specified float movements
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/periodNone2027Q1
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_timing_neutral_cfo:base/valueNone483.2999999999991
/operating_model/cells/base_2027q2_average_members:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_average_members:base/caseNonebase
/operating_model/cells/base_2027q2_average_members:base/idNonebase_2027q2_average_members
/operating_model/cells/base_2027q2_average_members:base/kindNoneassumption
/operating_model/cells/base_2027q2_average_members:base/labelNoneAverage member activity
/operating_model/cells/base_2027q2_average_members:base/periodNone2027Q2
/operating_model/cells/base_2027q2_average_members:base/unitNoneratio
/operating_model/cells/base_2027q2_average_members:base/valueNone3150000.0
/operating_model/cells/base_2027q2_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_capex:base/caseNonebase
/operating_model/cells/base_2027q2_capex:base/idNonebase_2027q2_capex
/operating_model/cells/base_2027q2_capex:base/kindNoneassumption
/operating_model/cells/base_2027q2_capex:base/labelNoneCash PP&E and software
/operating_model/cells/base_2027q2_capex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_capex:base/valueNone15.0
/operating_model/cells/base_2027q2_cash_after_capex:base/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/base_2027q2_cash_after_capex:base/caseNonebase
/operating_model/cells/base_2027q2_cash_after_capex:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_cash_after_capex:base/formula/refs/0Nonebase_2027q2_cfo
/operating_model/cells/base_2027q2_cash_after_capex:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_2027q2_cash_after_capex:base/idNonebase_2027q2_cash_after_capex
/operating_model/cells/base_2027q2_cash_after_capex:base/kindNonederived
/operating_model/cells/base_2027q2_cash_after_capex:base/labelNoneCFO less cash capex
/operating_model/cells/base_2027q2_cash_after_capex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_after_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_after_capex:base/valueNone1539.8
/operating_model/cells/base_2027q2_cash_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q2_cash_interest:base/idNonebase_2027q2_cash_interest
/operating_model/cells/base_2027q2_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q2_cash_interest:base/labelNoneCorporate cash interest
/operating_model/cells/base_2027q2_cash_interest:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_interest:base/valueNone3.7
/operating_model/cells/base_2027q2_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q2_cash_tax:base/idNonebase_2027q2_cash_tax
/operating_model/cells/base_2027q2_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q2_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2027q2_cash_tax:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_tax:base/valueNone14.0
/operating_model/cells/base_2027q2_ceded_other:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_ceded_other:base/caseNonebase
/operating_model/cells/base_2027q2_ceded_other:base/idNonebase_2027q2_ceded_other
/operating_model/cells/base_2027q2_ceded_other:base/kindNoneassumption
/operating_model/cells/base_2027q2_ceded_other:base/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/base_2027q2_ceded_other:base/periodNone2027Q2
/operating_model/cells/base_2027q2_ceded_other:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_ceded_other:base/valueNone5.0
/operating_model/cells/base_2027q2_cfo:base/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/base_2027q2_cfo:base/caseNonebase
/operating_model/cells/base_2027q2_cfo:base/formula/opNonesum
/operating_model/cells/base_2027q2_cfo:base/formula/refs/0Nonebase_2027q2_timing_neutral_cfo
/operating_model/cells/base_2027q2_cfo:base/formula/refs/1Nonebase_2027q2_cms_flow
/operating_model/cells/base_2027q2_cfo:base/formula/refs/2Nonebase_2027q2_claims_float
/operating_model/cells/base_2027q2_cfo:base/idNonebase_2027q2_cfo
/operating_model/cells/base_2027q2_cfo:base/kindNonederived
/operating_model/cells/base_2027q2_cfo:base/labelNoneConsolidated operating cash flow
/operating_model/cells/base_2027q2_cfo:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cfo:base/valueNone1554.8
/operating_model/cells/base_2027q2_claims_float:base/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/base_2027q2_claims_float:base/caseNonebase
/operating_model/cells/base_2027q2_claims_float:base/idNonebase_2027q2_claims_float
/operating_model/cells/base_2027q2_claims_float:base/kindNoneassumption
/operating_model/cells/base_2027q2_claims_float:base/labelNoneBenefits-payable cash-timing change
/operating_model/cells/base_2027q2_claims_float:base/periodNone2027Q2
/operating_model/cells/base_2027q2_claims_float:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_claims_float:base/valueNone165.0
/operating_model/cells/base_2027q2_cms_flow:base/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/base_2027q2_cms_flow:base/caseNonebase
/operating_model/cells/base_2027q2_cms_flow:base/idNonebase_2027q2_cms_flow
/operating_model/cells/base_2027q2_cms_flow:base/kindNoneassumption
/operating_model/cells/base_2027q2_cms_flow:base/labelNoneNet CMS cash-timing change
/operating_model/cells/base_2027q2_cms_flow:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cms_flow:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cms_flow:base/valueNone1100.0
/operating_model/cells/base_2027q2_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_da:base/caseNonebase
/operating_model/cells/base_2027q2_da:base/idNonebase_2027q2_da
/operating_model/cells/base_2027q2_da:base/kindNoneassumption
/operating_model/cells/base_2027q2_da:base/labelNoneOperating depreciation and amortization
/operating_model/cells/base_2027q2_da:base/periodNone2027Q2
/operating_model/cells/base_2027q2_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_da:base/valueNone8.0
/operating_model/cells/base_2027q2_direct_premiums:base/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/base_2027q2_direct_premiums:base/caseNonebase
/operating_model/cells/base_2027q2_direct_premiums:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_direct_premiums:base/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/base_2027q2_direct_premiums:base/formula/refs/1Nonebase_2027q2_member_index
/operating_model/cells/base_2027q2_direct_premiums:base/formula/refs/2Nonebase_2027q2_premium_realization
/operating_model/cells/base_2027q2_direct_premiums:base/idNonebase_2027q2_direct_premiums
/operating_model/cells/base_2027q2_direct_premiums:base/kindNonederived
/operating_model/cells/base_2027q2_direct_premiums:base/labelNoneDirect policy premiums
/operating_model/cells/base_2027q2_direct_premiums:base/periodNone2027Q2
/operating_model/cells/base_2027q2_direct_premiums:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_direct_premiums:base/valueNone6500.0
/operating_model/cells/base_2027q2_investment_income:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_investment_income:base/caseNonebase
/operating_model/cells/base_2027q2_investment_income:base/idNonebase_2027q2_investment_income
/operating_model/cells/base_2027q2_investment_income:base/kindNoneassumption
/operating_model/cells/base_2027q2_investment_income:base/labelNoneInvestment income
/operating_model/cells/base_2027q2_investment_income:base/periodNone2027Q2
/operating_model/cells/base_2027q2_investment_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_investment_income:base/valueNone108.0
/operating_model/cells/base_2027q2_medical:base/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/base_2027q2_medical:base/caseNonebase
/operating_model/cells/base_2027q2_medical:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_medical:base/formula/refs/0Noneq2_medical
/operating_model/cells/base_2027q2_medical:base/formula/refs/1Nonebase_2027q2_member_index
/operating_model/cells/base_2027q2_medical:base/formula/refs/2Nonebase_2027q2_medical_realization
/operating_model/cells/base_2027q2_medical:base/idNonebase_2027q2_medical
/operating_model/cells/base_2027q2_medical:base/kindNonederived
/operating_model/cells/base_2027q2_medical:base/labelNoneMedical costs
/operating_model/cells/base_2027q2_medical:base/periodNone2027Q2
/operating_model/cells/base_2027q2_medical:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_medical:base/valueNone4160.0
/operating_model/cells/base_2027q2_medical_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_medical_realization:base/caseNonebase
/operating_model/cells/base_2027q2_medical_realization:base/idNonebase_2027q2_medical_realization
/operating_model/cells/base_2027q2_medical_realization:base/kindNoneassumption
/operating_model/cells/base_2027q2_medical_realization:base/labelNoneMedical cost per member versus reference
/operating_model/cells/base_2027q2_medical_realization:base/periodNone2027Q2
/operating_model/cells/base_2027q2_medical_realization:base/unitNoneratio
/operating_model/cells/base_2027q2_medical_realization:base/valueNone1.03125593100206
/operating_model/cells/base_2027q2_member_index:base/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/base_2027q2_member_index:base/caseNonebase
/operating_model/cells/base_2027q2_member_index:base/formula/opNonedivide
/operating_model/cells/base_2027q2_member_index:base/formula/refs/0Nonebase_2027q2_average_members
/operating_model/cells/base_2027q2_member_index:base/formula/refs/1Noneq2_members
/operating_model/cells/base_2027q2_member_index:base/idNonebase_2027q2_member_index
/operating_model/cells/base_2027q2_member_index:base/kindNonederived
/operating_model/cells/base_2027q2_member_index:base/labelNoneAverage member activity / June reference
/operating_model/cells/base_2027q2_member_index:base/periodNone2027Q2
/operating_model/cells/base_2027q2_member_index:base/unitNoneratio
/operating_model/cells/base_2027q2_member_index:base/valueNone1.0631109935126604
/operating_model/cells/base_2027q2_mlr:base/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/base_2027q2_mlr:base/caseNonebase
/operating_model/cells/base_2027q2_mlr:base/formula/opNonedivide
/operating_model/cells/base_2027q2_mlr:base/formula/refs/0Nonebase_2027q2_medical
/operating_model/cells/base_2027q2_mlr:base/formula/refs/1Nonebase_2027q2_premium
/operating_model/cells/base_2027q2_mlr:base/idNonebase_2027q2_mlr
/operating_model/cells/base_2027q2_mlr:base/kindNonederived
/operating_model/cells/base_2027q2_mlr:base/labelNoneImplied medical loss ratio
/operating_model/cells/base_2027q2_mlr:base/periodNone2027Q2
/operating_model/cells/base_2027q2_mlr:base/unitNoneratio
/operating_model/cells/base_2027q2_mlr:base/valueNone0.7886255924170616
/operating_model/cells/base_2027q2_operating_cash_bridge:base/basisNoneNo separate reserve-income addback.
/operating_model/cells/base_2027q2_operating_cash_bridge:base/caseNonebase
/operating_model/cells/base_2027q2_operating_cash_bridge:base/formula/opNonesum
/operating_model/cells/base_2027q2_operating_cash_bridge:base/formula/refs/0Nonebase_2027q2_operating_income
/operating_model/cells/base_2027q2_operating_cash_bridge:base/formula/refs/1Nonebase_2027q2_sbc
/operating_model/cells/base_2027q2_operating_cash_bridge:base/formula/refs/2Nonebase_2027q2_da
/operating_model/cells/base_2027q2_operating_cash_bridge:base/formula/refs/3Nonebase_2027q2_premium_credit_loss
/operating_model/cells/base_2027q2_operating_cash_bridge:base/idNonebase_2027q2_operating_cash_bridge
/operating_model/cells/base_2027q2_operating_cash_bridge:base/kindNonederived
/operating_model/cells/base_2027q2_operating_cash_bridge:base/labelNoneOperating earnings plus noncash costs
/operating_model/cells/base_2027q2_operating_cash_bridge:base/periodNone2027Q2
/operating_model/cells/base_2027q2_operating_cash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_operating_cash_bridge:base/valueNone387.5
/operating_model/cells/base_2027q2_operating_cost:base/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/base_2027q2_operating_cost:base/caseNonebase
/operating_model/cells/base_2027q2_operating_cost:base/formula/opNonesum
/operating_model/cells/base_2027q2_operating_cost:base/formula/refs/0Nonebase_2027q2_medical
/operating_model/cells/base_2027q2_operating_cost:base/formula/refs/1Nonebase_2027q2_sga
/operating_model/cells/base_2027q2_operating_cost:base/formula/refs/2Nonebase_2027q2_da
/operating_model/cells/base_2027q2_operating_cost:base/idNonebase_2027q2_operating_cost
/operating_model/cells/base_2027q2_operating_cost:base/kindNonederived
/operating_model/cells/base_2027q2_operating_cost:base/labelNoneMedical SG&A and D&A
/operating_model/cells/base_2027q2_operating_cost:base/periodNone2027Q2
/operating_model/cells/base_2027q2_operating_cost:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_operating_cost:base/valueNone5063.0
/operating_model/cells/base_2027q2_operating_income:base/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/base_2027q2_operating_income:base/caseNonebase
/operating_model/cells/base_2027q2_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_operating_income:base/formula/refs/0Nonebase_2027q2_revenue
/operating_model/cells/base_2027q2_operating_income:base/formula/refs/1Nonebase_2027q2_operating_cost
/operating_model/cells/base_2027q2_operating_income:base/idNonebase_2027q2_operating_income
/operating_model/cells/base_2027q2_operating_income:base/kindNonederived
/operating_model/cells/base_2027q2_operating_income:base/labelNoneEarnings from operations
/operating_model/cells/base_2027q2_operating_income:base/periodNone2027Q2
/operating_model/cells/base_2027q2_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_operating_income:base/valueNone327.5
/operating_model/cells/base_2027q2_other_operating_cash:base/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/base_2027q2_other_operating_cash:base/caseNonebase
/operating_model/cells/base_2027q2_other_operating_cash:base/formula/opNonesum
/operating_model/cells/base_2027q2_other_operating_cash:base/formula/refs/0Nonebase_2027q2_cash_interest
/operating_model/cells/base_2027q2_other_operating_cash:base/formula/refs/1Nonebase_2027q2_cash_tax
/operating_model/cells/base_2027q2_other_operating_cash:base/formula/refs/2Nonebase_2027q2_other_working_capital
/operating_model/cells/base_2027q2_other_operating_cash:base/idNonebase_2027q2_other_operating_cash
/operating_model/cells/base_2027q2_other_operating_cash:base/kindNonederived
/operating_model/cells/base_2027q2_other_operating_cash:base/labelNoneInterest tax and other working capital uses
/operating_model/cells/base_2027q2_other_operating_cash:base/periodNone2027Q2
/operating_model/cells/base_2027q2_other_operating_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_other_operating_cash:base/valueNone97.7
/operating_model/cells/base_2027q2_other_revenue:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_other_revenue:base/caseNonebase
/operating_model/cells/base_2027q2_other_revenue:base/idNonebase_2027q2_other_revenue
/operating_model/cells/base_2027q2_other_revenue:base/kindNoneassumption
/operating_model/cells/base_2027q2_other_revenue:base/labelNoneOther revenue
/operating_model/cells/base_2027q2_other_revenue:base/periodNone2027Q2
/operating_model/cells/base_2027q2_other_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_other_revenue:base/valueNone7.5
/operating_model/cells/base_2027q2_other_working_capital:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_other_working_capital:base/caseNonebase
/operating_model/cells/base_2027q2_other_working_capital:base/idNonebase_2027q2_other_working_capital
/operating_model/cells/base_2027q2_other_working_capital:base/kindNoneassumption
/operating_model/cells/base_2027q2_other_working_capital:base/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/base_2027q2_other_working_capital:base/periodNone2027Q2
/operating_model/cells/base_2027q2_other_working_capital:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_other_working_capital:base/valueNone80.0
/operating_model/cells/base_2027q2_premium:base/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/base_2027q2_premium:base/caseNonebase
/operating_model/cells/base_2027q2_premium:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_premium:base/formula/refs/0Nonebase_2027q2_direct_premiums
/operating_model/cells/base_2027q2_premium:base/formula/refs/1Nonebase_2027q2_premium_deductions
/operating_model/cells/base_2027q2_premium:base/idNonebase_2027q2_premium
/operating_model/cells/base_2027q2_premium:base/kindNonederived
/operating_model/cells/base_2027q2_premium:base/labelNoneNet recognized premiums
/operating_model/cells/base_2027q2_premium:base/periodNone2027Q2
/operating_model/cells/base_2027q2_premium:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_premium:base/valueNone5275.0
/operating_model/cells/base_2027q2_premium_credit_loss:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_premium_credit_loss:base/caseNonebase
/operating_model/cells/base_2027q2_premium_credit_loss:base/idNonebase_2027q2_premium_credit_loss
/operating_model/cells/base_2027q2_premium_credit_loss:base/kindNoneassumption
/operating_model/cells/base_2027q2_premium_credit_loss:base/labelNoneNoncash premium credit-loss provision
/operating_model/cells/base_2027q2_premium_credit_loss:base/periodNone2027Q2
/operating_model/cells/base_2027q2_premium_credit_loss:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_premium_credit_loss:base/valueNone26.0
/operating_model/cells/base_2027q2_premium_deductions:base/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/base_2027q2_premium_deductions:base/caseNonebase
/operating_model/cells/base_2027q2_premium_deductions:base/formula/opNonesum
/operating_model/cells/base_2027q2_premium_deductions:base/formula/refs/0Nonebase_2027q2_risk_transfer
/operating_model/cells/base_2027q2_premium_deductions:base/formula/refs/1Nonebase_2027q2_ceded_other
/operating_model/cells/base_2027q2_premium_deductions:base/idNonebase_2027q2_premium_deductions
/operating_model/cells/base_2027q2_premium_deductions:base/kindNonederived
/operating_model/cells/base_2027q2_premium_deductions:base/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/base_2027q2_premium_deductions:base/periodNone2027Q2
/operating_model/cells/base_2027q2_premium_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_premium_deductions:base/valueNone1225.0
/operating_model/cells/base_2027q2_premium_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_premium_realization:base/caseNonebase
/operating_model/cells/base_2027q2_premium_realization:base/idNonebase_2027q2_premium_realization
/operating_model/cells/base_2027q2_premium_realization:base/kindNoneassumption
/operating_model/cells/base_2027q2_premium_realization:base/labelNonePremium realization versus reference
/operating_model/cells/base_2027q2_premium_realization:base/periodNone2027Q2
/operating_model/cells/base_2027q2_premium_realization:base/unitNoneratio
/operating_model/cells/base_2027q2_premium_realization:base/valueNone1.079001951852399
/operating_model/cells/base_2027q2_revenue:base/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/base_2027q2_revenue:base/caseNonebase
/operating_model/cells/base_2027q2_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q2_revenue:base/formula/refs/0Nonebase_2027q2_premium
/operating_model/cells/base_2027q2_revenue:base/formula/refs/1Nonebase_2027q2_investment_income
/operating_model/cells/base_2027q2_revenue:base/formula/refs/2Nonebase_2027q2_other_revenue
/operating_model/cells/base_2027q2_revenue:base/idNonebase_2027q2_revenue
/operating_model/cells/base_2027q2_revenue:base/kindNonederived
/operating_model/cells/base_2027q2_revenue:base/labelNoneTotal revenue
/operating_model/cells/base_2027q2_revenue:base/periodNone2027Q2
/operating_model/cells/base_2027q2_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_revenue:base/valueNone5390.5
/operating_model/cells/base_2027q2_risk_transfer:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_risk_transfer:base/caseNonebase
/operating_model/cells/base_2027q2_risk_transfer:base/idNonebase_2027q2_risk_transfer
/operating_model/cells/base_2027q2_risk_transfer:base/kindNoneassumption
/operating_model/cells/base_2027q2_risk_transfer:base/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/base_2027q2_risk_transfer:base/periodNone2027Q2
/operating_model/cells/base_2027q2_risk_transfer:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_risk_transfer:base/valueNone1220.0
/operating_model/cells/base_2027q2_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_sbc:base/caseNonebase
/operating_model/cells/base_2027q2_sbc:base/idNonebase_2027q2_sbc
/operating_model/cells/base_2027q2_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q2_sbc:base/labelNoneSBC cash-flow addback
/operating_model/cells/base_2027q2_sbc:base/periodNone2027Q2
/operating_model/cells/base_2027q2_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_sbc:base/valueNone26.0
/operating_model/cells/base_2027q2_sga:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_sga:base/caseNonebase
/operating_model/cells/base_2027q2_sga:base/idNonebase_2027q2_sga
/operating_model/cells/base_2027q2_sga:base/kindNoneassumption
/operating_model/cells/base_2027q2_sga:base/labelNoneSG&A expense
/operating_model/cells/base_2027q2_sga:base/periodNone2027Q2
/operating_model/cells/base_2027q2_sga:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_sga:base/valueNone895.0
/operating_model/cells/base_2027q2_timing_neutral_cash:base/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/base_2027q2_timing_neutral_cash:base/caseNonebase
/operating_model/cells/base_2027q2_timing_neutral_cash:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_timing_neutral_cash:base/formula/refs/0Nonebase_2027q2_timing_neutral_cfo
/operating_model/cells/base_2027q2_timing_neutral_cash:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_2027q2_timing_neutral_cash:base/idNonebase_2027q2_timing_neutral_cash
/operating_model/cells/base_2027q2_timing_neutral_cash:base/kindNonederived
/operating_model/cells/base_2027q2_timing_neutral_cash:base/labelNoneCash excluding specified float and capex
/operating_model/cells/base_2027q2_timing_neutral_cash:base/periodNone2027Q2
/operating_model/cells/base_2027q2_timing_neutral_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_timing_neutral_cash:base/valueNone274.8
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/caseNonebase
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/formula/refs/0Nonebase_2027q2_operating_cash_bridge
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/formula/refs/1Nonebase_2027q2_other_operating_cash
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/idNonebase_2027q2_timing_neutral_cfo
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/kindNonederived
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/labelNoneCFO before specified float movements
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/periodNone2027Q2
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_timing_neutral_cfo:base/valueNone289.8
/operating_model/cells/base_2027q3_average_members:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_average_members:base/caseNonebase
/operating_model/cells/base_2027q3_average_members:base/idNonebase_2027q3_average_members
/operating_model/cells/base_2027q3_average_members:base/kindNoneassumption
/operating_model/cells/base_2027q3_average_members:base/labelNoneAverage member activity
/operating_model/cells/base_2027q3_average_members:base/periodNone2027Q3
/operating_model/cells/base_2027q3_average_members:base/unitNoneratio
/operating_model/cells/base_2027q3_average_members:base/valueNone3020000.0
/operating_model/cells/base_2027q3_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_capex:base/caseNonebase
/operating_model/cells/base_2027q3_capex:base/idNonebase_2027q3_capex
/operating_model/cells/base_2027q3_capex:base/kindNoneassumption
/operating_model/cells/base_2027q3_capex:base/labelNoneCash PP&E and software
/operating_model/cells/base_2027q3_capex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_capex:base/valueNone16.0
/operating_model/cells/base_2027q3_cash_after_capex:base/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/base_2027q3_cash_after_capex:base/caseNonebase
/operating_model/cells/base_2027q3_cash_after_capex:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_cash_after_capex:base/formula/refs/0Nonebase_2027q3_cfo
/operating_model/cells/base_2027q3_cash_after_capex:base/formula/refs/1Nonebase_2027q3_capex
/operating_model/cells/base_2027q3_cash_after_capex:base/idNonebase_2027q3_cash_after_capex
/operating_model/cells/base_2027q3_cash_after_capex:base/kindNonederived
/operating_model/cells/base_2027q3_cash_after_capex:base/labelNoneCFO less cash capex
/operating_model/cells/base_2027q3_cash_after_capex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_after_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_after_capex:base/valueNone-3174.7
/operating_model/cells/base_2027q3_cash_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q3_cash_interest:base/idNonebase_2027q3_cash_interest
/operating_model/cells/base_2027q3_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q3_cash_interest:base/labelNoneCorporate cash interest
/operating_model/cells/base_2027q3_cash_interest:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_interest:base/valueNone3.7
/operating_model/cells/base_2027q3_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q3_cash_tax:base/idNonebase_2027q3_cash_tax
/operating_model/cells/base_2027q3_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q3_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2027q3_cash_tax:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_tax:base/valueNone16.0
/operating_model/cells/base_2027q3_ceded_other:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_ceded_other:base/caseNonebase
/operating_model/cells/base_2027q3_ceded_other:base/idNonebase_2027q3_ceded_other
/operating_model/cells/base_2027q3_ceded_other:base/kindNoneassumption
/operating_model/cells/base_2027q3_ceded_other:base/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/base_2027q3_ceded_other:base/periodNone2027Q3
/operating_model/cells/base_2027q3_ceded_other:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_ceded_other:base/valueNone5.0
/operating_model/cells/base_2027q3_cfo:base/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/base_2027q3_cfo:base/caseNonebase
/operating_model/cells/base_2027q3_cfo:base/formula/opNonesum
/operating_model/cells/base_2027q3_cfo:base/formula/refs/0Nonebase_2027q3_timing_neutral_cfo
/operating_model/cells/base_2027q3_cfo:base/formula/refs/1Nonebase_2027q3_cms_flow
/operating_model/cells/base_2027q3_cfo:base/formula/refs/2Nonebase_2027q3_claims_float
/operating_model/cells/base_2027q3_cfo:base/idNonebase_2027q3_cfo
/operating_model/cells/base_2027q3_cfo:base/kindNonederived
/operating_model/cells/base_2027q3_cfo:base/labelNoneConsolidated operating cash flow
/operating_model/cells/base_2027q3_cfo:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cfo:base/valueNone-3158.7
/operating_model/cells/base_2027q3_claims_float:base/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/base_2027q3_claims_float:base/caseNonebase
/operating_model/cells/base_2027q3_claims_float:base/idNonebase_2027q3_claims_float
/operating_model/cells/base_2027q3_claims_float:base/kindNoneassumption
/operating_model/cells/base_2027q3_claims_float:base/labelNoneBenefits-payable cash-timing change
/operating_model/cells/base_2027q3_claims_float:base/periodNone2027Q3
/operating_model/cells/base_2027q3_claims_float:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_claims_float:base/valueNone180.0
/operating_model/cells/base_2027q3_cms_flow:base/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/base_2027q3_cms_flow:base/caseNonebase
/operating_model/cells/base_2027q3_cms_flow:base/idNonebase_2027q3_cms_flow
/operating_model/cells/base_2027q3_cms_flow:base/kindNoneassumption
/operating_model/cells/base_2027q3_cms_flow:base/labelNoneNet CMS cash-timing change
/operating_model/cells/base_2027q3_cms_flow:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cms_flow:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cms_flow:base/valueNone-3300.0
/operating_model/cells/base_2027q3_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_da:base/caseNonebase
/operating_model/cells/base_2027q3_da:base/idNonebase_2027q3_da
/operating_model/cells/base_2027q3_da:base/kindNoneassumption
/operating_model/cells/base_2027q3_da:base/labelNoneOperating depreciation and amortization
/operating_model/cells/base_2027q3_da:base/periodNone2027Q3
/operating_model/cells/base_2027q3_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_da:base/valueNone8.5
/operating_model/cells/base_2027q3_direct_premiums:base/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/base_2027q3_direct_premiums:base/caseNonebase
/operating_model/cells/base_2027q3_direct_premiums:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_direct_premiums:base/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/base_2027q3_direct_premiums:base/formula/refs/1Nonebase_2027q3_member_index
/operating_model/cells/base_2027q3_direct_premiums:base/formula/refs/2Nonebase_2027q3_premium_realization
/operating_model/cells/base_2027q3_direct_premiums:base/idNonebase_2027q3_direct_premiums
/operating_model/cells/base_2027q3_direct_premiums:base/kindNonederived
/operating_model/cells/base_2027q3_direct_premiums:base/labelNoneDirect policy premiums
/operating_model/cells/base_2027q3_direct_premiums:base/periodNone2027Q3
/operating_model/cells/base_2027q3_direct_premiums:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_direct_premiums:base/valueNone6250.0
/operating_model/cells/base_2027q3_investment_income:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_investment_income:base/caseNonebase
/operating_model/cells/base_2027q3_investment_income:base/idNonebase_2027q3_investment_income
/operating_model/cells/base_2027q3_investment_income:base/kindNoneassumption
/operating_model/cells/base_2027q3_investment_income:base/labelNoneInvestment income
/operating_model/cells/base_2027q3_investment_income:base/periodNone2027Q3
/operating_model/cells/base_2027q3_investment_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_investment_income:base/valueNone112.0
/operating_model/cells/base_2027q3_medical:base/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/base_2027q3_medical:base/caseNonebase
/operating_model/cells/base_2027q3_medical:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_medical:base/formula/refs/0Noneq2_medical
/operating_model/cells/base_2027q3_medical:base/formula/refs/1Nonebase_2027q3_member_index
/operating_model/cells/base_2027q3_medical:base/formula/refs/2Nonebase_2027q3_medical_realization
/operating_model/cells/base_2027q3_medical:base/idNonebase_2027q3_medical
/operating_model/cells/base_2027q3_medical:base/kindNonederived
/operating_model/cells/base_2027q3_medical:base/labelNoneMedical costs
/operating_model/cells/base_2027q3_medical:base/periodNone2027Q3
/operating_model/cells/base_2027q3_medical:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_medical:base/valueNone4290.0
/operating_model/cells/base_2027q3_medical_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_medical_realization:base/caseNonebase
/operating_model/cells/base_2027q3_medical_realization:base/idNonebase_2027q3_medical_realization
/operating_model/cells/base_2027q3_medical_realization:base/kindNoneassumption
/operating_model/cells/base_2027q3_medical_realization:base/labelNoneMedical cost per member versus reference
/operating_model/cells/base_2027q3_medical_realization:base/periodNone2027Q3
/operating_model/cells/base_2027q3_medical_realization:base/unitNoneratio
/operating_model/cells/base_2027q3_medical_realization:base/valueNone1.1092617345577827
/operating_model/cells/base_2027q3_member_index:base/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/base_2027q3_member_index:base/caseNonebase
/operating_model/cells/base_2027q3_member_index:base/formula/opNonedivide
/operating_model/cells/base_2027q3_member_index:base/formula/refs/0Nonebase_2027q3_average_members
/operating_model/cells/base_2027q3_member_index:base/formula/refs/1Noneq2_members
/operating_model/cells/base_2027q3_member_index:base/idNonebase_2027q3_member_index
/operating_model/cells/base_2027q3_member_index:base/kindNonederived
/operating_model/cells/base_2027q3_member_index:base/labelNoneAverage member activity / June reference
/operating_model/cells/base_2027q3_member_index:base/periodNone2027Q3
/operating_model/cells/base_2027q3_member_index:base/unitNoneratio
/operating_model/cells/base_2027q3_member_index:base/valueNone1.0192365715581697
/operating_model/cells/base_2027q3_mlr:base/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/base_2027q3_mlr:base/caseNonebase
/operating_model/cells/base_2027q3_mlr:base/formula/opNonedivide
/operating_model/cells/base_2027q3_mlr:base/formula/refs/0Nonebase_2027q3_medical
/operating_model/cells/base_2027q3_mlr:base/formula/refs/1Nonebase_2027q3_premium
/operating_model/cells/base_2027q3_mlr:base/idNonebase_2027q3_mlr
/operating_model/cells/base_2027q3_mlr:base/kindNonederived
/operating_model/cells/base_2027q3_mlr:base/labelNoneImplied medical loss ratio
/operating_model/cells/base_2027q3_mlr:base/periodNone2027Q3
/operating_model/cells/base_2027q3_mlr:base/unitNoneratio
/operating_model/cells/base_2027q3_mlr:base/valueNone0.8453201970443349
/operating_model/cells/base_2027q3_operating_cash_bridge:base/basisNoneNo separate reserve-income addback.
/operating_model/cells/base_2027q3_operating_cash_bridge:base/caseNonebase
/operating_model/cells/base_2027q3_operating_cash_bridge:base/formula/opNonesum
/operating_model/cells/base_2027q3_operating_cash_bridge:base/formula/refs/0Nonebase_2027q3_operating_income
/operating_model/cells/base_2027q3_operating_cash_bridge:base/formula/refs/1Nonebase_2027q3_sbc
/operating_model/cells/base_2027q3_operating_cash_bridge:base/formula/refs/2Nonebase_2027q3_da
/operating_model/cells/base_2027q3_operating_cash_bridge:base/formula/refs/3Nonebase_2027q3_premium_credit_loss
/operating_model/cells/base_2027q3_operating_cash_bridge:base/idNonebase_2027q3_operating_cash_bridge
/operating_model/cells/base_2027q3_operating_cash_bridge:base/kindNonederived
/operating_model/cells/base_2027q3_operating_cash_bridge:base/labelNoneOperating earnings plus noncash costs
/operating_model/cells/base_2027q3_operating_cash_bridge:base/periodNone2027Q3
/operating_model/cells/base_2027q3_operating_cash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_operating_cash_bridge:base/valueNone66.0
/operating_model/cells/base_2027q3_operating_cost:base/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/base_2027q3_operating_cost:base/caseNonebase
/operating_model/cells/base_2027q3_operating_cost:base/formula/opNonesum
/operating_model/cells/base_2027q3_operating_cost:base/formula/refs/0Nonebase_2027q3_medical
/operating_model/cells/base_2027q3_operating_cost:base/formula/refs/1Nonebase_2027q3_sga
/operating_model/cells/base_2027q3_operating_cost:base/formula/refs/2Nonebase_2027q3_da
/operating_model/cells/base_2027q3_operating_cost:base/idNonebase_2027q3_operating_cost
/operating_model/cells/base_2027q3_operating_cost:base/kindNonederived
/operating_model/cells/base_2027q3_operating_cost:base/labelNoneMedical SG&A and D&A
/operating_model/cells/base_2027q3_operating_cost:base/periodNone2027Q3
/operating_model/cells/base_2027q3_operating_cost:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_operating_cost:base/valueNone5193.5
/operating_model/cells/base_2027q3_operating_income:base/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/base_2027q3_operating_income:base/caseNonebase
/operating_model/cells/base_2027q3_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_operating_income:base/formula/refs/0Nonebase_2027q3_revenue
/operating_model/cells/base_2027q3_operating_income:base/formula/refs/1Nonebase_2027q3_operating_cost
/operating_model/cells/base_2027q3_operating_income:base/idNonebase_2027q3_operating_income
/operating_model/cells/base_2027q3_operating_income:base/kindNonederived
/operating_model/cells/base_2027q3_operating_income:base/labelNoneEarnings from operations
/operating_model/cells/base_2027q3_operating_income:base/periodNone2027Q3
/operating_model/cells/base_2027q3_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_operating_income:base/valueNone1.5
/operating_model/cells/base_2027q3_other_operating_cash:base/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/base_2027q3_other_operating_cash:base/caseNonebase
/operating_model/cells/base_2027q3_other_operating_cash:base/formula/opNonesum
/operating_model/cells/base_2027q3_other_operating_cash:base/formula/refs/0Nonebase_2027q3_cash_interest
/operating_model/cells/base_2027q3_other_operating_cash:base/formula/refs/1Nonebase_2027q3_cash_tax
/operating_model/cells/base_2027q3_other_operating_cash:base/formula/refs/2Nonebase_2027q3_other_working_capital
/operating_model/cells/base_2027q3_other_operating_cash:base/idNonebase_2027q3_other_operating_cash
/operating_model/cells/base_2027q3_other_operating_cash:base/kindNonederived
/operating_model/cells/base_2027q3_other_operating_cash:base/labelNoneInterest tax and other working capital uses
/operating_model/cells/base_2027q3_other_operating_cash:base/periodNone2027Q3
/operating_model/cells/base_2027q3_other_operating_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_other_operating_cash:base/valueNone104.7
/operating_model/cells/base_2027q3_other_revenue:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_other_revenue:base/caseNonebase
/operating_model/cells/base_2027q3_other_revenue:base/idNonebase_2027q3_other_revenue
/operating_model/cells/base_2027q3_other_revenue:base/kindNoneassumption
/operating_model/cells/base_2027q3_other_revenue:base/labelNoneOther revenue
/operating_model/cells/base_2027q3_other_revenue:base/periodNone2027Q3
/operating_model/cells/base_2027q3_other_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_other_revenue:base/valueNone8.0
/operating_model/cells/base_2027q3_other_working_capital:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_other_working_capital:base/caseNonebase
/operating_model/cells/base_2027q3_other_working_capital:base/idNonebase_2027q3_other_working_capital
/operating_model/cells/base_2027q3_other_working_capital:base/kindNoneassumption
/operating_model/cells/base_2027q3_other_working_capital:base/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/base_2027q3_other_working_capital:base/periodNone2027Q3
/operating_model/cells/base_2027q3_other_working_capital:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_other_working_capital:base/valueNone85.0
/operating_model/cells/base_2027q3_premium:base/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/base_2027q3_premium:base/caseNonebase
/operating_model/cells/base_2027q3_premium:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_premium:base/formula/refs/0Nonebase_2027q3_direct_premiums
/operating_model/cells/base_2027q3_premium:base/formula/refs/1Nonebase_2027q3_premium_deductions
/operating_model/cells/base_2027q3_premium:base/idNonebase_2027q3_premium
/operating_model/cells/base_2027q3_premium:base/kindNonederived
/operating_model/cells/base_2027q3_premium:base/labelNoneNet recognized premiums
/operating_model/cells/base_2027q3_premium:base/periodNone2027Q3
/operating_model/cells/base_2027q3_premium:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_premium:base/valueNone5075.0
/operating_model/cells/base_2027q3_premium_credit_loss:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_premium_credit_loss:base/caseNonebase
/operating_model/cells/base_2027q3_premium_credit_loss:base/idNonebase_2027q3_premium_credit_loss
/operating_model/cells/base_2027q3_premium_credit_loss:base/kindNoneassumption
/operating_model/cells/base_2027q3_premium_credit_loss:base/labelNoneNoncash premium credit-loss provision
/operating_model/cells/base_2027q3_premium_credit_loss:base/periodNone2027Q3
/operating_model/cells/base_2027q3_premium_credit_loss:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_premium_credit_loss:base/valueNone28.0
/operating_model/cells/base_2027q3_premium_deductions:base/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/base_2027q3_premium_deductions:base/caseNonebase
/operating_model/cells/base_2027q3_premium_deductions:base/formula/opNonesum
/operating_model/cells/base_2027q3_premium_deductions:base/formula/refs/0Nonebase_2027q3_risk_transfer
/operating_model/cells/base_2027q3_premium_deductions:base/formula/refs/1Nonebase_2027q3_ceded_other
/operating_model/cells/base_2027q3_premium_deductions:base/idNonebase_2027q3_premium_deductions
/operating_model/cells/base_2027q3_premium_deductions:base/kindNonederived
/operating_model/cells/base_2027q3_premium_deductions:base/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/base_2027q3_premium_deductions:base/periodNone2027Q3
/operating_model/cells/base_2027q3_premium_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_premium_deductions:base/valueNone1175.0
/operating_model/cells/base_2027q3_premium_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_premium_realization:base/caseNonebase
/operating_model/cells/base_2027q3_premium_realization:base/idNonebase_2027q3_premium_realization
/operating_model/cells/base_2027q3_premium_realization:base/kindNoneassumption
/operating_model/cells/base_2027q3_premium_realization:base/labelNonePremium realization versus reference
/operating_model/cells/base_2027q3_premium_realization:base/periodNone2027Q3
/operating_model/cells/base_2027q3_premium_realization:base/unitNoneratio
/operating_model/cells/base_2027q3_premium_realization:base/valueNone1.0821625535962356
/operating_model/cells/base_2027q3_revenue:base/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/base_2027q3_revenue:base/caseNonebase
/operating_model/cells/base_2027q3_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q3_revenue:base/formula/refs/0Nonebase_2027q3_premium
/operating_model/cells/base_2027q3_revenue:base/formula/refs/1Nonebase_2027q3_investment_income
/operating_model/cells/base_2027q3_revenue:base/formula/refs/2Nonebase_2027q3_other_revenue
/operating_model/cells/base_2027q3_revenue:base/idNonebase_2027q3_revenue
/operating_model/cells/base_2027q3_revenue:base/kindNonederived
/operating_model/cells/base_2027q3_revenue:base/labelNoneTotal revenue
/operating_model/cells/base_2027q3_revenue:base/periodNone2027Q3
/operating_model/cells/base_2027q3_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_revenue:base/valueNone5195.0
/operating_model/cells/base_2027q3_risk_transfer:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_risk_transfer:base/caseNonebase
/operating_model/cells/base_2027q3_risk_transfer:base/idNonebase_2027q3_risk_transfer
/operating_model/cells/base_2027q3_risk_transfer:base/kindNoneassumption
/operating_model/cells/base_2027q3_risk_transfer:base/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/base_2027q3_risk_transfer:base/periodNone2027Q3
/operating_model/cells/base_2027q3_risk_transfer:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_risk_transfer:base/valueNone1170.0
/operating_model/cells/base_2027q3_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_sbc:base/caseNonebase
/operating_model/cells/base_2027q3_sbc:base/idNonebase_2027q3_sbc
/operating_model/cells/base_2027q3_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q3_sbc:base/labelNoneSBC cash-flow addback
/operating_model/cells/base_2027q3_sbc:base/periodNone2027Q3
/operating_model/cells/base_2027q3_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_sbc:base/valueNone28.0
/operating_model/cells/base_2027q3_sga:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_sga:base/caseNonebase
/operating_model/cells/base_2027q3_sga:base/idNonebase_2027q3_sga
/operating_model/cells/base_2027q3_sga:base/kindNoneassumption
/operating_model/cells/base_2027q3_sga:base/labelNoneSG&A expense
/operating_model/cells/base_2027q3_sga:base/periodNone2027Q3
/operating_model/cells/base_2027q3_sga:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_sga:base/valueNone895.0
/operating_model/cells/base_2027q3_timing_neutral_cash:base/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/base_2027q3_timing_neutral_cash:base/caseNonebase
/operating_model/cells/base_2027q3_timing_neutral_cash:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_timing_neutral_cash:base/formula/refs/0Nonebase_2027q3_timing_neutral_cfo
/operating_model/cells/base_2027q3_timing_neutral_cash:base/formula/refs/1Nonebase_2027q3_capex
/operating_model/cells/base_2027q3_timing_neutral_cash:base/idNonebase_2027q3_timing_neutral_cash
/operating_model/cells/base_2027q3_timing_neutral_cash:base/kindNonederived
/operating_model/cells/base_2027q3_timing_neutral_cash:base/labelNoneCash excluding specified float and capex
/operating_model/cells/base_2027q3_timing_neutral_cash:base/periodNone2027Q3
/operating_model/cells/base_2027q3_timing_neutral_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_timing_neutral_cash:base/valueNone-54.7
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/caseNonebase
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/formula/refs/0Nonebase_2027q3_operating_cash_bridge
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/formula/refs/1Nonebase_2027q3_other_operating_cash
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/idNonebase_2027q3_timing_neutral_cfo
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/kindNonederived
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/labelNoneCFO before specified float movements
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/periodNone2027Q3
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_timing_neutral_cfo:base/valueNone-38.7
/operating_model/cells/base_2027q4_average_members:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_average_members:base/caseNonebase
/operating_model/cells/base_2027q4_average_members:base/idNonebase_2027q4_average_members
/operating_model/cells/base_2027q4_average_members:base/kindNoneassumption
/operating_model/cells/base_2027q4_average_members:base/labelNoneAverage member activity
/operating_model/cells/base_2027q4_average_members:base/periodNone2027Q4
/operating_model/cells/base_2027q4_average_members:base/unitNoneratio
/operating_model/cells/base_2027q4_average_members:base/valueNone2870000.0
/operating_model/cells/base_2027q4_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_capex:base/caseNonebase
/operating_model/cells/base_2027q4_capex:base/idNonebase_2027q4_capex
/operating_model/cells/base_2027q4_capex:base/kindNoneassumption
/operating_model/cells/base_2027q4_capex:base/labelNoneCash PP&E and software
/operating_model/cells/base_2027q4_capex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_capex:base/valueNone17.0
/operating_model/cells/base_2027q4_cash_after_capex:base/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/base_2027q4_cash_after_capex:base/caseNonebase
/operating_model/cells/base_2027q4_cash_after_capex:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_cash_after_capex:base/formula/refs/0Nonebase_2027q4_cfo
/operating_model/cells/base_2027q4_cash_after_capex:base/formula/refs/1Nonebase_2027q4_capex
/operating_model/cells/base_2027q4_cash_after_capex:base/idNonebase_2027q4_cash_after_capex
/operating_model/cells/base_2027q4_cash_after_capex:base/kindNonederived
/operating_model/cells/base_2027q4_cash_after_capex:base/labelNoneCFO less cash capex
/operating_model/cells/base_2027q4_cash_after_capex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_after_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_after_capex:base/valueNone975.8
/operating_model/cells/base_2027q4_cash_interest:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q4_cash_interest:base/idNonebase_2027q4_cash_interest
/operating_model/cells/base_2027q4_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q4_cash_interest:base/labelNoneCorporate cash interest
/operating_model/cells/base_2027q4_cash_interest:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_interest:base/valueNone3.7
/operating_model/cells/base_2027q4_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q4_cash_tax:base/idNonebase_2027q4_cash_tax
/operating_model/cells/base_2027q4_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q4_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2027q4_cash_tax:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_tax:base/valueNone18.0
/operating_model/cells/base_2027q4_ceded_other:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_ceded_other:base/caseNonebase
/operating_model/cells/base_2027q4_ceded_other:base/idNonebase_2027q4_ceded_other
/operating_model/cells/base_2027q4_ceded_other:base/kindNoneassumption
/operating_model/cells/base_2027q4_ceded_other:base/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/base_2027q4_ceded_other:base/periodNone2027Q4
/operating_model/cells/base_2027q4_ceded_other:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_ceded_other:base/valueNone5.0
/operating_model/cells/base_2027q4_cfo:base/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/base_2027q4_cfo:base/caseNonebase
/operating_model/cells/base_2027q4_cfo:base/formula/opNonesum
/operating_model/cells/base_2027q4_cfo:base/formula/refs/0Nonebase_2027q4_timing_neutral_cfo
/operating_model/cells/base_2027q4_cfo:base/formula/refs/1Nonebase_2027q4_cms_flow
/operating_model/cells/base_2027q4_cfo:base/formula/refs/2Nonebase_2027q4_claims_float
/operating_model/cells/base_2027q4_cfo:base/idNonebase_2027q4_cfo
/operating_model/cells/base_2027q4_cfo:base/kindNonederived
/operating_model/cells/base_2027q4_cfo:base/labelNoneConsolidated operating cash flow
/operating_model/cells/base_2027q4_cfo:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cfo:base/valueNone992.8
/operating_model/cells/base_2027q4_claims_float:base/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/base_2027q4_claims_float:base/caseNonebase
/operating_model/cells/base_2027q4_claims_float:base/idNonebase_2027q4_claims_float
/operating_model/cells/base_2027q4_claims_float:base/kindNoneassumption
/operating_model/cells/base_2027q4_claims_float:base/labelNoneBenefits-payable cash-timing change
/operating_model/cells/base_2027q4_claims_float:base/periodNone2027Q4
/operating_model/cells/base_2027q4_claims_float:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_claims_float:base/valueNone195.0
/operating_model/cells/base_2027q4_cms_flow:base/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/base_2027q4_cms_flow:base/caseNonebase
/operating_model/cells/base_2027q4_cms_flow:base/idNonebase_2027q4_cms_flow
/operating_model/cells/base_2027q4_cms_flow:base/kindNoneassumption
/operating_model/cells/base_2027q4_cms_flow:base/labelNoneNet CMS cash-timing change
/operating_model/cells/base_2027q4_cms_flow:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cms_flow:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cms_flow:base/valueNone1000.0
/operating_model/cells/base_2027q4_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_da:base/caseNonebase
/operating_model/cells/base_2027q4_da:base/idNonebase_2027q4_da
/operating_model/cells/base_2027q4_da:base/kindNoneassumption
/operating_model/cells/base_2027q4_da:base/labelNoneOperating depreciation and amortization
/operating_model/cells/base_2027q4_da:base/periodNone2027Q4
/operating_model/cells/base_2027q4_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_da:base/valueNone9.0
/operating_model/cells/base_2027q4_direct_premiums:base/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/base_2027q4_direct_premiums:base/caseNonebase
/operating_model/cells/base_2027q4_direct_premiums:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_direct_premiums:base/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/base_2027q4_direct_premiums:base/formula/refs/1Nonebase_2027q4_member_index
/operating_model/cells/base_2027q4_direct_premiums:base/formula/refs/2Nonebase_2027q4_premium_realization
/operating_model/cells/base_2027q4_direct_premiums:base/idNonebase_2027q4_direct_premiums
/operating_model/cells/base_2027q4_direct_premiums:base/kindNonederived
/operating_model/cells/base_2027q4_direct_premiums:base/labelNoneDirect policy premiums
/operating_model/cells/base_2027q4_direct_premiums:base/periodNone2027Q4
/operating_model/cells/base_2027q4_direct_premiums:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_direct_premiums:base/valueNone6150.0
/operating_model/cells/base_2027q4_investment_income:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_investment_income:base/caseNonebase
/operating_model/cells/base_2027q4_investment_income:base/idNonebase_2027q4_investment_income
/operating_model/cells/base_2027q4_investment_income:base/kindNoneassumption
/operating_model/cells/base_2027q4_investment_income:base/labelNoneInvestment income
/operating_model/cells/base_2027q4_investment_income:base/periodNone2027Q4
/operating_model/cells/base_2027q4_investment_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_investment_income:base/valueNone116.0
/operating_model/cells/base_2027q4_medical:base/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/base_2027q4_medical:base/caseNonebase
/operating_model/cells/base_2027q4_medical:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_medical:base/formula/refs/0Noneq2_medical
/operating_model/cells/base_2027q4_medical:base/formula/refs/1Nonebase_2027q4_member_index
/operating_model/cells/base_2027q4_medical:base/formula/refs/2Nonebase_2027q4_medical_realization
/operating_model/cells/base_2027q4_medical:base/idNonebase_2027q4_medical
/operating_model/cells/base_2027q4_medical:base/kindNonederived
/operating_model/cells/base_2027q4_medical:base/labelNoneMedical costs
/operating_model/cells/base_2027q4_medical:base/periodNone2027Q4
/operating_model/cells/base_2027q4_medical:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_medical:base/valueNone4340.0
/operating_model/cells/base_2027q4_medical_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_medical_realization:base/caseNonebase
/operating_model/cells/base_2027q4_medical_realization:base/idNonebase_2027q4_medical_realization
/operating_model/cells/base_2027q4_medical_realization:base/kindNoneassumption
/operating_model/cells/base_2027q4_medical_realization:base/labelNoneMedical cost per member versus reference
/operating_model/cells/base_2027q4_medical_realization:base/periodNone2027Q4
/operating_model/cells/base_2027q4_medical_realization:base/unitNoneratio
/operating_model/cells/base_2027q4_medical_realization:base/valueNone1.1808412483859188
/operating_model/cells/base_2027q4_member_index:base/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/base_2027q4_member_index:base/caseNonebase
/operating_model/cells/base_2027q4_member_index:base/formula/opNonedivide
/operating_model/cells/base_2027q4_member_index:base/formula/refs/0Nonebase_2027q4_average_members
/operating_model/cells/base_2027q4_member_index:base/formula/refs/1Noneq2_members
/operating_model/cells/base_2027q4_member_index:base/idNonebase_2027q4_member_index
/operating_model/cells/base_2027q4_member_index:base/kindNonederived
/operating_model/cells/base_2027q4_member_index:base/labelNoneAverage member activity / June reference
/operating_model/cells/base_2027q4_member_index:base/periodNone2027Q4
/operating_model/cells/base_2027q4_member_index:base/unitNoneratio
/operating_model/cells/base_2027q4_member_index:base/valueNone0.9686122385337573
/operating_model/cells/base_2027q4_mlr:base/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/base_2027q4_mlr:base/caseNonebase
/operating_model/cells/base_2027q4_mlr:base/formula/opNonedivide
/operating_model/cells/base_2027q4_mlr:base/formula/refs/0Nonebase_2027q4_medical
/operating_model/cells/base_2027q4_mlr:base/formula/refs/1Nonebase_2027q4_premium
/operating_model/cells/base_2027q4_mlr:base/idNonebase_2027q4_mlr
/operating_model/cells/base_2027q4_mlr:base/kindNonederived
/operating_model/cells/base_2027q4_mlr:base/labelNoneImplied medical loss ratio
/operating_model/cells/base_2027q4_mlr:base/periodNone2027Q4
/operating_model/cells/base_2027q4_mlr:base/unitNoneratio
/operating_model/cells/base_2027q4_mlr:base/valueNone0.8741188318227593
/operating_model/cells/base_2027q4_operating_cash_bridge:base/basisNoneNo separate reserve-income addback.
/operating_model/cells/base_2027q4_operating_cash_bridge:base/caseNonebase
/operating_model/cells/base_2027q4_operating_cash_bridge:base/formula/opNonesum
/operating_model/cells/base_2027q4_operating_cash_bridge:base/formula/refs/0Nonebase_2027q4_operating_income
/operating_model/cells/base_2027q4_operating_cash_bridge:base/formula/refs/1Nonebase_2027q4_sbc
/operating_model/cells/base_2027q4_operating_cash_bridge:base/formula/refs/2Nonebase_2027q4_da
/operating_model/cells/base_2027q4_operating_cash_bridge:base/formula/refs/3Nonebase_2027q4_premium_credit_loss
/operating_model/cells/base_2027q4_operating_cash_bridge:base/idNonebase_2027q4_operating_cash_bridge
/operating_model/cells/base_2027q4_operating_cash_bridge:base/kindNonederived
/operating_model/cells/base_2027q4_operating_cash_bridge:base/labelNoneOperating earnings plus noncash costs
/operating_model/cells/base_2027q4_operating_cash_bridge:base/periodNone2027Q4
/operating_model/cells/base_2027q4_operating_cash_bridge:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_operating_cash_bridge:base/valueNone-90.5
/operating_model/cells/base_2027q4_operating_cost:base/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/base_2027q4_operating_cost:base/caseNonebase
/operating_model/cells/base_2027q4_operating_cost:base/formula/opNonesum
/operating_model/cells/base_2027q4_operating_cost:base/formula/refs/0Nonebase_2027q4_medical
/operating_model/cells/base_2027q4_operating_cost:base/formula/refs/1Nonebase_2027q4_sga
/operating_model/cells/base_2027q4_operating_cost:base/formula/refs/2Nonebase_2027q4_da
/operating_model/cells/base_2027q4_operating_cost:base/idNonebase_2027q4_operating_cost
/operating_model/cells/base_2027q4_operating_cost:base/kindNonederived
/operating_model/cells/base_2027q4_operating_cost:base/labelNoneMedical SG&A and D&A
/operating_model/cells/base_2027q4_operating_cost:base/periodNone2027Q4
/operating_model/cells/base_2027q4_operating_cost:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_operating_cost:base/valueNone5249.0
/operating_model/cells/base_2027q4_operating_income:base/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/base_2027q4_operating_income:base/caseNonebase
/operating_model/cells/base_2027q4_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_operating_income:base/formula/refs/0Nonebase_2027q4_revenue
/operating_model/cells/base_2027q4_operating_income:base/formula/refs/1Nonebase_2027q4_operating_cost
/operating_model/cells/base_2027q4_operating_income:base/idNonebase_2027q4_operating_income
/operating_model/cells/base_2027q4_operating_income:base/kindNonederived
/operating_model/cells/base_2027q4_operating_income:base/labelNoneEarnings from operations
/operating_model/cells/base_2027q4_operating_income:base/periodNone2027Q4
/operating_model/cells/base_2027q4_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_operating_income:base/valueNone-159.5
/operating_model/cells/base_2027q4_other_operating_cash:base/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/base_2027q4_other_operating_cash:base/caseNonebase
/operating_model/cells/base_2027q4_other_operating_cash:base/formula/opNonesum
/operating_model/cells/base_2027q4_other_operating_cash:base/formula/refs/0Nonebase_2027q4_cash_interest
/operating_model/cells/base_2027q4_other_operating_cash:base/formula/refs/1Nonebase_2027q4_cash_tax
/operating_model/cells/base_2027q4_other_operating_cash:base/formula/refs/2Nonebase_2027q4_other_working_capital
/operating_model/cells/base_2027q4_other_operating_cash:base/idNonebase_2027q4_other_operating_cash
/operating_model/cells/base_2027q4_other_operating_cash:base/kindNonederived
/operating_model/cells/base_2027q4_other_operating_cash:base/labelNoneInterest tax and other working capital uses
/operating_model/cells/base_2027q4_other_operating_cash:base/periodNone2027Q4
/operating_model/cells/base_2027q4_other_operating_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_other_operating_cash:base/valueNone111.7
/operating_model/cells/base_2027q4_other_revenue:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_other_revenue:base/caseNonebase
/operating_model/cells/base_2027q4_other_revenue:base/idNonebase_2027q4_other_revenue
/operating_model/cells/base_2027q4_other_revenue:base/kindNoneassumption
/operating_model/cells/base_2027q4_other_revenue:base/labelNoneOther revenue
/operating_model/cells/base_2027q4_other_revenue:base/periodNone2027Q4
/operating_model/cells/base_2027q4_other_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_other_revenue:base/valueNone8.5
/operating_model/cells/base_2027q4_other_working_capital:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_other_working_capital:base/caseNonebase
/operating_model/cells/base_2027q4_other_working_capital:base/idNonebase_2027q4_other_working_capital
/operating_model/cells/base_2027q4_other_working_capital:base/kindNoneassumption
/operating_model/cells/base_2027q4_other_working_capital:base/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/base_2027q4_other_working_capital:base/periodNone2027Q4
/operating_model/cells/base_2027q4_other_working_capital:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_other_working_capital:base/valueNone90.0
/operating_model/cells/base_2027q4_premium:base/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/base_2027q4_premium:base/caseNonebase
/operating_model/cells/base_2027q4_premium:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_premium:base/formula/refs/0Nonebase_2027q4_direct_premiums
/operating_model/cells/base_2027q4_premium:base/formula/refs/1Nonebase_2027q4_premium_deductions
/operating_model/cells/base_2027q4_premium:base/idNonebase_2027q4_premium
/operating_model/cells/base_2027q4_premium:base/kindNonederived
/operating_model/cells/base_2027q4_premium:base/labelNoneNet recognized premiums
/operating_model/cells/base_2027q4_premium:base/periodNone2027Q4
/operating_model/cells/base_2027q4_premium:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_premium:base/valueNone4965.0
/operating_model/cells/base_2027q4_premium_credit_loss:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_premium_credit_loss:base/caseNonebase
/operating_model/cells/base_2027q4_premium_credit_loss:base/idNonebase_2027q4_premium_credit_loss
/operating_model/cells/base_2027q4_premium_credit_loss:base/kindNoneassumption
/operating_model/cells/base_2027q4_premium_credit_loss:base/labelNoneNoncash premium credit-loss provision
/operating_model/cells/base_2027q4_premium_credit_loss:base/periodNone2027Q4
/operating_model/cells/base_2027q4_premium_credit_loss:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_premium_credit_loss:base/valueNone30.0
/operating_model/cells/base_2027q4_premium_deductions:base/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/base_2027q4_premium_deductions:base/caseNonebase
/operating_model/cells/base_2027q4_premium_deductions:base/formula/opNonesum
/operating_model/cells/base_2027q4_premium_deductions:base/formula/refs/0Nonebase_2027q4_risk_transfer
/operating_model/cells/base_2027q4_premium_deductions:base/formula/refs/1Nonebase_2027q4_ceded_other
/operating_model/cells/base_2027q4_premium_deductions:base/idNonebase_2027q4_premium_deductions
/operating_model/cells/base_2027q4_premium_deductions:base/kindNonederived
/operating_model/cells/base_2027q4_premium_deductions:base/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/base_2027q4_premium_deductions:base/periodNone2027Q4
/operating_model/cells/base_2027q4_premium_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_premium_deductions:base/valueNone1185.0
/operating_model/cells/base_2027q4_premium_realization:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_premium_realization:base/caseNonebase
/operating_model/cells/base_2027q4_premium_realization:base/idNonebase_2027q4_premium_realization
/operating_model/cells/base_2027q4_premium_realization:base/kindNoneassumption
/operating_model/cells/base_2027q4_premium_realization:base/labelNonePremium realization versus reference
/operating_model/cells/base_2027q4_premium_realization:base/periodNone2027Q4
/operating_model/cells/base_2027q4_premium_realization:base/unitNoneratio
/operating_model/cells/base_2027q4_premium_realization:base/valueNone1.120502026923645
/operating_model/cells/base_2027q4_revenue:base/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/base_2027q4_revenue:base/caseNonebase
/operating_model/cells/base_2027q4_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q4_revenue:base/formula/refs/0Nonebase_2027q4_premium
/operating_model/cells/base_2027q4_revenue:base/formula/refs/1Nonebase_2027q4_investment_income
/operating_model/cells/base_2027q4_revenue:base/formula/refs/2Nonebase_2027q4_other_revenue
/operating_model/cells/base_2027q4_revenue:base/idNonebase_2027q4_revenue
/operating_model/cells/base_2027q4_revenue:base/kindNonederived
/operating_model/cells/base_2027q4_revenue:base/labelNoneTotal revenue
/operating_model/cells/base_2027q4_revenue:base/periodNone2027Q4
/operating_model/cells/base_2027q4_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_revenue:base/valueNone5089.5
/operating_model/cells/base_2027q4_risk_transfer:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_risk_transfer:base/caseNonebase
/operating_model/cells/base_2027q4_risk_transfer:base/idNonebase_2027q4_risk_transfer
/operating_model/cells/base_2027q4_risk_transfer:base/kindNoneassumption
/operating_model/cells/base_2027q4_risk_transfer:base/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/base_2027q4_risk_transfer:base/periodNone2027Q4
/operating_model/cells/base_2027q4_risk_transfer:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_risk_transfer:base/valueNone1180.0
/operating_model/cells/base_2027q4_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_sbc:base/caseNonebase
/operating_model/cells/base_2027q4_sbc:base/idNonebase_2027q4_sbc
/operating_model/cells/base_2027q4_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q4_sbc:base/labelNoneSBC cash-flow addback
/operating_model/cells/base_2027q4_sbc:base/periodNone2027Q4
/operating_model/cells/base_2027q4_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_sbc:base/valueNone30.0
/operating_model/cells/base_2027q4_sga:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_sga:base/caseNonebase
/operating_model/cells/base_2027q4_sga:base/idNonebase_2027q4_sga
/operating_model/cells/base_2027q4_sga:base/kindNoneassumption
/operating_model/cells/base_2027q4_sga:base/labelNoneSG&A expense
/operating_model/cells/base_2027q4_sga:base/periodNone2027Q4
/operating_model/cells/base_2027q4_sga:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_sga:base/valueNone900.0
/operating_model/cells/base_2027q4_timing_neutral_cash:base/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/base_2027q4_timing_neutral_cash:base/caseNonebase
/operating_model/cells/base_2027q4_timing_neutral_cash:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_timing_neutral_cash:base/formula/refs/0Nonebase_2027q4_timing_neutral_cfo
/operating_model/cells/base_2027q4_timing_neutral_cash:base/formula/refs/1Nonebase_2027q4_capex
/operating_model/cells/base_2027q4_timing_neutral_cash:base/idNonebase_2027q4_timing_neutral_cash
/operating_model/cells/base_2027q4_timing_neutral_cash:base/kindNonederived
/operating_model/cells/base_2027q4_timing_neutral_cash:base/labelNoneCash excluding specified float and capex
/operating_model/cells/base_2027q4_timing_neutral_cash:base/periodNone2027Q4
/operating_model/cells/base_2027q4_timing_neutral_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_timing_neutral_cash:base/valueNone-219.2
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/caseNonebase
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/formula/refs/0Nonebase_2027q4_operating_cash_bridge
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/formula/refs/1Nonebase_2027q4_other_operating_cash
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/idNonebase_2027q4_timing_neutral_cfo
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/kindNonederived
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/labelNoneCFO before specified float movements
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/periodNone2027Q4
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_timing_neutral_cfo:base/valueNone-202.2
/operating_model/cells/base_fy2026_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_capex:base/caseNonebase
/operating_model/cells/base_fy2026_capex:base/formula/opNonesum
/operating_model/cells/base_fy2026_capex:base/formula/refs/0Noneh1_capex
/operating_model/cells/base_fy2026_capex:base/formula/refs/1Nonebase_2026q3_capex
/operating_model/cells/base_fy2026_capex:base/formula/refs/2Nonebase_2026q4_capex
/operating_model/cells/base_fy2026_capex:base/idNonebase_fy2026_capex
/operating_model/cells/base_fy2026_capex:base/kindNonederived
/operating_model/cells/base_fy2026_capex:base/labelNoneCash PP&E and software ($M)
/operating_model/cells/base_fy2026_capex:base/periodNoneFY2026
/operating_model/cells/base_fy2026_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_capex:base/valueNone45.556
/operating_model/cells/base_fy2026_cash_after_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_cash_after_capex:base/caseNonebase
/operating_model/cells/base_fy2026_cash_after_capex:base/formula/opNonesum
/operating_model/cells/base_fy2026_cash_after_capex:base/formula/refs/0Noneh1_cash_after_capex
/operating_model/cells/base_fy2026_cash_after_capex:base/formula/refs/1Nonebase_2026q3_cash_after_capex
/operating_model/cells/base_fy2026_cash_after_capex:base/formula/refs/2Nonebase_2026q4_cash_after_capex
/operating_model/cells/base_fy2026_cash_after_capex:base/idNonebase_fy2026_cash_after_capex
/operating_model/cells/base_fy2026_cash_after_capex:base/kindNonederived
/operating_model/cells/base_fy2026_cash_after_capex:base/labelNoneCFO less cash capex ($M)
/operating_model/cells/base_fy2026_cash_after_capex:base/periodNoneFY2026
/operating_model/cells/base_fy2026_cash_after_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_cash_after_capex:base/valueNone2895.6490000000003
/operating_model/cells/base_fy2026_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_cfo:base/caseNonebase
/operating_model/cells/base_fy2026_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2026_cfo:base/formula/refs/0Noneh1_cfo
/operating_model/cells/base_fy2026_cfo:base/formula/refs/1Nonebase_2026q3_cfo
/operating_model/cells/base_fy2026_cfo:base/formula/refs/2Nonebase_2026q4_cfo
/operating_model/cells/base_fy2026_cfo:base/idNonebase_fy2026_cfo
/operating_model/cells/base_fy2026_cfo:base/kindNonederived
/operating_model/cells/base_fy2026_cfo:base/labelNoneConsolidated operating cash flow ($M)
/operating_model/cells/base_fy2026_cfo:base/periodNoneFY2026
/operating_model/cells/base_fy2026_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_cfo:base/valueNone2941.205
/operating_model/cells/base_fy2026_claims_float:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_claims_float:base/caseNonebase
/operating_model/cells/base_fy2026_claims_float:base/formula/opNonesum
/operating_model/cells/base_fy2026_claims_float:base/formula/refs/0Noneh1_claims_float
/operating_model/cells/base_fy2026_claims_float:base/formula/refs/1Nonebase_2026q3_claims_float
/operating_model/cells/base_fy2026_claims_float:base/formula/refs/2Nonebase_2026q4_claims_float
/operating_model/cells/base_fy2026_claims_float:base/idNonebase_fy2026_claims_float
/operating_model/cells/base_fy2026_claims_float:base/kindNonederived
/operating_model/cells/base_fy2026_claims_float:base/labelNoneBenefits-payable cash-timing inflow ($M)
/operating_model/cells/base_fy2026_claims_float:base/periodNoneFY2026
/operating_model/cells/base_fy2026_claims_float:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_claims_float:base/valueNone828.05
/operating_model/cells/base_fy2026_cms_flow:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_cms_flow:base/caseNonebase
/operating_model/cells/base_fy2026_cms_flow:base/formula/opNonesum
/operating_model/cells/base_fy2026_cms_flow:base/formula/refs/0Noneh1_cms_flow
/operating_model/cells/base_fy2026_cms_flow:base/formula/refs/1Nonebase_2026q3_cms_flow
/operating_model/cells/base_fy2026_cms_flow:base/formula/refs/2Nonebase_2026q4_cms_flow
/operating_model/cells/base_fy2026_cms_flow:base/idNonebase_fy2026_cms_flow
/operating_model/cells/base_fy2026_cms_flow:base/kindNonederived
/operating_model/cells/base_fy2026_cms_flow:base/labelNoneNet CMS cash-timing inflow ($M)
/operating_model/cells/base_fy2026_cms_flow:base/periodNoneFY2026
/operating_model/cells/base_fy2026_cms_flow:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_cms_flow:base/valueNone1620.473
/operating_model/cells/base_fy2026_medical:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_medical:base/caseNonebase
/operating_model/cells/base_fy2026_medical:base/formula/opNonesum
/operating_model/cells/base_fy2026_medical:base/formula/refs/0Noneh1_medical
/operating_model/cells/base_fy2026_medical:base/formula/refs/1Nonebase_2026q3_medical
/operating_model/cells/base_fy2026_medical:base/formula/refs/2Nonebase_2026q4_medical
/operating_model/cells/base_fy2026_medical:base/idNonebase_fy2026_medical
/operating_model/cells/base_fy2026_medical:base/kindNonederived
/operating_model/cells/base_fy2026_medical:base/labelNoneMedical expense ($M)
/operating_model/cells/base_fy2026_medical:base/periodNoneFY2026
/operating_model/cells/base_fy2026_medical:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_medical:base/valueNone15135.197
/operating_model/cells/base_fy2026_mlr:base/basisNoneAnnual medical expense divided by annual net premiums, never a sum of quarterly ratios.
/operating_model/cells/base_fy2026_mlr:base/caseNonebase
/operating_model/cells/base_fy2026_mlr:base/formula/opNonedivide
/operating_model/cells/base_fy2026_mlr:base/formula/refs/0Nonebase_fy2026_medical
/operating_model/cells/base_fy2026_mlr:base/formula/refs/1Nonebase_fy2026_premium
/operating_model/cells/base_fy2026_mlr:base/idNonebase_fy2026_mlr
/operating_model/cells/base_fy2026_mlr:base/kindNonederived
/operating_model/cells/base_fy2026_mlr:base/labelNoneFY2026 medical loss ratio
/operating_model/cells/base_fy2026_mlr:base/periodNoneFY2026
/operating_model/cells/base_fy2026_mlr:base/unitNoneratio
/operating_model/cells/base_fy2026_mlr:base/valueNone0.8187038423513366
/operating_model/cells/base_fy2026_operating_income:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_operating_income:base/caseNonebase
/operating_model/cells/base_fy2026_operating_income:base/formula/opNonesum
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/0Noneh1_operating_income
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/1Nonebase_2026q3_operating_income
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/2Nonebase_2026q4_operating_income
/operating_model/cells/base_fy2026_operating_income:base/idNonebase_fy2026_operating_income
/operating_model/cells/base_fy2026_operating_income:base/kindNonederived
/operating_model/cells/base_fy2026_operating_income:base/labelNoneEarnings from operations ($M)
/operating_model/cells/base_fy2026_operating_income:base/periodNoneFY2026
/operating_model/cells/base_fy2026_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_operating_income:base/valueNone699.9999999999998
/operating_model/cells/base_fy2026_premium:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_premium:base/caseNonebase
/operating_model/cells/base_fy2026_premium:base/formula/opNonesum
/operating_model/cells/base_fy2026_premium:base/formula/refs/0Noneh1_premium
/operating_model/cells/base_fy2026_premium:base/formula/refs/1Nonebase_2026q3_premium
/operating_model/cells/base_fy2026_premium:base/formula/refs/2Nonebase_2026q4_premium
/operating_model/cells/base_fy2026_premium:base/idNonebase_fy2026_premium
/operating_model/cells/base_fy2026_premium:base/kindNonederived
/operating_model/cells/base_fy2026_premium:base/labelNoneNet premium revenue ($M)
/operating_model/cells/base_fy2026_premium:base/periodNoneFY2026
/operating_model/cells/base_fy2026_premium:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_premium:base/valueNone18486.779
/operating_model/cells/base_fy2026_revenue:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_revenue:base/caseNonebase
/operating_model/cells/base_fy2026_revenue:base/formula/opNonesum
/operating_model/cells/base_fy2026_revenue:base/formula/refs/0Noneh1_revenue
/operating_model/cells/base_fy2026_revenue:base/formula/refs/1Nonebase_2026q3_revenue
/operating_model/cells/base_fy2026_revenue:base/formula/refs/2Nonebase_2026q4_revenue
/operating_model/cells/base_fy2026_revenue:base/idNonebase_fy2026_revenue
/operating_model/cells/base_fy2026_revenue:base/kindNonederived
/operating_model/cells/base_fy2026_revenue:base/labelNoneTotal revenue ($M)
/operating_model/cells/base_fy2026_revenue:base/periodNoneFY2026
/operating_model/cells/base_fy2026_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_revenue:base/valueNone18850.0
/operating_model/cells/base_fy2026_sga:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_sga:base/caseNonebase
/operating_model/cells/base_fy2026_sga:base/formula/opNonesum
/operating_model/cells/base_fy2026_sga:base/formula/refs/0Noneh1_sga
/operating_model/cells/base_fy2026_sga:base/formula/refs/1Nonebase_2026q3_sga
/operating_model/cells/base_fy2026_sga:base/formula/refs/2Nonebase_2026q4_sga
/operating_model/cells/base_fy2026_sga:base/idNonebase_fy2026_sga
/operating_model/cells/base_fy2026_sga:base/kindNonederived
/operating_model/cells/base_fy2026_sga:base/labelNoneSelling general and administrative expense ($M)
/operating_model/cells/base_fy2026_sga:base/periodNoneFY2026
/operating_model/cells/base_fy2026_sga:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_sga:base/valueNone2987.7250000000004
/operating_model/cells/base_fy2026_timing_neutral_cash:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_timing_neutral_cash:base/caseNonebase
/operating_model/cells/base_fy2026_timing_neutral_cash:base/formula/opNonesum
/operating_model/cells/base_fy2026_timing_neutral_cash:base/formula/refs/0Noneh1_timing_neutral_cash
/operating_model/cells/base_fy2026_timing_neutral_cash:base/formula/refs/1Nonebase_2026q3_timing_neutral_cash
/operating_model/cells/base_fy2026_timing_neutral_cash:base/formula/refs/2Nonebase_2026q4_timing_neutral_cash
/operating_model/cells/base_fy2026_timing_neutral_cash:base/idNonebase_fy2026_timing_neutral_cash
/operating_model/cells/base_fy2026_timing_neutral_cash:base/kindNonederived
/operating_model/cells/base_fy2026_timing_neutral_cash:base/labelNoneCash excluding specified float changes and capex ($M)
/operating_model/cells/base_fy2026_timing_neutral_cash:base/periodNoneFY2026
/operating_model/cells/base_fy2026_timing_neutral_cash:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_timing_neutral_cash:base/valueNone447.12599999999935
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/caseNonebase
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/formula/refs/0Noneh1_timing_neutral_cfo
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/formula/refs/1Nonebase_2026q3_timing_neutral_cfo
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/formula/refs/2Nonebase_2026q4_timing_neutral_cfo
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/idNonebase_fy2026_timing_neutral_cfo
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/kindNonederived
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/labelNoneCFO excluding CMS and claims float changes ($M)
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/periodNoneFY2026
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_timing_neutral_cfo:base/valueNone492.6819999999994
/operating_model/cells/base_fy2027_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_capex:base/caseNonebase
/operating_model/cells/base_fy2027_capex:base/formula/opNonesum
/operating_model/cells/base_fy2027_capex:base/formula/refs/0Nonebase_2027q1_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/2Nonebase_2027q3_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/3Nonebase_2027q4_capex
/operating_model/cells/base_fy2027_capex:base/idNonebase_fy2027_capex
/operating_model/cells/base_fy2027_capex:base/kindNonederived
/operating_model/cells/base_fy2027_capex:base/labelNoneCash PP&E and software ($M)
/operating_model/cells/base_fy2027_capex:base/periodNoneFY2027
/operating_model/cells/base_fy2027_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_capex:base/valueNone62.0
/operating_model/cells/base_fy2027_cash_after_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_cash_after_capex:base/caseNonebase
/operating_model/cells/base_fy2027_cash_after_capex:base/formula/opNonesum
/operating_model/cells/base_fy2027_cash_after_capex:base/formula/refs/0Nonebase_2027q1_cash_after_capex
/operating_model/cells/base_fy2027_cash_after_capex:base/formula/refs/1Nonebase_2027q2_cash_after_capex
/operating_model/cells/base_fy2027_cash_after_capex:base/formula/refs/2Nonebase_2027q3_cash_after_capex
/operating_model/cells/base_fy2027_cash_after_capex:base/formula/refs/3Nonebase_2027q4_cash_after_capex
/operating_model/cells/base_fy2027_cash_after_capex:base/idNonebase_fy2027_cash_after_capex
/operating_model/cells/base_fy2027_cash_after_capex:base/kindNonederived
/operating_model/cells/base_fy2027_cash_after_capex:base/labelNoneCFO less cash capex ($M)
/operating_model/cells/base_fy2027_cash_after_capex:base/periodNoneFY2027
/operating_model/cells/base_fy2027_cash_after_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_cash_after_capex:base/valueNone1260.1999999999991
/operating_model/cells/base_fy2027_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_cfo:base/caseNonebase
/operating_model/cells/base_fy2027_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2027_cfo:base/formula/refs/0Nonebase_2027q1_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/1Nonebase_2027q2_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/2Nonebase_2027q3_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/3Nonebase_2027q4_cfo
/operating_model/cells/base_fy2027_cfo:base/idNonebase_fy2027_cfo
/operating_model/cells/base_fy2027_cfo:base/kindNonederived
/operating_model/cells/base_fy2027_cfo:base/labelNoneConsolidated operating cash flow ($M)
/operating_model/cells/base_fy2027_cfo:base/periodNoneFY2027
/operating_model/cells/base_fy2027_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_cfo:base/valueNone1322.1999999999991
/operating_model/cells/base_fy2027_claims_float:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_claims_float:base/caseNonebase
/operating_model/cells/base_fy2027_claims_float:base/formula/opNonesum
/operating_model/cells/base_fy2027_claims_float:base/formula/refs/0Nonebase_2027q1_claims_float
/operating_model/cells/base_fy2027_claims_float:base/formula/refs/1Nonebase_2027q2_claims_float
/operating_model/cells/base_fy2027_claims_float:base/formula/refs/2Nonebase_2027q3_claims_float
/operating_model/cells/base_fy2027_claims_float:base/formula/refs/3Nonebase_2027q4_claims_float
/operating_model/cells/base_fy2027_claims_float:base/idNonebase_fy2027_claims_float
/operating_model/cells/base_fy2027_claims_float:base/kindNonederived
/operating_model/cells/base_fy2027_claims_float:base/labelNoneBenefits-payable cash-timing inflow ($M)
/operating_model/cells/base_fy2027_claims_float:base/periodNoneFY2027
/operating_model/cells/base_fy2027_claims_float:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_claims_float:base/valueNone690.0
/operating_model/cells/base_fy2027_cms_flow:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_cms_flow:base/caseNonebase
/operating_model/cells/base_fy2027_cms_flow:base/formula/opNonesum
/operating_model/cells/base_fy2027_cms_flow:base/formula/refs/0Nonebase_2027q1_cms_flow
/operating_model/cells/base_fy2027_cms_flow:base/formula/refs/1Nonebase_2027q2_cms_flow
/operating_model/cells/base_fy2027_cms_flow:base/formula/refs/2Nonebase_2027q3_cms_flow
/operating_model/cells/base_fy2027_cms_flow:base/formula/refs/3Nonebase_2027q4_cms_flow
/operating_model/cells/base_fy2027_cms_flow:base/idNonebase_fy2027_cms_flow
/operating_model/cells/base_fy2027_cms_flow:base/kindNonederived
/operating_model/cells/base_fy2027_cms_flow:base/labelNoneNet CMS cash-timing inflow ($M)
/operating_model/cells/base_fy2027_cms_flow:base/periodNoneFY2027
/operating_model/cells/base_fy2027_cms_flow:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_cms_flow:base/valueNone100.0
/operating_model/cells/base_fy2027_medical:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_medical:base/caseNonebase
/operating_model/cells/base_fy2027_medical:base/formula/opNonesum
/operating_model/cells/base_fy2027_medical:base/formula/refs/0Nonebase_2027q1_medical
/operating_model/cells/base_fy2027_medical:base/formula/refs/1Nonebase_2027q2_medical
/operating_model/cells/base_fy2027_medical:base/formula/refs/2Nonebase_2027q3_medical
/operating_model/cells/base_fy2027_medical:base/formula/refs/3Nonebase_2027q4_medical
/operating_model/cells/base_fy2027_medical:base/idNonebase_fy2027_medical
/operating_model/cells/base_fy2027_medical:base/kindNonederived
/operating_model/cells/base_fy2027_medical:base/labelNoneMedical expense ($M)
/operating_model/cells/base_fy2027_medical:base/periodNoneFY2027
/operating_model/cells/base_fy2027_medical:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_medical:base/valueNone16890.0
/operating_model/cells/base_fy2027_operating_income:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_operating_income:base/caseNonebase
/operating_model/cells/base_fy2027_operating_income:base/formula/opNonesum
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/0Nonebase_2027q1_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/1Nonebase_2027q2_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/2Nonebase_2027q3_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/3Nonebase_2027q4_operating_income
/operating_model/cells/base_fy2027_operating_income:base/idNonebase_fy2027_operating_income
/operating_model/cells/base_fy2027_operating_income:base/kindNonederived
/operating_model/cells/base_fy2027_operating_income:base/labelNoneEarnings from operations ($M)
/operating_model/cells/base_fy2027_operating_income:base/periodNoneFY2027
/operating_model/cells/base_fy2027_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_operating_income:base/valueNone687.9999999999991
/operating_model/cells/base_fy2027_premium:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_premium:base/caseNonebase
/operating_model/cells/base_fy2027_premium:base/formula/opNonesum
/operating_model/cells/base_fy2027_premium:base/formula/refs/0Nonebase_2027q1_premium
/operating_model/cells/base_fy2027_premium:base/formula/refs/1Nonebase_2027q2_premium
/operating_model/cells/base_fy2027_premium:base/formula/refs/2Nonebase_2027q3_premium
/operating_model/cells/base_fy2027_premium:base/formula/refs/3Nonebase_2027q4_premium
/operating_model/cells/base_fy2027_premium:base/idNonebase_fy2027_premium
/operating_model/cells/base_fy2027_premium:base/kindNonederived
/operating_model/cells/base_fy2027_premium:base/labelNoneNet premium revenue ($M)
/operating_model/cells/base_fy2027_premium:base/periodNoneFY2027
/operating_model/cells/base_fy2027_premium:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_premium:base/valueNone20730.0
/operating_model/cells/base_fy2027_revenue:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_revenue:base/caseNonebase
/operating_model/cells/base_fy2027_revenue:base/formula/opNonesum
/operating_model/cells/base_fy2027_revenue:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/1Nonebase_2027q2_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/2Nonebase_2027q3_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/3Nonebase_2027q4_revenue
/operating_model/cells/base_fy2027_revenue:base/idNonebase_fy2027_revenue
/operating_model/cells/base_fy2027_revenue:base/kindNonederived
/operating_model/cells/base_fy2027_revenue:base/labelNoneTotal revenue ($M)
/operating_model/cells/base_fy2027_revenue:base/periodNoneFY2027
/operating_model/cells/base_fy2027_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_revenue:base/valueNone21201.0
/operating_model/cells/base_fy2027_sga:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_sga:base/caseNonebase
/operating_model/cells/base_fy2027_sga:base/formula/opNonesum
/operating_model/cells/base_fy2027_sga:base/formula/refs/0Nonebase_2027q1_sga
/operating_model/cells/base_fy2027_sga:base/formula/refs/1Nonebase_2027q2_sga
/operating_model/cells/base_fy2027_sga:base/formula/refs/2Nonebase_2027q3_sga
/operating_model/cells/base_fy2027_sga:base/formula/refs/3Nonebase_2027q4_sga
/operating_model/cells/base_fy2027_sga:base/idNonebase_fy2027_sga
/operating_model/cells/base_fy2027_sga:base/kindNonederived
/operating_model/cells/base_fy2027_sga:base/labelNoneSelling general and administrative expense ($M)
/operating_model/cells/base_fy2027_sga:base/periodNoneFY2027
/operating_model/cells/base_fy2027_sga:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_sga:base/valueNone3590.0
/operating_model/cells/base_fy2027_timing_neutral_cash:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_timing_neutral_cash:base/caseNonebase
/operating_model/cells/base_fy2027_timing_neutral_cash:base/formula/opNonesum
/operating_model/cells/base_fy2027_timing_neutral_cash:base/formula/refs/0Nonebase_2027q1_timing_neutral_cash
/operating_model/cells/base_fy2027_timing_neutral_cash:base/formula/refs/1Nonebase_2027q2_timing_neutral_cash
/operating_model/cells/base_fy2027_timing_neutral_cash:base/formula/refs/2Nonebase_2027q3_timing_neutral_cash
/operating_model/cells/base_fy2027_timing_neutral_cash:base/formula/refs/3Nonebase_2027q4_timing_neutral_cash
/operating_model/cells/base_fy2027_timing_neutral_cash:base/idNonebase_fy2027_timing_neutral_cash
/operating_model/cells/base_fy2027_timing_neutral_cash:base/kindNonederived
/operating_model/cells/base_fy2027_timing_neutral_cash:base/labelNoneCash excluding specified float changes and capex ($M)
/operating_model/cells/base_fy2027_timing_neutral_cash:base/periodNoneFY2027
/operating_model/cells/base_fy2027_timing_neutral_cash:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_timing_neutral_cash:base/valueNone470.1999999999991
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/caseNonebase
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/formula/refs/0Nonebase_2027q1_timing_neutral_cfo
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/formula/refs/1Nonebase_2027q2_timing_neutral_cfo
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/formula/refs/2Nonebase_2027q3_timing_neutral_cfo
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/formula/refs/3Nonebase_2027q4_timing_neutral_cfo
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/idNonebase_fy2027_timing_neutral_cfo
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/kindNonederived
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/labelNoneCFO excluding CMS and claims float changes ($M)
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/periodNoneFY2027
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_timing_neutral_cfo:base/valueNone532.1999999999991
/operating_model/cells/base_h2_operating:base/basisNoneRemaining-year seasonal earnings requirement.
/operating_model/cells/base_h2_operating:base/caseNonebase
/operating_model/cells/base_h2_operating:base/formula/opNonesum
/operating_model/cells/base_h2_operating:base/formula/refs/0Nonebase_2026q3_operating_income
/operating_model/cells/base_h2_operating:base/formula/refs/1Nonebase_2026q4_operating_income
/operating_model/cells/base_h2_operating:base/idNonebase_h2_operating
/operating_model/cells/base_h2_operating:base/kindNonederived
/operating_model/cells/base_h2_operating:base/labelNoneH2 operating earnings requirement
/operating_model/cells/base_h2_operating:base/periodNoneH2 2026
/operating_model/cells/base_h2_operating:base/unitNoneUSD_millions
/operating_model/cells/base_h2_operating:base/valueNone-392.72000000000025
/operating_model/cells/benefits_payable:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/benefits_payable:shared/caseNoneshared
/operating_model/cells/benefits_payable:shared/idNonebenefits_payable
/operating_model/cells/benefits_payable:shared/kindNonereported
/operating_model/cells/benefits_payable:shared/labelNonebenefits payable
/operating_model/cells/benefits_payable:shared/periodNoneJune 2026
/operating_model/cells/benefits_payable:shared/source_dateNone2026-08-07
/operating_model/cells/benefits_payable:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/benefits_payable:shared/unitNoneUSD_millions
/operating_model/cells/benefits_payable:shared/valueNone1898.435
/operating_model/cells/cash:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/cash:shared/caseNoneshared
/operating_model/cells/cash:shared/idNonecash
/operating_model/cells/cash:shared/kindNonereported
/operating_model/cells/cash:shared/labelNonecash
/operating_model/cells/cash:shared/periodNoneJune 2026
/operating_model/cells/cash:shared/source_dateNone2026-08-07
/operating_model/cells/cash:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/cash:shared/unitNoneUSD_millions
/operating_model/cells/cash:shared/valueNone4075.612
/operating_model/cells/cms_payables:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/cms_payables:shared/caseNoneshared
/operating_model/cells/cms_payables:shared/idNonecms_payables
/operating_model/cells/cms_payables:shared/kindNonereported
/operating_model/cells/cms_payables:shared/labelNonecms payables
/operating_model/cells/cms_payables:shared/periodNoneJune 2026
/operating_model/cells/cms_payables:shared/source_dateNone2026-08-07
/operating_model/cells/cms_payables:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/cms_payables:shared/unitNoneUSD_millions
/operating_model/cells/cms_payables:shared/valueNone6095.289
/operating_model/cells/cms_receivables:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/cms_receivables:shared/caseNoneshared
/operating_model/cells/cms_receivables:shared/idNonecms_receivables
/operating_model/cells/cms_receivables:shared/kindNonereported
/operating_model/cells/cms_receivables:shared/labelNonecms receivables
/operating_model/cells/cms_receivables:shared/periodNoneJune 2026
/operating_model/cells/cms_receivables:shared/source_dateNone2026-08-07
/operating_model/cells/cms_receivables:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/cms_receivables:shared/unitNoneUSD_millions
/operating_model/cells/cms_receivables:shared/valueNone180.75
/operating_model/cells/downside_2026q3_average_members:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_average_members:downside/caseNonedownside
/operating_model/cells/downside_2026q3_average_members:downside/idNonedownside_2026q3_average_members
/operating_model/cells/downside_2026q3_average_members:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_average_members:downside/labelNoneAverage member activity
/operating_model/cells/downside_2026q3_average_members:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_average_members:downside/unitNoneratio
/operating_model/cells/downside_2026q3_average_members:downside/valueNone2800000.0
/operating_model/cells/downside_2026q3_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q3_capex:downside/idNonedownside_2026q3_capex
/operating_model/cells/downside_2026q3_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_capex:downside/labelNoneCash PP&E and software
/operating_model/cells/downside_2026q3_capex:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_capex:downside/valueNone12.0
/operating_model/cells/downside_2026q3_cash_after_capex:downside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/downside_2026q3_cash_after_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_after_capex:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_cash_after_capex:downside/formula/refs/0Nonedownside_2026q3_cfo
/operating_model/cells/downside_2026q3_cash_after_capex:downside/formula/refs/1Nonedownside_2026q3_capex
/operating_model/cells/downside_2026q3_cash_after_capex:downside/idNonedownside_2026q3_cash_after_capex
/operating_model/cells/downside_2026q3_cash_after_capex:downside/kindNonederived
/operating_model/cells/downside_2026q3_cash_after_capex:downside/labelNoneCFO less cash capex
/operating_model/cells/downside_2026q3_cash_after_capex:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_after_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_after_capex:downside/valueNone-3128.7
/operating_model/cells/downside_2026q3_cash_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_interest:downside/idNonedownside_2026q3_cash_interest
/operating_model/cells/downside_2026q3_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_cash_interest:downside/labelNoneCorporate cash interest
/operating_model/cells/downside_2026q3_cash_interest:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_interest:downside/valueNone3.7
/operating_model/cells/downside_2026q3_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_tax:downside/idNonedownside_2026q3_cash_tax
/operating_model/cells/downside_2026q3_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2026q3_cash_tax:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_tax:downside/valueNone8.0
/operating_model/cells/downside_2026q3_ceded_other:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_ceded_other:downside/caseNonedownside
/operating_model/cells/downside_2026q3_ceded_other:downside/idNonedownside_2026q3_ceded_other
/operating_model/cells/downside_2026q3_ceded_other:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_ceded_other:downside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/downside_2026q3_ceded_other:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_ceded_other:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_ceded_other:downside/valueNone5.0
/operating_model/cells/downside_2026q3_cfo:downside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/downside_2026q3_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_cfo:downside/formula/refs/0Nonedownside_2026q3_timing_neutral_cfo
/operating_model/cells/downside_2026q3_cfo:downside/formula/refs/1Nonedownside_2026q3_cms_flow
/operating_model/cells/downside_2026q3_cfo:downside/formula/refs/2Nonedownside_2026q3_claims_float
/operating_model/cells/downside_2026q3_cfo:downside/idNonedownside_2026q3_cfo
/operating_model/cells/downside_2026q3_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q3_cfo:downside/labelNoneConsolidated operating cash flow
/operating_model/cells/downside_2026q3_cfo:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cfo:downside/valueNone-3116.7
/operating_model/cells/downside_2026q3_claims_float:downside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/downside_2026q3_claims_float:downside/caseNonedownside
/operating_model/cells/downside_2026q3_claims_float:downside/idNonedownside_2026q3_claims_float
/operating_model/cells/downside_2026q3_claims_float:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_claims_float:downside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/downside_2026q3_claims_float:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_claims_float:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_claims_float:downside/valueNone250.0
/operating_model/cells/downside_2026q3_cms_flow:downside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/downside_2026q3_cms_flow:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cms_flow:downside/idNonedownside_2026q3_cms_flow
/operating_model/cells/downside_2026q3_cms_flow:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_cms_flow:downside/labelNoneNet CMS cash-timing change
/operating_model/cells/downside_2026q3_cms_flow:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cms_flow:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cms_flow:downside/valueNone-2900.0
/operating_model/cells/downside_2026q3_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_da:downside/caseNonedownside
/operating_model/cells/downside_2026q3_da:downside/idNonedownside_2026q3_da
/operating_model/cells/downside_2026q3_da:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_da:downside/labelNoneOperating depreciation and amortization
/operating_model/cells/downside_2026q3_da:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_da:downside/valueNone7.0
/operating_model/cells/downside_2026q3_direct_premiums:downside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/downside_2026q3_direct_premiums:downside/caseNonedownside
/operating_model/cells/downside_2026q3_direct_premiums:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_direct_premiums:downside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/downside_2026q3_direct_premiums:downside/formula/refs/1Nonedownside_2026q3_member_index
/operating_model/cells/downside_2026q3_direct_premiums:downside/formula/refs/2Nonedownside_2026q3_premium_realization
/operating_model/cells/downside_2026q3_direct_premiums:downside/idNonedownside_2026q3_direct_premiums
/operating_model/cells/downside_2026q3_direct_premiums:downside/kindNonederived
/operating_model/cells/downside_2026q3_direct_premiums:downside/labelNoneDirect policy premiums
/operating_model/cells/downside_2026q3_direct_premiums:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_direct_premiums:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_direct_premiums:downside/valueNone5520.0
/operating_model/cells/downside_2026q3_investment_income:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_investment_income:downside/caseNonedownside
/operating_model/cells/downside_2026q3_investment_income:downside/idNonedownside_2026q3_investment_income
/operating_model/cells/downside_2026q3_investment_income:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_investment_income:downside/labelNoneInvestment income
/operating_model/cells/downside_2026q3_investment_income:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_investment_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_investment_income:downside/valueNone94.0
/operating_model/cells/downside_2026q3_medical:downside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/downside_2026q3_medical:downside/caseNonedownside
/operating_model/cells/downside_2026q3_medical:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_medical:downside/formula/refs/0Noneq2_medical
/operating_model/cells/downside_2026q3_medical:downside/formula/refs/1Nonedownside_2026q3_member_index
/operating_model/cells/downside_2026q3_medical:downside/formula/refs/2Nonedownside_2026q3_medical_realization
/operating_model/cells/downside_2026q3_medical:downside/idNonedownside_2026q3_medical
/operating_model/cells/downside_2026q3_medical:downside/kindNonederived
/operating_model/cells/downside_2026q3_medical:downside/labelNoneMedical costs
/operating_model/cells/downside_2026q3_medical:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_medical:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_medical:downside/valueNone4200.0
/operating_model/cells/downside_2026q3_medical_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_medical_realization:downside/caseNonedownside
/operating_model/cells/downside_2026q3_medical_realization:downside/idNonedownside_2026q3_medical_realization
/operating_model/cells/downside_2026q3_medical_realization:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_medical_realization:downside/labelNoneMedical cost per member versus reference
/operating_model/cells/downside_2026q3_medical_realization:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_medical_realization:downside/unitNoneratio
/operating_model/cells/downside_2026q3_medical_realization:downside/valueNone1.1713183350924838
/operating_model/cells/downside_2026q3_member_index:downside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/downside_2026q3_member_index:downside/caseNonedownside
/operating_model/cells/downside_2026q3_member_index:downside/formula/opNonedivide
/operating_model/cells/downside_2026q3_member_index:downside/formula/refs/0Nonedownside_2026q3_average_members
/operating_model/cells/downside_2026q3_member_index:downside/formula/refs/1Noneq2_members
/operating_model/cells/downside_2026q3_member_index:downside/idNonedownside_2026q3_member_index
/operating_model/cells/downside_2026q3_member_index:downside/kindNonederived
/operating_model/cells/downside_2026q3_member_index:downside/labelNoneAverage member activity / June reference
/operating_model/cells/downside_2026q3_member_index:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_member_index:downside/unitNoneratio
/operating_model/cells/downside_2026q3_member_index:downside/valueNone0.9449875497890315
/operating_model/cells/downside_2026q3_mlr:downside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/downside_2026q3_mlr:downside/caseNonedownside
/operating_model/cells/downside_2026q3_mlr:downside/formula/opNonedivide
/operating_model/cells/downside_2026q3_mlr:downside/formula/refs/0Nonedownside_2026q3_medical
/operating_model/cells/downside_2026q3_mlr:downside/formula/refs/1Nonedownside_2026q3_premium
/operating_model/cells/downside_2026q3_mlr:downside/idNonedownside_2026q3_mlr
/operating_model/cells/downside_2026q3_mlr:downside/kindNonederived
/operating_model/cells/downside_2026q3_mlr:downside/labelNoneImplied medical loss ratio
/operating_model/cells/downside_2026q3_mlr:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_mlr:downside/unitNoneratio
/operating_model/cells/downside_2026q3_mlr:downside/valueNone0.9406494960806271
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/basisNoneNo separate reserve-income addback.
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/formula/refs/0Nonedownside_2026q3_operating_income
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/formula/refs/1Nonedownside_2026q3_sbc
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/formula/refs/2Nonedownside_2026q3_da
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/formula/refs/3Nonedownside_2026q3_premium_credit_loss
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/idNonedownside_2026q3_operating_cash_bridge
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/kindNonederived
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_operating_cash_bridge:downside/valueNone-390.0
/operating_model/cells/downside_2026q3_operating_cost:downside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/downside_2026q3_operating_cost:downside/caseNonedownside
/operating_model/cells/downside_2026q3_operating_cost:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_operating_cost:downside/formula/refs/0Nonedownside_2026q3_medical
/operating_model/cells/downside_2026q3_operating_cost:downside/formula/refs/1Nonedownside_2026q3_sga
/operating_model/cells/downside_2026q3_operating_cost:downside/formula/refs/2Nonedownside_2026q3_da
/operating_model/cells/downside_2026q3_operating_cost:downside/idNonedownside_2026q3_operating_cost
/operating_model/cells/downside_2026q3_operating_cost:downside/kindNonederived
/operating_model/cells/downside_2026q3_operating_cost:downside/labelNoneMedical SG&A and D&A
/operating_model/cells/downside_2026q3_operating_cost:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_operating_cost:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_operating_cost:downside/valueNone5002.0
/operating_model/cells/downside_2026q3_operating_income:downside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/downside_2026q3_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2026q3_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_operating_income:downside/formula/refs/0Nonedownside_2026q3_revenue
/operating_model/cells/downside_2026q3_operating_income:downside/formula/refs/1Nonedownside_2026q3_operating_cost
/operating_model/cells/downside_2026q3_operating_income:downside/idNonedownside_2026q3_operating_income
/operating_model/cells/downside_2026q3_operating_income:downside/kindNonederived
/operating_model/cells/downside_2026q3_operating_income:downside/labelNoneEarnings from operations
/operating_model/cells/downside_2026q3_operating_income:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_operating_income:downside/valueNone-437.0
/operating_model/cells/downside_2026q3_other_operating_cash:downside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/downside_2026q3_other_operating_cash:downside/caseNonedownside
/operating_model/cells/downside_2026q3_other_operating_cash:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_other_operating_cash:downside/formula/refs/0Nonedownside_2026q3_cash_interest
/operating_model/cells/downside_2026q3_other_operating_cash:downside/formula/refs/1Nonedownside_2026q3_cash_tax
/operating_model/cells/downside_2026q3_other_operating_cash:downside/formula/refs/2Nonedownside_2026q3_other_working_capital
/operating_model/cells/downside_2026q3_other_operating_cash:downside/idNonedownside_2026q3_other_operating_cash
/operating_model/cells/downside_2026q3_other_operating_cash:downside/kindNonederived
/operating_model/cells/downside_2026q3_other_operating_cash:downside/labelNoneInterest tax and other working capital uses
/operating_model/cells/downside_2026q3_other_operating_cash:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_other_operating_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_other_operating_cash:downside/valueNone76.7
/operating_model/cells/downside_2026q3_other_revenue:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_other_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q3_other_revenue:downside/idNonedownside_2026q3_other_revenue
/operating_model/cells/downside_2026q3_other_revenue:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_other_revenue:downside/labelNoneOther revenue
/operating_model/cells/downside_2026q3_other_revenue:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_other_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_other_revenue:downside/valueNone6.0
/operating_model/cells/downside_2026q3_other_working_capital:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_other_working_capital:downside/caseNonedownside
/operating_model/cells/downside_2026q3_other_working_capital:downside/idNonedownside_2026q3_other_working_capital
/operating_model/cells/downside_2026q3_other_working_capital:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_other_working_capital:downside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/downside_2026q3_other_working_capital:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_other_working_capital:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_other_working_capital:downside/valueNone65.0
/operating_model/cells/downside_2026q3_premium:downside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/downside_2026q3_premium:downside/caseNonedownside
/operating_model/cells/downside_2026q3_premium:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_premium:downside/formula/refs/0Nonedownside_2026q3_direct_premiums
/operating_model/cells/downside_2026q3_premium:downside/formula/refs/1Nonedownside_2026q3_premium_deductions
/operating_model/cells/downside_2026q3_premium:downside/idNonedownside_2026q3_premium
/operating_model/cells/downside_2026q3_premium:downside/kindNonederived
/operating_model/cells/downside_2026q3_premium:downside/labelNoneNet recognized premiums
/operating_model/cells/downside_2026q3_premium:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_premium:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_premium:downside/valueNone4465.0
/operating_model/cells/downside_2026q3_premium_credit_loss:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_premium_credit_loss:downside/caseNonedownside
/operating_model/cells/downside_2026q3_premium_credit_loss:downside/idNonedownside_2026q3_premium_credit_loss
/operating_model/cells/downside_2026q3_premium_credit_loss:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_premium_credit_loss:downside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/downside_2026q3_premium_credit_loss:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_premium_credit_loss:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_premium_credit_loss:downside/valueNone20.0
/operating_model/cells/downside_2026q3_premium_deductions:downside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/downside_2026q3_premium_deductions:downside/caseNonedownside
/operating_model/cells/downside_2026q3_premium_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_premium_deductions:downside/formula/refs/0Nonedownside_2026q3_risk_transfer
/operating_model/cells/downside_2026q3_premium_deductions:downside/formula/refs/1Nonedownside_2026q3_ceded_other
/operating_model/cells/downside_2026q3_premium_deductions:downside/idNonedownside_2026q3_premium_deductions
/operating_model/cells/downside_2026q3_premium_deductions:downside/kindNonederived
/operating_model/cells/downside_2026q3_premium_deductions:downside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/downside_2026q3_premium_deductions:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_premium_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_premium_deductions:downside/valueNone1055.0
/operating_model/cells/downside_2026q3_premium_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_premium_realization:downside/caseNonedownside
/operating_model/cells/downside_2026q3_premium_realization:downside/idNonedownside_2026q3_premium_realization
/operating_model/cells/downside_2026q3_premium_realization:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_premium_realization:downside/labelNonePremium realization versus reference
/operating_model/cells/downside_2026q3_premium_realization:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_premium_realization:downside/unitNoneratio
/operating_model/cells/downside_2026q3_premium_realization:downside/valueNone1.0308618647697534
/operating_model/cells/downside_2026q3_revenue:downside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/downside_2026q3_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q3_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_revenue:downside/formula/refs/0Nonedownside_2026q3_premium
/operating_model/cells/downside_2026q3_revenue:downside/formula/refs/1Nonedownside_2026q3_investment_income
/operating_model/cells/downside_2026q3_revenue:downside/formula/refs/2Nonedownside_2026q3_other_revenue
/operating_model/cells/downside_2026q3_revenue:downside/idNonedownside_2026q3_revenue
/operating_model/cells/downside_2026q3_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q3_revenue:downside/labelNoneTotal revenue
/operating_model/cells/downside_2026q3_revenue:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_revenue:downside/valueNone4565.0
/operating_model/cells/downside_2026q3_risk_transfer:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_risk_transfer:downside/caseNonedownside
/operating_model/cells/downside_2026q3_risk_transfer:downside/idNonedownside_2026q3_risk_transfer
/operating_model/cells/downside_2026q3_risk_transfer:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_risk_transfer:downside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/downside_2026q3_risk_transfer:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_risk_transfer:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_risk_transfer:downside/valueNone1050.0
/operating_model/cells/downside_2026q3_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_sbc:downside/caseNonedownside
/operating_model/cells/downside_2026q3_sbc:downside/idNonedownside_2026q3_sbc
/operating_model/cells/downside_2026q3_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_sbc:downside/labelNoneSBC cash-flow addback
/operating_model/cells/downside_2026q3_sbc:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_sbc:downside/valueNone20.0
/operating_model/cells/downside_2026q3_sga:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_sga:downside/caseNonedownside
/operating_model/cells/downside_2026q3_sga:downside/idNonedownside_2026q3_sga
/operating_model/cells/downside_2026q3_sga:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_sga:downside/labelNoneSG&A expense
/operating_model/cells/downside_2026q3_sga:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_sga:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_sga:downside/valueNone795.0
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/caseNonedownside
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/formula/refs/0Nonedownside_2026q3_timing_neutral_cfo
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/formula/refs/1Nonedownside_2026q3_capex
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/idNonedownside_2026q3_timing_neutral_cash
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/kindNonederived
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/labelNoneCash excluding specified float and capex
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_timing_neutral_cash:downside/valueNone-478.7
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/formula/refs/0Nonedownside_2026q3_operating_cash_bridge
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/formula/refs/1Nonedownside_2026q3_other_operating_cash
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/idNonedownside_2026q3_timing_neutral_cfo
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/labelNoneCFO before specified float movements
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_timing_neutral_cfo:downside/valueNone-466.7
/operating_model/cells/downside_2026q4_average_members:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_average_members:downside/caseNonedownside
/operating_model/cells/downside_2026q4_average_members:downside/idNonedownside_2026q4_average_members
/operating_model/cells/downside_2026q4_average_members:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_average_members:downside/labelNoneAverage member activity
/operating_model/cells/downside_2026q4_average_members:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_average_members:downside/unitNoneratio
/operating_model/cells/downside_2026q4_average_members:downside/valueNone2580000.0
/operating_model/cells/downside_2026q4_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_capex:downside/idNonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_capex:downside/labelNoneCash PP&E and software
/operating_model/cells/downside_2026q4_capex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_capex:downside/valueNone13.0
/operating_model/cells/downside_2026q4_cash_after_capex:downside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/downside_2026q4_cash_after_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_after_capex:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_cash_after_capex:downside/formula/refs/0Nonedownside_2026q4_cfo
/operating_model/cells/downside_2026q4_cash_after_capex:downside/formula/refs/1Nonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_cash_after_capex:downside/idNonedownside_2026q4_cash_after_capex
/operating_model/cells/downside_2026q4_cash_after_capex:downside/kindNonederived
/operating_model/cells/downside_2026q4_cash_after_capex:downside/labelNoneCFO less cash capex
/operating_model/cells/downside_2026q4_cash_after_capex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_after_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_after_capex:downside/valueNone-141.69999999999914
/operating_model/cells/downside_2026q4_cash_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_interest:downside/idNonedownside_2026q4_cash_interest
/operating_model/cells/downside_2026q4_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_cash_interest:downside/labelNoneCorporate cash interest
/operating_model/cells/downside_2026q4_cash_interest:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_interest:downside/valueNone3.7
/operating_model/cells/downside_2026q4_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_tax:downside/idNonedownside_2026q4_cash_tax
/operating_model/cells/downside_2026q4_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2026q4_cash_tax:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_tax:downside/valueNone10.0
/operating_model/cells/downside_2026q4_ceded_other:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_ceded_other:downside/caseNonedownside
/operating_model/cells/downside_2026q4_ceded_other:downside/idNonedownside_2026q4_ceded_other
/operating_model/cells/downside_2026q4_ceded_other:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_ceded_other:downside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/downside_2026q4_ceded_other:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_ceded_other:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_ceded_other:downside/valueNone5.0
/operating_model/cells/downside_2026q4_cfo:downside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/downside_2026q4_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/0Nonedownside_2026q4_timing_neutral_cfo
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/1Nonedownside_2026q4_cms_flow
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/2Nonedownside_2026q4_claims_float
/operating_model/cells/downside_2026q4_cfo:downside/idNonedownside_2026q4_cfo
/operating_model/cells/downside_2026q4_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q4_cfo:downside/labelNoneConsolidated operating cash flow
/operating_model/cells/downside_2026q4_cfo:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cfo:downside/valueNone-128.69999999999914
/operating_model/cells/downside_2026q4_claims_float:downside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/downside_2026q4_claims_float:downside/caseNonedownside
/operating_model/cells/downside_2026q4_claims_float:downside/idNonedownside_2026q4_claims_float
/operating_model/cells/downside_2026q4_claims_float:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_claims_float:downside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/downside_2026q4_claims_float:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_claims_float:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_claims_float:downside/valueNone135.0
/operating_model/cells/downside_2026q4_cms_flow:downside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/downside_2026q4_cms_flow:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cms_flow:downside/idNonedownside_2026q4_cms_flow
/operating_model/cells/downside_2026q4_cms_flow:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_cms_flow:downside/labelNoneNet CMS cash-timing change
/operating_model/cells/downside_2026q4_cms_flow:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cms_flow:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cms_flow:downside/valueNone700.0
/operating_model/cells/downside_2026q4_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_da:downside/caseNonedownside
/operating_model/cells/downside_2026q4_da:downside/idNonedownside_2026q4_da
/operating_model/cells/downside_2026q4_da:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_da:downside/labelNoneOperating depreciation and amortization
/operating_model/cells/downside_2026q4_da:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_da:downside/valueNone7.0
/operating_model/cells/downside_2026q4_direct_premiums:downside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/downside_2026q4_direct_premiums:downside/caseNonedownside
/operating_model/cells/downside_2026q4_direct_premiums:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_direct_premiums:downside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/downside_2026q4_direct_premiums:downside/formula/refs/1Nonedownside_2026q4_member_index
/operating_model/cells/downside_2026q4_direct_premiums:downside/formula/refs/2Nonedownside_2026q4_premium_realization
/operating_model/cells/downside_2026q4_direct_premiums:downside/idNonedownside_2026q4_direct_premiums
/operating_model/cells/downside_2026q4_direct_premiums:downside/kindNonederived
/operating_model/cells/downside_2026q4_direct_premiums:downside/labelNoneDirect policy premiums
/operating_model/cells/downside_2026q4_direct_premiums:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_direct_premiums:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_direct_premiums:downside/valueNone5300.000000000001
/operating_model/cells/downside_2026q4_investment_income:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_investment_income:downside/caseNonedownside
/operating_model/cells/downside_2026q4_investment_income:downside/idNonedownside_2026q4_investment_income
/operating_model/cells/downside_2026q4_investment_income:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_investment_income:downside/labelNoneInvestment income
/operating_model/cells/downside_2026q4_investment_income:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_investment_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_investment_income:downside/valueNone100.0
/operating_model/cells/downside_2026q4_medical:downside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/downside_2026q4_medical:downside/caseNonedownside
/operating_model/cells/downside_2026q4_medical:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_medical:downside/formula/refs/0Noneq2_medical
/operating_model/cells/downside_2026q4_medical:downside/formula/refs/1Nonedownside_2026q4_member_index
/operating_model/cells/downside_2026q4_medical:downside/formula/refs/2Nonedownside_2026q4_medical_realization
/operating_model/cells/downside_2026q4_medical:downside/idNonedownside_2026q4_medical
/operating_model/cells/downside_2026q4_medical:downside/kindNonederived
/operating_model/cells/downside_2026q4_medical:downside/labelNoneMedical costs
/operating_model/cells/downside_2026q4_medical:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_medical:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_medical:downside/valueNone4370.0
/operating_model/cells/downside_2026q4_medical_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_medical_realization:downside/caseNonedownside
/operating_model/cells/downside_2026q4_medical_realization:downside/idNonedownside_2026q4_medical_realization
/operating_model/cells/downside_2026q4_medical_realization:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_medical_realization:downside/labelNoneMedical cost per member versus reference
/operating_model/cells/downside_2026q4_medical_realization:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_medical_realization:downside/unitNoneratio
/operating_model/cells/downside_2026q4_medical_realization:downside/valueNone1.3226514533214868
/operating_model/cells/downside_2026q4_member_index:downside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/downside_2026q4_member_index:downside/caseNonedownside
/operating_model/cells/downside_2026q4_member_index:downside/formula/opNonedivide
/operating_model/cells/downside_2026q4_member_index:downside/formula/refs/0Nonedownside_2026q4_average_members
/operating_model/cells/downside_2026q4_member_index:downside/formula/refs/1Noneq2_members
/operating_model/cells/downside_2026q4_member_index:downside/idNonedownside_2026q4_member_index
/operating_model/cells/downside_2026q4_member_index:downside/kindNonederived
/operating_model/cells/downside_2026q4_member_index:downside/labelNoneAverage member activity / June reference
/operating_model/cells/downside_2026q4_member_index:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_member_index:downside/unitNoneratio
/operating_model/cells/downside_2026q4_member_index:downside/valueNone0.8707385280198934
/operating_model/cells/downside_2026q4_mlr:downside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/downside_2026q4_mlr:downside/caseNonedownside
/operating_model/cells/downside_2026q4_mlr:downside/formula/opNonedivide
/operating_model/cells/downside_2026q4_mlr:downside/formula/refs/0Nonedownside_2026q4_medical
/operating_model/cells/downside_2026q4_mlr:downside/formula/refs/1Nonedownside_2026q4_premium
/operating_model/cells/downside_2026q4_mlr:downside/idNonedownside_2026q4_mlr
/operating_model/cells/downside_2026q4_mlr:downside/kindNonederived
/operating_model/cells/downside_2026q4_mlr:downside/labelNoneImplied medical loss ratio
/operating_model/cells/downside_2026q4_mlr:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_mlr:downside/unitNoneratio
/operating_model/cells/downside_2026q4_mlr:downside/valueNone1.0492196878751499
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/basisNoneNo separate reserve-income addback.
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/formula/refs/0Nonedownside_2026q4_operating_income
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/formula/refs/1Nonedownside_2026q4_sbc
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/formula/refs/2Nonedownside_2026q4_da
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/formula/refs/3Nonedownside_2026q4_premium_credit_loss
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/idNonedownside_2026q4_operating_cash_bridge
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/kindNonederived
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_operating_cash_bridge:downside/valueNone-879.9999999999991
/operating_model/cells/downside_2026q4_operating_cost:downside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/downside_2026q4_operating_cost:downside/caseNonedownside
/operating_model/cells/downside_2026q4_operating_cost:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_operating_cost:downside/formula/refs/0Nonedownside_2026q4_medical
/operating_model/cells/downside_2026q4_operating_cost:downside/formula/refs/1Nonedownside_2026q4_sga
/operating_model/cells/downside_2026q4_operating_cost:downside/formula/refs/2Nonedownside_2026q4_da
/operating_model/cells/downside_2026q4_operating_cost:downside/idNonedownside_2026q4_operating_cost
/operating_model/cells/downside_2026q4_operating_cost:downside/kindNonederived
/operating_model/cells/downside_2026q4_operating_cost:downside/labelNoneMedical SG&A and D&A
/operating_model/cells/downside_2026q4_operating_cost:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_operating_cost:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_operating_cost:downside/valueNone5202.0
/operating_model/cells/downside_2026q4_operating_income:downside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/downside_2026q4_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2026q4_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/0Nonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/1Nonedownside_2026q4_operating_cost
/operating_model/cells/downside_2026q4_operating_income:downside/idNonedownside_2026q4_operating_income
/operating_model/cells/downside_2026q4_operating_income:downside/kindNonederived
/operating_model/cells/downside_2026q4_operating_income:downside/labelNoneEarnings from operations
/operating_model/cells/downside_2026q4_operating_income:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_operating_income:downside/valueNone-930.9999999999991
/operating_model/cells/downside_2026q4_other_operating_cash:downside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/downside_2026q4_other_operating_cash:downside/caseNonedownside
/operating_model/cells/downside_2026q4_other_operating_cash:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_other_operating_cash:downside/formula/refs/0Nonedownside_2026q4_cash_interest
/operating_model/cells/downside_2026q4_other_operating_cash:downside/formula/refs/1Nonedownside_2026q4_cash_tax
/operating_model/cells/downside_2026q4_other_operating_cash:downside/formula/refs/2Nonedownside_2026q4_other_working_capital
/operating_model/cells/downside_2026q4_other_operating_cash:downside/idNonedownside_2026q4_other_operating_cash
/operating_model/cells/downside_2026q4_other_operating_cash:downside/kindNonederived
/operating_model/cells/downside_2026q4_other_operating_cash:downside/labelNoneInterest tax and other working capital uses
/operating_model/cells/downside_2026q4_other_operating_cash:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_other_operating_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_other_operating_cash:downside/valueNone83.7
/operating_model/cells/downside_2026q4_other_revenue:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_other_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q4_other_revenue:downside/idNonedownside_2026q4_other_revenue
/operating_model/cells/downside_2026q4_other_revenue:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_other_revenue:downside/labelNoneOther revenue
/operating_model/cells/downside_2026q4_other_revenue:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_other_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_other_revenue:downside/valueNone6.0
/operating_model/cells/downside_2026q4_other_working_capital:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_other_working_capital:downside/caseNonedownside
/operating_model/cells/downside_2026q4_other_working_capital:downside/idNonedownside_2026q4_other_working_capital
/operating_model/cells/downside_2026q4_other_working_capital:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_other_working_capital:downside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/downside_2026q4_other_working_capital:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_other_working_capital:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_other_working_capital:downside/valueNone70.0
/operating_model/cells/downside_2026q4_premium:downside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/downside_2026q4_premium:downside/caseNonedownside
/operating_model/cells/downside_2026q4_premium:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_premium:downside/formula/refs/0Nonedownside_2026q4_direct_premiums
/operating_model/cells/downside_2026q4_premium:downside/formula/refs/1Nonedownside_2026q4_premium_deductions
/operating_model/cells/downside_2026q4_premium:downside/idNonedownside_2026q4_premium
/operating_model/cells/downside_2026q4_premium:downside/kindNonederived
/operating_model/cells/downside_2026q4_premium:downside/labelNoneNet recognized premiums
/operating_model/cells/downside_2026q4_premium:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_premium:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_premium:downside/valueNone4165.000000000001
/operating_model/cells/downside_2026q4_premium_credit_loss:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_premium_credit_loss:downside/caseNonedownside
/operating_model/cells/downside_2026q4_premium_credit_loss:downside/idNonedownside_2026q4_premium_credit_loss
/operating_model/cells/downside_2026q4_premium_credit_loss:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_premium_credit_loss:downside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/downside_2026q4_premium_credit_loss:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_premium_credit_loss:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_premium_credit_loss:downside/valueNone22.0
/operating_model/cells/downside_2026q4_premium_deductions:downside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/downside_2026q4_premium_deductions:downside/caseNonedownside
/operating_model/cells/downside_2026q4_premium_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_premium_deductions:downside/formula/refs/0Nonedownside_2026q4_risk_transfer
/operating_model/cells/downside_2026q4_premium_deductions:downside/formula/refs/1Nonedownside_2026q4_ceded_other
/operating_model/cells/downside_2026q4_premium_deductions:downside/idNonedownside_2026q4_premium_deductions
/operating_model/cells/downside_2026q4_premium_deductions:downside/kindNonederived
/operating_model/cells/downside_2026q4_premium_deductions:downside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/downside_2026q4_premium_deductions:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_premium_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_premium_deductions:downside/valueNone1135.0
/operating_model/cells/downside_2026q4_premium_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_premium_realization:downside/caseNonedownside
/operating_model/cells/downside_2026q4_premium_realization:downside/idNonedownside_2026q4_premium_realization
/operating_model/cells/downside_2026q4_premium_realization:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_premium_realization:downside/labelNonePremium realization versus reference
/operating_model/cells/downside_2026q4_premium_realization:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_premium_realization:downside/unitNoneratio
/operating_model/cells/downside_2026q4_premium_realization:downside/valueNone1.0741763617278355
/operating_model/cells/downside_2026q4_revenue:downside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/downside_2026q4_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q4_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/0Nonedownside_2026q4_premium
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/1Nonedownside_2026q4_investment_income
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/2Nonedownside_2026q4_other_revenue
/operating_model/cells/downside_2026q4_revenue:downside/idNonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q4_revenue:downside/labelNoneTotal revenue
/operating_model/cells/downside_2026q4_revenue:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_revenue:downside/valueNone4271.000000000001
/operating_model/cells/downside_2026q4_risk_transfer:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_risk_transfer:downside/caseNonedownside
/operating_model/cells/downside_2026q4_risk_transfer:downside/idNonedownside_2026q4_risk_transfer
/operating_model/cells/downside_2026q4_risk_transfer:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_risk_transfer:downside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/downside_2026q4_risk_transfer:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_risk_transfer:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_risk_transfer:downside/valueNone1130.0
/operating_model/cells/downside_2026q4_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_sbc:downside/caseNonedownside
/operating_model/cells/downside_2026q4_sbc:downside/idNonedownside_2026q4_sbc
/operating_model/cells/downside_2026q4_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_sbc:downside/labelNoneSBC cash-flow addback
/operating_model/cells/downside_2026q4_sbc:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_sbc:downside/valueNone22.0
/operating_model/cells/downside_2026q4_sga:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_sga:downside/caseNonedownside
/operating_model/cells/downside_2026q4_sga:downside/idNonedownside_2026q4_sga
/operating_model/cells/downside_2026q4_sga:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_sga:downside/labelNoneSG&A expense
/operating_model/cells/downside_2026q4_sga:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_sga:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_sga:downside/valueNone825.0
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/caseNonedownside
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/formula/refs/0Nonedownside_2026q4_timing_neutral_cfo
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/formula/refs/1Nonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/idNonedownside_2026q4_timing_neutral_cash
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/kindNonederived
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/labelNoneCash excluding specified float and capex
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_timing_neutral_cash:downside/valueNone-976.6999999999991
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/formula/refs/0Nonedownside_2026q4_operating_cash_bridge
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/formula/refs/1Nonedownside_2026q4_other_operating_cash
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/idNonedownside_2026q4_timing_neutral_cfo
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/labelNoneCFO before specified float movements
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_timing_neutral_cfo:downside/valueNone-963.6999999999991
/operating_model/cells/downside_2027q1_average_members:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_average_members:downside/caseNonedownside
/operating_model/cells/downside_2027q1_average_members:downside/idNonedownside_2027q1_average_members
/operating_model/cells/downside_2027q1_average_members:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_average_members:downside/labelNoneAverage member activity
/operating_model/cells/downside_2027q1_average_members:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_average_members:downside/unitNoneratio
/operating_model/cells/downside_2027q1_average_members:downside/valueNone2750000.0
/operating_model/cells/downside_2027q1_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_capex:downside/idNonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_capex:downside/labelNoneCash PP&E and software
/operating_model/cells/downside_2027q1_capex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_capex:downside/valueNone14.0
/operating_model/cells/downside_2027q1_cash_after_capex:downside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/downside_2027q1_cash_after_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_after_capex:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_cash_after_capex:downside/formula/refs/0Nonedownside_2027q1_cfo
/operating_model/cells/downside_2027q1_cash_after_capex:downside/formula/refs/1Nonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_cash_after_capex:downside/idNonedownside_2027q1_cash_after_capex
/operating_model/cells/downside_2027q1_cash_after_capex:downside/kindNonederived
/operating_model/cells/downside_2027q1_cash_after_capex:downside/labelNoneCFO less cash capex
/operating_model/cells/downside_2027q1_cash_after_capex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_after_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_after_capex:downside/valueNone879.3
/operating_model/cells/downside_2027q1_cash_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_interest:downside/idNonedownside_2027q1_cash_interest
/operating_model/cells/downside_2027q1_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cash_interest:downside/labelNoneCorporate cash interest
/operating_model/cells/downside_2027q1_cash_interest:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_interest:downside/valueNone3.7
/operating_model/cells/downside_2027q1_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_tax:downside/idNonedownside_2027q1_cash_tax
/operating_model/cells/downside_2027q1_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2027q1_cash_tax:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_tax:downside/valueNone12.0
/operating_model/cells/downside_2027q1_ceded_other:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_ceded_other:downside/caseNonedownside
/operating_model/cells/downside_2027q1_ceded_other:downside/idNonedownside_2027q1_ceded_other
/operating_model/cells/downside_2027q1_ceded_other:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_ceded_other:downside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/downside_2027q1_ceded_other:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_ceded_other:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_ceded_other:downside/valueNone5.0
/operating_model/cells/downside_2027q1_cfo:downside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/downside_2027q1_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/0Nonedownside_2027q1_timing_neutral_cfo
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/1Nonedownside_2027q1_cms_flow
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/2Nonedownside_2027q1_claims_float
/operating_model/cells/downside_2027q1_cfo:downside/idNonedownside_2027q1_cfo
/operating_model/cells/downside_2027q1_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q1_cfo:downside/labelNoneConsolidated operating cash flow
/operating_model/cells/downside_2027q1_cfo:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cfo:downside/valueNone893.3
/operating_model/cells/downside_2027q1_claims_float:downside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/downside_2027q1_claims_float:downside/caseNonedownside
/operating_model/cells/downside_2027q1_claims_float:downside/idNonedownside_2027q1_claims_float
/operating_model/cells/downside_2027q1_claims_float:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_claims_float:downside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/downside_2027q1_claims_float:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_claims_float:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_claims_float:downside/valueNone150.0
/operating_model/cells/downside_2027q1_cms_flow:downside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/downside_2027q1_cms_flow:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cms_flow:downside/idNonedownside_2027q1_cms_flow
/operating_model/cells/downside_2027q1_cms_flow:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cms_flow:downside/labelNoneNet CMS cash-timing change
/operating_model/cells/downside_2027q1_cms_flow:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cms_flow:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cms_flow:downside/valueNone1100.0
/operating_model/cells/downside_2027q1_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_da:downside/caseNonedownside
/operating_model/cells/downside_2027q1_da:downside/idNonedownside_2027q1_da
/operating_model/cells/downside_2027q1_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_da:downside/labelNoneOperating depreciation and amortization
/operating_model/cells/downside_2027q1_da:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_da:downside/valueNone7.5
/operating_model/cells/downside_2027q1_direct_premiums:downside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/downside_2027q1_direct_premiums:downside/caseNonedownside
/operating_model/cells/downside_2027q1_direct_premiums:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_direct_premiums:downside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/downside_2027q1_direct_premiums:downside/formula/refs/1Nonedownside_2027q1_member_index
/operating_model/cells/downside_2027q1_direct_premiums:downside/formula/refs/2Nonedownside_2027q1_premium_realization
/operating_model/cells/downside_2027q1_direct_premiums:downside/idNonedownside_2027q1_direct_premiums
/operating_model/cells/downside_2027q1_direct_premiums:downside/kindNonederived
/operating_model/cells/downside_2027q1_direct_premiums:downside/labelNoneDirect policy premiums
/operating_model/cells/downside_2027q1_direct_premiums:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_direct_premiums:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_direct_premiums:downside/valueNone5850.0
/operating_model/cells/downside_2027q1_investment_income:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_investment_income:downside/caseNonedownside
/operating_model/cells/downside_2027q1_investment_income:downside/idNonedownside_2027q1_investment_income
/operating_model/cells/downside_2027q1_investment_income:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_investment_income:downside/labelNoneInvestment income
/operating_model/cells/downside_2027q1_investment_income:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_investment_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_investment_income:downside/valueNone104.0
/operating_model/cells/downside_2027q1_medical:downside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/downside_2027q1_medical:downside/caseNonedownside
/operating_model/cells/downside_2027q1_medical:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_medical:downside/formula/refs/0Noneq2_medical
/operating_model/cells/downside_2027q1_medical:downside/formula/refs/1Nonedownside_2027q1_member_index
/operating_model/cells/downside_2027q1_medical:downside/formula/refs/2Nonedownside_2027q1_medical_realization
/operating_model/cells/downside_2027q1_medical:downside/idNonedownside_2027q1_medical
/operating_model/cells/downside_2027q1_medical:downside/kindNonederived
/operating_model/cells/downside_2027q1_medical:downside/labelNoneMedical costs
/operating_model/cells/downside_2027q1_medical:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_medical:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_medical:downside/valueNone4260.0
/operating_model/cells/downside_2027q1_medical_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_medical_realization:downside/caseNonedownside
/operating_model/cells/downside_2027q1_medical_realization:downside/idNonedownside_2027q1_medical_realization
/operating_model/cells/downside_2027q1_medical_realization:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_medical_realization:downside/labelNoneMedical cost per member versus reference
/operating_model/cells/downside_2027q1_medical_realization:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_medical_realization:downside/unitNoneratio
/operating_model/cells/downside_2027q1_medical_realization:downside/valueNone1.2096523896955107
/operating_model/cells/downside_2027q1_member_index:downside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/downside_2027q1_member_index:downside/caseNonedownside
/operating_model/cells/downside_2027q1_member_index:downside/formula/opNonedivide
/operating_model/cells/downside_2027q1_member_index:downside/formula/refs/0Nonedownside_2027q1_average_members
/operating_model/cells/downside_2027q1_member_index:downside/formula/refs/1Noneq2_members
/operating_model/cells/downside_2027q1_member_index:downside/idNonedownside_2027q1_member_index
/operating_model/cells/downside_2027q1_member_index:downside/kindNonederived
/operating_model/cells/downside_2027q1_member_index:downside/labelNoneAverage member activity / June reference
/operating_model/cells/downside_2027q1_member_index:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_member_index:downside/unitNoneratio
/operating_model/cells/downside_2027q1_member_index:downside/valueNone0.9281127721142274
/operating_model/cells/downside_2027q1_mlr:downside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/downside_2027q1_mlr:downside/caseNonedownside
/operating_model/cells/downside_2027q1_mlr:downside/formula/opNonedivide
/operating_model/cells/downside_2027q1_mlr:downside/formula/refs/0Nonedownside_2027q1_medical
/operating_model/cells/downside_2027q1_mlr:downside/formula/refs/1Nonedownside_2027q1_premium
/operating_model/cells/downside_2027q1_mlr:downside/idNonedownside_2027q1_mlr
/operating_model/cells/downside_2027q1_mlr:downside/kindNonederived
/operating_model/cells/downside_2027q1_mlr:downside/labelNoneImplied medical loss ratio
/operating_model/cells/downside_2027q1_mlr:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_mlr:downside/unitNoneratio
/operating_model/cells/downside_2027q1_mlr:downside/valueNone0.9131832797427653
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/basisNoneNo separate reserve-income addback.
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/formula/refs/0Nonedownside_2027q1_operating_income
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/formula/refs/1Nonedownside_2027q1_sbc
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/formula/refs/2Nonedownside_2027q1_da
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/formula/refs/3Nonedownside_2027q1_premium_credit_loss
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/idNonedownside_2027q1_operating_cash_bridge
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/kindNonederived
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_operating_cash_bridge:downside/valueNone-266.0
/operating_model/cells/downside_2027q1_operating_cost:downside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/downside_2027q1_operating_cost:downside/caseNonedownside
/operating_model/cells/downside_2027q1_operating_cost:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_operating_cost:downside/formula/refs/0Nonedownside_2027q1_medical
/operating_model/cells/downside_2027q1_operating_cost:downside/formula/refs/1Nonedownside_2027q1_sga
/operating_model/cells/downside_2027q1_operating_cost:downside/formula/refs/2Nonedownside_2027q1_da
/operating_model/cells/downside_2027q1_operating_cost:downside/idNonedownside_2027q1_operating_cost
/operating_model/cells/downside_2027q1_operating_cost:downside/kindNonederived
/operating_model/cells/downside_2027q1_operating_cost:downside/labelNoneMedical SG&A and D&A
/operating_model/cells/downside_2027q1_operating_cost:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_operating_cost:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_operating_cost:downside/valueNone5097.5
/operating_model/cells/downside_2027q1_operating_income:downside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/downside_2027q1_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q1_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/1Nonedownside_2027q1_operating_cost
/operating_model/cells/downside_2027q1_operating_income:downside/idNonedownside_2027q1_operating_income
/operating_model/cells/downside_2027q1_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q1_operating_income:downside/labelNoneEarnings from operations
/operating_model/cells/downside_2027q1_operating_income:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_operating_income:downside/valueNone-321.5
/operating_model/cells/downside_2027q1_other_operating_cash:downside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/downside_2027q1_other_operating_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q1_other_operating_cash:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_other_operating_cash:downside/formula/refs/0Nonedownside_2027q1_cash_interest
/operating_model/cells/downside_2027q1_other_operating_cash:downside/formula/refs/1Nonedownside_2027q1_cash_tax
/operating_model/cells/downside_2027q1_other_operating_cash:downside/formula/refs/2Nonedownside_2027q1_other_working_capital
/operating_model/cells/downside_2027q1_other_operating_cash:downside/idNonedownside_2027q1_other_operating_cash
/operating_model/cells/downside_2027q1_other_operating_cash:downside/kindNonederived
/operating_model/cells/downside_2027q1_other_operating_cash:downside/labelNoneInterest tax and other working capital uses
/operating_model/cells/downside_2027q1_other_operating_cash:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_other_operating_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_other_operating_cash:downside/valueNone90.7
/operating_model/cells/downside_2027q1_other_revenue:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_other_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q1_other_revenue:downside/idNonedownside_2027q1_other_revenue
/operating_model/cells/downside_2027q1_other_revenue:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_other_revenue:downside/labelNoneOther revenue
/operating_model/cells/downside_2027q1_other_revenue:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_other_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_other_revenue:downside/valueNone7.0
/operating_model/cells/downside_2027q1_other_working_capital:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_other_working_capital:downside/caseNonedownside
/operating_model/cells/downside_2027q1_other_working_capital:downside/idNonedownside_2027q1_other_working_capital
/operating_model/cells/downside_2027q1_other_working_capital:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_other_working_capital:downside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/downside_2027q1_other_working_capital:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_other_working_capital:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_other_working_capital:downside/valueNone75.0
/operating_model/cells/downside_2027q1_premium:downside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/downside_2027q1_premium:downside/caseNonedownside
/operating_model/cells/downside_2027q1_premium:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_premium:downside/formula/refs/0Nonedownside_2027q1_direct_premiums
/operating_model/cells/downside_2027q1_premium:downside/formula/refs/1Nonedownside_2027q1_premium_deductions
/operating_model/cells/downside_2027q1_premium:downside/idNonedownside_2027q1_premium
/operating_model/cells/downside_2027q1_premium:downside/kindNonederived
/operating_model/cells/downside_2027q1_premium:downside/labelNoneNet recognized premiums
/operating_model/cells/downside_2027q1_premium:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_premium:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_premium:downside/valueNone4665.0
/operating_model/cells/downside_2027q1_premium_credit_loss:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_premium_credit_loss:downside/caseNonedownside
/operating_model/cells/downside_2027q1_premium_credit_loss:downside/idNonedownside_2027q1_premium_credit_loss
/operating_model/cells/downside_2027q1_premium_credit_loss:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_premium_credit_loss:downside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/downside_2027q1_premium_credit_loss:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_premium_credit_loss:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_premium_credit_loss:downside/valueNone24.0
/operating_model/cells/downside_2027q1_premium_deductions:downside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/downside_2027q1_premium_deductions:downside/caseNonedownside
/operating_model/cells/downside_2027q1_premium_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_premium_deductions:downside/formula/refs/0Nonedownside_2027q1_risk_transfer
/operating_model/cells/downside_2027q1_premium_deductions:downside/formula/refs/1Nonedownside_2027q1_ceded_other
/operating_model/cells/downside_2027q1_premium_deductions:downside/idNonedownside_2027q1_premium_deductions
/operating_model/cells/downside_2027q1_premium_deductions:downside/kindNonederived
/operating_model/cells/downside_2027q1_premium_deductions:downside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/downside_2027q1_premium_deductions:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_premium_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_premium_deductions:downside/valueNone1185.0
/operating_model/cells/downside_2027q1_premium_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_premium_realization:downside/caseNonedownside
/operating_model/cells/downside_2027q1_premium_realization:downside/idNonedownside_2027q1_premium_realization
/operating_model/cells/downside_2027q1_premium_realization:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_premium_realization:downside/labelNonePremium realization versus reference
/operating_model/cells/downside_2027q1_premium_realization:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_premium_realization:downside/unitNoneratio
/operating_model/cells/downside_2027q1_premium_realization:downside/valueNone1.1123529212732912
/operating_model/cells/downside_2027q1_revenue:downside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/downside_2027q1_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q1_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/0Nonedownside_2027q1_premium
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/1Nonedownside_2027q1_investment_income
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/2Nonedownside_2027q1_other_revenue
/operating_model/cells/downside_2027q1_revenue:downside/idNonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q1_revenue:downside/labelNoneTotal revenue
/operating_model/cells/downside_2027q1_revenue:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_revenue:downside/valueNone4776.0
/operating_model/cells/downside_2027q1_risk_transfer:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_risk_transfer:downside/caseNonedownside
/operating_model/cells/downside_2027q1_risk_transfer:downside/idNonedownside_2027q1_risk_transfer
/operating_model/cells/downside_2027q1_risk_transfer:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_risk_transfer:downside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/downside_2027q1_risk_transfer:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_risk_transfer:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_risk_transfer:downside/valueNone1180.0
/operating_model/cells/downside_2027q1_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q1_sbc:downside/idNonedownside_2027q1_sbc
/operating_model/cells/downside_2027q1_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_sbc:downside/labelNoneSBC cash-flow addback
/operating_model/cells/downside_2027q1_sbc:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_sbc:downside/valueNone24.0
/operating_model/cells/downside_2027q1_sga:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_sga:downside/caseNonedownside
/operating_model/cells/downside_2027q1_sga:downside/idNonedownside_2027q1_sga
/operating_model/cells/downside_2027q1_sga:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_sga:downside/labelNoneSG&A expense
/operating_model/cells/downside_2027q1_sga:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_sga:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_sga:downside/valueNone830.0
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/formula/refs/0Nonedownside_2027q1_timing_neutral_cfo
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/formula/refs/1Nonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/idNonedownside_2027q1_timing_neutral_cash
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/kindNonederived
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/labelNoneCash excluding specified float and capex
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_timing_neutral_cash:downside/valueNone-370.7
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/formula/refs/0Nonedownside_2027q1_operating_cash_bridge
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/formula/refs/1Nonedownside_2027q1_other_operating_cash
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/idNonedownside_2027q1_timing_neutral_cfo
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/labelNoneCFO before specified float movements
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_timing_neutral_cfo:downside/valueNone-356.7
/operating_model/cells/downside_2027q2_average_members:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_average_members:downside/caseNonedownside
/operating_model/cells/downside_2027q2_average_members:downside/idNonedownside_2027q2_average_members
/operating_model/cells/downside_2027q2_average_members:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_average_members:downside/labelNoneAverage member activity
/operating_model/cells/downside_2027q2_average_members:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_average_members:downside/unitNoneratio
/operating_model/cells/downside_2027q2_average_members:downside/valueNone2620000.0
/operating_model/cells/downside_2027q2_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_capex:downside/idNonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_capex:downside/labelNoneCash PP&E and software
/operating_model/cells/downside_2027q2_capex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_capex:downside/valueNone15.0
/operating_model/cells/downside_2027q2_cash_after_capex:downside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/downside_2027q2_cash_after_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_after_capex:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_cash_after_capex:downside/formula/refs/0Nonedownside_2027q2_cfo
/operating_model/cells/downside_2027q2_cash_after_capex:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_cash_after_capex:downside/idNonedownside_2027q2_cash_after_capex
/operating_model/cells/downside_2027q2_cash_after_capex:downside/kindNonederived
/operating_model/cells/downside_2027q2_cash_after_capex:downside/labelNoneCFO less cash capex
/operating_model/cells/downside_2027q2_cash_after_capex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_after_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_after_capex:downside/valueNone99.79999999999995
/operating_model/cells/downside_2027q2_cash_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_interest:downside/idNonedownside_2027q2_cash_interest
/operating_model/cells/downside_2027q2_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cash_interest:downside/labelNoneCorporate cash interest
/operating_model/cells/downside_2027q2_cash_interest:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_interest:downside/valueNone3.7
/operating_model/cells/downside_2027q2_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_tax:downside/idNonedownside_2027q2_cash_tax
/operating_model/cells/downside_2027q2_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2027q2_cash_tax:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_tax:downside/valueNone14.0
/operating_model/cells/downside_2027q2_ceded_other:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_ceded_other:downside/caseNonedownside
/operating_model/cells/downside_2027q2_ceded_other:downside/idNonedownside_2027q2_ceded_other
/operating_model/cells/downside_2027q2_ceded_other:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_ceded_other:downside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/downside_2027q2_ceded_other:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_ceded_other:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_ceded_other:downside/valueNone5.0
/operating_model/cells/downside_2027q2_cfo:downside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/downside_2027q2_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/0Nonedownside_2027q2_timing_neutral_cfo
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/1Nonedownside_2027q2_cms_flow
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/2Nonedownside_2027q2_claims_float
/operating_model/cells/downside_2027q2_cfo:downside/idNonedownside_2027q2_cfo
/operating_model/cells/downside_2027q2_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q2_cfo:downside/labelNoneConsolidated operating cash flow
/operating_model/cells/downside_2027q2_cfo:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cfo:downside/valueNone114.79999999999995
/operating_model/cells/downside_2027q2_claims_float:downside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/downside_2027q2_claims_float:downside/caseNonedownside
/operating_model/cells/downside_2027q2_claims_float:downside/idNonedownside_2027q2_claims_float
/operating_model/cells/downside_2027q2_claims_float:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_claims_float:downside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/downside_2027q2_claims_float:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_claims_float:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_claims_float:downside/valueNone165.0
/operating_model/cells/downside_2027q2_cms_flow:downside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/downside_2027q2_cms_flow:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cms_flow:downside/idNonedownside_2027q2_cms_flow
/operating_model/cells/downside_2027q2_cms_flow:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cms_flow:downside/labelNoneNet CMS cash-timing change
/operating_model/cells/downside_2027q2_cms_flow:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cms_flow:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cms_flow:downside/valueNone800.0
/operating_model/cells/downside_2027q2_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_da:downside/caseNonedownside
/operating_model/cells/downside_2027q2_da:downside/idNonedownside_2027q2_da
/operating_model/cells/downside_2027q2_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_da:downside/labelNoneOperating depreciation and amortization
/operating_model/cells/downside_2027q2_da:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_da:downside/valueNone8.0
/operating_model/cells/downside_2027q2_direct_premiums:downside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/downside_2027q2_direct_premiums:downside/caseNonedownside
/operating_model/cells/downside_2027q2_direct_premiums:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_direct_premiums:downside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/downside_2027q2_direct_premiums:downside/formula/refs/1Nonedownside_2027q2_member_index
/operating_model/cells/downside_2027q2_direct_premiums:downside/formula/refs/2Nonedownside_2027q2_premium_realization
/operating_model/cells/downside_2027q2_direct_premiums:downside/idNonedownside_2027q2_direct_premiums
/operating_model/cells/downside_2027q2_direct_premiums:downside/kindNonederived
/operating_model/cells/downside_2027q2_direct_premiums:downside/labelNoneDirect policy premiums
/operating_model/cells/downside_2027q2_direct_premiums:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_direct_premiums:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_direct_premiums:downside/valueNone5600.0
/operating_model/cells/downside_2027q2_investment_income:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_investment_income:downside/caseNonedownside
/operating_model/cells/downside_2027q2_investment_income:downside/idNonedownside_2027q2_investment_income
/operating_model/cells/downside_2027q2_investment_income:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_investment_income:downside/labelNoneInvestment income
/operating_model/cells/downside_2027q2_investment_income:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_investment_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_investment_income:downside/valueNone108.0
/operating_model/cells/downside_2027q2_medical:downside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/downside_2027q2_medical:downside/caseNonedownside
/operating_model/cells/downside_2027q2_medical:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_medical:downside/formula/refs/0Noneq2_medical
/operating_model/cells/downside_2027q2_medical:downside/formula/refs/1Nonedownside_2027q2_member_index
/operating_model/cells/downside_2027q2_medical:downside/formula/refs/2Nonedownside_2027q2_medical_realization
/operating_model/cells/downside_2027q2_medical:downside/idNonedownside_2027q2_medical
/operating_model/cells/downside_2027q2_medical:downside/kindNonederived
/operating_model/cells/downside_2027q2_medical:downside/labelNoneMedical costs
/operating_model/cells/downside_2027q2_medical:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_medical:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_medical:downside/valueNone4500.0
/operating_model/cells/downside_2027q2_medical_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_medical_realization:downside/caseNonedownside
/operating_model/cells/downside_2027q2_medical_realization:downside/idNonedownside_2027q2_medical_realization
/operating_model/cells/downside_2027q2_medical_realization:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_medical_realization:downside/labelNoneMedical cost per member versus reference
/operating_model/cells/downside_2027q2_medical_realization:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_medical_realization:downside/unitNoneratio
/operating_model/cells/downside_2027q2_medical_realization:downside/valueNone1.341204200487577
/operating_model/cells/downside_2027q2_member_index:downside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/downside_2027q2_member_index:downside/caseNonedownside
/operating_model/cells/downside_2027q2_member_index:downside/formula/opNonedivide
/operating_model/cells/downside_2027q2_member_index:downside/formula/refs/0Nonedownside_2027q2_average_members
/operating_model/cells/downside_2027q2_member_index:downside/formula/refs/1Noneq2_members
/operating_model/cells/downside_2027q2_member_index:downside/idNonedownside_2027q2_member_index
/operating_model/cells/downside_2027q2_member_index:downside/kindNonederived
/operating_model/cells/downside_2027q2_member_index:downside/labelNoneAverage member activity / June reference
/operating_model/cells/downside_2027q2_member_index:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_member_index:downside/unitNoneratio
/operating_model/cells/downside_2027q2_member_index:downside/valueNone0.8842383501597366
/operating_model/cells/downside_2027q2_mlr:downside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/downside_2027q2_mlr:downside/caseNonedownside
/operating_model/cells/downside_2027q2_mlr:downside/formula/opNonedivide
/operating_model/cells/downside_2027q2_mlr:downside/formula/refs/0Nonedownside_2027q2_medical
/operating_model/cells/downside_2027q2_mlr:downside/formula/refs/1Nonedownside_2027q2_premium
/operating_model/cells/downside_2027q2_mlr:downside/idNonedownside_2027q2_mlr
/operating_model/cells/downside_2027q2_mlr:downside/kindNonederived
/operating_model/cells/downside_2027q2_mlr:downside/labelNoneImplied medical loss ratio
/operating_model/cells/downside_2027q2_mlr:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_mlr:downside/unitNoneratio
/operating_model/cells/downside_2027q2_mlr:downside/valueNone1.023890784982935
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/basisNoneNo separate reserve-income addback.
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/formula/refs/0Nonedownside_2027q2_operating_income
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/formula/refs/1Nonedownside_2027q2_sbc
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/formula/refs/2Nonedownside_2027q2_da
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/formula/refs/3Nonedownside_2027q2_premium_credit_loss
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/idNonedownside_2027q2_operating_cash_bridge
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/kindNonederived
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_operating_cash_bridge:downside/valueNone-752.5
/operating_model/cells/downside_2027q2_operating_cost:downside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/downside_2027q2_operating_cost:downside/caseNonedownside
/operating_model/cells/downside_2027q2_operating_cost:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_operating_cost:downside/formula/refs/0Nonedownside_2027q2_medical
/operating_model/cells/downside_2027q2_operating_cost:downside/formula/refs/1Nonedownside_2027q2_sga
/operating_model/cells/downside_2027q2_operating_cost:downside/formula/refs/2Nonedownside_2027q2_da
/operating_model/cells/downside_2027q2_operating_cost:downside/idNonedownside_2027q2_operating_cost
/operating_model/cells/downside_2027q2_operating_cost:downside/kindNonederived
/operating_model/cells/downside_2027q2_operating_cost:downside/labelNoneMedical SG&A and D&A
/operating_model/cells/downside_2027q2_operating_cost:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_operating_cost:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_operating_cost:downside/valueNone5323.0
/operating_model/cells/downside_2027q2_operating_income:downside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/downside_2027q2_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q2_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/0Nonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/1Nonedownside_2027q2_operating_cost
/operating_model/cells/downside_2027q2_operating_income:downside/idNonedownside_2027q2_operating_income
/operating_model/cells/downside_2027q2_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q2_operating_income:downside/labelNoneEarnings from operations
/operating_model/cells/downside_2027q2_operating_income:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_operating_income:downside/valueNone-812.5
/operating_model/cells/downside_2027q2_other_operating_cash:downside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/downside_2027q2_other_operating_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q2_other_operating_cash:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_other_operating_cash:downside/formula/refs/0Nonedownside_2027q2_cash_interest
/operating_model/cells/downside_2027q2_other_operating_cash:downside/formula/refs/1Nonedownside_2027q2_cash_tax
/operating_model/cells/downside_2027q2_other_operating_cash:downside/formula/refs/2Nonedownside_2027q2_other_working_capital
/operating_model/cells/downside_2027q2_other_operating_cash:downside/idNonedownside_2027q2_other_operating_cash
/operating_model/cells/downside_2027q2_other_operating_cash:downside/kindNonederived
/operating_model/cells/downside_2027q2_other_operating_cash:downside/labelNoneInterest tax and other working capital uses
/operating_model/cells/downside_2027q2_other_operating_cash:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_other_operating_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_other_operating_cash:downside/valueNone97.7
/operating_model/cells/downside_2027q2_other_revenue:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_other_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q2_other_revenue:downside/idNonedownside_2027q2_other_revenue
/operating_model/cells/downside_2027q2_other_revenue:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_other_revenue:downside/labelNoneOther revenue
/operating_model/cells/downside_2027q2_other_revenue:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_other_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_other_revenue:downside/valueNone7.5
/operating_model/cells/downside_2027q2_other_working_capital:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_other_working_capital:downside/caseNonedownside
/operating_model/cells/downside_2027q2_other_working_capital:downside/idNonedownside_2027q2_other_working_capital
/operating_model/cells/downside_2027q2_other_working_capital:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_other_working_capital:downside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/downside_2027q2_other_working_capital:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_other_working_capital:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_other_working_capital:downside/valueNone80.0
/operating_model/cells/downside_2027q2_premium:downside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/downside_2027q2_premium:downside/caseNonedownside
/operating_model/cells/downside_2027q2_premium:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_premium:downside/formula/refs/0Nonedownside_2027q2_direct_premiums
/operating_model/cells/downside_2027q2_premium:downside/formula/refs/1Nonedownside_2027q2_premium_deductions
/operating_model/cells/downside_2027q2_premium:downside/idNonedownside_2027q2_premium
/operating_model/cells/downside_2027q2_premium:downside/kindNonederived
/operating_model/cells/downside_2027q2_premium:downside/labelNoneNet recognized premiums
/operating_model/cells/downside_2027q2_premium:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_premium:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_premium:downside/valueNone4395.0
/operating_model/cells/downside_2027q2_premium_credit_loss:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_premium_credit_loss:downside/caseNonedownside
/operating_model/cells/downside_2027q2_premium_credit_loss:downside/idNonedownside_2027q2_premium_credit_loss
/operating_model/cells/downside_2027q2_premium_credit_loss:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_premium_credit_loss:downside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/downside_2027q2_premium_credit_loss:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_premium_credit_loss:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_premium_credit_loss:downside/valueNone26.0
/operating_model/cells/downside_2027q2_premium_deductions:downside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/downside_2027q2_premium_deductions:downside/caseNonedownside
/operating_model/cells/downside_2027q2_premium_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_premium_deductions:downside/formula/refs/0Nonedownside_2027q2_risk_transfer
/operating_model/cells/downside_2027q2_premium_deductions:downside/formula/refs/1Nonedownside_2027q2_ceded_other
/operating_model/cells/downside_2027q2_premium_deductions:downside/idNonedownside_2027q2_premium_deductions
/operating_model/cells/downside_2027q2_premium_deductions:downside/kindNonederived
/operating_model/cells/downside_2027q2_premium_deductions:downside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/downside_2027q2_premium_deductions:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_premium_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_premium_deductions:downside/valueNone1205.0
/operating_model/cells/downside_2027q2_premium_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_premium_realization:downside/caseNonedownside
/operating_model/cells/downside_2027q2_premium_realization:downside/idNonedownside_2027q2_premium_realization
/operating_model/cells/downside_2027q2_premium_realization:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_premium_realization:downside/labelNonePremium realization versus reference
/operating_model/cells/downside_2027q2_premium_realization:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_premium_realization:downside/unitNoneratio
/operating_model/cells/downside_2027q2_premium_realization:downside/valueNone1.1176508767279107
/operating_model/cells/downside_2027q2_revenue:downside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/downside_2027q2_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q2_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/0Nonedownside_2027q2_premium
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/1Nonedownside_2027q2_investment_income
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/2Nonedownside_2027q2_other_revenue
/operating_model/cells/downside_2027q2_revenue:downside/idNonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q2_revenue:downside/labelNoneTotal revenue
/operating_model/cells/downside_2027q2_revenue:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_revenue:downside/valueNone4510.5
/operating_model/cells/downside_2027q2_risk_transfer:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_risk_transfer:downside/caseNonedownside
/operating_model/cells/downside_2027q2_risk_transfer:downside/idNonedownside_2027q2_risk_transfer
/operating_model/cells/downside_2027q2_risk_transfer:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_risk_transfer:downside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/downside_2027q2_risk_transfer:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_risk_transfer:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_risk_transfer:downside/valueNone1200.0
/operating_model/cells/downside_2027q2_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q2_sbc:downside/idNonedownside_2027q2_sbc
/operating_model/cells/downside_2027q2_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_sbc:downside/labelNoneSBC cash-flow addback
/operating_model/cells/downside_2027q2_sbc:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_sbc:downside/valueNone26.0
/operating_model/cells/downside_2027q2_sga:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_sga:downside/caseNonedownside
/operating_model/cells/downside_2027q2_sga:downside/idNonedownside_2027q2_sga
/operating_model/cells/downside_2027q2_sga:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_sga:downside/labelNoneSG&A expense
/operating_model/cells/downside_2027q2_sga:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_sga:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_sga:downside/valueNone815.0
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/formula/refs/0Nonedownside_2027q2_timing_neutral_cfo
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/idNonedownside_2027q2_timing_neutral_cash
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/kindNonederived
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/labelNoneCash excluding specified float and capex
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_timing_neutral_cash:downside/valueNone-865.2
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/formula/refs/0Nonedownside_2027q2_operating_cash_bridge
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/formula/refs/1Nonedownside_2027q2_other_operating_cash
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/idNonedownside_2027q2_timing_neutral_cfo
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/labelNoneCFO before specified float movements
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_timing_neutral_cfo:downside/valueNone-850.2
/operating_model/cells/downside_2027q3_average_members:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_average_members:downside/caseNonedownside
/operating_model/cells/downside_2027q3_average_members:downside/idNonedownside_2027q3_average_members
/operating_model/cells/downside_2027q3_average_members:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_average_members:downside/labelNoneAverage member activity
/operating_model/cells/downside_2027q3_average_members:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_average_members:downside/unitNoneratio
/operating_model/cells/downside_2027q3_average_members:downside/valueNone2500000.0
/operating_model/cells/downside_2027q3_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_capex:downside/idNonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_capex:downside/labelNoneCash PP&E and software
/operating_model/cells/downside_2027q3_capex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_capex:downside/valueNone16.0
/operating_model/cells/downside_2027q3_cash_after_capex:downside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/downside_2027q3_cash_after_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_after_capex:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_cash_after_capex:downside/formula/refs/0Nonedownside_2027q3_cfo
/operating_model/cells/downside_2027q3_cash_after_capex:downside/formula/refs/1Nonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_cash_after_capex:downside/idNonedownside_2027q3_cash_after_capex
/operating_model/cells/downside_2027q3_cash_after_capex:downside/kindNonederived
/operating_model/cells/downside_2027q3_cash_after_capex:downside/labelNoneCFO less cash capex
/operating_model/cells/downside_2027q3_cash_after_capex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_after_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_after_capex:downside/valueNone-4329.699999999999
/operating_model/cells/downside_2027q3_cash_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_interest:downside/idNonedownside_2027q3_cash_interest
/operating_model/cells/downside_2027q3_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cash_interest:downside/labelNoneCorporate cash interest
/operating_model/cells/downside_2027q3_cash_interest:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_interest:downside/valueNone3.7
/operating_model/cells/downside_2027q3_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_tax:downside/idNonedownside_2027q3_cash_tax
/operating_model/cells/downside_2027q3_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2027q3_cash_tax:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_tax:downside/valueNone16.0
/operating_model/cells/downside_2027q3_ceded_other:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_ceded_other:downside/caseNonedownside
/operating_model/cells/downside_2027q3_ceded_other:downside/idNonedownside_2027q3_ceded_other
/operating_model/cells/downside_2027q3_ceded_other:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_ceded_other:downside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/downside_2027q3_ceded_other:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_ceded_other:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_ceded_other:downside/valueNone5.0
/operating_model/cells/downside_2027q3_cfo:downside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/downside_2027q3_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/0Nonedownside_2027q3_timing_neutral_cfo
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/1Nonedownside_2027q3_cms_flow
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/2Nonedownside_2027q3_claims_float
/operating_model/cells/downside_2027q3_cfo:downside/idNonedownside_2027q3_cfo
/operating_model/cells/downside_2027q3_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q3_cfo:downside/labelNoneConsolidated operating cash flow
/operating_model/cells/downside_2027q3_cfo:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cfo:downside/valueNone-4313.699999999999
/operating_model/cells/downside_2027q3_claims_float:downside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/downside_2027q3_claims_float:downside/caseNonedownside
/operating_model/cells/downside_2027q3_claims_float:downside/idNonedownside_2027q3_claims_float
/operating_model/cells/downside_2027q3_claims_float:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_claims_float:downside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/downside_2027q3_claims_float:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_claims_float:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_claims_float:downside/valueNone180.0
/operating_model/cells/downside_2027q3_cms_flow:downside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/downside_2027q3_cms_flow:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cms_flow:downside/idNonedownside_2027q3_cms_flow
/operating_model/cells/downside_2027q3_cms_flow:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cms_flow:downside/labelNoneNet CMS cash-timing change
/operating_model/cells/downside_2027q3_cms_flow:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cms_flow:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cms_flow:downside/valueNone-3300.0
/operating_model/cells/downside_2027q3_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_da:downside/caseNonedownside
/operating_model/cells/downside_2027q3_da:downside/idNonedownside_2027q3_da
/operating_model/cells/downside_2027q3_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_da:downside/labelNoneOperating depreciation and amortization
/operating_model/cells/downside_2027q3_da:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_da:downside/valueNone8.5
/operating_model/cells/downside_2027q3_direct_premiums:downside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/downside_2027q3_direct_premiums:downside/caseNonedownside
/operating_model/cells/downside_2027q3_direct_premiums:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_direct_premiums:downside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/downside_2027q3_direct_premiums:downside/formula/refs/1Nonedownside_2027q3_member_index
/operating_model/cells/downside_2027q3_direct_premiums:downside/formula/refs/2Nonedownside_2027q3_premium_realization
/operating_model/cells/downside_2027q3_direct_premiums:downside/idNonedownside_2027q3_direct_premiums
/operating_model/cells/downside_2027q3_direct_premiums:downside/kindNonederived
/operating_model/cells/downside_2027q3_direct_premiums:downside/labelNoneDirect policy premiums
/operating_model/cells/downside_2027q3_direct_premiums:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_direct_premiums:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_direct_premiums:downside/valueNone5300.0
/operating_model/cells/downside_2027q3_investment_income:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_investment_income:downside/caseNonedownside
/operating_model/cells/downside_2027q3_investment_income:downside/idNonedownside_2027q3_investment_income
/operating_model/cells/downside_2027q3_investment_income:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_investment_income:downside/labelNoneInvestment income
/operating_model/cells/downside_2027q3_investment_income:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_investment_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_investment_income:downside/valueNone112.0
/operating_model/cells/downside_2027q3_medical:downside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/downside_2027q3_medical:downside/caseNonedownside
/operating_model/cells/downside_2027q3_medical:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_medical:downside/formula/refs/0Noneq2_medical
/operating_model/cells/downside_2027q3_medical:downside/formula/refs/1Nonedownside_2027q3_member_index
/operating_model/cells/downside_2027q3_medical:downside/formula/refs/2Nonedownside_2027q3_medical_realization
/operating_model/cells/downside_2027q3_medical:downside/idNonedownside_2027q3_medical
/operating_model/cells/downside_2027q3_medical:downside/kindNonederived
/operating_model/cells/downside_2027q3_medical:downside/labelNoneMedical costs
/operating_model/cells/downside_2027q3_medical:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_medical:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_medical:downside/valueNone4579.999999999999
/operating_model/cells/downside_2027q3_medical_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_medical_realization:downside/caseNonedownside
/operating_model/cells/downside_2027q3_medical_realization:downside/idNonedownside_2027q3_medical_realization
/operating_model/cells/downside_2027q3_medical_realization:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_medical_realization:downside/labelNoneMedical cost per member versus reference
/operating_model/cells/downside_2027q3_medical_realization:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_medical_realization:downside/unitNoneratio
/operating_model/cells/downside_2027q3_medical_realization:downside/valueNone1.4305701265929536
/operating_model/cells/downside_2027q3_member_index:downside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/downside_2027q3_member_index:downside/caseNonedownside
/operating_model/cells/downside_2027q3_member_index:downside/formula/opNonedivide
/operating_model/cells/downside_2027q3_member_index:downside/formula/refs/0Nonedownside_2027q3_average_members
/operating_model/cells/downside_2027q3_member_index:downside/formula/refs/1Noneq2_members
/operating_model/cells/downside_2027q3_member_index:downside/idNonedownside_2027q3_member_index
/operating_model/cells/downside_2027q3_member_index:downside/kindNonederived
/operating_model/cells/downside_2027q3_member_index:downside/labelNoneAverage member activity / June reference
/operating_model/cells/downside_2027q3_member_index:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_member_index:downside/unitNoneratio
/operating_model/cells/downside_2027q3_member_index:downside/valueNone0.8437388837402067
/operating_model/cells/downside_2027q3_mlr:downside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/downside_2027q3_mlr:downside/caseNonedownside
/operating_model/cells/downside_2027q3_mlr:downside/formula/opNonedivide
/operating_model/cells/downside_2027q3_mlr:downside/formula/refs/0Nonedownside_2027q3_medical
/operating_model/cells/downside_2027q3_mlr:downside/formula/refs/1Nonedownside_2027q3_premium
/operating_model/cells/downside_2027q3_mlr:downside/idNonedownside_2027q3_mlr
/operating_model/cells/downside_2027q3_mlr:downside/kindNonederived
/operating_model/cells/downside_2027q3_mlr:downside/labelNoneImplied medical loss ratio
/operating_model/cells/downside_2027q3_mlr:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_mlr:downside/unitNoneratio
/operating_model/cells/downside_2027q3_mlr:downside/valueNone1.1103030303030301
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/basisNoneNo separate reserve-income addback.
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/formula/refs/0Nonedownside_2027q3_operating_income
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/formula/refs/1Nonedownside_2027q3_sbc
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/formula/refs/2Nonedownside_2027q3_da
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/formula/refs/3Nonedownside_2027q3_premium_credit_loss
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/idNonedownside_2027q3_operating_cash_bridge
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/kindNonederived
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_operating_cash_bridge:downside/valueNone-1088.999999999999
/operating_model/cells/downside_2027q3_operating_cost:downside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/downside_2027q3_operating_cost:downside/caseNonedownside
/operating_model/cells/downside_2027q3_operating_cost:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_operating_cost:downside/formula/refs/0Nonedownside_2027q3_medical
/operating_model/cells/downside_2027q3_operating_cost:downside/formula/refs/1Nonedownside_2027q3_sga
/operating_model/cells/downside_2027q3_operating_cost:downside/formula/refs/2Nonedownside_2027q3_da
/operating_model/cells/downside_2027q3_operating_cost:downside/idNonedownside_2027q3_operating_cost
/operating_model/cells/downside_2027q3_operating_cost:downside/kindNonederived
/operating_model/cells/downside_2027q3_operating_cost:downside/labelNoneMedical SG&A and D&A
/operating_model/cells/downside_2027q3_operating_cost:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_operating_cost:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_operating_cost:downside/valueNone5398.499999999999
/operating_model/cells/downside_2027q3_operating_income:downside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/downside_2027q3_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q3_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/0Nonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/1Nonedownside_2027q3_operating_cost
/operating_model/cells/downside_2027q3_operating_income:downside/idNonedownside_2027q3_operating_income
/operating_model/cells/downside_2027q3_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q3_operating_income:downside/labelNoneEarnings from operations
/operating_model/cells/downside_2027q3_operating_income:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_operating_income:downside/valueNone-1153.499999999999
/operating_model/cells/downside_2027q3_other_operating_cash:downside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/downside_2027q3_other_operating_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q3_other_operating_cash:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_other_operating_cash:downside/formula/refs/0Nonedownside_2027q3_cash_interest
/operating_model/cells/downside_2027q3_other_operating_cash:downside/formula/refs/1Nonedownside_2027q3_cash_tax
/operating_model/cells/downside_2027q3_other_operating_cash:downside/formula/refs/2Nonedownside_2027q3_other_working_capital
/operating_model/cells/downside_2027q3_other_operating_cash:downside/idNonedownside_2027q3_other_operating_cash
/operating_model/cells/downside_2027q3_other_operating_cash:downside/kindNonederived
/operating_model/cells/downside_2027q3_other_operating_cash:downside/labelNoneInterest tax and other working capital uses
/operating_model/cells/downside_2027q3_other_operating_cash:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_other_operating_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_other_operating_cash:downside/valueNone104.7
/operating_model/cells/downside_2027q3_other_revenue:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_other_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q3_other_revenue:downside/idNonedownside_2027q3_other_revenue
/operating_model/cells/downside_2027q3_other_revenue:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_other_revenue:downside/labelNoneOther revenue
/operating_model/cells/downside_2027q3_other_revenue:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_other_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_other_revenue:downside/valueNone8.0
/operating_model/cells/downside_2027q3_other_working_capital:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_other_working_capital:downside/caseNonedownside
/operating_model/cells/downside_2027q3_other_working_capital:downside/idNonedownside_2027q3_other_working_capital
/operating_model/cells/downside_2027q3_other_working_capital:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_other_working_capital:downside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/downside_2027q3_other_working_capital:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_other_working_capital:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_other_working_capital:downside/valueNone85.0
/operating_model/cells/downside_2027q3_premium:downside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/downside_2027q3_premium:downside/caseNonedownside
/operating_model/cells/downside_2027q3_premium:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_premium:downside/formula/refs/0Nonedownside_2027q3_direct_premiums
/operating_model/cells/downside_2027q3_premium:downside/formula/refs/1Nonedownside_2027q3_premium_deductions
/operating_model/cells/downside_2027q3_premium:downside/idNonedownside_2027q3_premium
/operating_model/cells/downside_2027q3_premium:downside/kindNonederived
/operating_model/cells/downside_2027q3_premium:downside/labelNoneNet recognized premiums
/operating_model/cells/downside_2027q3_premium:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_premium:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_premium:downside/valueNone4125.0
/operating_model/cells/downside_2027q3_premium_credit_loss:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_premium_credit_loss:downside/caseNonedownside
/operating_model/cells/downside_2027q3_premium_credit_loss:downside/idNonedownside_2027q3_premium_credit_loss
/operating_model/cells/downside_2027q3_premium_credit_loss:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_premium_credit_loss:downside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/downside_2027q3_premium_credit_loss:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_premium_credit_loss:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_premium_credit_loss:downside/valueNone28.0
/operating_model/cells/downside_2027q3_premium_deductions:downside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/downside_2027q3_premium_deductions:downside/caseNonedownside
/operating_model/cells/downside_2027q3_premium_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_premium_deductions:downside/formula/refs/0Nonedownside_2027q3_risk_transfer
/operating_model/cells/downside_2027q3_premium_deductions:downside/formula/refs/1Nonedownside_2027q3_ceded_other
/operating_model/cells/downside_2027q3_premium_deductions:downside/idNonedownside_2027q3_premium_deductions
/operating_model/cells/downside_2027q3_premium_deductions:downside/kindNonederived
/operating_model/cells/downside_2027q3_premium_deductions:downside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/downside_2027q3_premium_deductions:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_premium_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_premium_deductions:downside/valueNone1175.0
/operating_model/cells/downside_2027q3_premium_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_premium_realization:downside/caseNonedownside
/operating_model/cells/downside_2027q3_premium_realization:downside/idNonedownside_2027q3_premium_realization
/operating_model/cells/downside_2027q3_premium_realization:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_premium_realization:downside/labelNonePremium realization versus reference
/operating_model/cells/downside_2027q3_premium_realization:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_premium_realization:downside/unitNoneratio
/operating_model/cells/downside_2027q3_premium_realization:downside/valueNone1.108550005303126
/operating_model/cells/downside_2027q3_revenue:downside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/downside_2027q3_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q3_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/0Nonedownside_2027q3_premium
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/1Nonedownside_2027q3_investment_income
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/2Nonedownside_2027q3_other_revenue
/operating_model/cells/downside_2027q3_revenue:downside/idNonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q3_revenue:downside/labelNoneTotal revenue
/operating_model/cells/downside_2027q3_revenue:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_revenue:downside/valueNone4245.0
/operating_model/cells/downside_2027q3_risk_transfer:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_risk_transfer:downside/caseNonedownside
/operating_model/cells/downside_2027q3_risk_transfer:downside/idNonedownside_2027q3_risk_transfer
/operating_model/cells/downside_2027q3_risk_transfer:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_risk_transfer:downside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/downside_2027q3_risk_transfer:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_risk_transfer:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_risk_transfer:downside/valueNone1170.0
/operating_model/cells/downside_2027q3_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q3_sbc:downside/idNonedownside_2027q3_sbc
/operating_model/cells/downside_2027q3_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_sbc:downside/labelNoneSBC cash-flow addback
/operating_model/cells/downside_2027q3_sbc:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_sbc:downside/valueNone28.0
/operating_model/cells/downside_2027q3_sga:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_sga:downside/caseNonedownside
/operating_model/cells/downside_2027q3_sga:downside/idNonedownside_2027q3_sga
/operating_model/cells/downside_2027q3_sga:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_sga:downside/labelNoneSG&A expense
/operating_model/cells/downside_2027q3_sga:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_sga:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_sga:downside/valueNone810.0
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/formula/refs/0Nonedownside_2027q3_timing_neutral_cfo
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/formula/refs/1Nonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/idNonedownside_2027q3_timing_neutral_cash
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/kindNonederived
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/labelNoneCash excluding specified float and capex
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_timing_neutral_cash:downside/valueNone-1209.6999999999991
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/formula/refs/0Nonedownside_2027q3_operating_cash_bridge
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/formula/refs/1Nonedownside_2027q3_other_operating_cash
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/idNonedownside_2027q3_timing_neutral_cfo
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/labelNoneCFO before specified float movements
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_timing_neutral_cfo:downside/valueNone-1193.6999999999991
/operating_model/cells/downside_2027q4_average_members:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_average_members:downside/caseNonedownside
/operating_model/cells/downside_2027q4_average_members:downside/idNonedownside_2027q4_average_members
/operating_model/cells/downside_2027q4_average_members:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_average_members:downside/labelNoneAverage member activity
/operating_model/cells/downside_2027q4_average_members:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_average_members:downside/unitNoneratio
/operating_model/cells/downside_2027q4_average_members:downside/valueNone2400000.0
/operating_model/cells/downside_2027q4_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_capex:downside/idNonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_capex:downside/labelNoneCash PP&E and software
/operating_model/cells/downside_2027q4_capex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_capex:downside/valueNone17.0
/operating_model/cells/downside_2027q4_cash_after_capex:downside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/downside_2027q4_cash_after_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_after_capex:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_cash_after_capex:downside/formula/refs/0Nonedownside_2027q4_cfo
/operating_model/cells/downside_2027q4_cash_after_capex:downside/formula/refs/1Nonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_cash_after_capex:downside/idNonedownside_2027q4_cash_after_capex
/operating_model/cells/downside_2027q4_cash_after_capex:downside/kindNonederived
/operating_model/cells/downside_2027q4_cash_after_capex:downside/labelNoneCFO less cash capex
/operating_model/cells/downside_2027q4_cash_after_capex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_after_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_after_capex:downside/valueNone-719.2000000000019
/operating_model/cells/downside_2027q4_cash_interest:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_interest:downside/idNonedownside_2027q4_cash_interest
/operating_model/cells/downside_2027q4_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cash_interest:downside/labelNoneCorporate cash interest
/operating_model/cells/downside_2027q4_cash_interest:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_interest:downside/valueNone3.7
/operating_model/cells/downside_2027q4_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_tax:downside/idNonedownside_2027q4_cash_tax
/operating_model/cells/downside_2027q4_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2027q4_cash_tax:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_tax:downside/valueNone18.0
/operating_model/cells/downside_2027q4_ceded_other:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_ceded_other:downside/caseNonedownside
/operating_model/cells/downside_2027q4_ceded_other:downside/idNonedownside_2027q4_ceded_other
/operating_model/cells/downside_2027q4_ceded_other:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_ceded_other:downside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/downside_2027q4_ceded_other:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_ceded_other:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_ceded_other:downside/valueNone5.0
/operating_model/cells/downside_2027q4_cfo:downside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/downside_2027q4_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cfo:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/0Nonedownside_2027q4_timing_neutral_cfo
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/1Nonedownside_2027q4_cms_flow
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/2Nonedownside_2027q4_claims_float
/operating_model/cells/downside_2027q4_cfo:downside/idNonedownside_2027q4_cfo
/operating_model/cells/downside_2027q4_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q4_cfo:downside/labelNoneConsolidated operating cash flow
/operating_model/cells/downside_2027q4_cfo:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cfo:downside/valueNone-702.2000000000019
/operating_model/cells/downside_2027q4_claims_float:downside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/downside_2027q4_claims_float:downside/caseNonedownside
/operating_model/cells/downside_2027q4_claims_float:downside/idNonedownside_2027q4_claims_float
/operating_model/cells/downside_2027q4_claims_float:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_claims_float:downside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/downside_2027q4_claims_float:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_claims_float:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_claims_float:downside/valueNone195.0
/operating_model/cells/downside_2027q4_cms_flow:downside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/downside_2027q4_cms_flow:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cms_flow:downside/idNonedownside_2027q4_cms_flow
/operating_model/cells/downside_2027q4_cms_flow:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cms_flow:downside/labelNoneNet CMS cash-timing change
/operating_model/cells/downside_2027q4_cms_flow:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cms_flow:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cms_flow:downside/valueNone600.0
/operating_model/cells/downside_2027q4_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_da:downside/caseNonedownside
/operating_model/cells/downside_2027q4_da:downside/idNonedownside_2027q4_da
/operating_model/cells/downside_2027q4_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_da:downside/labelNoneOperating depreciation and amortization
/operating_model/cells/downside_2027q4_da:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_da:downside/valueNone9.0
/operating_model/cells/downside_2027q4_direct_premiums:downside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/downside_2027q4_direct_premiums:downside/caseNonedownside
/operating_model/cells/downside_2027q4_direct_premiums:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_direct_premiums:downside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/downside_2027q4_direct_premiums:downside/formula/refs/1Nonedownside_2027q4_member_index
/operating_model/cells/downside_2027q4_direct_premiums:downside/formula/refs/2Nonedownside_2027q4_premium_realization
/operating_model/cells/downside_2027q4_direct_premiums:downside/idNonedownside_2027q4_direct_premiums
/operating_model/cells/downside_2027q4_direct_premiums:downside/kindNonederived
/operating_model/cells/downside_2027q4_direct_premiums:downside/labelNoneDirect policy premiums
/operating_model/cells/downside_2027q4_direct_premiums:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_direct_premiums:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_direct_premiums:downside/valueNone5199.999999999999
/operating_model/cells/downside_2027q4_investment_income:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_investment_income:downside/caseNonedownside
/operating_model/cells/downside_2027q4_investment_income:downside/idNonedownside_2027q4_investment_income
/operating_model/cells/downside_2027q4_investment_income:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_investment_income:downside/labelNoneInvestment income
/operating_model/cells/downside_2027q4_investment_income:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_investment_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_investment_income:downside/valueNone116.0
/operating_model/cells/downside_2027q4_medical:downside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/downside_2027q4_medical:downside/caseNonedownside
/operating_model/cells/downside_2027q4_medical:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_medical:downside/formula/refs/0Noneq2_medical
/operating_model/cells/downside_2027q4_medical:downside/formula/refs/1Nonedownside_2027q4_member_index
/operating_model/cells/downside_2027q4_medical:downside/formula/refs/2Nonedownside_2027q4_medical_realization
/operating_model/cells/downside_2027q4_medical:downside/idNonedownside_2027q4_medical
/operating_model/cells/downside_2027q4_medical:downside/kindNonederived
/operating_model/cells/downside_2027q4_medical:downside/labelNoneMedical costs
/operating_model/cells/downside_2027q4_medical:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_medical:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_medical:downside/valueNone4770.000000000001
/operating_model/cells/downside_2027q4_medical_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_medical_realization:downside/caseNonedownside
/operating_model/cells/downside_2027q4_medical_realization:downside/idNonedownside_2027q4_medical_realization
/operating_model/cells/downside_2027q4_medical_realization:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_medical_realization:downside/labelNoneMedical cost per member versus reference
/operating_model/cells/downside_2027q4_medical_realization:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_medical_realization:downside/unitNoneratio
/operating_model/cells/downside_2027q4_medical_realization:downside/valueNone1.5519967939975412
/operating_model/cells/downside_2027q4_member_index:downside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/downside_2027q4_member_index:downside/caseNonedownside
/operating_model/cells/downside_2027q4_member_index:downside/formula/opNonedivide
/operating_model/cells/downside_2027q4_member_index:downside/formula/refs/0Nonedownside_2027q4_average_members
/operating_model/cells/downside_2027q4_member_index:downside/formula/refs/1Noneq2_members
/operating_model/cells/downside_2027q4_member_index:downside/idNonedownside_2027q4_member_index
/operating_model/cells/downside_2027q4_member_index:downside/kindNonederived
/operating_model/cells/downside_2027q4_member_index:downside/labelNoneAverage member activity / June reference
/operating_model/cells/downside_2027q4_member_index:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_member_index:downside/unitNoneratio
/operating_model/cells/downside_2027q4_member_index:downside/valueNone0.8099893283905985
/operating_model/cells/downside_2027q4_mlr:downside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/downside_2027q4_mlr:downside/caseNonedownside
/operating_model/cells/downside_2027q4_mlr:downside/formula/opNonedivide
/operating_model/cells/downside_2027q4_mlr:downside/formula/refs/0Nonedownside_2027q4_medical
/operating_model/cells/downside_2027q4_mlr:downside/formula/refs/1Nonedownside_2027q4_premium
/operating_model/cells/downside_2027q4_mlr:downside/idNonedownside_2027q4_mlr
/operating_model/cells/downside_2027q4_mlr:downside/kindNonederived
/operating_model/cells/downside_2027q4_mlr:downside/labelNoneImplied medical loss ratio
/operating_model/cells/downside_2027q4_mlr:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_mlr:downside/unitNoneratio
/operating_model/cells/downside_2027q4_mlr:downside/valueNone1.1910112359550566
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/basisNoneNo separate reserve-income addback.
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/caseNonedownside
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/formula/refs/0Nonedownside_2027q4_operating_income
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/formula/refs/1Nonedownside_2027q4_sbc
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/formula/refs/2Nonedownside_2027q4_da
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/formula/refs/3Nonedownside_2027q4_premium_credit_loss
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/idNonedownside_2027q4_operating_cash_bridge
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/kindNonederived
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_operating_cash_bridge:downside/valueNone-1385.5000000000018
/operating_model/cells/downside_2027q4_operating_cost:downside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/downside_2027q4_operating_cost:downside/caseNonedownside
/operating_model/cells/downside_2027q4_operating_cost:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_operating_cost:downside/formula/refs/0Nonedownside_2027q4_medical
/operating_model/cells/downside_2027q4_operating_cost:downside/formula/refs/1Nonedownside_2027q4_sga
/operating_model/cells/downside_2027q4_operating_cost:downside/formula/refs/2Nonedownside_2027q4_da
/operating_model/cells/downside_2027q4_operating_cost:downside/idNonedownside_2027q4_operating_cost
/operating_model/cells/downside_2027q4_operating_cost:downside/kindNonederived
/operating_model/cells/downside_2027q4_operating_cost:downside/labelNoneMedical SG&A and D&A
/operating_model/cells/downside_2027q4_operating_cost:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_operating_cost:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_operating_cost:downside/valueNone5584.000000000001
/operating_model/cells/downside_2027q4_operating_income:downside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/downside_2027q4_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q4_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/0Nonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/1Nonedownside_2027q4_operating_cost
/operating_model/cells/downside_2027q4_operating_income:downside/idNonedownside_2027q4_operating_income
/operating_model/cells/downside_2027q4_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q4_operating_income:downside/labelNoneEarnings from operations
/operating_model/cells/downside_2027q4_operating_income:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_operating_income:downside/valueNone-1454.5000000000018
/operating_model/cells/downside_2027q4_other_operating_cash:downside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/downside_2027q4_other_operating_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q4_other_operating_cash:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_other_operating_cash:downside/formula/refs/0Nonedownside_2027q4_cash_interest
/operating_model/cells/downside_2027q4_other_operating_cash:downside/formula/refs/1Nonedownside_2027q4_cash_tax
/operating_model/cells/downside_2027q4_other_operating_cash:downside/formula/refs/2Nonedownside_2027q4_other_working_capital
/operating_model/cells/downside_2027q4_other_operating_cash:downside/idNonedownside_2027q4_other_operating_cash
/operating_model/cells/downside_2027q4_other_operating_cash:downside/kindNonederived
/operating_model/cells/downside_2027q4_other_operating_cash:downside/labelNoneInterest tax and other working capital uses
/operating_model/cells/downside_2027q4_other_operating_cash:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_other_operating_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_other_operating_cash:downside/valueNone111.7
/operating_model/cells/downside_2027q4_other_revenue:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_other_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q4_other_revenue:downside/idNonedownside_2027q4_other_revenue
/operating_model/cells/downside_2027q4_other_revenue:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_other_revenue:downside/labelNoneOther revenue
/operating_model/cells/downside_2027q4_other_revenue:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_other_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_other_revenue:downside/valueNone8.5
/operating_model/cells/downside_2027q4_other_working_capital:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_other_working_capital:downside/caseNonedownside
/operating_model/cells/downside_2027q4_other_working_capital:downside/idNonedownside_2027q4_other_working_capital
/operating_model/cells/downside_2027q4_other_working_capital:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_other_working_capital:downside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/downside_2027q4_other_working_capital:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_other_working_capital:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_other_working_capital:downside/valueNone90.0
/operating_model/cells/downside_2027q4_premium:downside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/downside_2027q4_premium:downside/caseNonedownside
/operating_model/cells/downside_2027q4_premium:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_premium:downside/formula/refs/0Nonedownside_2027q4_direct_premiums
/operating_model/cells/downside_2027q4_premium:downside/formula/refs/1Nonedownside_2027q4_premium_deductions
/operating_model/cells/downside_2027q4_premium:downside/idNonedownside_2027q4_premium
/operating_model/cells/downside_2027q4_premium:downside/kindNonederived
/operating_model/cells/downside_2027q4_premium:downside/labelNoneNet recognized premiums
/operating_model/cells/downside_2027q4_premium:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_premium:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_premium:downside/valueNone4004.999999999999
/operating_model/cells/downside_2027q4_premium_credit_loss:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_premium_credit_loss:downside/caseNonedownside
/operating_model/cells/downside_2027q4_premium_credit_loss:downside/idNonedownside_2027q4_premium_credit_loss
/operating_model/cells/downside_2027q4_premium_credit_loss:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_premium_credit_loss:downside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/downside_2027q4_premium_credit_loss:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_premium_credit_loss:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_premium_credit_loss:downside/valueNone30.0
/operating_model/cells/downside_2027q4_premium_deductions:downside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/downside_2027q4_premium_deductions:downside/caseNonedownside
/operating_model/cells/downside_2027q4_premium_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_premium_deductions:downside/formula/refs/0Nonedownside_2027q4_risk_transfer
/operating_model/cells/downside_2027q4_premium_deductions:downside/formula/refs/1Nonedownside_2027q4_ceded_other
/operating_model/cells/downside_2027q4_premium_deductions:downside/idNonedownside_2027q4_premium_deductions
/operating_model/cells/downside_2027q4_premium_deductions:downside/kindNonederived
/operating_model/cells/downside_2027q4_premium_deductions:downside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/downside_2027q4_premium_deductions:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_premium_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_premium_deductions:downside/valueNone1195.0
/operating_model/cells/downside_2027q4_premium_realization:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_premium_realization:downside/caseNonedownside
/operating_model/cells/downside_2027q4_premium_realization:downside/idNonedownside_2027q4_premium_realization
/operating_model/cells/downside_2027q4_premium_realization:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_premium_realization:downside/labelNonePremium realization versus reference
/operating_model/cells/downside_2027q4_premium_realization:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_premium_realization:downside/unitNoneratio
/operating_model/cells/downside_2027q4_premium_realization:downside/valueNone1.1329520494450187
/operating_model/cells/downside_2027q4_revenue:downside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/downside_2027q4_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q4_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/0Nonedownside_2027q4_premium
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/1Nonedownside_2027q4_investment_income
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/2Nonedownside_2027q4_other_revenue
/operating_model/cells/downside_2027q4_revenue:downside/idNonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q4_revenue:downside/labelNoneTotal revenue
/operating_model/cells/downside_2027q4_revenue:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_revenue:downside/valueNone4129.499999999999
/operating_model/cells/downside_2027q4_risk_transfer:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_risk_transfer:downside/caseNonedownside
/operating_model/cells/downside_2027q4_risk_transfer:downside/idNonedownside_2027q4_risk_transfer
/operating_model/cells/downside_2027q4_risk_transfer:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_risk_transfer:downside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/downside_2027q4_risk_transfer:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_risk_transfer:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_risk_transfer:downside/valueNone1190.0
/operating_model/cells/downside_2027q4_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q4_sbc:downside/idNonedownside_2027q4_sbc
/operating_model/cells/downside_2027q4_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_sbc:downside/labelNoneSBC cash-flow addback
/operating_model/cells/downside_2027q4_sbc:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_sbc:downside/valueNone30.0
/operating_model/cells/downside_2027q4_sga:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_sga:downside/caseNonedownside
/operating_model/cells/downside_2027q4_sga:downside/idNonedownside_2027q4_sga
/operating_model/cells/downside_2027q4_sga:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_sga:downside/labelNoneSG&A expense
/operating_model/cells/downside_2027q4_sga:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_sga:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_sga:downside/valueNone805.0
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/formula/refs/0Nonedownside_2027q4_timing_neutral_cfo
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/formula/refs/1Nonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/idNonedownside_2027q4_timing_neutral_cash
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/kindNonederived
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/labelNoneCash excluding specified float and capex
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_timing_neutral_cash:downside/valueNone-1514.2000000000019
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/formula/refs/0Nonedownside_2027q4_operating_cash_bridge
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/formula/refs/1Nonedownside_2027q4_other_operating_cash
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/idNonedownside_2027q4_timing_neutral_cfo
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/labelNoneCFO before specified float movements
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_timing_neutral_cfo:downside/valueNone-1497.2000000000019
/operating_model/cells/downside_fy2026_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2026_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/0Noneh1_capex
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/1Nonedownside_2026q3_capex
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/2Nonedownside_2026q4_capex
/operating_model/cells/downside_fy2026_capex:downside/idNonedownside_fy2026_capex
/operating_model/cells/downside_fy2026_capex:downside/kindNonederived
/operating_model/cells/downside_fy2026_capex:downside/labelNoneCash PP&E and software ($M)
/operating_model/cells/downside_fy2026_capex:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_capex:downside/valueNone45.556
/operating_model/cells/downside_fy2026_cash_after_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_cash_after_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2026_cash_after_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_cash_after_capex:downside/formula/refs/0Noneh1_cash_after_capex
/operating_model/cells/downside_fy2026_cash_after_capex:downside/formula/refs/1Nonedownside_2026q3_cash_after_capex
/operating_model/cells/downside_fy2026_cash_after_capex:downside/formula/refs/2Nonedownside_2026q4_cash_after_capex
/operating_model/cells/downside_fy2026_cash_after_capex:downside/idNonedownside_fy2026_cash_after_capex
/operating_model/cells/downside_fy2026_cash_after_capex:downside/kindNonederived
/operating_model/cells/downside_fy2026_cash_after_capex:downside/labelNoneCFO less cash capex ($M)
/operating_model/cells/downside_fy2026_cash_after_capex:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_cash_after_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_cash_after_capex:downside/valueNone1420.3690000000013
/operating_model/cells/downside_fy2026_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2026_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/0Noneh1_cfo
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/1Nonedownside_2026q3_cfo
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/2Nonedownside_2026q4_cfo
/operating_model/cells/downside_fy2026_cfo:downside/idNonedownside_fy2026_cfo
/operating_model/cells/downside_fy2026_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2026_cfo:downside/labelNoneConsolidated operating cash flow ($M)
/operating_model/cells/downside_fy2026_cfo:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_cfo:downside/valueNone1465.9250000000009
/operating_model/cells/downside_fy2026_claims_float:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_claims_float:downside/caseNonedownside
/operating_model/cells/downside_fy2026_claims_float:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_claims_float:downside/formula/refs/0Noneh1_claims_float
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/operating_model/cells/downside_fy2026_claims_float:downside/formula/refs/2Nonedownside_2026q4_claims_float
/operating_model/cells/downside_fy2026_claims_float:downside/idNonedownside_fy2026_claims_float
/operating_model/cells/downside_fy2026_claims_float:downside/kindNonederived
/operating_model/cells/downside_fy2026_claims_float:downside/labelNoneBenefits-payable cash-timing inflow ($M)
/operating_model/cells/downside_fy2026_claims_float:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_claims_float:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_claims_float:downside/valueNone828.05
/operating_model/cells/downside_fy2026_cms_flow:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_cms_flow:downside/caseNonedownside
/operating_model/cells/downside_fy2026_cms_flow:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_cms_flow:downside/formula/refs/0Noneh1_cms_flow
/operating_model/cells/downside_fy2026_cms_flow:downside/formula/refs/1Nonedownside_2026q3_cms_flow
/operating_model/cells/downside_fy2026_cms_flow:downside/formula/refs/2Nonedownside_2026q4_cms_flow
/operating_model/cells/downside_fy2026_cms_flow:downside/idNonedownside_fy2026_cms_flow
/operating_model/cells/downside_fy2026_cms_flow:downside/kindNonederived
/operating_model/cells/downside_fy2026_cms_flow:downside/labelNoneNet CMS cash-timing inflow ($M)
/operating_model/cells/downside_fy2026_cms_flow:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_cms_flow:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_cms_flow:downside/valueNone1120.473
/operating_model/cells/downside_fy2026_medical:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_medical:downside/caseNonedownside
/operating_model/cells/downside_fy2026_medical:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_medical:downside/formula/refs/0Noneh1_medical
/operating_model/cells/downside_fy2026_medical:downside/formula/refs/1Nonedownside_2026q3_medical
/operating_model/cells/downside_fy2026_medical:downside/formula/refs/2Nonedownside_2026q4_medical
/operating_model/cells/downside_fy2026_medical:downside/idNonedownside_fy2026_medical
/operating_model/cells/downside_fy2026_medical:downside/kindNonederived
/operating_model/cells/downside_fy2026_medical:downside/labelNoneMedical expense ($M)
/operating_model/cells/downside_fy2026_medical:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_medical:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_medical:downside/valueNone15594.302
/operating_model/cells/downside_fy2026_mlr:downside/basisNoneAnnual medical expense divided by annual net premiums, never a sum of quarterly ratios.
/operating_model/cells/downside_fy2026_mlr:downside/caseNonedownside
/operating_model/cells/downside_fy2026_mlr:downside/formula/opNonedivide
/operating_model/cells/downside_fy2026_mlr:downside/formula/refs/0Nonedownside_fy2026_medical
/operating_model/cells/downside_fy2026_mlr:downside/formula/refs/1Nonedownside_fy2026_premium
/operating_model/cells/downside_fy2026_mlr:downside/idNonedownside_fy2026_mlr
/operating_model/cells/downside_fy2026_mlr:downside/kindNonederived
/operating_model/cells/downside_fy2026_mlr:downside/labelNoneFY2026 medical loss ratio
/operating_model/cells/downside_fy2026_mlr:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_mlr:downside/unitNoneratio
/operating_model/cells/downside_fy2026_mlr:downside/valueNone0.8663408220122973
/operating_model/cells/downside_fy2026_operating_income:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_operating_income:downside/caseNonedownside
/operating_model/cells/downside_fy2026_operating_income:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/0Noneh1_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/1Nonedownside_2026q3_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/2Nonedownside_2026q4_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/idNonedownside_fy2026_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/kindNonederived
/operating_model/cells/downside_fy2026_operating_income:downside/labelNoneEarnings from operations ($M)
/operating_model/cells/downside_fy2026_operating_income:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_operating_income:downside/valueNone-275.27999999999906
/operating_model/cells/downside_fy2026_premium:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_premium:downside/caseNonedownside
/operating_model/cells/downside_fy2026_premium:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_premium:downside/formula/refs/0Noneh1_premium
/operating_model/cells/downside_fy2026_premium:downside/formula/refs/1Nonedownside_2026q3_premium
/operating_model/cells/downside_fy2026_premium:downside/formula/refs/2Nonedownside_2026q4_premium
/operating_model/cells/downside_fy2026_premium:downside/idNonedownside_fy2026_premium
/operating_model/cells/downside_fy2026_premium:downside/kindNonederived
/operating_model/cells/downside_fy2026_premium:downside/labelNoneNet premium revenue ($M)
/operating_model/cells/downside_fy2026_premium:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_premium:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_premium:downside/valueNone18000.193
/operating_model/cells/downside_fy2026_revenue:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_revenue:downside/caseNonedownside
/operating_model/cells/downside_fy2026_revenue:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/0Noneh1_revenue
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/1Nonedownside_2026q3_revenue
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/2Nonedownside_2026q4_revenue
/operating_model/cells/downside_fy2026_revenue:downside/idNonedownside_fy2026_revenue
/operating_model/cells/downside_fy2026_revenue:downside/kindNonederived
/operating_model/cells/downside_fy2026_revenue:downside/labelNoneTotal revenue ($M)
/operating_model/cells/downside_fy2026_revenue:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_revenue:downside/valueNone18363.414
/operating_model/cells/downside_fy2026_sga:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_sga:downside/caseNonedownside
/operating_model/cells/downside_fy2026_sga:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_sga:downside/formula/refs/0Noneh1_sga
/operating_model/cells/downside_fy2026_sga:downside/formula/refs/1Nonedownside_2026q3_sga
/operating_model/cells/downside_fy2026_sga:downside/formula/refs/2Nonedownside_2026q4_sga
/operating_model/cells/downside_fy2026_sga:downside/idNonedownside_fy2026_sga
/operating_model/cells/downside_fy2026_sga:downside/kindNonederived
/operating_model/cells/downside_fy2026_sga:downside/labelNoneSelling general and administrative expense ($M)
/operating_model/cells/downside_fy2026_sga:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_sga:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_sga:downside/valueNone3017.3140000000003
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/caseNonedownside
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/formula/refs/0Noneh1_timing_neutral_cash
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/formula/refs/1Nonedownside_2026q3_timing_neutral_cash
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/formula/refs/2Nonedownside_2026q4_timing_neutral_cash
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/idNonedownside_fy2026_timing_neutral_cash
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/kindNonederived
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/labelNoneCash excluding specified float changes and capex ($M)
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_timing_neutral_cash:downside/valueNone-528.1539999999995
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/formula/refs/0Noneh1_timing_neutral_cfo
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/formula/refs/1Nonedownside_2026q3_timing_neutral_cfo
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/formula/refs/2Nonedownside_2026q4_timing_neutral_cfo
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/idNonedownside_fy2026_timing_neutral_cfo
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/labelNoneCFO excluding CMS and claims float changes ($M)
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_timing_neutral_cfo:downside/valueNone-482.59799999999944
/operating_model/cells/downside_fy2027_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2027_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/0Nonedownside_2027q1_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/2Nonedownside_2027q3_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/3Nonedownside_2027q4_capex
/operating_model/cells/downside_fy2027_capex:downside/idNonedownside_fy2027_capex
/operating_model/cells/downside_fy2027_capex:downside/kindNonederived
/operating_model/cells/downside_fy2027_capex:downside/labelNoneCash PP&E and software ($M)
/operating_model/cells/downside_fy2027_capex:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_capex:downside/valueNone62.0
/operating_model/cells/downside_fy2027_cash_after_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_cash_after_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2027_cash_after_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_cash_after_capex:downside/formula/refs/0Nonedownside_2027q1_cash_after_capex
/operating_model/cells/downside_fy2027_cash_after_capex:downside/formula/refs/1Nonedownside_2027q2_cash_after_capex
/operating_model/cells/downside_fy2027_cash_after_capex:downside/formula/refs/2Nonedownside_2027q3_cash_after_capex
/operating_model/cells/downside_fy2027_cash_after_capex:downside/formula/refs/3Nonedownside_2027q4_cash_after_capex
/operating_model/cells/downside_fy2027_cash_after_capex:downside/idNonedownside_fy2027_cash_after_capex
/operating_model/cells/downside_fy2027_cash_after_capex:downside/kindNonederived
/operating_model/cells/downside_fy2027_cash_after_capex:downside/labelNoneCFO less cash capex ($M)
/operating_model/cells/downside_fy2027_cash_after_capex:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_cash_after_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_cash_after_capex:downside/valueNone-4069.800000000001
/operating_model/cells/downside_fy2027_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2027_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/0Nonedownside_2027q1_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/1Nonedownside_2027q2_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/2Nonedownside_2027q3_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/3Nonedownside_2027q4_cfo
/operating_model/cells/downside_fy2027_cfo:downside/idNonedownside_fy2027_cfo
/operating_model/cells/downside_fy2027_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2027_cfo:downside/labelNoneConsolidated operating cash flow ($M)
/operating_model/cells/downside_fy2027_cfo:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_cfo:downside/valueNone-4007.800000000001
/operating_model/cells/downside_fy2027_claims_float:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_claims_float:downside/caseNonedownside
/operating_model/cells/downside_fy2027_claims_float:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_claims_float:downside/formula/refs/0Nonedownside_2027q1_claims_float
/operating_model/cells/downside_fy2027_claims_float:downside/formula/refs/1Nonedownside_2027q2_claims_float
/operating_model/cells/downside_fy2027_claims_float:downside/formula/refs/2Nonedownside_2027q3_claims_float
/operating_model/cells/downside_fy2027_claims_float:downside/formula/refs/3Nonedownside_2027q4_claims_float
/operating_model/cells/downside_fy2027_claims_float:downside/idNonedownside_fy2027_claims_float
/operating_model/cells/downside_fy2027_claims_float:downside/kindNonederived
/operating_model/cells/downside_fy2027_claims_float:downside/labelNoneBenefits-payable cash-timing inflow ($M)
/operating_model/cells/downside_fy2027_claims_float:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_claims_float:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_claims_float:downside/valueNone690.0
/operating_model/cells/downside_fy2027_cms_flow:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_cms_flow:downside/caseNonedownside
/operating_model/cells/downside_fy2027_cms_flow:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_cms_flow:downside/formula/refs/0Nonedownside_2027q1_cms_flow
/operating_model/cells/downside_fy2027_cms_flow:downside/formula/refs/1Nonedownside_2027q2_cms_flow
/operating_model/cells/downside_fy2027_cms_flow:downside/formula/refs/2Nonedownside_2027q3_cms_flow
/operating_model/cells/downside_fy2027_cms_flow:downside/formula/refs/3Nonedownside_2027q4_cms_flow
/operating_model/cells/downside_fy2027_cms_flow:downside/idNonedownside_fy2027_cms_flow
/operating_model/cells/downside_fy2027_cms_flow:downside/kindNonederived
/operating_model/cells/downside_fy2027_cms_flow:downside/labelNoneNet CMS cash-timing inflow ($M)
/operating_model/cells/downside_fy2027_cms_flow:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_cms_flow:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_cms_flow:downside/valueNone-800.0
/operating_model/cells/downside_fy2027_medical:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_medical:downside/caseNonedownside
/operating_model/cells/downside_fy2027_medical:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_medical:downside/formula/refs/0Nonedownside_2027q1_medical
/operating_model/cells/downside_fy2027_medical:downside/formula/refs/1Nonedownside_2027q2_medical
/operating_model/cells/downside_fy2027_medical:downside/formula/refs/2Nonedownside_2027q3_medical
/operating_model/cells/downside_fy2027_medical:downside/formula/refs/3Nonedownside_2027q4_medical
/operating_model/cells/downside_fy2027_medical:downside/idNonedownside_fy2027_medical
/operating_model/cells/downside_fy2027_medical:downside/kindNonederived
/operating_model/cells/downside_fy2027_medical:downside/labelNoneMedical expense ($M)
/operating_model/cells/downside_fy2027_medical:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_medical:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_medical:downside/valueNone18110.0
/operating_model/cells/downside_fy2027_operating_income:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_operating_income:downside/caseNonedownside
/operating_model/cells/downside_fy2027_operating_income:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/0Nonedownside_2027q1_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/1Nonedownside_2027q2_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/2Nonedownside_2027q3_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/3Nonedownside_2027q4_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/idNonedownside_fy2027_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/kindNonederived
/operating_model/cells/downside_fy2027_operating_income:downside/labelNoneEarnings from operations ($M)
/operating_model/cells/downside_fy2027_operating_income:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_operating_income:downside/valueNone-3742.000000000001
/operating_model/cells/downside_fy2027_premium:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_premium:downside/caseNonedownside
/operating_model/cells/downside_fy2027_premium:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_premium:downside/formula/refs/0Nonedownside_2027q1_premium
/operating_model/cells/downside_fy2027_premium:downside/formula/refs/1Nonedownside_2027q2_premium
/operating_model/cells/downside_fy2027_premium:downside/formula/refs/2Nonedownside_2027q3_premium
/operating_model/cells/downside_fy2027_premium:downside/formula/refs/3Nonedownside_2027q4_premium
/operating_model/cells/downside_fy2027_premium:downside/idNonedownside_fy2027_premium
/operating_model/cells/downside_fy2027_premium:downside/kindNonederived
/operating_model/cells/downside_fy2027_premium:downside/labelNoneNet premium revenue ($M)
/operating_model/cells/downside_fy2027_premium:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_premium:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_premium:downside/valueNone17190.0
/operating_model/cells/downside_fy2027_revenue:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_revenue:downside/caseNonedownside
/operating_model/cells/downside_fy2027_revenue:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/1Nonedownside_2027q2_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/2Nonedownside_2027q3_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/3Nonedownside_2027q4_revenue
/operating_model/cells/downside_fy2027_revenue:downside/idNonedownside_fy2027_revenue
/operating_model/cells/downside_fy2027_revenue:downside/kindNonederived
/operating_model/cells/downside_fy2027_revenue:downside/labelNoneTotal revenue ($M)
/operating_model/cells/downside_fy2027_revenue:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_revenue:downside/valueNone17661.0
/operating_model/cells/downside_fy2027_sga:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_sga:downside/caseNonedownside
/operating_model/cells/downside_fy2027_sga:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_sga:downside/formula/refs/0Nonedownside_2027q1_sga
/operating_model/cells/downside_fy2027_sga:downside/formula/refs/1Nonedownside_2027q2_sga
/operating_model/cells/downside_fy2027_sga:downside/formula/refs/2Nonedownside_2027q3_sga
/operating_model/cells/downside_fy2027_sga:downside/formula/refs/3Nonedownside_2027q4_sga
/operating_model/cells/downside_fy2027_sga:downside/idNonedownside_fy2027_sga
/operating_model/cells/downside_fy2027_sga:downside/kindNonederived
/operating_model/cells/downside_fy2027_sga:downside/labelNoneSelling general and administrative expense ($M)
/operating_model/cells/downside_fy2027_sga:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_sga:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_sga:downside/valueNone3260.0
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/caseNonedownside
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/formula/refs/0Nonedownside_2027q1_timing_neutral_cash
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/formula/refs/1Nonedownside_2027q2_timing_neutral_cash
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/formula/refs/2Nonedownside_2027q3_timing_neutral_cash
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/formula/refs/3Nonedownside_2027q4_timing_neutral_cash
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/idNonedownside_fy2027_timing_neutral_cash
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/kindNonederived
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/labelNoneCash excluding specified float changes and capex ($M)
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_timing_neutral_cash:downside/valueNone-3959.800000000001
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/formula/refs/0Nonedownside_2027q1_timing_neutral_cfo
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/formula/refs/1Nonedownside_2027q2_timing_neutral_cfo
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/formula/refs/2Nonedownside_2027q3_timing_neutral_cfo
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/formula/refs/3Nonedownside_2027q4_timing_neutral_cfo
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/idNonedownside_fy2027_timing_neutral_cfo
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/labelNoneCFO excluding CMS and claims float changes ($M)
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_timing_neutral_cfo:downside/valueNone-3897.800000000001
/operating_model/cells/downside_h2_operating:downside/basisNoneRemaining-year seasonal earnings requirement.
/operating_model/cells/downside_h2_operating:downside/caseNonedownside
/operating_model/cells/downside_h2_operating:downside/formula/opNonesum
/operating_model/cells/downside_h2_operating:downside/formula/refs/0Nonedownside_2026q3_operating_income
/operating_model/cells/downside_h2_operating:downside/formula/refs/1Nonedownside_2026q4_operating_income
/operating_model/cells/downside_h2_operating:downside/idNonedownside_h2_operating
/operating_model/cells/downside_h2_operating:downside/kindNonederived
/operating_model/cells/downside_h2_operating:downside/labelNoneH2 operating earnings requirement
/operating_model/cells/downside_h2_operating:downside/periodNoneH2 2026
/operating_model/cells/downside_h2_operating:downside/unitNoneUSD_millions
/operating_model/cells/downside_h2_operating:downside/valueNone-1367.999999999999
/operating_model/cells/excess_statutory:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/excess_statutory:shared/caseNoneshared
/operating_model/cells/excess_statutory:shared/idNoneexcess_statutory
/operating_model/cells/excess_statutory:shared/kindNonereported
/operating_model/cells/excess_statutory:shared/labelNoneexcess statutory
/operating_model/cells/excess_statutory:shared/periodNoneJune 2026
/operating_model/cells/excess_statutory:shared/source_dateNone2026-08-07
/operating_model/cells/excess_statutory:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/excess_statutory:shared/unitNoneUSD_millions
/operating_model/cells/excess_statutory:shared/valueNone994.0
/operating_model/cells/fy26_mlr_high:shared/basisNoneUpdated September 16 annual MLR outlook.
/operating_model/cells/fy26_mlr_high:shared/caseNoneshared
/operating_model/cells/fy26_mlr_high:shared/idNonefy26_mlr_high
/operating_model/cells/fy26_mlr_high:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_mlr_high:shared/labelNoneSeptember MLR range high
/operating_model/cells/fy26_mlr_high:shared/periodNoneFY2026
/operating_model/cells/fy26_mlr_high:shared/source_dateNone2026-09-16
/operating_model/cells/fy26_mlr_high:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000074/oscr-20260916.htm
/operating_model/cells/fy26_mlr_high:shared/unitNoneratio
/operating_model/cells/fy26_mlr_high:shared/valueNone0.82
/operating_model/cells/fy26_mlr_low:shared/basisNoneUpdated September 16 annual MLR outlook.
/operating_model/cells/fy26_mlr_low:shared/caseNoneshared
/operating_model/cells/fy26_mlr_low:shared/idNonefy26_mlr_low
/operating_model/cells/fy26_mlr_low:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_mlr_low:shared/labelNoneSeptember MLR range low
/operating_model/cells/fy26_mlr_low:shared/periodNoneFY2026
/operating_model/cells/fy26_mlr_low:shared/source_dateNone2026-09-16
/operating_model/cells/fy26_mlr_low:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000074/oscr-20260916.htm
/operating_model/cells/fy26_mlr_low:shared/unitNoneratio
/operating_model/cells/fy26_mlr_low:shared/valueNone0.81
/operating_model/cells/fy26_operating:shared/basisNoneCalculated midpoint of the company range; not an additional company forecast.
/operating_model/cells/fy26_operating:shared/caseNoneshared
/operating_model/cells/fy26_operating:shared/formula/opNonedivide
/operating_model/cells/fy26_operating:shared/formula/refs/0Nonefy26_operating_sum
/operating_model/cells/fy26_operating:shared/formula/refs/1Nonetwo
/operating_model/cells/fy26_operating:shared/idNonefy26_operating
/operating_model/cells/fy26_operating:shared/kindNonederived
/operating_model/cells/fy26_operating:shared/labelNoneSeptember FY2026 operating earnings midpoint
/operating_model/cells/fy26_operating:shared/periodNoneFY2026
/operating_model/cells/fy26_operating:shared/unitNoneUSD_millions
/operating_model/cells/fy26_operating:shared/valueNone700.0
/operating_model/cells/fy26_operating_high:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/fy26_operating_high:shared/caseNoneshared
/operating_model/cells/fy26_operating_high:shared/idNonefy26_operating_high
/operating_model/cells/fy26_operating_high:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_operating_high:shared/labelNoneSeptember FY2026 operating earnings high
/operating_model/cells/fy26_operating_high:shared/periodNoneFY2026
/operating_model/cells/fy26_operating_high:shared/source_dateNone2026-09-16
/operating_model/cells/fy26_operating_high:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000074/oscr-20260916.htm
/operating_model/cells/fy26_operating_high:shared/unitNoneUSD_millions
/operating_model/cells/fy26_operating_high:shared/valueNone800.0
/operating_model/cells/fy26_operating_low:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/fy26_operating_low:shared/caseNoneshared
/operating_model/cells/fy26_operating_low:shared/idNonefy26_operating_low
/operating_model/cells/fy26_operating_low:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_operating_low:shared/labelNoneSeptember FY2026 operating earnings low
/operating_model/cells/fy26_operating_low:shared/periodNoneFY2026
/operating_model/cells/fy26_operating_low:shared/source_dateNone2026-09-16
/operating_model/cells/fy26_operating_low:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000074/oscr-20260916.htm
/operating_model/cells/fy26_operating_low:shared/unitNoneUSD_millions
/operating_model/cells/fy26_operating_low:shared/valueNone600.0
/operating_model/cells/fy26_operating_sum:shared/basisNoneArithmetic intermediate.
/operating_model/cells/fy26_operating_sum:shared/caseNoneshared
/operating_model/cells/fy26_operating_sum:shared/formula/opNonesum
/operating_model/cells/fy26_operating_sum:shared/formula/refs/0Nonefy26_operating_low
/operating_model/cells/fy26_operating_sum:shared/formula/refs/1Nonefy26_operating_high
/operating_model/cells/fy26_operating_sum:shared/idNonefy26_operating_sum
/operating_model/cells/fy26_operating_sum:shared/kindNonederived
/operating_model/cells/fy26_operating_sum:shared/labelNoneSeptember FY2026 operating earnings endpoint sum
/operating_model/cells/fy26_operating_sum:shared/periodNoneFY2026
/operating_model/cells/fy26_operating_sum:shared/unitNoneUSD_millions
/operating_model/cells/fy26_operating_sum:shared/valueNone1400.0
/operating_model/cells/fy26_revenue:shared/basisNoneCalculated midpoint of the company range; not an additional company forecast.
/operating_model/cells/fy26_revenue:shared/caseNoneshared
/operating_model/cells/fy26_revenue:shared/formula/opNonedivide
/operating_model/cells/fy26_revenue:shared/formula/refs/0Nonefy26_revenue_sum
/operating_model/cells/fy26_revenue:shared/formula/refs/1Nonetwo
/operating_model/cells/fy26_revenue:shared/idNonefy26_revenue
/operating_model/cells/fy26_revenue:shared/kindNonederived
/operating_model/cells/fy26_revenue:shared/labelNoneSeptember FY2026 revenue midpoint
/operating_model/cells/fy26_revenue:shared/periodNoneFY2026
/operating_model/cells/fy26_revenue:shared/unitNoneUSD_millions
/operating_model/cells/fy26_revenue:shared/valueNone18850.0
/operating_model/cells/fy26_revenue_high:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/fy26_revenue_high:shared/caseNoneshared
/operating_model/cells/fy26_revenue_high:shared/idNonefy26_revenue_high
/operating_model/cells/fy26_revenue_high:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_revenue_high:shared/labelNoneSeptember FY2026 revenue high
/operating_model/cells/fy26_revenue_high:shared/periodNoneFY2026
/operating_model/cells/fy26_revenue_high:shared/source_dateNone2026-09-16
/operating_model/cells/fy26_revenue_high:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000074/oscr-20260916.htm
/operating_model/cells/fy26_revenue_high:shared/unitNoneUSD_millions
/operating_model/cells/fy26_revenue_high:shared/valueNone19000.0
/operating_model/cells/fy26_revenue_low:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/fy26_revenue_low:shared/caseNoneshared
/operating_model/cells/fy26_revenue_low:shared/idNonefy26_revenue_low
/operating_model/cells/fy26_revenue_low:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_revenue_low:shared/labelNoneSeptember FY2026 revenue low
/operating_model/cells/fy26_revenue_low:shared/periodNoneFY2026
/operating_model/cells/fy26_revenue_low:shared/source_dateNone2026-09-16
/operating_model/cells/fy26_revenue_low:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000074/oscr-20260916.htm
/operating_model/cells/fy26_revenue_low:shared/unitNoneUSD_millions
/operating_model/cells/fy26_revenue_low:shared/valueNone18700.0
/operating_model/cells/fy26_revenue_sum:shared/basisNoneArithmetic intermediate.
/operating_model/cells/fy26_revenue_sum:shared/caseNoneshared
/operating_model/cells/fy26_revenue_sum:shared/formula/opNonesum
/operating_model/cells/fy26_revenue_sum:shared/formula/refs/0Nonefy26_revenue_low
/operating_model/cells/fy26_revenue_sum:shared/formula/refs/1Nonefy26_revenue_high
/operating_model/cells/fy26_revenue_sum:shared/idNonefy26_revenue_sum
/operating_model/cells/fy26_revenue_sum:shared/kindNonederived
/operating_model/cells/fy26_revenue_sum:shared/labelNoneSeptember FY2026 revenue endpoint sum
/operating_model/cells/fy26_revenue_sum:shared/periodNoneFY2026
/operating_model/cells/fy26_revenue_sum:shared/unitNoneUSD_millions
/operating_model/cells/fy26_revenue_sum:shared/valueNone37700.0
/operating_model/cells/h1_award_withholding:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_award_withholding:shared/caseNoneshared
/operating_model/cells/h1_award_withholding:shared/idNoneh1_award_withholding
/operating_model/cells/h1_award_withholding:shared/kindNonereported
/operating_model/cells/h1_award_withholding:shared/labelNoneH1 award withholding
/operating_model/cells/h1_award_withholding:shared/periodNoneH1 2026
/operating_model/cells/h1_award_withholding:shared/source_dateNone2026-08-07
/operating_model/cells/h1_award_withholding:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_award_withholding:shared/unitNoneUSD_millions
/operating_model/cells/h1_award_withholding:shared/valueNone11.92
/operating_model/cells/h1_capex:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_capex:shared/caseNoneshared
/operating_model/cells/h1_capex:shared/idNoneh1_capex
/operating_model/cells/h1_capex:shared/kindNonereported
/operating_model/cells/h1_capex:shared/labelNoneH1 capex
/operating_model/cells/h1_capex:shared/periodNoneH1 2026
/operating_model/cells/h1_capex:shared/source_dateNone2026-08-07
/operating_model/cells/h1_capex:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_capex:shared/unitNoneUSD_millions
/operating_model/cells/h1_capex:shared/valueNone20.556
/operating_model/cells/h1_cash_after_capex:shared/basisNoneInsurance cash-flow metric, not distributable corporate FCF.
/operating_model/cells/h1_cash_after_capex:shared/caseNoneshared
/operating_model/cells/h1_cash_after_capex:shared/formula/opNonesubtract
/operating_model/cells/h1_cash_after_capex:shared/formula/refs/0Noneh1_cfo
/operating_model/cells/h1_cash_after_capex:shared/formula/refs/1Noneh1_capex
/operating_model/cells/h1_cash_after_capex:shared/idNoneh1_cash_after_capex
/operating_model/cells/h1_cash_after_capex:shared/kindNonederived
/operating_model/cells/h1_cash_after_capex:shared/labelNoneH1 CFO less capex
/operating_model/cells/h1_cash_after_capex:shared/periodNoneH1 2026
/operating_model/cells/h1_cash_after_capex:shared/unitNoneUSD_millions
/operating_model/cells/h1_cash_after_capex:shared/valueNone4690.769
/operating_model/cells/h1_cfo:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_cfo:shared/caseNoneshared
/operating_model/cells/h1_cfo:shared/idNoneh1_cfo
/operating_model/cells/h1_cfo:shared/kindNonereported
/operating_model/cells/h1_cfo:shared/labelNoneH1 cfo
/operating_model/cells/h1_cfo:shared/periodNoneH1 2026
/operating_model/cells/h1_cfo:shared/source_dateNone2026-08-07
/operating_model/cells/h1_cfo:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_cfo:shared/unitNoneUSD_millions
/operating_model/cells/h1_cfo:shared/valueNone4711.325
/operating_model/cells/h1_claims_float:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_claims_float:shared/caseNoneshared
/operating_model/cells/h1_claims_float:shared/idNoneh1_claims_float
/operating_model/cells/h1_claims_float:shared/kindNonereported
/operating_model/cells/h1_claims_float:shared/labelNoneH1 claims float
/operating_model/cells/h1_claims_float:shared/periodNoneH1 2026
/operating_model/cells/h1_claims_float:shared/source_dateNone2026-08-07
/operating_model/cells/h1_claims_float:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_claims_float:shared/unitNoneUSD_millions
/operating_model/cells/h1_claims_float:shared/valueNone443.05
/operating_model/cells/h1_cms_flow:shared/basisNoneNet of CMS receivable growth; not solely current-period risk-transfer expense.
/operating_model/cells/h1_cms_flow:shared/caseNoneshared
/operating_model/cells/h1_cms_flow:shared/formula/opNonesubtract
/operating_model/cells/h1_cms_flow:shared/formula/refs/0Noneh1_cms_payable_inflow
/operating_model/cells/h1_cms_flow:shared/formula/refs/1Noneh1_cms_receivable_use
/operating_model/cells/h1_cms_flow:shared/idNoneh1_cms_flow
/operating_model/cells/h1_cms_flow:shared/kindNonederived
/operating_model/cells/h1_cms_flow:shared/labelNoneH1 net CMS cash-timing inflow
/operating_model/cells/h1_cms_flow:shared/periodNoneH1 2026
/operating_model/cells/h1_cms_flow:shared/unitNoneUSD_millions
/operating_model/cells/h1_cms_flow:shared/valueNone3320.473
/operating_model/cells/h1_cms_payable_inflow:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_cms_payable_inflow:shared/caseNoneshared
/operating_model/cells/h1_cms_payable_inflow:shared/idNoneh1_cms_payable_inflow
/operating_model/cells/h1_cms_payable_inflow:shared/kindNonereported
/operating_model/cells/h1_cms_payable_inflow:shared/labelNoneH1 cms payable inflow
/operating_model/cells/h1_cms_payable_inflow:shared/periodNoneH1 2026
/operating_model/cells/h1_cms_payable_inflow:shared/source_dateNone2026-08-07
/operating_model/cells/h1_cms_payable_inflow:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_cms_payable_inflow:shared/unitNoneUSD_millions
/operating_model/cells/h1_cms_payable_inflow:shared/valueNone3365.194
/operating_model/cells/h1_cms_receivable_use:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_cms_receivable_use:shared/caseNoneshared
/operating_model/cells/h1_cms_receivable_use:shared/idNoneh1_cms_receivable_use
/operating_model/cells/h1_cms_receivable_use:shared/kindNonereported
/operating_model/cells/h1_cms_receivable_use:shared/labelNoneH1 cms receivable use
/operating_model/cells/h1_cms_receivable_use:shared/periodNoneH1 2026
/operating_model/cells/h1_cms_receivable_use:shared/source_dateNone2026-08-07
/operating_model/cells/h1_cms_receivable_use:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_cms_receivable_use:shared/unitNoneUSD_millions
/operating_model/cells/h1_cms_receivable_use:shared/valueNone44.721
/operating_model/cells/h1_da_cashflow:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_da_cashflow:shared/caseNoneshared
/operating_model/cells/h1_da_cashflow:shared/idNoneh1_da_cashflow
/operating_model/cells/h1_da_cashflow:shared/kindNonereported
/operating_model/cells/h1_da_cashflow:shared/labelNoneH1 da cashflow
/operating_model/cells/h1_da_cashflow:shared/periodNoneH1 2026
/operating_model/cells/h1_da_cashflow:shared/source_dateNone2026-08-07
/operating_model/cells/h1_da_cashflow:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_da_cashflow:shared/unitNoneUSD_millions
/operating_model/cells/h1_da_cashflow:shared/valueNone13.049
/operating_model/cells/h1_da_operating:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_da_operating:shared/caseNoneshared
/operating_model/cells/h1_da_operating:shared/idNoneh1_da_operating
/operating_model/cells/h1_da_operating:shared/kindNonereported
/operating_model/cells/h1_da_operating:shared/labelNoneH1 da operating
/operating_model/cells/h1_da_operating:shared/periodNoneH1 2026
/operating_model/cells/h1_da_operating:shared/source_dateNone2026-08-07
/operating_model/cells/h1_da_operating:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_da_operating:shared/unitNoneUSD_millions
/operating_model/cells/h1_da_operating:shared/valueNone13.078
/operating_model/cells/h1_float:shared/basisNoneChanges in liabilities/receivables, not extra revenue.
/operating_model/cells/h1_float:shared/caseNoneshared
/operating_model/cells/h1_float:shared/formula/opNonesum
/operating_model/cells/h1_float:shared/formula/refs/0Noneh1_cms_flow
/operating_model/cells/h1_float:shared/formula/refs/1Noneh1_claims_float
/operating_model/cells/h1_float:shared/idNoneh1_float
/operating_model/cells/h1_float:shared/kindNonederived
/operating_model/cells/h1_float:shared/labelNoneH1 net CMS and benefits-payable cash inflow
/operating_model/cells/h1_float:shared/periodNoneH1 2026
/operating_model/cells/h1_float:shared/unitNoneUSD_millions
/operating_model/cells/h1_float:shared/valueNone3763.523
/operating_model/cells/h1_medical:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_medical:shared/caseNoneshared
/operating_model/cells/h1_medical:shared/idNoneh1_medical
/operating_model/cells/h1_medical:shared/kindNonereported
/operating_model/cells/h1_medical:shared/labelNoneH1 medical
/operating_model/cells/h1_medical:shared/periodNoneH1 2026
/operating_model/cells/h1_medical:shared/source_dateNone2026-08-07
/operating_model/cells/h1_medical:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_medical:shared/unitNoneUSD_millions
/operating_model/cells/h1_medical:shared/valueNone7024.302
/operating_model/cells/h1_net_income:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_net_income:shared/caseNoneshared
/operating_model/cells/h1_net_income:shared/idNoneh1_net_income
/operating_model/cells/h1_net_income:shared/kindNonereported
/operating_model/cells/h1_net_income:shared/labelNoneH1 net income
/operating_model/cells/h1_net_income:shared/periodNoneH1 2026
/operating_model/cells/h1_net_income:shared/source_dateNone2026-08-07
/operating_model/cells/h1_net_income:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_net_income:shared/unitNoneUSD_millions
/operating_model/cells/h1_net_income:shared/valueNone1040.851
/operating_model/cells/h1_operating_income:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_operating_income:shared/caseNoneshared
/operating_model/cells/h1_operating_income:shared/idNoneh1_operating_income
/operating_model/cells/h1_operating_income:shared/kindNonereported
/operating_model/cells/h1_operating_income:shared/labelNoneH1 operating income
/operating_model/cells/h1_operating_income:shared/periodNoneH1 2026
/operating_model/cells/h1_operating_income:shared/source_dateNone2026-08-07
/operating_model/cells/h1_operating_income:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_operating_income:shared/unitNoneUSD_millions
/operating_model/cells/h1_operating_income:shared/valueNone1092.72
/operating_model/cells/h1_premium:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_premium:shared/caseNoneshared
/operating_model/cells/h1_premium:shared/idNoneh1_premium
/operating_model/cells/h1_premium:shared/kindNonereported
/operating_model/cells/h1_premium:shared/labelNoneH1 premium
/operating_model/cells/h1_premium:shared/periodNoneH1 2026
/operating_model/cells/h1_premium:shared/source_dateNone2026-08-07
/operating_model/cells/h1_premium:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_premium:shared/unitNoneUSD_millions
/operating_model/cells/h1_premium:shared/valueNone9370.193
/operating_model/cells/h1_revenue:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_revenue:shared/caseNoneshared
/operating_model/cells/h1_revenue:shared/idNoneh1_revenue
/operating_model/cells/h1_revenue:shared/kindNonereported
/operating_model/cells/h1_revenue:shared/labelNoneH1 revenue
/operating_model/cells/h1_revenue:shared/periodNoneH1 2026
/operating_model/cells/h1_revenue:shared/source_dateNone2026-08-07
/operating_model/cells/h1_revenue:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_revenue:shared/unitNoneUSD_millions
/operating_model/cells/h1_revenue:shared/valueNone9527.414
/operating_model/cells/h1_sbc:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_sbc:shared/caseNoneshared
/operating_model/cells/h1_sbc:shared/idNoneh1_sbc
/operating_model/cells/h1_sbc:shared/kindNonereported
/operating_model/cells/h1_sbc:shared/labelNoneH1 sbc
/operating_model/cells/h1_sbc:shared/periodNoneH1 2026
/operating_model/cells/h1_sbc:shared/source_dateNone2026-08-07
/operating_model/cells/h1_sbc:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_sbc:shared/unitNoneUSD_millions
/operating_model/cells/h1_sbc:shared/valueNone36.623
/operating_model/cells/h1_sga:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_sga:shared/caseNoneshared
/operating_model/cells/h1_sga:shared/idNoneh1_sga
/operating_model/cells/h1_sga:shared/kindNonereported
/operating_model/cells/h1_sga:shared/labelNoneH1 sga
/operating_model/cells/h1_sga:shared/periodNoneH1 2026
/operating_model/cells/h1_sga:shared/source_dateNone2026-08-07
/operating_model/cells/h1_sga:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_sga:shared/unitNoneUSD_millions
/operating_model/cells/h1_sga:shared/valueNone1397.314
/operating_model/cells/h1_subsidiary_contributions:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_subsidiary_contributions:shared/caseNoneshared
/operating_model/cells/h1_subsidiary_contributions:shared/idNoneh1_subsidiary_contributions
/operating_model/cells/h1_subsidiary_contributions:shared/kindNonereported
/operating_model/cells/h1_subsidiary_contributions:shared/labelNoneH1 subsidiary contributions
/operating_model/cells/h1_subsidiary_contributions:shared/periodNoneH1 2026
/operating_model/cells/h1_subsidiary_contributions:shared/source_dateNone2026-08-07
/operating_model/cells/h1_subsidiary_contributions:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_subsidiary_contributions:shared/unitNoneUSD_millions
/operating_model/cells/h1_subsidiary_contributions:shared/valueNone425.5
/operating_model/cells/h1_subsidiary_distributions:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_subsidiary_distributions:shared/caseNoneshared
/operating_model/cells/h1_subsidiary_distributions:shared/idNoneh1_subsidiary_distributions
/operating_model/cells/h1_subsidiary_distributions:shared/kindNonereported
/operating_model/cells/h1_subsidiary_distributions:shared/labelNoneH1 subsidiary distributions
/operating_model/cells/h1_subsidiary_distributions:shared/periodNoneH1 2026
/operating_model/cells/h1_subsidiary_distributions:shared/source_dateNone2026-08-07
/operating_model/cells/h1_subsidiary_distributions:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/h1_subsidiary_distributions:shared/unitNoneUSD_millions
/operating_model/cells/h1_subsidiary_distributions:shared/valueNone300.0
/operating_model/cells/h1_timing_neutral_cash:shared/basisNoneAnalytical two-line timing adjustment only.
/operating_model/cells/h1_timing_neutral_cash:shared/caseNoneshared
/operating_model/cells/h1_timing_neutral_cash:shared/formula/opNonesubtract
/operating_model/cells/h1_timing_neutral_cash:shared/formula/refs/0Noneh1_timing_neutral_cfo
/operating_model/cells/h1_timing_neutral_cash:shared/formula/refs/1Noneh1_capex
/operating_model/cells/h1_timing_neutral_cash:shared/idNoneh1_timing_neutral_cash
/operating_model/cells/h1_timing_neutral_cash:shared/kindNonederived
/operating_model/cells/h1_timing_neutral_cash:shared/labelNoneH1 float-adjusted cash after capex
/operating_model/cells/h1_timing_neutral_cash:shared/periodNoneH1 2026
/operating_model/cells/h1_timing_neutral_cash:shared/unitNoneUSD_millions
/operating_model/cells/h1_timing_neutral_cash:shared/valueNone927.2459999999996
/operating_model/cells/h1_timing_neutral_cfo:shared/basisNoneRetains all other working-capital and cash movements; not normalized earnings.
/operating_model/cells/h1_timing_neutral_cfo:shared/caseNoneshared
/operating_model/cells/h1_timing_neutral_cfo:shared/formula/opNonesubtract
/operating_model/cells/h1_timing_neutral_cfo:shared/formula/refs/0Noneh1_cfo
/operating_model/cells/h1_timing_neutral_cfo:shared/formula/refs/1Noneh1_float
/operating_model/cells/h1_timing_neutral_cfo:shared/idNoneh1_timing_neutral_cfo
/operating_model/cells/h1_timing_neutral_cfo:shared/kindNonederived
/operating_model/cells/h1_timing_neutral_cfo:shared/labelNoneH1 CFO excluding specified float movements
/operating_model/cells/h1_timing_neutral_cfo:shared/periodNoneH1 2026
/operating_model/cells/h1_timing_neutral_cfo:shared/unitNoneUSD_millions
/operating_model/cells/h1_timing_neutral_cfo:shared/valueNone947.8019999999997
/operating_model/cells/long_investments:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/long_investments:shared/caseNoneshared
/operating_model/cells/long_investments:shared/idNonelong_investments
/operating_model/cells/long_investments:shared/kindNonereported
/operating_model/cells/long_investments:shared/labelNonelong investments
/operating_model/cells/long_investments:shared/periodNoneJune 2026
/operating_model/cells/long_investments:shared/source_dateNone2026-08-07
/operating_model/cells/long_investments:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/long_investments:shared/unitNoneUSD_millions
/operating_model/cells/long_investments:shared/valueNone1600.77
/operating_model/cells/note_2030:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/note_2030:shared/caseNoneshared
/operating_model/cells/note_2030:shared/idNonenote_2030
/operating_model/cells/note_2030:shared/kindNonereported
/operating_model/cells/note_2030:shared/labelNonenote 2030
/operating_model/cells/note_2030:shared/periodNoneJune 2026
/operating_model/cells/note_2030:shared/source_dateNone2026-08-07
/operating_model/cells/note_2030:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/note_2030:shared/unitNoneUSD_millions
/operating_model/cells/note_2030:shared/valueNone410.0
/operating_model/cells/note_2031:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/note_2031:shared/caseNoneshared
/operating_model/cells/note_2031:shared/idNonenote_2031
/operating_model/cells/note_2031:shared/kindNonereported
/operating_model/cells/note_2031:shared/labelNonenote 2031
/operating_model/cells/note_2031:shared/periodNoneJune 2026
/operating_model/cells/note_2031:shared/source_dateNone2026-08-07
/operating_model/cells/note_2031:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/note_2031:shared/unitNoneUSD_millions
/operating_model/cells/note_2031:shared/valueNone35.0
/operating_model/cells/parent_cash_investments:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/parent_cash_investments:shared/caseNoneshared
/operating_model/cells/parent_cash_investments:shared/idNoneparent_cash_investments
/operating_model/cells/parent_cash_investments:shared/kindNonereported
/operating_model/cells/parent_cash_investments:shared/labelNoneparent cash investments
/operating_model/cells/parent_cash_investments:shared/periodNoneJune 2026
/operating_model/cells/parent_cash_investments:shared/source_dateNone2026-08-07
/operating_model/cells/parent_cash_investments:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/parent_cash_investments:shared/unitNoneUSD_millions
/operating_model/cells/parent_cash_investments:shared/valueNone462.3
/operating_model/cells/parent_restricted:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/parent_restricted:shared/caseNoneshared
/operating_model/cells/parent_restricted:shared/idNoneparent_restricted
/operating_model/cells/parent_restricted:shared/kindNonereported
/operating_model/cells/parent_restricted:shared/labelNoneparent restricted
/operating_model/cells/parent_restricted:shared/periodNoneJune 2026
/operating_model/cells/parent_restricted:shared/source_dateNone2026-08-07
/operating_model/cells/parent_restricted:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/parent_restricted:shared/unitNoneUSD_millions
/operating_model/cells/parent_restricted:shared/valueNone9.6
/operating_model/cells/q2_direct_premiums:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/q2_direct_premiums:shared/caseNoneshared
/operating_model/cells/q2_direct_premiums:shared/idNoneq2_direct_premiums
/operating_model/cells/q2_direct_premiums:shared/kindNonereported
/operating_model/cells/q2_direct_premiums:shared/labelNoneq2 direct premiums
/operating_model/cells/q2_direct_premiums:shared/periodNoneJune 2026
/operating_model/cells/q2_direct_premiums:shared/source_dateNone2026-08-07
/operating_model/cells/q2_direct_premiums:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/q2_direct_premiums:shared/unitNoneUSD_millions
/operating_model/cells/q2_direct_premiums:shared/valueNone5666.469
/operating_model/cells/q2_medical:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/q2_medical:shared/caseNoneshared
/operating_model/cells/q2_medical:shared/idNoneq2_medical
/operating_model/cells/q2_medical:shared/kindNonereported
/operating_model/cells/q2_medical:shared/labelNoneq2 medical
/operating_model/cells/q2_medical:shared/periodNoneJune 2026
/operating_model/cells/q2_medical:shared/source_dateNone2026-08-07
/operating_model/cells/q2_medical:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/q2_medical:shared/unitNoneUSD_millions
/operating_model/cells/q2_medical:shared/valueNone3794.445
/operating_model/cells/q2_members:shared/basisNoneEnd-period members; normalized only as a reference for desk average activity.
/operating_model/cells/q2_members:shared/caseNoneshared
/operating_model/cells/q2_members:shared/idNoneq2_members
/operating_model/cells/q2_members:shared/kindNonereported
/operating_model/cells/q2_members:shared/labelNoneJune effectuated members
/operating_model/cells/q2_members:shared/periodNoneJune 2026
/operating_model/cells/q2_members:shared/source_dateNone2026-08-06
/operating_model/cells/q2_members:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000066/oscarhealthsecondquarter20.htm
/operating_model/cells/q2_members:shared/unitNoneratio
/operating_model/cells/q2_members:shared/valueNone2963002.0
/operating_model/cells/short_investments:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/short_investments:shared/caseNoneshared
/operating_model/cells/short_investments:shared/idNoneshort_investments
/operating_model/cells/short_investments:shared/kindNonereported
/operating_model/cells/short_investments:shared/labelNoneshort investments
/operating_model/cells/short_investments:shared/periodNoneJune 2026
/operating_model/cells/short_investments:shared/source_dateNone2026-08-07
/operating_model/cells/short_investments:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/short_investments:shared/unitNoneUSD_millions
/operating_model/cells/short_investments:shared/valueNone4479.906
/operating_model/cells/statutory_capital:shared/basisNoneUSD millions; parent/insurance capital amounts are rounded company disclosures and not assumed distributable.
/operating_model/cells/statutory_capital:shared/caseNoneshared
/operating_model/cells/statutory_capital:shared/idNonestatutory_capital
/operating_model/cells/statutory_capital:shared/kindNonereported
/operating_model/cells/statutory_capital:shared/labelNonestatutory capital
/operating_model/cells/statutory_capital:shared/periodNoneJune 2026
/operating_model/cells/statutory_capital:shared/source_dateNone2026-08-07
/operating_model/cells/statutory_capital:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/operating_model/cells/statutory_capital:shared/unitNoneUSD_millions
/operating_model/cells/statutory_capital:shared/valueNone1900.0
/operating_model/cells/two:shared/basisNoneArithmetic constant.
/operating_model/cells/two:shared/caseNoneshared
/operating_model/cells/two:shared/idNonetwo
/operating_model/cells/two:shared/kindNoneassumption
/operating_model/cells/two:shared/labelNoneMidpoint divisor
/operating_model/cells/two:shared/periodNoneModel
/operating_model/cells/two:shared/unitNoneratio
/operating_model/cells/two:shared/valueNone2.0
/operating_model/cells/upside_2026q3_average_members:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_average_members:upside/caseNoneupside
/operating_model/cells/upside_2026q3_average_members:upside/idNoneupside_2026q3_average_members
/operating_model/cells/upside_2026q3_average_members:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_average_members:upside/labelNoneAverage member activity
/operating_model/cells/upside_2026q3_average_members:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_average_members:upside/unitNoneratio
/operating_model/cells/upside_2026q3_average_members:upside/valueNone2980000.0
/operating_model/cells/upside_2026q3_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q3_capex:upside/idNoneupside_2026q3_capex
/operating_model/cells/upside_2026q3_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_capex:upside/labelNoneCash PP&E and software
/operating_model/cells/upside_2026q3_capex:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_capex:upside/valueNone12.0
/operating_model/cells/upside_2026q3_cash_after_capex:upside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/upside_2026q3_cash_after_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_after_capex:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_cash_after_capex:upside/formula/refs/0Noneupside_2026q3_cfo
/operating_model/cells/upside_2026q3_cash_after_capex:upside/formula/refs/1Noneupside_2026q3_capex
/operating_model/cells/upside_2026q3_cash_after_capex:upside/idNoneupside_2026q3_cash_after_capex
/operating_model/cells/upside_2026q3_cash_after_capex:upside/kindNonederived
/operating_model/cells/upside_2026q3_cash_after_capex:upside/labelNoneCFO less cash capex
/operating_model/cells/upside_2026q3_cash_after_capex:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_after_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_after_capex:upside/valueNone-2083.7
/operating_model/cells/upside_2026q3_cash_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_interest:upside/idNoneupside_2026q3_cash_interest
/operating_model/cells/upside_2026q3_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_cash_interest:upside/labelNoneCorporate cash interest
/operating_model/cells/upside_2026q3_cash_interest:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_interest:upside/valueNone3.7
/operating_model/cells/upside_2026q3_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_tax:upside/idNoneupside_2026q3_cash_tax
/operating_model/cells/upside_2026q3_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2026q3_cash_tax:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_tax:upside/valueNone8.0
/operating_model/cells/upside_2026q3_ceded_other:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_ceded_other:upside/caseNoneupside
/operating_model/cells/upside_2026q3_ceded_other:upside/idNoneupside_2026q3_ceded_other
/operating_model/cells/upside_2026q3_ceded_other:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_ceded_other:upside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/upside_2026q3_ceded_other:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_ceded_other:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_ceded_other:upside/valueNone5.0
/operating_model/cells/upside_2026q3_cfo:upside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/upside_2026q3_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_cfo:upside/formula/refs/0Noneupside_2026q3_timing_neutral_cfo
/operating_model/cells/upside_2026q3_cfo:upside/formula/refs/1Noneupside_2026q3_cms_flow
/operating_model/cells/upside_2026q3_cfo:upside/formula/refs/2Noneupside_2026q3_claims_float
/operating_model/cells/upside_2026q3_cfo:upside/idNoneupside_2026q3_cfo
/operating_model/cells/upside_2026q3_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q3_cfo:upside/labelNoneConsolidated operating cash flow
/operating_model/cells/upside_2026q3_cfo:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cfo:upside/valueNone-2071.7
/operating_model/cells/upside_2026q3_claims_float:upside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/upside_2026q3_claims_float:upside/caseNoneupside
/operating_model/cells/upside_2026q3_claims_float:upside/idNoneupside_2026q3_claims_float
/operating_model/cells/upside_2026q3_claims_float:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_claims_float:upside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/upside_2026q3_claims_float:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_claims_float:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_claims_float:upside/valueNone250.0
/operating_model/cells/upside_2026q3_cms_flow:upside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/upside_2026q3_cms_flow:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cms_flow:upside/idNoneupside_2026q3_cms_flow
/operating_model/cells/upside_2026q3_cms_flow:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_cms_flow:upside/labelNoneNet CMS cash-timing change
/operating_model/cells/upside_2026q3_cms_flow:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cms_flow:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cms_flow:upside/valueNone-2500.0
/operating_model/cells/upside_2026q3_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_da:upside/caseNoneupside
/operating_model/cells/upside_2026q3_da:upside/idNoneupside_2026q3_da
/operating_model/cells/upside_2026q3_da:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_da:upside/labelNoneOperating depreciation and amortization
/operating_model/cells/upside_2026q3_da:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_da:upside/valueNone7.0
/operating_model/cells/upside_2026q3_direct_premiums:upside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/upside_2026q3_direct_premiums:upside/caseNoneupside
/operating_model/cells/upside_2026q3_direct_premiums:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_direct_premiums:upside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/upside_2026q3_direct_premiums:upside/formula/refs/1Noneupside_2026q3_member_index
/operating_model/cells/upside_2026q3_direct_premiums:upside/formula/refs/2Noneupside_2026q3_premium_realization
/operating_model/cells/upside_2026q3_direct_premiums:upside/idNoneupside_2026q3_direct_premiums
/operating_model/cells/upside_2026q3_direct_premiums:upside/kindNonederived
/operating_model/cells/upside_2026q3_direct_premiums:upside/labelNoneDirect policy premiums
/operating_model/cells/upside_2026q3_direct_premiums:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_direct_premiums:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_direct_premiums:upside/valueNone5830.0
/operating_model/cells/upside_2026q3_investment_income:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_investment_income:upside/caseNoneupside
/operating_model/cells/upside_2026q3_investment_income:upside/idNoneupside_2026q3_investment_income
/operating_model/cells/upside_2026q3_investment_income:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_investment_income:upside/labelNoneInvestment income
/operating_model/cells/upside_2026q3_investment_income:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_investment_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_investment_income:upside/valueNone94.0
/operating_model/cells/upside_2026q3_medical:upside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/upside_2026q3_medical:upside/caseNoneupside
/operating_model/cells/upside_2026q3_medical:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_medical:upside/formula/refs/0Noneq2_medical
/operating_model/cells/upside_2026q3_medical:upside/formula/refs/1Noneupside_2026q3_member_index
/operating_model/cells/upside_2026q3_medical:upside/formula/refs/2Noneupside_2026q3_medical_realization
/operating_model/cells/upside_2026q3_medical:upside/idNoneupside_2026q3_medical
/operating_model/cells/upside_2026q3_medical:upside/kindNonederived
/operating_model/cells/upside_2026q3_medical:upside/labelNoneMedical costs
/operating_model/cells/upside_2026q3_medical:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_medical:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_medical:upside/valueNone4000.0
/operating_model/cells/upside_2026q3_medical_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_medical_realization:upside/caseNoneupside
/operating_model/cells/upside_2026q3_medical_realization:upside/idNoneupside_2026q3_medical_realization
/operating_model/cells/upside_2026q3_medical_realization:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_medical_realization:upside/labelNoneMedical cost per member versus reference
/operating_model/cells/upside_2026q3_medical_realization:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_medical_realization:upside/unitNoneratio
/operating_model/cells/upside_2026q3_medical_realization:upside/valueNone1.048159583975377
/operating_model/cells/upside_2026q3_member_index:upside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/upside_2026q3_member_index:upside/caseNoneupside
/operating_model/cells/upside_2026q3_member_index:upside/formula/opNonedivide
/operating_model/cells/upside_2026q3_member_index:upside/formula/refs/0Noneupside_2026q3_average_members
/operating_model/cells/upside_2026q3_member_index:upside/formula/refs/1Noneq2_members
/operating_model/cells/upside_2026q3_member_index:upside/idNoneupside_2026q3_member_index
/operating_model/cells/upside_2026q3_member_index:upside/kindNonederived
/operating_model/cells/upside_2026q3_member_index:upside/labelNoneAverage member activity / June reference
/operating_model/cells/upside_2026q3_member_index:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_member_index:upside/unitNoneratio
/operating_model/cells/upside_2026q3_member_index:upside/valueNone1.0057367494183265
/operating_model/cells/upside_2026q3_mlr:upside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/upside_2026q3_mlr:upside/caseNoneupside
/operating_model/cells/upside_2026q3_mlr:upside/formula/opNonedivide
/operating_model/cells/upside_2026q3_mlr:upside/formula/refs/0Noneupside_2026q3_medical
/operating_model/cells/upside_2026q3_mlr:upside/formula/refs/1Noneupside_2026q3_premium
/operating_model/cells/upside_2026q3_mlr:upside/idNoneupside_2026q3_mlr
/operating_model/cells/upside_2026q3_mlr:upside/kindNonederived
/operating_model/cells/upside_2026q3_mlr:upside/labelNoneImplied medical loss ratio
/operating_model/cells/upside_2026q3_mlr:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_mlr:upside/unitNoneratio
/operating_model/cells/upside_2026q3_mlr:upside/valueNone0.8154943934760448
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/basisNoneNo separate reserve-income addback.
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/formula/refs/0Noneupside_2026q3_operating_income
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/formula/refs/1Noneupside_2026q3_sbc
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/formula/refs/2Noneupside_2026q3_da
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/formula/refs/3Noneupside_2026q3_premium_credit_loss
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/idNoneupside_2026q3_operating_cash_bridge
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/kindNonederived
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_operating_cash_bridge:upside/valueNone255.0
/operating_model/cells/upside_2026q3_operating_cost:upside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/upside_2026q3_operating_cost:upside/caseNoneupside
/operating_model/cells/upside_2026q3_operating_cost:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_operating_cost:upside/formula/refs/0Noneupside_2026q3_medical
/operating_model/cells/upside_2026q3_operating_cost:upside/formula/refs/1Noneupside_2026q3_sga
/operating_model/cells/upside_2026q3_operating_cost:upside/formula/refs/2Noneupside_2026q3_da
/operating_model/cells/upside_2026q3_operating_cost:upside/idNoneupside_2026q3_operating_cost
/operating_model/cells/upside_2026q3_operating_cost:upside/kindNonederived
/operating_model/cells/upside_2026q3_operating_cost:upside/labelNoneMedical SG&A and D&A
/operating_model/cells/upside_2026q3_operating_cost:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_operating_cost:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_operating_cost:upside/valueNone4797.0
/operating_model/cells/upside_2026q3_operating_income:upside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/upside_2026q3_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2026q3_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_operating_income:upside/formula/refs/0Noneupside_2026q3_revenue
/operating_model/cells/upside_2026q3_operating_income:upside/formula/refs/1Noneupside_2026q3_operating_cost
/operating_model/cells/upside_2026q3_operating_income:upside/idNoneupside_2026q3_operating_income
/operating_model/cells/upside_2026q3_operating_income:upside/kindNonederived
/operating_model/cells/upside_2026q3_operating_income:upside/labelNoneEarnings from operations
/operating_model/cells/upside_2026q3_operating_income:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_operating_income:upside/valueNone208.0
/operating_model/cells/upside_2026q3_other_operating_cash:upside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/upside_2026q3_other_operating_cash:upside/caseNoneupside
/operating_model/cells/upside_2026q3_other_operating_cash:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_other_operating_cash:upside/formula/refs/0Noneupside_2026q3_cash_interest
/operating_model/cells/upside_2026q3_other_operating_cash:upside/formula/refs/1Noneupside_2026q3_cash_tax
/operating_model/cells/upside_2026q3_other_operating_cash:upside/formula/refs/2Noneupside_2026q3_other_working_capital
/operating_model/cells/upside_2026q3_other_operating_cash:upside/idNoneupside_2026q3_other_operating_cash
/operating_model/cells/upside_2026q3_other_operating_cash:upside/kindNonederived
/operating_model/cells/upside_2026q3_other_operating_cash:upside/labelNoneInterest tax and other working capital uses
/operating_model/cells/upside_2026q3_other_operating_cash:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_other_operating_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_other_operating_cash:upside/valueNone76.7
/operating_model/cells/upside_2026q3_other_revenue:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_other_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q3_other_revenue:upside/idNoneupside_2026q3_other_revenue
/operating_model/cells/upside_2026q3_other_revenue:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_other_revenue:upside/labelNoneOther revenue
/operating_model/cells/upside_2026q3_other_revenue:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_other_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_other_revenue:upside/valueNone6.0
/operating_model/cells/upside_2026q3_other_working_capital:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_other_working_capital:upside/caseNoneupside
/operating_model/cells/upside_2026q3_other_working_capital:upside/idNoneupside_2026q3_other_working_capital
/operating_model/cells/upside_2026q3_other_working_capital:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_other_working_capital:upside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/upside_2026q3_other_working_capital:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_other_working_capital:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_other_working_capital:upside/valueNone65.0
/operating_model/cells/upside_2026q3_premium:upside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/upside_2026q3_premium:upside/caseNoneupside
/operating_model/cells/upside_2026q3_premium:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_premium:upside/formula/refs/0Noneupside_2026q3_direct_premiums
/operating_model/cells/upside_2026q3_premium:upside/formula/refs/1Noneupside_2026q3_premium_deductions
/operating_model/cells/upside_2026q3_premium:upside/idNoneupside_2026q3_premium
/operating_model/cells/upside_2026q3_premium:upside/kindNonederived
/operating_model/cells/upside_2026q3_premium:upside/labelNoneNet recognized premiums
/operating_model/cells/upside_2026q3_premium:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_premium:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_premium:upside/valueNone4905.0
/operating_model/cells/upside_2026q3_premium_credit_loss:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_premium_credit_loss:upside/caseNoneupside
/operating_model/cells/upside_2026q3_premium_credit_loss:upside/idNoneupside_2026q3_premium_credit_loss
/operating_model/cells/upside_2026q3_premium_credit_loss:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_premium_credit_loss:upside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/upside_2026q3_premium_credit_loss:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_premium_credit_loss:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_premium_credit_loss:upside/valueNone20.0
/operating_model/cells/upside_2026q3_premium_deductions:upside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/upside_2026q3_premium_deductions:upside/caseNoneupside
/operating_model/cells/upside_2026q3_premium_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_premium_deductions:upside/formula/refs/0Noneupside_2026q3_risk_transfer
/operating_model/cells/upside_2026q3_premium_deductions:upside/formula/refs/1Noneupside_2026q3_ceded_other
/operating_model/cells/upside_2026q3_premium_deductions:upside/idNoneupside_2026q3_premium_deductions
/operating_model/cells/upside_2026q3_premium_deductions:upside/kindNonederived
/operating_model/cells/upside_2026q3_premium_deductions:upside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/upside_2026q3_premium_deductions:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_premium_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_premium_deductions:upside/valueNone925.0
/operating_model/cells/upside_2026q3_premium_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_premium_realization:upside/caseNoneupside
/operating_model/cells/upside_2026q3_premium_realization:upside/idNoneupside_2026q3_premium_realization
/operating_model/cells/upside_2026q3_premium_realization:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_premium_realization:upside/labelNonePremium realization versus reference
/operating_model/cells/upside_2026q3_premium_realization:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_premium_realization:upside/unitNoneratio
/operating_model/cells/upside_2026q3_premium_realization:upside/valueNone1.022990776705905
/operating_model/cells/upside_2026q3_revenue:upside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/upside_2026q3_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q3_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_revenue:upside/formula/refs/0Noneupside_2026q3_premium
/operating_model/cells/upside_2026q3_revenue:upside/formula/refs/1Noneupside_2026q3_investment_income
/operating_model/cells/upside_2026q3_revenue:upside/formula/refs/2Noneupside_2026q3_other_revenue
/operating_model/cells/upside_2026q3_revenue:upside/idNoneupside_2026q3_revenue
/operating_model/cells/upside_2026q3_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q3_revenue:upside/labelNoneTotal revenue
/operating_model/cells/upside_2026q3_revenue:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_revenue:upside/valueNone5005.0
/operating_model/cells/upside_2026q3_risk_transfer:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_risk_transfer:upside/caseNoneupside
/operating_model/cells/upside_2026q3_risk_transfer:upside/idNoneupside_2026q3_risk_transfer
/operating_model/cells/upside_2026q3_risk_transfer:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_risk_transfer:upside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/upside_2026q3_risk_transfer:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_risk_transfer:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_risk_transfer:upside/valueNone920.0
/operating_model/cells/upside_2026q3_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_sbc:upside/caseNoneupside
/operating_model/cells/upside_2026q3_sbc:upside/idNoneupside_2026q3_sbc
/operating_model/cells/upside_2026q3_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_sbc:upside/labelNoneSBC cash-flow addback
/operating_model/cells/upside_2026q3_sbc:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_sbc:upside/valueNone20.0
/operating_model/cells/upside_2026q3_sga:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_sga:upside/caseNoneupside
/operating_model/cells/upside_2026q3_sga:upside/idNoneupside_2026q3_sga
/operating_model/cells/upside_2026q3_sga:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_sga:upside/labelNoneSG&A expense
/operating_model/cells/upside_2026q3_sga:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_sga:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_sga:upside/valueNone790.0
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/caseNoneupside
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/formula/refs/0Noneupside_2026q3_timing_neutral_cfo
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/formula/refs/1Noneupside_2026q3_capex
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/idNoneupside_2026q3_timing_neutral_cash
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/kindNonederived
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/labelNoneCash excluding specified float and capex
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_timing_neutral_cash:upside/valueNone166.3
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/formula/refs/0Noneupside_2026q3_operating_cash_bridge
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/formula/refs/1Noneupside_2026q3_other_operating_cash
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/idNoneupside_2026q3_timing_neutral_cfo
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/labelNoneCFO before specified float movements
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_timing_neutral_cfo:upside/valueNone178.3
/operating_model/cells/upside_2026q4_average_members:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_average_members:upside/caseNoneupside
/operating_model/cells/upside_2026q4_average_members:upside/idNoneupside_2026q4_average_members
/operating_model/cells/upside_2026q4_average_members:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_average_members:upside/labelNoneAverage member activity
/operating_model/cells/upside_2026q4_average_members:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_average_members:upside/unitNoneratio
/operating_model/cells/upside_2026q4_average_members:upside/valueNone2900000.0
/operating_model/cells/upside_2026q4_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_capex:upside/idNoneupside_2026q4_capex
/operating_model/cells/upside_2026q4_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_capex:upside/labelNoneCash PP&E and software
/operating_model/cells/upside_2026q4_capex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_capex:upside/valueNone13.0
/operating_model/cells/upside_2026q4_cash_after_capex:upside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/upside_2026q4_cash_after_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_after_capex:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_cash_after_capex:upside/formula/refs/0Noneupside_2026q4_cfo
/operating_model/cells/upside_2026q4_cash_after_capex:upside/formula/refs/1Noneupside_2026q4_capex
/operating_model/cells/upside_2026q4_cash_after_capex:upside/idNoneupside_2026q4_cash_after_capex
/operating_model/cells/upside_2026q4_cash_after_capex:upside/kindNonederived
/operating_model/cells/upside_2026q4_cash_after_capex:upside/labelNoneCFO less cash capex
/operating_model/cells/upside_2026q4_cash_after_capex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_after_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_after_capex:upside/valueNone918.3000000000009
/operating_model/cells/upside_2026q4_cash_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_interest:upside/idNoneupside_2026q4_cash_interest
/operating_model/cells/upside_2026q4_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_cash_interest:upside/labelNoneCorporate cash interest
/operating_model/cells/upside_2026q4_cash_interest:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_interest:upside/valueNone3.7
/operating_model/cells/upside_2026q4_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_tax:upside/idNoneupside_2026q4_cash_tax
/operating_model/cells/upside_2026q4_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2026q4_cash_tax:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_tax:upside/valueNone10.0
/operating_model/cells/upside_2026q4_ceded_other:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_ceded_other:upside/caseNoneupside
/operating_model/cells/upside_2026q4_ceded_other:upside/idNoneupside_2026q4_ceded_other
/operating_model/cells/upside_2026q4_ceded_other:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_ceded_other:upside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/upside_2026q4_ceded_other:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_ceded_other:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_ceded_other:upside/valueNone5.0
/operating_model/cells/upside_2026q4_cfo:upside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/upside_2026q4_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/0Noneupside_2026q4_timing_neutral_cfo
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/1Noneupside_2026q4_cms_flow
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/2Noneupside_2026q4_claims_float
/operating_model/cells/upside_2026q4_cfo:upside/idNoneupside_2026q4_cfo
/operating_model/cells/upside_2026q4_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q4_cfo:upside/labelNoneConsolidated operating cash flow
/operating_model/cells/upside_2026q4_cfo:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cfo:upside/valueNone931.3000000000009
/operating_model/cells/upside_2026q4_claims_float:upside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/upside_2026q4_claims_float:upside/caseNoneupside
/operating_model/cells/upside_2026q4_claims_float:upside/idNoneupside_2026q4_claims_float
/operating_model/cells/upside_2026q4_claims_float:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_claims_float:upside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/upside_2026q4_claims_float:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_claims_float:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_claims_float:upside/valueNone135.0
/operating_model/cells/upside_2026q4_cms_flow:upside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/upside_2026q4_cms_flow:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cms_flow:upside/idNoneupside_2026q4_cms_flow
/operating_model/cells/upside_2026q4_cms_flow:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_cms_flow:upside/labelNoneNet CMS cash-timing change
/operating_model/cells/upside_2026q4_cms_flow:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cms_flow:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cms_flow:upside/valueNone1000.0
/operating_model/cells/upside_2026q4_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_da:upside/caseNoneupside
/operating_model/cells/upside_2026q4_da:upside/idNoneupside_2026q4_da
/operating_model/cells/upside_2026q4_da:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_da:upside/labelNoneOperating depreciation and amortization
/operating_model/cells/upside_2026q4_da:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_da:upside/valueNone7.0
/operating_model/cells/upside_2026q4_direct_premiums:upside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/upside_2026q4_direct_premiums:upside/caseNoneupside
/operating_model/cells/upside_2026q4_direct_premiums:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_direct_premiums:upside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/upside_2026q4_direct_premiums:upside/formula/refs/1Noneupside_2026q4_member_index
/operating_model/cells/upside_2026q4_direct_premiums:upside/formula/refs/2Noneupside_2026q4_premium_realization
/operating_model/cells/upside_2026q4_direct_premiums:upside/idNoneupside_2026q4_direct_premiums
/operating_model/cells/upside_2026q4_direct_premiums:upside/kindNonederived
/operating_model/cells/upside_2026q4_direct_premiums:upside/labelNoneDirect policy premiums
/operating_model/cells/upside_2026q4_direct_premiums:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_direct_premiums:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_direct_premiums:upside/valueNone5710.000000000001
/operating_model/cells/upside_2026q4_investment_income:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_investment_income:upside/caseNoneupside
/operating_model/cells/upside_2026q4_investment_income:upside/idNoneupside_2026q4_investment_income
/operating_model/cells/upside_2026q4_investment_income:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_investment_income:upside/labelNoneInvestment income
/operating_model/cells/upside_2026q4_investment_income:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_investment_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_investment_income:upside/valueNone100.0
/operating_model/cells/upside_2026q4_medical:upside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/upside_2026q4_medical:upside/caseNoneupside
/operating_model/cells/upside_2026q4_medical:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_medical:upside/formula/refs/0Noneq2_medical
/operating_model/cells/upside_2026q4_medical:upside/formula/refs/1Noneupside_2026q4_member_index
/operating_model/cells/upside_2026q4_medical:upside/formula/refs/2Noneupside_2026q4_medical_realization
/operating_model/cells/upside_2026q4_medical:upside/idNoneupside_2026q4_medical
/operating_model/cells/upside_2026q4_medical:upside/kindNonederived
/operating_model/cells/upside_2026q4_medical:upside/labelNoneMedical costs
/operating_model/cells/upside_2026q4_medical:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_medical:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_medical:upside/valueNone4170.0
/operating_model/cells/upside_2026q4_medical_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_medical_realization:upside/caseNoneupside
/operating_model/cells/upside_2026q4_medical_realization:upside/idNoneupside_2026q4_medical_realization
/operating_model/cells/upside_2026q4_medical_realization:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_medical_realization:upside/labelNoneMedical cost per member versus reference
/operating_model/cells/upside_2026q4_medical_realization:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_medical_realization:upside/unitNoneratio
/operating_model/cells/upside_2026q4_medical_realization:upside/valueNone1.1228499901921052
/operating_model/cells/upside_2026q4_member_index:upside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/upside_2026q4_member_index:upside/caseNoneupside
/operating_model/cells/upside_2026q4_member_index:upside/formula/opNonedivide
/operating_model/cells/upside_2026q4_member_index:upside/formula/refs/0Noneupside_2026q4_average_members
/operating_model/cells/upside_2026q4_member_index:upside/formula/refs/1Noneq2_members
/operating_model/cells/upside_2026q4_member_index:upside/idNoneupside_2026q4_member_index
/operating_model/cells/upside_2026q4_member_index:upside/kindNonederived
/operating_model/cells/upside_2026q4_member_index:upside/labelNoneAverage member activity / June reference
/operating_model/cells/upside_2026q4_member_index:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_member_index:upside/unitNoneratio
/operating_model/cells/upside_2026q4_member_index:upside/valueNone0.9787371051386398
/operating_model/cells/upside_2026q4_mlr:upside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/upside_2026q4_mlr:upside/caseNoneupside
/operating_model/cells/upside_2026q4_mlr:upside/formula/opNonedivide
/operating_model/cells/upside_2026q4_mlr:upside/formula/refs/0Noneupside_2026q4_medical
/operating_model/cells/upside_2026q4_mlr:upside/formula/refs/1Noneupside_2026q4_premium
/operating_model/cells/upside_2026q4_mlr:upside/idNoneupside_2026q4_mlr
/operating_model/cells/upside_2026q4_mlr:upside/kindNonederived
/operating_model/cells/upside_2026q4_mlr:upside/labelNoneImplied medical loss ratio
/operating_model/cells/upside_2026q4_mlr:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_mlr:upside/unitNoneratio
/operating_model/cells/upside_2026q4_mlr:upside/valueNone0.8862911795961741
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/basisNoneNo separate reserve-income addback.
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/formula/refs/0Noneupside_2026q4_operating_income
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/formula/refs/1Noneupside_2026q4_sbc
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/formula/refs/2Noneupside_2026q4_da
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/formula/refs/3Noneupside_2026q4_premium_credit_loss
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/idNoneupside_2026q4_operating_cash_bridge
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/kindNonederived
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_operating_cash_bridge:upside/valueNone-119.99999999999909
/operating_model/cells/upside_2026q4_operating_cost:upside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/upside_2026q4_operating_cost:upside/caseNoneupside
/operating_model/cells/upside_2026q4_operating_cost:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_operating_cost:upside/formula/refs/0Noneupside_2026q4_medical
/operating_model/cells/upside_2026q4_operating_cost:upside/formula/refs/1Noneupside_2026q4_sga
/operating_model/cells/upside_2026q4_operating_cost:upside/formula/refs/2Noneupside_2026q4_da
/operating_model/cells/upside_2026q4_operating_cost:upside/idNoneupside_2026q4_operating_cost
/operating_model/cells/upside_2026q4_operating_cost:upside/kindNonederived
/operating_model/cells/upside_2026q4_operating_cost:upside/labelNoneMedical SG&A and D&A
/operating_model/cells/upside_2026q4_operating_cost:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_operating_cost:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_operating_cost:upside/valueNone4982.0
/operating_model/cells/upside_2026q4_operating_income:upside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/upside_2026q4_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2026q4_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/0Noneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/1Noneupside_2026q4_operating_cost
/operating_model/cells/upside_2026q4_operating_income:upside/idNoneupside_2026q4_operating_income
/operating_model/cells/upside_2026q4_operating_income:upside/kindNonederived
/operating_model/cells/upside_2026q4_operating_income:upside/labelNoneEarnings from operations
/operating_model/cells/upside_2026q4_operating_income:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_operating_income:upside/valueNone-170.9999999999991
/operating_model/cells/upside_2026q4_other_operating_cash:upside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/upside_2026q4_other_operating_cash:upside/caseNoneupside
/operating_model/cells/upside_2026q4_other_operating_cash:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_other_operating_cash:upside/formula/refs/0Noneupside_2026q4_cash_interest
/operating_model/cells/upside_2026q4_other_operating_cash:upside/formula/refs/1Noneupside_2026q4_cash_tax
/operating_model/cells/upside_2026q4_other_operating_cash:upside/formula/refs/2Noneupside_2026q4_other_working_capital
/operating_model/cells/upside_2026q4_other_operating_cash:upside/idNoneupside_2026q4_other_operating_cash
/operating_model/cells/upside_2026q4_other_operating_cash:upside/kindNonederived
/operating_model/cells/upside_2026q4_other_operating_cash:upside/labelNoneInterest tax and other working capital uses
/operating_model/cells/upside_2026q4_other_operating_cash:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_other_operating_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_other_operating_cash:upside/valueNone83.7
/operating_model/cells/upside_2026q4_other_revenue:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_other_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q4_other_revenue:upside/idNoneupside_2026q4_other_revenue
/operating_model/cells/upside_2026q4_other_revenue:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_other_revenue:upside/labelNoneOther revenue
/operating_model/cells/upside_2026q4_other_revenue:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_other_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_other_revenue:upside/valueNone6.0
/operating_model/cells/upside_2026q4_other_working_capital:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_other_working_capital:upside/caseNoneupside
/operating_model/cells/upside_2026q4_other_working_capital:upside/idNoneupside_2026q4_other_working_capital
/operating_model/cells/upside_2026q4_other_working_capital:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_other_working_capital:upside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/upside_2026q4_other_working_capital:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_other_working_capital:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_other_working_capital:upside/valueNone70.0
/operating_model/cells/upside_2026q4_premium:upside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/upside_2026q4_premium:upside/caseNoneupside
/operating_model/cells/upside_2026q4_premium:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_premium:upside/formula/refs/0Noneupside_2026q4_direct_premiums
/operating_model/cells/upside_2026q4_premium:upside/formula/refs/1Noneupside_2026q4_premium_deductions
/operating_model/cells/upside_2026q4_premium:upside/idNoneupside_2026q4_premium
/operating_model/cells/upside_2026q4_premium:upside/kindNonederived
/operating_model/cells/upside_2026q4_premium:upside/labelNoneNet recognized premiums
/operating_model/cells/upside_2026q4_premium:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_premium:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_premium:upside/valueNone4705.000000000001
/operating_model/cells/upside_2026q4_premium_credit_loss:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_premium_credit_loss:upside/caseNoneupside
/operating_model/cells/upside_2026q4_premium_credit_loss:upside/idNoneupside_2026q4_premium_credit_loss
/operating_model/cells/upside_2026q4_premium_credit_loss:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_premium_credit_loss:upside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/upside_2026q4_premium_credit_loss:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_premium_credit_loss:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_premium_credit_loss:upside/valueNone22.0
/operating_model/cells/upside_2026q4_premium_deductions:upside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/upside_2026q4_premium_deductions:upside/caseNoneupside
/operating_model/cells/upside_2026q4_premium_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_premium_deductions:upside/formula/refs/0Noneupside_2026q4_risk_transfer
/operating_model/cells/upside_2026q4_premium_deductions:upside/formula/refs/1Noneupside_2026q4_ceded_other
/operating_model/cells/upside_2026q4_premium_deductions:upside/idNoneupside_2026q4_premium_deductions
/operating_model/cells/upside_2026q4_premium_deductions:upside/kindNonederived
/operating_model/cells/upside_2026q4_premium_deductions:upside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/upside_2026q4_premium_deductions:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_premium_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_premium_deductions:upside/valueNone1005.0
/operating_model/cells/upside_2026q4_premium_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_premium_realization:upside/caseNoneupside
/operating_model/cells/upside_2026q4_premium_realization:upside/idNoneupside_2026q4_premium_realization
/operating_model/cells/upside_2026q4_premium_realization:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_premium_realization:upside/labelNonePremium realization versus reference
/operating_model/cells/upside_2026q4_premium_realization:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_premium_realization:upside/unitNoneratio
/operating_model/cells/upside_2026q4_premium_realization:upside/valueNone1.0295739314054735
/operating_model/cells/upside_2026q4_revenue:upside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/upside_2026q4_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q4_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/0Noneupside_2026q4_premium
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/1Noneupside_2026q4_investment_income
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/2Noneupside_2026q4_other_revenue
/operating_model/cells/upside_2026q4_revenue:upside/idNoneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q4_revenue:upside/labelNoneTotal revenue
/operating_model/cells/upside_2026q4_revenue:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_revenue:upside/valueNone4811.000000000001
/operating_model/cells/upside_2026q4_risk_transfer:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_risk_transfer:upside/caseNoneupside
/operating_model/cells/upside_2026q4_risk_transfer:upside/idNoneupside_2026q4_risk_transfer
/operating_model/cells/upside_2026q4_risk_transfer:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_risk_transfer:upside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/upside_2026q4_risk_transfer:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_risk_transfer:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_risk_transfer:upside/valueNone1000.0
/operating_model/cells/upside_2026q4_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_sbc:upside/caseNoneupside
/operating_model/cells/upside_2026q4_sbc:upside/idNoneupside_2026q4_sbc
/operating_model/cells/upside_2026q4_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_sbc:upside/labelNoneSBC cash-flow addback
/operating_model/cells/upside_2026q4_sbc:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_sbc:upside/valueNone22.0
/operating_model/cells/upside_2026q4_sga:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_sga:upside/caseNoneupside
/operating_model/cells/upside_2026q4_sga:upside/idNoneupside_2026q4_sga
/operating_model/cells/upside_2026q4_sga:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_sga:upside/labelNoneSG&A expense
/operating_model/cells/upside_2026q4_sga:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_sga:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_sga:upside/valueNone805.0
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/caseNoneupside
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/formula/refs/0Noneupside_2026q4_timing_neutral_cfo
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/formula/refs/1Noneupside_2026q4_capex
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/idNoneupside_2026q4_timing_neutral_cash
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/kindNonederived
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/labelNoneCash excluding specified float and capex
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_timing_neutral_cash:upside/valueNone-216.69999999999908
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/formula/refs/0Noneupside_2026q4_operating_cash_bridge
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/formula/refs/1Noneupside_2026q4_other_operating_cash
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/idNoneupside_2026q4_timing_neutral_cfo
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/labelNoneCFO before specified float movements
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_timing_neutral_cfo:upside/valueNone-203.69999999999908
/operating_model/cells/upside_2027q1_average_members:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_average_members:upside/caseNoneupside
/operating_model/cells/upside_2027q1_average_members:upside/idNoneupside_2027q1_average_members
/operating_model/cells/upside_2027q1_average_members:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_average_members:upside/labelNoneAverage member activity
/operating_model/cells/upside_2027q1_average_members:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_average_members:upside/unitNoneratio
/operating_model/cells/upside_2027q1_average_members:upside/valueNone3650000.0
/operating_model/cells/upside_2027q1_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_capex:upside/idNoneupside_2027q1_capex
/operating_model/cells/upside_2027q1_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_capex:upside/labelNoneCash PP&E and software
/operating_model/cells/upside_2027q1_capex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_capex:upside/valueNone14.0
/operating_model/cells/upside_2027q1_cash_after_capex:upside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/upside_2027q1_cash_after_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_after_capex:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_cash_after_capex:upside/formula/refs/0Noneupside_2027q1_cfo
/operating_model/cells/upside_2027q1_cash_after_capex:upside/formula/refs/1Noneupside_2027q1_capex
/operating_model/cells/upside_2027q1_cash_after_capex:upside/idNoneupside_2027q1_cash_after_capex
/operating_model/cells/upside_2027q1_cash_after_capex:upside/kindNonederived
/operating_model/cells/upside_2027q1_cash_after_capex:upside/labelNoneCFO less cash capex
/operating_model/cells/upside_2027q1_cash_after_capex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_after_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_after_capex:upside/valueNone2444.3
/operating_model/cells/upside_2027q1_cash_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_interest:upside/idNoneupside_2027q1_cash_interest
/operating_model/cells/upside_2027q1_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cash_interest:upside/labelNoneCorporate cash interest
/operating_model/cells/upside_2027q1_cash_interest:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_interest:upside/valueNone3.7
/operating_model/cells/upside_2027q1_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_tax:upside/idNoneupside_2027q1_cash_tax
/operating_model/cells/upside_2027q1_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2027q1_cash_tax:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_tax:upside/valueNone12.0
/operating_model/cells/upside_2027q1_ceded_other:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_ceded_other:upside/caseNoneupside
/operating_model/cells/upside_2027q1_ceded_other:upside/idNoneupside_2027q1_ceded_other
/operating_model/cells/upside_2027q1_ceded_other:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_ceded_other:upside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/upside_2027q1_ceded_other:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_ceded_other:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_ceded_other:upside/valueNone5.0
/operating_model/cells/upside_2027q1_cfo:upside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/upside_2027q1_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/0Noneupside_2027q1_timing_neutral_cfo
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/1Noneupside_2027q1_cms_flow
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/2Noneupside_2027q1_claims_float
/operating_model/cells/upside_2027q1_cfo:upside/idNoneupside_2027q1_cfo
/operating_model/cells/upside_2027q1_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q1_cfo:upside/labelNoneConsolidated operating cash flow
/operating_model/cells/upside_2027q1_cfo:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cfo:upside/valueNone2458.3
/operating_model/cells/upside_2027q1_claims_float:upside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/upside_2027q1_claims_float:upside/caseNoneupside
/operating_model/cells/upside_2027q1_claims_float:upside/idNoneupside_2027q1_claims_float
/operating_model/cells/upside_2027q1_claims_float:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_claims_float:upside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/upside_2027q1_claims_float:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_claims_float:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_claims_float:upside/valueNone150.0
/operating_model/cells/upside_2027q1_cms_flow:upside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/upside_2027q1_cms_flow:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cms_flow:upside/idNoneupside_2027q1_cms_flow
/operating_model/cells/upside_2027q1_cms_flow:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cms_flow:upside/labelNoneNet CMS cash-timing change
/operating_model/cells/upside_2027q1_cms_flow:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cms_flow:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cms_flow:upside/valueNone1600.0
/operating_model/cells/upside_2027q1_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_da:upside/caseNoneupside
/operating_model/cells/upside_2027q1_da:upside/idNoneupside_2027q1_da
/operating_model/cells/upside_2027q1_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_da:upside/labelNoneOperating depreciation and amortization
/operating_model/cells/upside_2027q1_da:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_da:upside/valueNone7.5
/operating_model/cells/upside_2027q1_direct_premiums:upside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/upside_2027q1_direct_premiums:upside/caseNoneupside
/operating_model/cells/upside_2027q1_direct_premiums:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_direct_premiums:upside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/upside_2027q1_direct_premiums:upside/formula/refs/1Noneupside_2027q1_member_index
/operating_model/cells/upside_2027q1_direct_premiums:upside/formula/refs/2Noneupside_2027q1_premium_realization
/operating_model/cells/upside_2027q1_direct_premiums:upside/idNoneupside_2027q1_direct_premiums
/operating_model/cells/upside_2027q1_direct_premiums:upside/kindNonederived
/operating_model/cells/upside_2027q1_direct_premiums:upside/labelNoneDirect policy premiums
/operating_model/cells/upside_2027q1_direct_premiums:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_direct_premiums:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_direct_premiums:upside/valueNone7190.0
/operating_model/cells/upside_2027q1_investment_income:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_investment_income:upside/caseNoneupside
/operating_model/cells/upside_2027q1_investment_income:upside/idNoneupside_2027q1_investment_income
/operating_model/cells/upside_2027q1_investment_income:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_investment_income:upside/labelNoneInvestment income
/operating_model/cells/upside_2027q1_investment_income:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_investment_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_investment_income:upside/valueNone104.0
/operating_model/cells/upside_2027q1_medical:upside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/upside_2027q1_medical:upside/caseNoneupside
/operating_model/cells/upside_2027q1_medical:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_medical:upside/formula/refs/0Noneq2_medical
/operating_model/cells/upside_2027q1_medical:upside/formula/refs/1Noneupside_2027q1_member_index
/operating_model/cells/upside_2027q1_medical:upside/formula/refs/2Noneupside_2027q1_medical_realization
/operating_model/cells/upside_2027q1_medical:upside/idNoneupside_2027q1_medical
/operating_model/cells/upside_2027q1_medical:upside/kindNonederived
/operating_model/cells/upside_2027q1_medical:upside/labelNoneMedical costs
/operating_model/cells/upside_2027q1_medical:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_medical:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_medical:upside/valueNone4410.0
/operating_model/cells/upside_2027q1_medical_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_medical_realization:upside/caseNoneupside
/operating_model/cells/upside_2027q1_medical_realization:upside/idNoneupside_2027q1_medical_realization
/operating_model/cells/upside_2027q1_medical_realization:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_medical_realization:upside/labelNoneMedical cost per member versus reference
/operating_model/cells/upside_2027q1_medical_realization:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_medical_realization:upside/unitNoneratio
/operating_model/cells/upside_2027q1_medical_realization:upside/valueNone0.943472850732028
/operating_model/cells/upside_2027q1_member_index:upside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/upside_2027q1_member_index:upside/caseNoneupside
/operating_model/cells/upside_2027q1_member_index:upside/formula/opNonedivide
/operating_model/cells/upside_2027q1_member_index:upside/formula/refs/0Noneupside_2027q1_average_members
/operating_model/cells/upside_2027q1_member_index:upside/formula/refs/1Noneq2_members
/operating_model/cells/upside_2027q1_member_index:upside/idNoneupside_2027q1_member_index
/operating_model/cells/upside_2027q1_member_index:upside/kindNonederived
/operating_model/cells/upside_2027q1_member_index:upside/labelNoneAverage member activity / June reference
/operating_model/cells/upside_2027q1_member_index:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_member_index:upside/unitNoneratio
/operating_model/cells/upside_2027q1_member_index:upside/valueNone1.2318587702607018
/operating_model/cells/upside_2027q1_mlr:upside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/upside_2027q1_mlr:upside/caseNoneupside
/operating_model/cells/upside_2027q1_mlr:upside/formula/opNonedivide
/operating_model/cells/upside_2027q1_mlr:upside/formula/refs/0Noneupside_2027q1_medical
/operating_model/cells/upside_2027q1_mlr:upside/formula/refs/1Noneupside_2027q1_premium
/operating_model/cells/upside_2027q1_mlr:upside/idNoneupside_2027q1_mlr
/operating_model/cells/upside_2027q1_mlr:upside/kindNonederived
/operating_model/cells/upside_2027q1_mlr:upside/labelNoneImplied medical loss ratio
/operating_model/cells/upside_2027q1_mlr:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_mlr:upside/unitNoneratio
/operating_model/cells/upside_2027q1_mlr:upside/valueNone0.7380753138075313
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/basisNoneNo separate reserve-income addback.
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/formula/refs/0Noneupside_2027q1_operating_income
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/formula/refs/1Noneupside_2027q1_sbc
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/formula/refs/2Noneupside_2027q1_da
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/formula/refs/3Noneupside_2027q1_premium_credit_loss
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/idNoneupside_2027q1_operating_cash_bridge
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/kindNonederived
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_operating_cash_bridge:upside/valueNone799.0
/operating_model/cells/upside_2027q1_operating_cost:upside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/upside_2027q1_operating_cost:upside/caseNoneupside
/operating_model/cells/upside_2027q1_operating_cost:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_operating_cost:upside/formula/refs/0Noneupside_2027q1_medical
/operating_model/cells/upside_2027q1_operating_cost:upside/formula/refs/1Noneupside_2027q1_sga
/operating_model/cells/upside_2027q1_operating_cost:upside/formula/refs/2Noneupside_2027q1_da
/operating_model/cells/upside_2027q1_operating_cost:upside/idNoneupside_2027q1_operating_cost
/operating_model/cells/upside_2027q1_operating_cost:upside/kindNonederived
/operating_model/cells/upside_2027q1_operating_cost:upside/labelNoneMedical SG&A and D&A
/operating_model/cells/upside_2027q1_operating_cost:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_operating_cost:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_operating_cost:upside/valueNone5342.5
/operating_model/cells/upside_2027q1_operating_income:upside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/upside_2027q1_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q1_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/1Noneupside_2027q1_operating_cost
/operating_model/cells/upside_2027q1_operating_income:upside/idNoneupside_2027q1_operating_income
/operating_model/cells/upside_2027q1_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q1_operating_income:upside/labelNoneEarnings from operations
/operating_model/cells/upside_2027q1_operating_income:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_operating_income:upside/valueNone743.5
/operating_model/cells/upside_2027q1_other_operating_cash:upside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/upside_2027q1_other_operating_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q1_other_operating_cash:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_other_operating_cash:upside/formula/refs/0Noneupside_2027q1_cash_interest
/operating_model/cells/upside_2027q1_other_operating_cash:upside/formula/refs/1Noneupside_2027q1_cash_tax
/operating_model/cells/upside_2027q1_other_operating_cash:upside/formula/refs/2Noneupside_2027q1_other_working_capital
/operating_model/cells/upside_2027q1_other_operating_cash:upside/idNoneupside_2027q1_other_operating_cash
/operating_model/cells/upside_2027q1_other_operating_cash:upside/kindNonederived
/operating_model/cells/upside_2027q1_other_operating_cash:upside/labelNoneInterest tax and other working capital uses
/operating_model/cells/upside_2027q1_other_operating_cash:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_other_operating_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_other_operating_cash:upside/valueNone90.7
/operating_model/cells/upside_2027q1_other_revenue:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_other_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q1_other_revenue:upside/idNoneupside_2027q1_other_revenue
/operating_model/cells/upside_2027q1_other_revenue:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_other_revenue:upside/labelNoneOther revenue
/operating_model/cells/upside_2027q1_other_revenue:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_other_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_other_revenue:upside/valueNone7.0
/operating_model/cells/upside_2027q1_other_working_capital:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_other_working_capital:upside/caseNoneupside
/operating_model/cells/upside_2027q1_other_working_capital:upside/idNoneupside_2027q1_other_working_capital
/operating_model/cells/upside_2027q1_other_working_capital:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_other_working_capital:upside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/upside_2027q1_other_working_capital:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_other_working_capital:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_other_working_capital:upside/valueNone75.0
/operating_model/cells/upside_2027q1_premium:upside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/upside_2027q1_premium:upside/caseNoneupside
/operating_model/cells/upside_2027q1_premium:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_premium:upside/formula/refs/0Noneupside_2027q1_direct_premiums
/operating_model/cells/upside_2027q1_premium:upside/formula/refs/1Noneupside_2027q1_premium_deductions
/operating_model/cells/upside_2027q1_premium:upside/idNoneupside_2027q1_premium
/operating_model/cells/upside_2027q1_premium:upside/kindNonederived
/operating_model/cells/upside_2027q1_premium:upside/labelNoneNet recognized premiums
/operating_model/cells/upside_2027q1_premium:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_premium:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_premium:upside/valueNone5975.0
/operating_model/cells/upside_2027q1_premium_credit_loss:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_premium_credit_loss:upside/caseNoneupside
/operating_model/cells/upside_2027q1_premium_credit_loss:upside/idNoneupside_2027q1_premium_credit_loss
/operating_model/cells/upside_2027q1_premium_credit_loss:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_premium_credit_loss:upside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/upside_2027q1_premium_credit_loss:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_premium_credit_loss:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_premium_credit_loss:upside/valueNone24.0
/operating_model/cells/upside_2027q1_premium_deductions:upside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/upside_2027q1_premium_deductions:upside/caseNoneupside
/operating_model/cells/upside_2027q1_premium_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_premium_deductions:upside/formula/refs/0Noneupside_2027q1_risk_transfer
/operating_model/cells/upside_2027q1_premium_deductions:upside/formula/refs/1Noneupside_2027q1_ceded_other
/operating_model/cells/upside_2027q1_premium_deductions:upside/idNoneupside_2027q1_premium_deductions
/operating_model/cells/upside_2027q1_premium_deductions:upside/kindNonederived
/operating_model/cells/upside_2027q1_premium_deductions:upside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/upside_2027q1_premium_deductions:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_premium_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_premium_deductions:upside/valueNone1215.0
/operating_model/cells/upside_2027q1_premium_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_premium_realization:upside/caseNoneupside
/operating_model/cells/upside_2027q1_premium_realization:upside/idNoneupside_2027q1_premium_realization
/operating_model/cells/upside_2027q1_premium_realization:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_premium_realization:upside/labelNonePremium realization versus reference
/operating_model/cells/upside_2027q1_premium_realization:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_premium_realization:upside/unitNoneratio
/operating_model/cells/upside_2027q1_premium_realization:upside/valueNone1.0300432331519096
/operating_model/cells/upside_2027q1_revenue:upside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/upside_2027q1_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q1_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/0Noneupside_2027q1_premium
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/1Noneupside_2027q1_investment_income
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/2Noneupside_2027q1_other_revenue
/operating_model/cells/upside_2027q1_revenue:upside/idNoneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q1_revenue:upside/labelNoneTotal revenue
/operating_model/cells/upside_2027q1_revenue:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_revenue:upside/valueNone6086.0
/operating_model/cells/upside_2027q1_risk_transfer:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_risk_transfer:upside/caseNoneupside
/operating_model/cells/upside_2027q1_risk_transfer:upside/idNoneupside_2027q1_risk_transfer
/operating_model/cells/upside_2027q1_risk_transfer:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_risk_transfer:upside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/upside_2027q1_risk_transfer:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_risk_transfer:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_risk_transfer:upside/valueNone1210.0
/operating_model/cells/upside_2027q1_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q1_sbc:upside/idNoneupside_2027q1_sbc
/operating_model/cells/upside_2027q1_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_sbc:upside/labelNoneSBC cash-flow addback
/operating_model/cells/upside_2027q1_sbc:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_sbc:upside/valueNone24.0
/operating_model/cells/upside_2027q1_sga:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_sga:upside/caseNoneupside
/operating_model/cells/upside_2027q1_sga:upside/idNoneupside_2027q1_sga
/operating_model/cells/upside_2027q1_sga:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_sga:upside/labelNoneSG&A expense
/operating_model/cells/upside_2027q1_sga:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_sga:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_sga:upside/valueNone925.0
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/formula/refs/0Noneupside_2027q1_timing_neutral_cfo
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/formula/refs/1Noneupside_2027q1_capex
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/idNoneupside_2027q1_timing_neutral_cash
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/kindNonederived
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/labelNoneCash excluding specified float and capex
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_timing_neutral_cash:upside/valueNone694.3
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/formula/refs/0Noneupside_2027q1_operating_cash_bridge
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/formula/refs/1Noneupside_2027q1_other_operating_cash
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/idNoneupside_2027q1_timing_neutral_cfo
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/labelNoneCFO before specified float movements
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_timing_neutral_cfo:upside/valueNone708.3
/operating_model/cells/upside_2027q2_average_members:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_average_members:upside/caseNoneupside
/operating_model/cells/upside_2027q2_average_members:upside/idNoneupside_2027q2_average_members
/operating_model/cells/upside_2027q2_average_members:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_average_members:upside/labelNoneAverage member activity
/operating_model/cells/upside_2027q2_average_members:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_average_members:upside/unitNoneratio
/operating_model/cells/upside_2027q2_average_members:upside/valueNone3560000.0
/operating_model/cells/upside_2027q2_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_capex:upside/idNoneupside_2027q2_capex
/operating_model/cells/upside_2027q2_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_capex:upside/labelNoneCash PP&E and software
/operating_model/cells/upside_2027q2_capex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_capex:upside/valueNone15.0
/operating_model/cells/upside_2027q2_cash_after_capex:upside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/upside_2027q2_cash_after_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_after_capex:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_cash_after_capex:upside/formula/refs/0Noneupside_2027q2_cfo
/operating_model/cells/upside_2027q2_cash_after_capex:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_2027q2_cash_after_capex:upside/idNoneupside_2027q2_cash_after_capex
/operating_model/cells/upside_2027q2_cash_after_capex:upside/kindNonederived
/operating_model/cells/upside_2027q2_cash_after_capex:upside/labelNoneCFO less cash capex
/operating_model/cells/upside_2027q2_cash_after_capex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_after_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_after_capex:upside/valueNone1904.8
/operating_model/cells/upside_2027q2_cash_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_interest:upside/idNoneupside_2027q2_cash_interest
/operating_model/cells/upside_2027q2_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cash_interest:upside/labelNoneCorporate cash interest
/operating_model/cells/upside_2027q2_cash_interest:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_interest:upside/valueNone3.7
/operating_model/cells/upside_2027q2_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_tax:upside/idNoneupside_2027q2_cash_tax
/operating_model/cells/upside_2027q2_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2027q2_cash_tax:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_tax:upside/valueNone14.0
/operating_model/cells/upside_2027q2_ceded_other:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_ceded_other:upside/caseNoneupside
/operating_model/cells/upside_2027q2_ceded_other:upside/idNoneupside_2027q2_ceded_other
/operating_model/cells/upside_2027q2_ceded_other:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_ceded_other:upside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/upside_2027q2_ceded_other:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_ceded_other:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_ceded_other:upside/valueNone5.0
/operating_model/cells/upside_2027q2_cfo:upside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/upside_2027q2_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/0Noneupside_2027q2_timing_neutral_cfo
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/1Noneupside_2027q2_cms_flow
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/2Noneupside_2027q2_claims_float
/operating_model/cells/upside_2027q2_cfo:upside/idNoneupside_2027q2_cfo
/operating_model/cells/upside_2027q2_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q2_cfo:upside/labelNoneConsolidated operating cash flow
/operating_model/cells/upside_2027q2_cfo:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cfo:upside/valueNone1919.8
/operating_model/cells/upside_2027q2_claims_float:upside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/upside_2027q2_claims_float:upside/caseNoneupside
/operating_model/cells/upside_2027q2_claims_float:upside/idNoneupside_2027q2_claims_float
/operating_model/cells/upside_2027q2_claims_float:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_claims_float:upside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/upside_2027q2_claims_float:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_claims_float:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_claims_float:upside/valueNone165.0
/operating_model/cells/upside_2027q2_cms_flow:upside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/upside_2027q2_cms_flow:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cms_flow:upside/idNoneupside_2027q2_cms_flow
/operating_model/cells/upside_2027q2_cms_flow:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cms_flow:upside/labelNoneNet CMS cash-timing change
/operating_model/cells/upside_2027q2_cms_flow:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cms_flow:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cms_flow:upside/valueNone1300.0
/operating_model/cells/upside_2027q2_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_da:upside/caseNoneupside
/operating_model/cells/upside_2027q2_da:upside/idNoneupside_2027q2_da
/operating_model/cells/upside_2027q2_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_da:upside/labelNoneOperating depreciation and amortization
/operating_model/cells/upside_2027q2_da:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_da:upside/valueNone8.0
/operating_model/cells/upside_2027q2_direct_premiums:upside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/upside_2027q2_direct_premiums:upside/caseNoneupside
/operating_model/cells/upside_2027q2_direct_premiums:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_direct_premiums:upside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/upside_2027q2_direct_premiums:upside/formula/refs/1Noneupside_2027q2_member_index
/operating_model/cells/upside_2027q2_direct_premiums:upside/formula/refs/2Noneupside_2027q2_premium_realization
/operating_model/cells/upside_2027q2_direct_premiums:upside/idNoneupside_2027q2_direct_premiums
/operating_model/cells/upside_2027q2_direct_premiums:upside/kindNonederived
/operating_model/cells/upside_2027q2_direct_premiums:upside/labelNoneDirect policy premiums
/operating_model/cells/upside_2027q2_direct_premiums:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_direct_premiums:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_direct_premiums:upside/valueNone7080.000000000001
/operating_model/cells/upside_2027q2_investment_income:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_investment_income:upside/caseNoneupside
/operating_model/cells/upside_2027q2_investment_income:upside/idNoneupside_2027q2_investment_income
/operating_model/cells/upside_2027q2_investment_income:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_investment_income:upside/labelNoneInvestment income
/operating_model/cells/upside_2027q2_investment_income:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_investment_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_investment_income:upside/valueNone108.0
/operating_model/cells/upside_2027q2_medical:upside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/upside_2027q2_medical:upside/caseNoneupside
/operating_model/cells/upside_2027q2_medical:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_medical:upside/formula/refs/0Noneq2_medical
/operating_model/cells/upside_2027q2_medical:upside/formula/refs/1Noneupside_2027q2_member_index
/operating_model/cells/upside_2027q2_medical:upside/formula/refs/2Noneupside_2027q2_medical_realization
/operating_model/cells/upside_2027q2_medical:upside/idNoneupside_2027q2_medical
/operating_model/cells/upside_2027q2_medical:upside/kindNonederived
/operating_model/cells/upside_2027q2_medical:upside/labelNoneMedical costs
/operating_model/cells/upside_2027q2_medical:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_medical:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_medical:upside/valueNone4570.000000000001
/operating_model/cells/upside_2027q2_medical_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_medical_realization:upside/caseNoneupside
/operating_model/cells/upside_2027q2_medical_realization:upside/idNoneupside_2027q2_medical_realization
/operating_model/cells/upside_2027q2_medical_realization:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_medical_realization:upside/labelNoneMedical cost per member versus reference
/operating_model/cells/upside_2027q2_medical_realization:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_medical_realization:upside/unitNoneratio
/operating_model/cells/upside_2027q2_medical_realization:upside/valueNone1.0024203729162269
/operating_model/cells/upside_2027q2_member_index:upside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/upside_2027q2_member_index:upside/caseNoneupside
/operating_model/cells/upside_2027q2_member_index:upside/formula/opNonedivide
/operating_model/cells/upside_2027q2_member_index:upside/formula/refs/0Noneupside_2027q2_average_members
/operating_model/cells/upside_2027q2_member_index:upside/formula/refs/1Noneq2_members
/operating_model/cells/upside_2027q2_member_index:upside/idNoneupside_2027q2_member_index
/operating_model/cells/upside_2027q2_member_index:upside/kindNonederived
/operating_model/cells/upside_2027q2_member_index:upside/labelNoneAverage member activity / June reference
/operating_model/cells/upside_2027q2_member_index:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_member_index:upside/unitNoneratio
/operating_model/cells/upside_2027q2_member_index:upside/valueNone1.2014841704460544
/operating_model/cells/upside_2027q2_mlr:upside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/upside_2027q2_mlr:upside/caseNoneupside
/operating_model/cells/upside_2027q2_mlr:upside/formula/opNonedivide
/operating_model/cells/upside_2027q2_mlr:upside/formula/refs/0Noneupside_2027q2_medical
/operating_model/cells/upside_2027q2_mlr:upside/formula/refs/1Noneupside_2027q2_premium
/operating_model/cells/upside_2027q2_mlr:upside/idNoneupside_2027q2_mlr
/operating_model/cells/upside_2027q2_mlr:upside/kindNonederived
/operating_model/cells/upside_2027q2_mlr:upside/labelNoneImplied medical loss ratio
/operating_model/cells/upside_2027q2_mlr:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_mlr:upside/unitNoneratio
/operating_model/cells/upside_2027q2_mlr:upside/valueNone0.7765505522514868
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/basisNoneNo separate reserve-income addback.
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/formula/refs/0Noneupside_2027q2_operating_income
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/formula/refs/1Noneupside_2027q2_sbc
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/formula/refs/2Noneupside_2027q2_da
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/formula/refs/3Noneupside_2027q2_premium_credit_loss
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/idNoneupside_2027q2_operating_cash_bridge
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/kindNonederived
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_operating_cash_bridge:upside/valueNone552.5
/operating_model/cells/upside_2027q2_operating_cost:upside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/upside_2027q2_operating_cost:upside/caseNoneupside
/operating_model/cells/upside_2027q2_operating_cost:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_operating_cost:upside/formula/refs/0Noneupside_2027q2_medical
/operating_model/cells/upside_2027q2_operating_cost:upside/formula/refs/1Noneupside_2027q2_sga
/operating_model/cells/upside_2027q2_operating_cost:upside/formula/refs/2Noneupside_2027q2_da
/operating_model/cells/upside_2027q2_operating_cost:upside/idNoneupside_2027q2_operating_cost
/operating_model/cells/upside_2027q2_operating_cost:upside/kindNonederived
/operating_model/cells/upside_2027q2_operating_cost:upside/labelNoneMedical SG&A and D&A
/operating_model/cells/upside_2027q2_operating_cost:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_operating_cost:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_operating_cost:upside/valueNone5508.000000000001
/operating_model/cells/upside_2027q2_operating_income:upside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/upside_2027q2_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q2_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/0Noneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/1Noneupside_2027q2_operating_cost
/operating_model/cells/upside_2027q2_operating_income:upside/idNoneupside_2027q2_operating_income
/operating_model/cells/upside_2027q2_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q2_operating_income:upside/labelNoneEarnings from operations
/operating_model/cells/upside_2027q2_operating_income:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_operating_income:upside/valueNone492.5
/operating_model/cells/upside_2027q2_other_operating_cash:upside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/upside_2027q2_other_operating_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q2_other_operating_cash:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_other_operating_cash:upside/formula/refs/0Noneupside_2027q2_cash_interest
/operating_model/cells/upside_2027q2_other_operating_cash:upside/formula/refs/1Noneupside_2027q2_cash_tax
/operating_model/cells/upside_2027q2_other_operating_cash:upside/formula/refs/2Noneupside_2027q2_other_working_capital
/operating_model/cells/upside_2027q2_other_operating_cash:upside/idNoneupside_2027q2_other_operating_cash
/operating_model/cells/upside_2027q2_other_operating_cash:upside/kindNonederived
/operating_model/cells/upside_2027q2_other_operating_cash:upside/labelNoneInterest tax and other working capital uses
/operating_model/cells/upside_2027q2_other_operating_cash:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_other_operating_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_other_operating_cash:upside/valueNone97.7
/operating_model/cells/upside_2027q2_other_revenue:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_other_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q2_other_revenue:upside/idNoneupside_2027q2_other_revenue
/operating_model/cells/upside_2027q2_other_revenue:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_other_revenue:upside/labelNoneOther revenue
/operating_model/cells/upside_2027q2_other_revenue:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_other_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_other_revenue:upside/valueNone7.5
/operating_model/cells/upside_2027q2_other_working_capital:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_other_working_capital:upside/caseNoneupside
/operating_model/cells/upside_2027q2_other_working_capital:upside/idNoneupside_2027q2_other_working_capital
/operating_model/cells/upside_2027q2_other_working_capital:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_other_working_capital:upside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/upside_2027q2_other_working_capital:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_other_working_capital:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_other_working_capital:upside/valueNone80.0
/operating_model/cells/upside_2027q2_premium:upside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/upside_2027q2_premium:upside/caseNoneupside
/operating_model/cells/upside_2027q2_premium:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_premium:upside/formula/refs/0Noneupside_2027q2_direct_premiums
/operating_model/cells/upside_2027q2_premium:upside/formula/refs/1Noneupside_2027q2_premium_deductions
/operating_model/cells/upside_2027q2_premium:upside/idNoneupside_2027q2_premium
/operating_model/cells/upside_2027q2_premium:upside/kindNonederived
/operating_model/cells/upside_2027q2_premium:upside/labelNoneNet recognized premiums
/operating_model/cells/upside_2027q2_premium:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_premium:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_premium:upside/valueNone5885.000000000001
/operating_model/cells/upside_2027q2_premium_credit_loss:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_premium_credit_loss:upside/caseNoneupside
/operating_model/cells/upside_2027q2_premium_credit_loss:upside/idNoneupside_2027q2_premium_credit_loss
/operating_model/cells/upside_2027q2_premium_credit_loss:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_premium_credit_loss:upside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/upside_2027q2_premium_credit_loss:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_premium_credit_loss:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_premium_credit_loss:upside/valueNone26.0
/operating_model/cells/upside_2027q2_premium_deductions:upside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/upside_2027q2_premium_deductions:upside/caseNoneupside
/operating_model/cells/upside_2027q2_premium_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_premium_deductions:upside/formula/refs/0Noneupside_2027q2_risk_transfer
/operating_model/cells/upside_2027q2_premium_deductions:upside/formula/refs/1Noneupside_2027q2_ceded_other
/operating_model/cells/upside_2027q2_premium_deductions:upside/idNoneupside_2027q2_premium_deductions
/operating_model/cells/upside_2027q2_premium_deductions:upside/kindNonederived
/operating_model/cells/upside_2027q2_premium_deductions:upside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/upside_2027q2_premium_deductions:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_premium_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_premium_deductions:upside/valueNone1195.0
/operating_model/cells/upside_2027q2_premium_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_premium_realization:upside/caseNoneupside
/operating_model/cells/upside_2027q2_premium_realization:upside/idNoneupside_2027q2_premium_realization
/operating_model/cells/upside_2027q2_premium_realization:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_premium_realization:upside/labelNonePremium realization versus reference
/operating_model/cells/upside_2027q2_premium_realization:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_premium_realization:upside/unitNoneratio
/operating_model/cells/upside_2027q2_premium_realization:upside/valueNone1.0399266002684617
/operating_model/cells/upside_2027q2_revenue:upside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/upside_2027q2_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q2_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/0Noneupside_2027q2_premium
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/1Noneupside_2027q2_investment_income
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/2Noneupside_2027q2_other_revenue
/operating_model/cells/upside_2027q2_revenue:upside/idNoneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q2_revenue:upside/labelNoneTotal revenue
/operating_model/cells/upside_2027q2_revenue:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_revenue:upside/valueNone6000.500000000001
/operating_model/cells/upside_2027q2_risk_transfer:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_risk_transfer:upside/caseNoneupside
/operating_model/cells/upside_2027q2_risk_transfer:upside/idNoneupside_2027q2_risk_transfer
/operating_model/cells/upside_2027q2_risk_transfer:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_risk_transfer:upside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/upside_2027q2_risk_transfer:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_risk_transfer:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_risk_transfer:upside/valueNone1190.0
/operating_model/cells/upside_2027q2_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q2_sbc:upside/idNoneupside_2027q2_sbc
/operating_model/cells/upside_2027q2_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_sbc:upside/labelNoneSBC cash-flow addback
/operating_model/cells/upside_2027q2_sbc:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_sbc:upside/valueNone26.0
/operating_model/cells/upside_2027q2_sga:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_sga:upside/caseNoneupside
/operating_model/cells/upside_2027q2_sga:upside/idNoneupside_2027q2_sga
/operating_model/cells/upside_2027q2_sga:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_sga:upside/labelNoneSG&A expense
/operating_model/cells/upside_2027q2_sga:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_sga:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_sga:upside/valueNone930.0
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/formula/refs/0Noneupside_2027q2_timing_neutral_cfo
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/idNoneupside_2027q2_timing_neutral_cash
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/kindNonederived
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/labelNoneCash excluding specified float and capex
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_timing_neutral_cash:upside/valueNone439.8
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/formula/refs/0Noneupside_2027q2_operating_cash_bridge
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/formula/refs/1Noneupside_2027q2_other_operating_cash
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/idNoneupside_2027q2_timing_neutral_cfo
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/labelNoneCFO before specified float movements
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_timing_neutral_cfo:upside/valueNone454.8
/operating_model/cells/upside_2027q3_average_members:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_average_members:upside/caseNoneupside
/operating_model/cells/upside_2027q3_average_members:upside/idNoneupside_2027q3_average_members
/operating_model/cells/upside_2027q3_average_members:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_average_members:upside/labelNoneAverage member activity
/operating_model/cells/upside_2027q3_average_members:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_average_members:upside/unitNoneratio
/operating_model/cells/upside_2027q3_average_members:upside/valueNone3450000.0
/operating_model/cells/upside_2027q3_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_capex:upside/idNoneupside_2027q3_capex
/operating_model/cells/upside_2027q3_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_capex:upside/labelNoneCash PP&E and software
/operating_model/cells/upside_2027q3_capex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_capex:upside/valueNone16.0
/operating_model/cells/upside_2027q3_cash_after_capex:upside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/upside_2027q3_cash_after_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_after_capex:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_cash_after_capex:upside/formula/refs/0Noneupside_2027q3_cfo
/operating_model/cells/upside_2027q3_cash_after_capex:upside/formula/refs/1Noneupside_2027q3_capex
/operating_model/cells/upside_2027q3_cash_after_capex:upside/idNoneupside_2027q3_cash_after_capex
/operating_model/cells/upside_2027q3_cash_after_capex:upside/kindNonederived
/operating_model/cells/upside_2027q3_cash_after_capex:upside/labelNoneCFO less cash capex
/operating_model/cells/upside_2027q3_cash_after_capex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_after_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_after_capex:upside/valueNone-3074.699999999998
/operating_model/cells/upside_2027q3_cash_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_interest:upside/idNoneupside_2027q3_cash_interest
/operating_model/cells/upside_2027q3_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cash_interest:upside/labelNoneCorporate cash interest
/operating_model/cells/upside_2027q3_cash_interest:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_interest:upside/valueNone3.7
/operating_model/cells/upside_2027q3_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_tax:upside/idNoneupside_2027q3_cash_tax
/operating_model/cells/upside_2027q3_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2027q3_cash_tax:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_tax:upside/valueNone16.0
/operating_model/cells/upside_2027q3_ceded_other:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_ceded_other:upside/caseNoneupside
/operating_model/cells/upside_2027q3_ceded_other:upside/idNoneupside_2027q3_ceded_other
/operating_model/cells/upside_2027q3_ceded_other:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_ceded_other:upside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/upside_2027q3_ceded_other:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_ceded_other:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_ceded_other:upside/valueNone5.0
/operating_model/cells/upside_2027q3_cfo:upside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/upside_2027q3_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/0Noneupside_2027q3_timing_neutral_cfo
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/1Noneupside_2027q3_cms_flow
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/2Noneupside_2027q3_claims_float
/operating_model/cells/upside_2027q3_cfo:upside/idNoneupside_2027q3_cfo
/operating_model/cells/upside_2027q3_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q3_cfo:upside/labelNoneConsolidated operating cash flow
/operating_model/cells/upside_2027q3_cfo:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cfo:upside/valueNone-3058.699999999998
/operating_model/cells/upside_2027q3_claims_float:upside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/upside_2027q3_claims_float:upside/caseNoneupside
/operating_model/cells/upside_2027q3_claims_float:upside/idNoneupside_2027q3_claims_float
/operating_model/cells/upside_2027q3_claims_float:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_claims_float:upside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/upside_2027q3_claims_float:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_claims_float:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_claims_float:upside/valueNone180.0
/operating_model/cells/upside_2027q3_cms_flow:upside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/upside_2027q3_cms_flow:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cms_flow:upside/idNoneupside_2027q3_cms_flow
/operating_model/cells/upside_2027q3_cms_flow:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cms_flow:upside/labelNoneNet CMS cash-timing change
/operating_model/cells/upside_2027q3_cms_flow:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cms_flow:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cms_flow:upside/valueNone-3400.0
/operating_model/cells/upside_2027q3_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_da:upside/caseNoneupside
/operating_model/cells/upside_2027q3_da:upside/idNoneupside_2027q3_da
/operating_model/cells/upside_2027q3_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_da:upside/labelNoneOperating depreciation and amortization
/operating_model/cells/upside_2027q3_da:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_da:upside/valueNone8.5
/operating_model/cells/upside_2027q3_direct_premiums:upside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/upside_2027q3_direct_premiums:upside/caseNoneupside
/operating_model/cells/upside_2027q3_direct_premiums:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_direct_premiums:upside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/upside_2027q3_direct_premiums:upside/formula/refs/1Noneupside_2027q3_member_index
/operating_model/cells/upside_2027q3_direct_premiums:upside/formula/refs/2Noneupside_2027q3_premium_realization
/operating_model/cells/upside_2027q3_direct_premiums:upside/idNoneupside_2027q3_direct_premiums
/operating_model/cells/upside_2027q3_direct_premiums:upside/kindNonederived
/operating_model/cells/upside_2027q3_direct_premiums:upside/labelNoneDirect policy premiums
/operating_model/cells/upside_2027q3_direct_premiums:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_direct_premiums:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_direct_premiums:upside/valueNone6950.000000000002
/operating_model/cells/upside_2027q3_investment_income:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_investment_income:upside/caseNoneupside
/operating_model/cells/upside_2027q3_investment_income:upside/idNoneupside_2027q3_investment_income
/operating_model/cells/upside_2027q3_investment_income:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_investment_income:upside/labelNoneInvestment income
/operating_model/cells/upside_2027q3_investment_income:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_investment_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_investment_income:upside/valueNone112.0
/operating_model/cells/upside_2027q3_medical:upside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/upside_2027q3_medical:upside/caseNoneupside
/operating_model/cells/upside_2027q3_medical:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_medical:upside/formula/refs/0Noneq2_medical
/operating_model/cells/upside_2027q3_medical:upside/formula/refs/1Noneupside_2027q3_member_index
/operating_model/cells/upside_2027q3_medical:upside/formula/refs/2Noneupside_2027q3_medical_realization
/operating_model/cells/upside_2027q3_medical:upside/idNoneupside_2027q3_medical
/operating_model/cells/upside_2027q3_medical:upside/kindNonederived
/operating_model/cells/upside_2027q3_medical:upside/labelNoneMedical costs
/operating_model/cells/upside_2027q3_medical:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_medical:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_medical:upside/valueNone4760.0
/operating_model/cells/upside_2027q3_medical_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_medical_realization:upside/caseNoneupside
/operating_model/cells/upside_2027q3_medical_realization:upside/idNoneupside_2027q3_medical_realization
/operating_model/cells/upside_2027q3_medical_realization:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_medical_realization:upside/labelNoneMedical cost per member versus reference
/operating_model/cells/upside_2027q3_medical_realization:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_medical_realization:upside/unitNoneratio
/operating_model/cells/upside_2027q3_medical_realization:upside/valueNone1.0773865265778209
/operating_model/cells/upside_2027q3_member_index:upside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/upside_2027q3_member_index:upside/caseNoneupside
/operating_model/cells/upside_2027q3_member_index:upside/formula/opNonedivide
/operating_model/cells/upside_2027q3_member_index:upside/formula/refs/0Noneupside_2027q3_average_members
/operating_model/cells/upside_2027q3_member_index:upside/formula/refs/1Noneq2_members
/operating_model/cells/upside_2027q3_member_index:upside/idNoneupside_2027q3_member_index
/operating_model/cells/upside_2027q3_member_index:upside/kindNonederived
/operating_model/cells/upside_2027q3_member_index:upside/labelNoneAverage member activity / June reference
/operating_model/cells/upside_2027q3_member_index:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_member_index:upside/unitNoneratio
/operating_model/cells/upside_2027q3_member_index:upside/valueNone1.1643596595614853
/operating_model/cells/upside_2027q3_mlr:upside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/upside_2027q3_mlr:upside/caseNoneupside
/operating_model/cells/upside_2027q3_mlr:upside/formula/opNonedivide
/operating_model/cells/upside_2027q3_mlr:upside/formula/refs/0Noneupside_2027q3_medical
/operating_model/cells/upside_2027q3_mlr:upside/formula/refs/1Noneupside_2027q3_premium
/operating_model/cells/upside_2027q3_mlr:upside/idNoneupside_2027q3_mlr
/operating_model/cells/upside_2027q3_mlr:upside/kindNonederived
/operating_model/cells/upside_2027q3_mlr:upside/labelNoneImplied medical loss ratio
/operating_model/cells/upside_2027q3_mlr:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_mlr:upside/unitNoneratio
/operating_model/cells/upside_2027q3_mlr:upside/valueNone0.8213977566867987
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/basisNoneNo separate reserve-income addback.
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/formula/refs/0Noneupside_2027q3_operating_income
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/formula/refs/1Noneupside_2027q3_sbc
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/formula/refs/2Noneupside_2027q3_da
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/formula/refs/3Noneupside_2027q3_premium_credit_loss
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/idNoneupside_2027q3_operating_cash_bridge
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/kindNonederived
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_operating_cash_bridge:upside/valueNone266.0000000000018
/operating_model/cells/upside_2027q3_operating_cost:upside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/upside_2027q3_operating_cost:upside/caseNoneupside
/operating_model/cells/upside_2027q3_operating_cost:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_operating_cost:upside/formula/refs/0Noneupside_2027q3_medical
/operating_model/cells/upside_2027q3_operating_cost:upside/formula/refs/1Noneupside_2027q3_sga
/operating_model/cells/upside_2027q3_operating_cost:upside/formula/refs/2Noneupside_2027q3_da
/operating_model/cells/upside_2027q3_operating_cost:upside/idNoneupside_2027q3_operating_cost
/operating_model/cells/upside_2027q3_operating_cost:upside/kindNonederived
/operating_model/cells/upside_2027q3_operating_cost:upside/labelNoneMedical SG&A and D&A
/operating_model/cells/upside_2027q3_operating_cost:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_operating_cost:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_operating_cost:upside/valueNone5713.5
/operating_model/cells/upside_2027q3_operating_income:upside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/upside_2027q3_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q3_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/0Noneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/1Noneupside_2027q3_operating_cost
/operating_model/cells/upside_2027q3_operating_income:upside/idNoneupside_2027q3_operating_income
/operating_model/cells/upside_2027q3_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q3_operating_income:upside/labelNoneEarnings from operations
/operating_model/cells/upside_2027q3_operating_income:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_operating_income:upside/valueNone201.50000000000182
/operating_model/cells/upside_2027q3_other_operating_cash:upside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/upside_2027q3_other_operating_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q3_other_operating_cash:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_other_operating_cash:upside/formula/refs/0Noneupside_2027q3_cash_interest
/operating_model/cells/upside_2027q3_other_operating_cash:upside/formula/refs/1Noneupside_2027q3_cash_tax
/operating_model/cells/upside_2027q3_other_operating_cash:upside/formula/refs/2Noneupside_2027q3_other_working_capital
/operating_model/cells/upside_2027q3_other_operating_cash:upside/idNoneupside_2027q3_other_operating_cash
/operating_model/cells/upside_2027q3_other_operating_cash:upside/kindNonederived
/operating_model/cells/upside_2027q3_other_operating_cash:upside/labelNoneInterest tax and other working capital uses
/operating_model/cells/upside_2027q3_other_operating_cash:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_other_operating_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_other_operating_cash:upside/valueNone104.7
/operating_model/cells/upside_2027q3_other_revenue:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_other_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q3_other_revenue:upside/idNoneupside_2027q3_other_revenue
/operating_model/cells/upside_2027q3_other_revenue:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_other_revenue:upside/labelNoneOther revenue
/operating_model/cells/upside_2027q3_other_revenue:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_other_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_other_revenue:upside/valueNone8.0
/operating_model/cells/upside_2027q3_other_working_capital:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_other_working_capital:upside/caseNoneupside
/operating_model/cells/upside_2027q3_other_working_capital:upside/idNoneupside_2027q3_other_working_capital
/operating_model/cells/upside_2027q3_other_working_capital:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_other_working_capital:upside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/upside_2027q3_other_working_capital:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_other_working_capital:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_other_working_capital:upside/valueNone85.0
/operating_model/cells/upside_2027q3_premium:upside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/upside_2027q3_premium:upside/caseNoneupside
/operating_model/cells/upside_2027q3_premium:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_premium:upside/formula/refs/0Noneupside_2027q3_direct_premiums
/operating_model/cells/upside_2027q3_premium:upside/formula/refs/1Noneupside_2027q3_premium_deductions
/operating_model/cells/upside_2027q3_premium:upside/idNoneupside_2027q3_premium
/operating_model/cells/upside_2027q3_premium:upside/kindNonederived
/operating_model/cells/upside_2027q3_premium:upside/labelNoneNet recognized premiums
/operating_model/cells/upside_2027q3_premium:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_premium:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_premium:upside/valueNone5795.000000000002
/operating_model/cells/upside_2027q3_premium_credit_loss:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_premium_credit_loss:upside/caseNoneupside
/operating_model/cells/upside_2027q3_premium_credit_loss:upside/idNoneupside_2027q3_premium_credit_loss
/operating_model/cells/upside_2027q3_premium_credit_loss:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_premium_credit_loss:upside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/upside_2027q3_premium_credit_loss:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_premium_credit_loss:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_premium_credit_loss:upside/valueNone28.0
/operating_model/cells/upside_2027q3_premium_deductions:upside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/upside_2027q3_premium_deductions:upside/caseNoneupside
/operating_model/cells/upside_2027q3_premium_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_premium_deductions:upside/formula/refs/0Noneupside_2027q3_risk_transfer
/operating_model/cells/upside_2027q3_premium_deductions:upside/formula/refs/1Noneupside_2027q3_ceded_other
/operating_model/cells/upside_2027q3_premium_deductions:upside/idNoneupside_2027q3_premium_deductions
/operating_model/cells/upside_2027q3_premium_deductions:upside/kindNonederived
/operating_model/cells/upside_2027q3_premium_deductions:upside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/upside_2027q3_premium_deductions:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_premium_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_premium_deductions:upside/valueNone1155.0
/operating_model/cells/upside_2027q3_premium_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_premium_realization:upside/caseNoneupside
/operating_model/cells/upside_2027q3_premium_realization:upside/idNoneupside_2027q3_premium_realization
/operating_model/cells/upside_2027q3_premium_realization:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_premium_realization:upside/labelNonePremium realization versus reference
/operating_model/cells/upside_2027q3_premium_realization:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_premium_realization:upside/unitNoneratio
/operating_model/cells/upside_2027q3_premium_realization:upside/valueNone1.0533801663736297
/operating_model/cells/upside_2027q3_revenue:upside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/upside_2027q3_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q3_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/0Noneupside_2027q3_premium
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/1Noneupside_2027q3_investment_income
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/2Noneupside_2027q3_other_revenue
/operating_model/cells/upside_2027q3_revenue:upside/idNoneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q3_revenue:upside/labelNoneTotal revenue
/operating_model/cells/upside_2027q3_revenue:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_revenue:upside/valueNone5915.000000000002
/operating_model/cells/upside_2027q3_risk_transfer:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_risk_transfer:upside/caseNoneupside
/operating_model/cells/upside_2027q3_risk_transfer:upside/idNoneupside_2027q3_risk_transfer
/operating_model/cells/upside_2027q3_risk_transfer:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_risk_transfer:upside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/upside_2027q3_risk_transfer:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_risk_transfer:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_risk_transfer:upside/valueNone1150.0
/operating_model/cells/upside_2027q3_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q3_sbc:upside/idNoneupside_2027q3_sbc
/operating_model/cells/upside_2027q3_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_sbc:upside/labelNoneSBC cash-flow addback
/operating_model/cells/upside_2027q3_sbc:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_sbc:upside/valueNone28.0
/operating_model/cells/upside_2027q3_sga:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_sga:upside/caseNoneupside
/operating_model/cells/upside_2027q3_sga:upside/idNoneupside_2027q3_sga
/operating_model/cells/upside_2027q3_sga:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_sga:upside/labelNoneSG&A expense
/operating_model/cells/upside_2027q3_sga:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_sga:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_sga:upside/valueNone945.0
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/formula/refs/0Noneupside_2027q3_timing_neutral_cfo
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/formula/refs/1Noneupside_2027q3_capex
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/idNoneupside_2027q3_timing_neutral_cash
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/kindNonederived
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/labelNoneCash excluding specified float and capex
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_timing_neutral_cash:upside/valueNone145.30000000000183
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/formula/refs/0Noneupside_2027q3_operating_cash_bridge
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/formula/refs/1Noneupside_2027q3_other_operating_cash
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/idNoneupside_2027q3_timing_neutral_cfo
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/labelNoneCFO before specified float movements
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_timing_neutral_cfo:upside/valueNone161.30000000000183
/operating_model/cells/upside_2027q4_average_members:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_average_members:upside/caseNoneupside
/operating_model/cells/upside_2027q4_average_members:upside/idNoneupside_2027q4_average_members
/operating_model/cells/upside_2027q4_average_members:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_average_members:upside/labelNoneAverage member activity
/operating_model/cells/upside_2027q4_average_members:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_average_members:upside/unitNoneratio
/operating_model/cells/upside_2027q4_average_members:upside/valueNone3340000.0
/operating_model/cells/upside_2027q4_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_capex:upside/idNoneupside_2027q4_capex
/operating_model/cells/upside_2027q4_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_capex:upside/labelNoneCash PP&E and software
/operating_model/cells/upside_2027q4_capex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_capex:upside/valueNone17.0
/operating_model/cells/upside_2027q4_cash_after_capex:upside/basisNoneBefore capital allocation; insurance float is not owner cash.
/operating_model/cells/upside_2027q4_cash_after_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_after_capex:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_cash_after_capex:upside/formula/refs/0Noneupside_2027q4_cfo
/operating_model/cells/upside_2027q4_cash_after_capex:upside/formula/refs/1Noneupside_2027q4_capex
/operating_model/cells/upside_2027q4_cash_after_capex:upside/idNoneupside_2027q4_cash_after_capex
/operating_model/cells/upside_2027q4_cash_after_capex:upside/kindNonederived
/operating_model/cells/upside_2027q4_cash_after_capex:upside/labelNoneCFO less cash capex
/operating_model/cells/upside_2027q4_cash_after_capex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_after_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_after_capex:upside/valueNone1325.8
/operating_model/cells/upside_2027q4_cash_interest:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_interest:upside/idNoneupside_2027q4_cash_interest
/operating_model/cells/upside_2027q4_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cash_interest:upside/labelNoneCorporate cash interest
/operating_model/cells/upside_2027q4_cash_interest:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_interest:upside/valueNone3.7
/operating_model/cells/upside_2027q4_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_tax:upside/idNoneupside_2027q4_cash_tax
/operating_model/cells/upside_2027q4_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2027q4_cash_tax:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_tax:upside/valueNone18.0
/operating_model/cells/upside_2027q4_ceded_other:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_ceded_other:upside/caseNoneupside
/operating_model/cells/upside_2027q4_ceded_other:upside/idNoneupside_2027q4_ceded_other
/operating_model/cells/upside_2027q4_ceded_other:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_ceded_other:upside/labelNoneNon-quota ceded premium and runoff allowance
/operating_model/cells/upside_2027q4_ceded_other:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_ceded_other:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_ceded_other:upside/valueNone5.0
/operating_model/cells/upside_2027q4_cfo:upside/basisNoneClaims and CMS changes affect cash timing, not additional earnings.
/operating_model/cells/upside_2027q4_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cfo:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/0Noneupside_2027q4_timing_neutral_cfo
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/1Noneupside_2027q4_cms_flow
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/2Noneupside_2027q4_claims_float
/operating_model/cells/upside_2027q4_cfo:upside/idNoneupside_2027q4_cfo
/operating_model/cells/upside_2027q4_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q4_cfo:upside/labelNoneConsolidated operating cash flow
/operating_model/cells/upside_2027q4_cfo:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cfo:upside/valueNone1342.8
/operating_model/cells/upside_2027q4_claims_float:upside/basisNonePositive cash from unpaid claims still backs future claim payments.
/operating_model/cells/upside_2027q4_claims_float:upside/caseNoneupside
/operating_model/cells/upside_2027q4_claims_float:upside/idNoneupside_2027q4_claims_float
/operating_model/cells/upside_2027q4_claims_float:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_claims_float:upside/labelNoneBenefits-payable cash-timing change
/operating_model/cells/upside_2027q4_claims_float:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_claims_float:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_claims_float:upside/valueNone195.0
/operating_model/cells/upside_2027q4_cms_flow:upside/basisNoneDesk net receivable/payable settlement pattern; negative means cash paid. Not a new risk-transfer expense or a forecast of each CMS program.
/operating_model/cells/upside_2027q4_cms_flow:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cms_flow:upside/idNoneupside_2027q4_cms_flow
/operating_model/cells/upside_2027q4_cms_flow:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cms_flow:upside/labelNoneNet CMS cash-timing change
/operating_model/cells/upside_2027q4_cms_flow:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cms_flow:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cms_flow:upside/valueNone1200.0
/operating_model/cells/upside_2027q4_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_da:upside/caseNoneupside
/operating_model/cells/upside_2027q4_da:upside/idNoneupside_2027q4_da
/operating_model/cells/upside_2027q4_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_da:upside/labelNoneOperating depreciation and amortization
/operating_model/cells/upside_2027q4_da:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_da:upside/valueNone9.0
/operating_model/cells/upside_2027q4_direct_premiums:upside/basisNoneRevenue changes with member activity and price/mix independently.
/operating_model/cells/upside_2027q4_direct_premiums:upside/caseNoneupside
/operating_model/cells/upside_2027q4_direct_premiums:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_direct_premiums:upside/formula/refs/0Noneq2_direct_premiums
/operating_model/cells/upside_2027q4_direct_premiums:upside/formula/refs/1Noneupside_2027q4_member_index
/operating_model/cells/upside_2027q4_direct_premiums:upside/formula/refs/2Noneupside_2027q4_premium_realization
/operating_model/cells/upside_2027q4_direct_premiums:upside/idNoneupside_2027q4_direct_premiums
/operating_model/cells/upside_2027q4_direct_premiums:upside/kindNonederived
/operating_model/cells/upside_2027q4_direct_premiums:upside/labelNoneDirect policy premiums
/operating_model/cells/upside_2027q4_direct_premiums:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_direct_premiums:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_direct_premiums:upside/valueNone6849.999999999999
/operating_model/cells/upside_2027q4_investment_income:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_investment_income:upside/caseNoneupside
/operating_model/cells/upside_2027q4_investment_income:upside/idNoneupside_2027q4_investment_income
/operating_model/cells/upside_2027q4_investment_income:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_investment_income:upside/labelNoneInvestment income
/operating_model/cells/upside_2027q4_investment_income:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_investment_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_investment_income:upside/valueNone116.0
/operating_model/cells/upside_2027q4_medical:upside/basisNoneClaims independent of risk-transfer accounting and premium price realization.
/operating_model/cells/upside_2027q4_medical:upside/caseNoneupside
/operating_model/cells/upside_2027q4_medical:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_medical:upside/formula/refs/0Noneq2_medical
/operating_model/cells/upside_2027q4_medical:upside/formula/refs/1Noneupside_2027q4_member_index
/operating_model/cells/upside_2027q4_medical:upside/formula/refs/2Noneupside_2027q4_medical_realization
/operating_model/cells/upside_2027q4_medical:upside/idNoneupside_2027q4_medical
/operating_model/cells/upside_2027q4_medical:upside/kindNonederived
/operating_model/cells/upside_2027q4_medical:upside/labelNoneMedical costs
/operating_model/cells/upside_2027q4_medical:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_medical:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_medical:upside/valueNone4899.999999999999
/operating_model/cells/upside_2027q4_medical_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_medical_realization:upside/caseNoneupside
/operating_model/cells/upside_2027q4_medical_realization:upside/idNoneupside_2027q4_medical_realization
/operating_model/cells/upside_2027q4_medical_realization:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_medical_realization:upside/labelNoneMedical cost per member versus reference
/operating_model/cells/upside_2027q4_medical_realization:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_medical_realization:upside/unitNoneratio
/operating_model/cells/upside_2027q4_medical_realization:upside/valueNone1.1456007668569204
/operating_model/cells/upside_2027q4_member_index:upside/basisNoneDesk member-month proxy normalized to reported end-period membership.
/operating_model/cells/upside_2027q4_member_index:upside/caseNoneupside
/operating_model/cells/upside_2027q4_member_index:upside/formula/opNonedivide
/operating_model/cells/upside_2027q4_member_index:upside/formula/refs/0Noneupside_2027q4_average_members
/operating_model/cells/upside_2027q4_member_index:upside/formula/refs/1Noneq2_members
/operating_model/cells/upside_2027q4_member_index:upside/idNoneupside_2027q4_member_index
/operating_model/cells/upside_2027q4_member_index:upside/kindNonederived
/operating_model/cells/upside_2027q4_member_index:upside/labelNoneAverage member activity / June reference
/operating_model/cells/upside_2027q4_member_index:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_member_index:upside/unitNoneratio
/operating_model/cells/upside_2027q4_member_index:upside/valueNone1.127235148676916
/operating_model/cells/upside_2027q4_mlr:upside/basisNoneNet-premium denominator includes risk adjustment; not total revenue.
/operating_model/cells/upside_2027q4_mlr:upside/caseNoneupside
/operating_model/cells/upside_2027q4_mlr:upside/formula/opNonedivide
/operating_model/cells/upside_2027q4_mlr:upside/formula/refs/0Noneupside_2027q4_medical
/operating_model/cells/upside_2027q4_mlr:upside/formula/refs/1Noneupside_2027q4_premium
/operating_model/cells/upside_2027q4_mlr:upside/idNoneupside_2027q4_mlr
/operating_model/cells/upside_2027q4_mlr:upside/kindNonederived
/operating_model/cells/upside_2027q4_mlr:upside/labelNoneImplied medical loss ratio
/operating_model/cells/upside_2027q4_mlr:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_mlr:upside/unitNoneratio
/operating_model/cells/upside_2027q4_mlr:upside/valueNone0.8558951965065502
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/basisNoneNo separate reserve-income addback.
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/caseNoneupside
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/formula/refs/0Noneupside_2027q4_operating_income
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/formula/refs/1Noneupside_2027q4_sbc
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/formula/refs/2Noneupside_2027q4_da
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/formula/refs/3Noneupside_2027q4_premium_credit_loss
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/idNoneupside_2027q4_operating_cash_bridge
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/kindNonederived
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/labelNoneOperating earnings plus noncash costs
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_operating_cash_bridge:upside/valueNone59.5
/operating_model/cells/upside_2027q4_operating_cost:upside/basisNoneSBC sits within SG&A; no second deduction.
/operating_model/cells/upside_2027q4_operating_cost:upside/caseNoneupside
/operating_model/cells/upside_2027q4_operating_cost:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_operating_cost:upside/formula/refs/0Noneupside_2027q4_medical
/operating_model/cells/upside_2027q4_operating_cost:upside/formula/refs/1Noneupside_2027q4_sga
/operating_model/cells/upside_2027q4_operating_cost:upside/formula/refs/2Noneupside_2027q4_da
/operating_model/cells/upside_2027q4_operating_cost:upside/idNoneupside_2027q4_operating_cost
/operating_model/cells/upside_2027q4_operating_cost:upside/kindNonederived
/operating_model/cells/upside_2027q4_operating_cost:upside/labelNoneMedical SG&A and D&A
/operating_model/cells/upside_2027q4_operating_cost:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_operating_cost:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_operating_cost:upside/valueNone5858.999999999999
/operating_model/cells/upside_2027q4_operating_income:upside/basisNoneBase annual $700M requires H2 losses, not twice H1 earnings.
/operating_model/cells/upside_2027q4_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q4_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/0Noneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/1Noneupside_2027q4_operating_cost
/operating_model/cells/upside_2027q4_operating_income:upside/idNoneupside_2027q4_operating_income
/operating_model/cells/upside_2027q4_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q4_operating_income:upside/labelNoneEarnings from operations
/operating_model/cells/upside_2027q4_operating_income:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_operating_income:upside/valueNone-9.5
/operating_model/cells/upside_2027q4_other_operating_cash:upside/basisNoneCash-tax installments may persist through seasonal losses; no immediate tax benefit assumed.
/operating_model/cells/upside_2027q4_other_operating_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q4_other_operating_cash:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_other_operating_cash:upside/formula/refs/0Noneupside_2027q4_cash_interest
/operating_model/cells/upside_2027q4_other_operating_cash:upside/formula/refs/1Noneupside_2027q4_cash_tax
/operating_model/cells/upside_2027q4_other_operating_cash:upside/formula/refs/2Noneupside_2027q4_other_working_capital
/operating_model/cells/upside_2027q4_other_operating_cash:upside/idNoneupside_2027q4_other_operating_cash
/operating_model/cells/upside_2027q4_other_operating_cash:upside/kindNonederived
/operating_model/cells/upside_2027q4_other_operating_cash:upside/labelNoneInterest tax and other working capital uses
/operating_model/cells/upside_2027q4_other_operating_cash:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_other_operating_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_other_operating_cash:upside/valueNone111.7
/operating_model/cells/upside_2027q4_other_revenue:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_other_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q4_other_revenue:upside/idNoneupside_2027q4_other_revenue
/operating_model/cells/upside_2027q4_other_revenue:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_other_revenue:upside/labelNoneOther revenue
/operating_model/cells/upside_2027q4_other_revenue:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_other_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_other_revenue:upside/valueNone8.5
/operating_model/cells/upside_2027q4_other_working_capital:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_other_working_capital:upside/caseNoneupside
/operating_model/cells/upside_2027q4_other_working_capital:upside/idNoneupside_2027q4_other_working_capital
/operating_model/cells/upside_2027q4_other_working_capital:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_other_working_capital:upside/labelNoneOther receivable/reinsurance cash use
/operating_model/cells/upside_2027q4_other_working_capital:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_other_working_capital:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_other_working_capital:upside/valueNone90.0
/operating_model/cells/upside_2027q4_premium:upside/basisNoneNo duplicate quota-share deduction under deposit accounting.
/operating_model/cells/upside_2027q4_premium:upside/caseNoneupside
/operating_model/cells/upside_2027q4_premium:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_premium:upside/formula/refs/0Noneupside_2027q4_direct_premiums
/operating_model/cells/upside_2027q4_premium:upside/formula/refs/1Noneupside_2027q4_premium_deductions
/operating_model/cells/upside_2027q4_premium:upside/idNoneupside_2027q4_premium
/operating_model/cells/upside_2027q4_premium:upside/kindNonederived
/operating_model/cells/upside_2027q4_premium:upside/labelNoneNet recognized premiums
/operating_model/cells/upside_2027q4_premium:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_premium:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_premium:upside/valueNone5724.999999999999
/operating_model/cells/upside_2027q4_premium_credit_loss:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_premium_credit_loss:upside/caseNoneupside
/operating_model/cells/upside_2027q4_premium_credit_loss:upside/idNoneupside_2027q4_premium_credit_loss
/operating_model/cells/upside_2027q4_premium_credit_loss:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_premium_credit_loss:upside/labelNoneNoncash premium credit-loss provision
/operating_model/cells/upside_2027q4_premium_credit_loss:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_premium_credit_loss:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_premium_credit_loss:upside/valueNone30.0
/operating_model/cells/upside_2027q4_premium_deductions:upside/basisNoneRisk adjustment reduces premium revenue, not incurred medical claims.
/operating_model/cells/upside_2027q4_premium_deductions:upside/caseNoneupside
/operating_model/cells/upside_2027q4_premium_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_premium_deductions:upside/formula/refs/0Noneupside_2027q4_risk_transfer
/operating_model/cells/upside_2027q4_premium_deductions:upside/formula/refs/1Noneupside_2027q4_ceded_other
/operating_model/cells/upside_2027q4_premium_deductions:upside/idNoneupside_2027q4_premium_deductions
/operating_model/cells/upside_2027q4_premium_deductions:upside/kindNonederived
/operating_model/cells/upside_2027q4_premium_deductions:upside/labelNoneRisk adjustment and non-quota reinsurance
/operating_model/cells/upside_2027q4_premium_deductions:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_premium_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_premium_deductions:upside/valueNone1125.0
/operating_model/cells/upside_2027q4_premium_realization:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_premium_realization:upside/caseNoneupside
/operating_model/cells/upside_2027q4_premium_realization:upside/idNoneupside_2027q4_premium_realization
/operating_model/cells/upside_2027q4_premium_realization:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_premium_realization:upside/labelNonePremium realization versus reference
/operating_model/cells/upside_2027q4_premium_realization:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_premium_realization:upside/unitNoneratio
/operating_model/cells/upside_2027q4_premium_realization:upside/valueNone1.0724166105985784
/operating_model/cells/upside_2027q4_revenue:upside/basisNoneInterest on insurance assets remains revenue but does not establish free parent cash.
/operating_model/cells/upside_2027q4_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q4_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/0Noneupside_2027q4_premium
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/1Noneupside_2027q4_investment_income
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/2Noneupside_2027q4_other_revenue
/operating_model/cells/upside_2027q4_revenue:upside/idNoneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q4_revenue:upside/labelNoneTotal revenue
/operating_model/cells/upside_2027q4_revenue:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_revenue:upside/valueNone5849.499999999999
/operating_model/cells/upside_2027q4_risk_transfer:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_risk_transfer:upside/caseNoneupside
/operating_model/cells/upside_2027q4_risk_transfer:upside/idNoneupside_2027q4_risk_transfer
/operating_model/cells/upside_2027q4_risk_transfer:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_risk_transfer:upside/labelNoneAccrued risk-adjustment transfers
/operating_model/cells/upside_2027q4_risk_transfer:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_risk_transfer:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_risk_transfer:upside/valueNone1120.0
/operating_model/cells/upside_2027q4_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q4_sbc:upside/idNoneupside_2027q4_sbc
/operating_model/cells/upside_2027q4_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_sbc:upside/labelNoneSBC cash-flow addback
/operating_model/cells/upside_2027q4_sbc:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_sbc:upside/valueNone30.0
/operating_model/cells/upside_2027q4_sga:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_sga:upside/caseNoneupside
/operating_model/cells/upside_2027q4_sga:upside/idNoneupside_2027q4_sga
/operating_model/cells/upside_2027q4_sga:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_sga:upside/labelNoneSG&A expense
/operating_model/cells/upside_2027q4_sga:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_sga:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_sga:upside/valueNone950.0
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/basisNoneNot a statutory surplus or dividend-capacity estimate.
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/formula/refs/0Noneupside_2027q4_timing_neutral_cfo
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/formula/refs/1Noneupside_2027q4_capex
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/idNoneupside_2027q4_timing_neutral_cash
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/kindNonederived
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/labelNoneCash excluding specified float and capex
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_timing_neutral_cash:upside/valueNone-69.2
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/basisNoneAnalytical CFO component before CMS and claims settlement timing.
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/formula/refs/0Noneupside_2027q4_operating_cash_bridge
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/formula/refs/1Noneupside_2027q4_other_operating_cash
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/idNoneupside_2027q4_timing_neutral_cfo
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/labelNoneCFO before specified float movements
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_timing_neutral_cfo:upside/valueNone-52.2
/operating_model/cells/upside_fy2026_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2026_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/0Noneh1_capex
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/1Noneupside_2026q3_capex
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/2Noneupside_2026q4_capex
/operating_model/cells/upside_fy2026_capex:upside/idNoneupside_fy2026_capex
/operating_model/cells/upside_fy2026_capex:upside/kindNonederived
/operating_model/cells/upside_fy2026_capex:upside/labelNoneCash PP&E and software ($M)
/operating_model/cells/upside_fy2026_capex:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_capex:upside/valueNone45.556
/operating_model/cells/upside_fy2026_cash_after_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_cash_after_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2026_cash_after_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_cash_after_capex:upside/formula/refs/0Noneh1_cash_after_capex
/operating_model/cells/upside_fy2026_cash_after_capex:upside/formula/refs/1Noneupside_2026q3_cash_after_capex
/operating_model/cells/upside_fy2026_cash_after_capex:upside/formula/refs/2Noneupside_2026q4_cash_after_capex
/operating_model/cells/upside_fy2026_cash_after_capex:upside/idNoneupside_fy2026_cash_after_capex
/operating_model/cells/upside_fy2026_cash_after_capex:upside/kindNonederived
/operating_model/cells/upside_fy2026_cash_after_capex:upside/labelNoneCFO less cash capex ($M)
/operating_model/cells/upside_fy2026_cash_after_capex:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_cash_after_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_cash_after_capex:upside/valueNone3525.3690000000015
/operating_model/cells/upside_fy2026_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2026_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/0Noneh1_cfo
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/1Noneupside_2026q3_cfo
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/2Noneupside_2026q4_cfo
/operating_model/cells/upside_fy2026_cfo:upside/idNoneupside_fy2026_cfo
/operating_model/cells/upside_fy2026_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2026_cfo:upside/labelNoneConsolidated operating cash flow ($M)
/operating_model/cells/upside_fy2026_cfo:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_cfo:upside/valueNone3570.925000000001
/operating_model/cells/upside_fy2026_claims_float:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_claims_float:upside/caseNoneupside
/operating_model/cells/upside_fy2026_claims_float:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_claims_float:upside/formula/refs/0Noneh1_claims_float
/operating_model/cells/upside_fy2026_claims_float:upside/formula/refs/1Noneupside_2026q3_claims_float
/operating_model/cells/upside_fy2026_claims_float:upside/formula/refs/2Noneupside_2026q4_claims_float
/operating_model/cells/upside_fy2026_claims_float:upside/idNoneupside_fy2026_claims_float
/operating_model/cells/upside_fy2026_claims_float:upside/kindNonederived
/operating_model/cells/upside_fy2026_claims_float:upside/labelNoneBenefits-payable cash-timing inflow ($M)
/operating_model/cells/upside_fy2026_claims_float:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_claims_float:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_claims_float:upside/valueNone828.05
/operating_model/cells/upside_fy2026_cms_flow:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_cms_flow:upside/caseNoneupside
/operating_model/cells/upside_fy2026_cms_flow:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_cms_flow:upside/formula/refs/0Noneh1_cms_flow
/operating_model/cells/upside_fy2026_cms_flow:upside/formula/refs/1Noneupside_2026q3_cms_flow
/operating_model/cells/upside_fy2026_cms_flow:upside/formula/refs/2Noneupside_2026q4_cms_flow
/operating_model/cells/upside_fy2026_cms_flow:upside/idNoneupside_fy2026_cms_flow
/operating_model/cells/upside_fy2026_cms_flow:upside/kindNonederived
/operating_model/cells/upside_fy2026_cms_flow:upside/labelNoneNet CMS cash-timing inflow ($M)
/operating_model/cells/upside_fy2026_cms_flow:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_cms_flow:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_cms_flow:upside/valueNone1820.473
/operating_model/cells/upside_fy2026_medical:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_medical:upside/caseNoneupside
/operating_model/cells/upside_fy2026_medical:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_medical:upside/formula/refs/0Noneh1_medical
/operating_model/cells/upside_fy2026_medical:upside/formula/refs/1Noneupside_2026q3_medical
/operating_model/cells/upside_fy2026_medical:upside/formula/refs/2Noneupside_2026q4_medical
/operating_model/cells/upside_fy2026_medical:upside/idNoneupside_fy2026_medical
/operating_model/cells/upside_fy2026_medical:upside/kindNonederived
/operating_model/cells/upside_fy2026_medical:upside/labelNoneMedical expense ($M)
/operating_model/cells/upside_fy2026_medical:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_medical:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_medical:upside/valueNone15194.302
/operating_model/cells/upside_fy2026_mlr:upside/basisNoneAnnual medical expense divided by annual net premiums, never a sum of quarterly ratios.
/operating_model/cells/upside_fy2026_mlr:upside/caseNoneupside
/operating_model/cells/upside_fy2026_mlr:upside/formula/opNonedivide
/operating_model/cells/upside_fy2026_mlr:upside/formula/refs/0Noneupside_fy2026_medical
/operating_model/cells/upside_fy2026_mlr:upside/formula/refs/1Noneupside_fy2026_premium
/operating_model/cells/upside_fy2026_mlr:upside/idNoneupside_fy2026_mlr
/operating_model/cells/upside_fy2026_mlr:upside/kindNonederived
/operating_model/cells/upside_fy2026_mlr:upside/labelNoneFY2026 medical loss ratio
/operating_model/cells/upside_fy2026_mlr:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_mlr:upside/unitNoneratio
/operating_model/cells/upside_fy2026_mlr:upside/valueNone0.8005346415602834
/operating_model/cells/upside_fy2026_operating_income:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_operating_income:upside/caseNoneupside
/operating_model/cells/upside_fy2026_operating_income:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/0Noneh1_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/1Noneupside_2026q3_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/2Noneupside_2026q4_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/idNoneupside_fy2026_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/kindNonederived
/operating_model/cells/upside_fy2026_operating_income:upside/labelNoneEarnings from operations ($M)
/operating_model/cells/upside_fy2026_operating_income:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_operating_income:upside/valueNone1129.720000000001
/operating_model/cells/upside_fy2026_premium:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_premium:upside/caseNoneupside
/operating_model/cells/upside_fy2026_premium:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_premium:upside/formula/refs/0Noneh1_premium
/operating_model/cells/upside_fy2026_premium:upside/formula/refs/1Noneupside_2026q3_premium
/operating_model/cells/upside_fy2026_premium:upside/formula/refs/2Noneupside_2026q4_premium
/operating_model/cells/upside_fy2026_premium:upside/idNoneupside_fy2026_premium
/operating_model/cells/upside_fy2026_premium:upside/kindNonederived
/operating_model/cells/upside_fy2026_premium:upside/labelNoneNet premium revenue ($M)
/operating_model/cells/upside_fy2026_premium:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_premium:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_premium:upside/valueNone18980.193
/operating_model/cells/upside_fy2026_revenue:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_revenue:upside/caseNoneupside
/operating_model/cells/upside_fy2026_revenue:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/0Noneh1_revenue
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/1Noneupside_2026q3_revenue
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/2Noneupside_2026q4_revenue
/operating_model/cells/upside_fy2026_revenue:upside/idNoneupside_fy2026_revenue
/operating_model/cells/upside_fy2026_revenue:upside/kindNonederived
/operating_model/cells/upside_fy2026_revenue:upside/labelNoneTotal revenue ($M)
/operating_model/cells/upside_fy2026_revenue:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_revenue:upside/valueNone19343.414
/operating_model/cells/upside_fy2026_sga:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_sga:upside/caseNoneupside
/operating_model/cells/upside_fy2026_sga:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_sga:upside/formula/refs/0Noneh1_sga
/operating_model/cells/upside_fy2026_sga:upside/formula/refs/1Noneupside_2026q3_sga
/operating_model/cells/upside_fy2026_sga:upside/formula/refs/2Noneupside_2026q4_sga
/operating_model/cells/upside_fy2026_sga:upside/idNoneupside_fy2026_sga
/operating_model/cells/upside_fy2026_sga:upside/kindNonederived
/operating_model/cells/upside_fy2026_sga:upside/labelNoneSelling general and administrative expense ($M)
/operating_model/cells/upside_fy2026_sga:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_sga:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_sga:upside/valueNone2992.3140000000003
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/caseNoneupside
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/formula/refs/0Noneh1_timing_neutral_cash
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/formula/refs/1Noneupside_2026q3_timing_neutral_cash
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/formula/refs/2Noneupside_2026q4_timing_neutral_cash
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/idNoneupside_fy2026_timing_neutral_cash
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/kindNonederived
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/labelNoneCash excluding specified float changes and capex ($M)
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_timing_neutral_cash:upside/valueNone876.8460000000005
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/formula/refs/0Noneh1_timing_neutral_cfo
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/formula/refs/1Noneupside_2026q3_timing_neutral_cfo
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/formula/refs/2Noneupside_2026q4_timing_neutral_cfo
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/idNoneupside_fy2026_timing_neutral_cfo
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/labelNoneCFO excluding CMS and claims float changes ($M)
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_timing_neutral_cfo:upside/valueNone922.4020000000005
/operating_model/cells/upside_fy2027_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2027_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/0Noneupside_2027q1_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/2Noneupside_2027q3_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/3Noneupside_2027q4_capex
/operating_model/cells/upside_fy2027_capex:upside/idNoneupside_fy2027_capex
/operating_model/cells/upside_fy2027_capex:upside/kindNonederived
/operating_model/cells/upside_fy2027_capex:upside/labelNoneCash PP&E and software ($M)
/operating_model/cells/upside_fy2027_capex:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_capex:upside/valueNone62.0
/operating_model/cells/upside_fy2027_cash_after_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_cash_after_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2027_cash_after_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_cash_after_capex:upside/formula/refs/0Noneupside_2027q1_cash_after_capex
/operating_model/cells/upside_fy2027_cash_after_capex:upside/formula/refs/1Noneupside_2027q2_cash_after_capex
/operating_model/cells/upside_fy2027_cash_after_capex:upside/formula/refs/2Noneupside_2027q3_cash_after_capex
/operating_model/cells/upside_fy2027_cash_after_capex:upside/formula/refs/3Noneupside_2027q4_cash_after_capex
/operating_model/cells/upside_fy2027_cash_after_capex:upside/idNoneupside_fy2027_cash_after_capex
/operating_model/cells/upside_fy2027_cash_after_capex:upside/kindNonederived
/operating_model/cells/upside_fy2027_cash_after_capex:upside/labelNoneCFO less cash capex ($M)
/operating_model/cells/upside_fy2027_cash_after_capex:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_cash_after_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_cash_after_capex:upside/valueNone2600.2000000000025
/operating_model/cells/upside_fy2027_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2027_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/0Noneupside_2027q1_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/1Noneupside_2027q2_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/2Noneupside_2027q3_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/3Noneupside_2027q4_cfo
/operating_model/cells/upside_fy2027_cfo:upside/idNoneupside_fy2027_cfo
/operating_model/cells/upside_fy2027_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2027_cfo:upside/labelNoneConsolidated operating cash flow ($M)
/operating_model/cells/upside_fy2027_cfo:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_cfo:upside/valueNone2662.2000000000025
/operating_model/cells/upside_fy2027_claims_float:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_claims_float:upside/caseNoneupside
/operating_model/cells/upside_fy2027_claims_float:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_claims_float:upside/formula/refs/0Noneupside_2027q1_claims_float
/operating_model/cells/upside_fy2027_claims_float:upside/formula/refs/1Noneupside_2027q2_claims_float
/operating_model/cells/upside_fy2027_claims_float:upside/formula/refs/2Noneupside_2027q3_claims_float
/operating_model/cells/upside_fy2027_claims_float:upside/formula/refs/3Noneupside_2027q4_claims_float
/operating_model/cells/upside_fy2027_claims_float:upside/idNoneupside_fy2027_claims_float
/operating_model/cells/upside_fy2027_claims_float:upside/kindNonederived
/operating_model/cells/upside_fy2027_claims_float:upside/labelNoneBenefits-payable cash-timing inflow ($M)
/operating_model/cells/upside_fy2027_claims_float:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_claims_float:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_claims_float:upside/valueNone690.0
/operating_model/cells/upside_fy2027_cms_flow:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_cms_flow:upside/caseNoneupside
/operating_model/cells/upside_fy2027_cms_flow:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_cms_flow:upside/formula/refs/0Noneupside_2027q1_cms_flow
/operating_model/cells/upside_fy2027_cms_flow:upside/formula/refs/1Noneupside_2027q2_cms_flow
/operating_model/cells/upside_fy2027_cms_flow:upside/formula/refs/2Noneupside_2027q3_cms_flow
/operating_model/cells/upside_fy2027_cms_flow:upside/formula/refs/3Noneupside_2027q4_cms_flow
/operating_model/cells/upside_fy2027_cms_flow:upside/idNoneupside_fy2027_cms_flow
/operating_model/cells/upside_fy2027_cms_flow:upside/kindNonederived
/operating_model/cells/upside_fy2027_cms_flow:upside/labelNoneNet CMS cash-timing inflow ($M)
/operating_model/cells/upside_fy2027_cms_flow:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_cms_flow:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_cms_flow:upside/valueNone700.0
/operating_model/cells/upside_fy2027_medical:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_medical:upside/caseNoneupside
/operating_model/cells/upside_fy2027_medical:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_medical:upside/formula/refs/0Noneupside_2027q1_medical
/operating_model/cells/upside_fy2027_medical:upside/formula/refs/1Noneupside_2027q2_medical
/operating_model/cells/upside_fy2027_medical:upside/formula/refs/2Noneupside_2027q3_medical
/operating_model/cells/upside_fy2027_medical:upside/formula/refs/3Noneupside_2027q4_medical
/operating_model/cells/upside_fy2027_medical:upside/idNoneupside_fy2027_medical
/operating_model/cells/upside_fy2027_medical:upside/kindNonederived
/operating_model/cells/upside_fy2027_medical:upside/labelNoneMedical expense ($M)
/operating_model/cells/upside_fy2027_medical:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_medical:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_medical:upside/valueNone18640.0
/operating_model/cells/upside_fy2027_operating_income:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_operating_income:upside/caseNoneupside
/operating_model/cells/upside_fy2027_operating_income:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/0Noneupside_2027q1_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/1Noneupside_2027q2_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/2Noneupside_2027q3_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/3Noneupside_2027q4_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/idNoneupside_fy2027_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/kindNonederived
/operating_model/cells/upside_fy2027_operating_income:upside/labelNoneEarnings from operations ($M)
/operating_model/cells/upside_fy2027_operating_income:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_operating_income:upside/valueNone1428.0000000000018
/operating_model/cells/upside_fy2027_premium:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_premium:upside/caseNoneupside
/operating_model/cells/upside_fy2027_premium:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_premium:upside/formula/refs/0Noneupside_2027q1_premium
/operating_model/cells/upside_fy2027_premium:upside/formula/refs/1Noneupside_2027q2_premium
/operating_model/cells/upside_fy2027_premium:upside/formula/refs/2Noneupside_2027q3_premium
/operating_model/cells/upside_fy2027_premium:upside/formula/refs/3Noneupside_2027q4_premium
/operating_model/cells/upside_fy2027_premium:upside/idNoneupside_fy2027_premium
/operating_model/cells/upside_fy2027_premium:upside/kindNonederived
/operating_model/cells/upside_fy2027_premium:upside/labelNoneNet premium revenue ($M)
/operating_model/cells/upside_fy2027_premium:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_premium:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_premium:upside/valueNone23380.0
/operating_model/cells/upside_fy2027_revenue:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_revenue:upside/caseNoneupside
/operating_model/cells/upside_fy2027_revenue:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/1Noneupside_2027q2_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/2Noneupside_2027q3_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/3Noneupside_2027q4_revenue
/operating_model/cells/upside_fy2027_revenue:upside/idNoneupside_fy2027_revenue
/operating_model/cells/upside_fy2027_revenue:upside/kindNonederived
/operating_model/cells/upside_fy2027_revenue:upside/labelNoneTotal revenue ($M)
/operating_model/cells/upside_fy2027_revenue:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_revenue:upside/valueNone23851.0
/operating_model/cells/upside_fy2027_sga:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_sga:upside/caseNoneupside
/operating_model/cells/upside_fy2027_sga:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_sga:upside/formula/refs/0Noneupside_2027q1_sga
/operating_model/cells/upside_fy2027_sga:upside/formula/refs/1Noneupside_2027q2_sga
/operating_model/cells/upside_fy2027_sga:upside/formula/refs/2Noneupside_2027q3_sga
/operating_model/cells/upside_fy2027_sga:upside/formula/refs/3Noneupside_2027q4_sga
/operating_model/cells/upside_fy2027_sga:upside/idNoneupside_fy2027_sga
/operating_model/cells/upside_fy2027_sga:upside/kindNonederived
/operating_model/cells/upside_fy2027_sga:upside/labelNoneSelling general and administrative expense ($M)
/operating_model/cells/upside_fy2027_sga:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_sga:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_sga:upside/valueNone3750.0
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/caseNoneupside
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/formula/refs/0Noneupside_2027q1_timing_neutral_cash
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/formula/refs/1Noneupside_2027q2_timing_neutral_cash
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/formula/refs/2Noneupside_2027q3_timing_neutral_cash
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/formula/refs/3Noneupside_2027q4_timing_neutral_cash
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/idNoneupside_fy2027_timing_neutral_cash
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/kindNonederived
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/labelNoneCash excluding specified float changes and capex ($M)
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_timing_neutral_cash:upside/valueNone1210.2000000000016
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/formula/refs/0Noneupside_2027q1_timing_neutral_cfo
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/formula/refs/1Noneupside_2027q2_timing_neutral_cfo
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/formula/refs/2Noneupside_2027q3_timing_neutral_cfo
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/formula/refs/3Noneupside_2027q4_timing_neutral_cfo
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/idNoneupside_fy2027_timing_neutral_cfo
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/labelNoneCFO excluding CMS and claims float changes ($M)
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_timing_neutral_cfo:upside/valueNone1272.2000000000016
/operating_model/cells/upside_h2_operating:upside/basisNoneRemaining-year seasonal earnings requirement.
/operating_model/cells/upside_h2_operating:upside/caseNoneupside
/operating_model/cells/upside_h2_operating:upside/formula/opNonesum
/operating_model/cells/upside_h2_operating:upside/formula/refs/0Noneupside_2026q3_operating_income
/operating_model/cells/upside_h2_operating:upside/formula/refs/1Noneupside_2026q4_operating_income
/operating_model/cells/upside_h2_operating:upside/idNoneupside_h2_operating
/operating_model/cells/upside_h2_operating:upside/kindNonederived
/operating_model/cells/upside_h2_operating:upside/labelNoneH2 operating earnings requirement
/operating_model/cells/upside_h2_operating:upside/periodNoneH2 2026
/operating_model/cells/upside_h2_operating:upside/unitNoneUSD_millions
/operating_model/cells/upside_h2_operating:upside/valueNone37.00000000000091
/operating_model/highlights/0Nonefy26_revenue
/operating_model/highlights/1Nonefy26_operating
/operating_model/highlights/10Nonebenefits_payable
/operating_model/highlights/11Noneparent_cash_investments
/operating_model/highlights/12Noneparent_restricted
/operating_model/highlights/13Nonestatutory_capital
/operating_model/highlights/14Noneexcess_statutory
/operating_model/highlights/15Nonenote_2031
/operating_model/highlights/16Nonebase_fy2026_mlr
/operating_model/highlights/17Nonebase_h2_operating
/operating_model/highlights/2Nonefy26_mlr_low
/operating_model/highlights/3Nonefy26_mlr_high
/operating_model/highlights/4Noneh1_operating_income
/operating_model/highlights/5Noneh1_cfo
/operating_model/highlights/6Noneh1_cms_flow
/operating_model/highlights/7Noneh1_claims_float
/operating_model/highlights/8Noneh1_timing_neutral_cash
/operating_model/highlights/9Nonecms_payables
/operating_model/limitations/0NoneThe September 16 Investor Day update supersedes August profit/MLR guidance: operating earnings $600-800M and MLR 81-82%. Revenue $18.7-19.0B and SG&A ratio 15.6-16.1% were reaffirmed.
/operating_model/limitations/1NoneJune effectuated members are an end-period metric, not average member months. The model uses an explicitly assumed average-member activity ratio and calibrated premium/cost realization; it is not a reported actuarial enrollment forecast.
/operating_model/limitations/2NoneMLR divides medical costs by net premiums before quota-share cession. The forecast retains risk adjustment in that denominator and models non-quota ceded premium separately. It does not deduct deposit-accounted quota-share premiums from GAAP revenue a second time.
/operating_model/limitations/3NoneH1 profitability is seasonal and cannot be doubled. Midpoint annual operating profit requires a combined H2 operating loss after $1.093B H1 earnings. Forward medical costs are independently budgeted to that seasonal requirement.
/operating_model/limitations/4NoneCMS risk-adjustment estimates are revised as market data arrives. The model does not forecast each state risk pool, policy change, subsidy regime or settlement cohort. CMS cash-flow assumptions cover net receivables/payables, not only the income-statement risk-transfer line.
/operating_model/limitations/5NoneInsurance cash and investments back liabilities and statutory capital. Removing net CMS/benefits-payable changes is a timing comparison, not a statutory dividend test or available parent cash calculation.
/operating_model/limitations/6NoneJune parent/noninsurance cash and investments were $462.3M including $9.6M restricted. H1 $300M subsidiary distributions were followed by $425.5M capital contributions, including funding a new Florida insurer. Intragroup transfers are not additional consolidated CFO.
/operating_model/limitations/7NoneThe $35M 2031 note was holder-convertible during Q3 under the disclosed price condition; cash/equity settlement is not forecast. No maturity principal is assumed within the horizon, but optional conversion, award withholding, acquisition/earn-out cash and financing claims remain outside displayed cash measures.
/operating_model/limitations/8NoneNo EPS, diluted valuation, full claims-reserve model or parent liquidity roll-forward. All FY2027 operating and CMS-timing assumptions are desk scenarios.
/operating_model/methodNoneDrive direct premiums and medical claims independently from normalized member activity, premium realization and medical cost per member. Deduct risk-adjustment transfers and ceded non-quota premiums to obtain recognized premium revenue; a risk-adjustment revision does not reduce incurred claims. Base FY2026 revenue and operating income match September 16 outlook midpoints and SG&A matches its ratio midpoint; implied MLR remains within the updated range. CFO separately shows net CMS receivable/payable timing and benefits-payable changes. Removing those two float movements gives an analytical timing comparison, not parent distributable cash.
/operating_model/metrics/capexNoneCash PP&E and software ($M)
/operating_model/metrics/cash_after_capexNoneCFO less cash capex ($M)
/operating_model/metrics/cfoNoneConsolidated operating cash flow ($M)
/operating_model/metrics/claims_floatNoneBenefits-payable cash-timing inflow ($M)
/operating_model/metrics/cms_flowNoneNet CMS cash-timing inflow ($M)
/operating_model/metrics/medicalNoneMedical expense ($M)
/operating_model/metrics/operating_incomeNoneEarnings from operations ($M)
/operating_model/metrics/premiumNoneNet premium revenue ($M)
/operating_model/metrics/revenueNoneTotal revenue ($M)
/operating_model/metrics/sgaNoneSelling general and administrative expense ($M)
/operating_model/metrics/timing_neutral_cashNoneCash excluding specified float changes and capex ($M)
/operating_model/metrics/timing_neutral_cfoNoneCFO excluding CMS and claims float changes ($M)
/operating_model/outputs/2026Q3:base/caseNonebase
/operating_model/outputs/2026Q3:base/frequencyNonequarter
/operating_model/outputs/2026Q3:base/metrics/capexNonebase_2026q3_capex
/operating_model/outputs/2026Q3:base/metrics/cash_after_capexNonebase_2026q3_cash_after_capex
/operating_model/outputs/2026Q3:base/metrics/cfoNonebase_2026q3_cfo
/operating_model/outputs/2026Q3:base/metrics/claims_floatNonebase_2026q3_claims_float
/operating_model/outputs/2026Q3:base/metrics/cms_flowNonebase_2026q3_cms_flow
/operating_model/outputs/2026Q3:base/metrics/medicalNonebase_2026q3_medical
/operating_model/outputs/2026Q3:base/metrics/operating_incomeNonebase_2026q3_operating_income
/operating_model/outputs/2026Q3:base/metrics/premiumNonebase_2026q3_premium
/operating_model/outputs/2026Q3:base/metrics/revenueNonebase_2026q3_revenue
/operating_model/outputs/2026Q3:base/metrics/sgaNonebase_2026q3_sga
/operating_model/outputs/2026Q3:base/metrics/timing_neutral_cashNonebase_2026q3_timing_neutral_cash
/operating_model/outputs/2026Q3:base/metrics/timing_neutral_cfoNonebase_2026q3_timing_neutral_cfo
/operating_model/outputs/2026Q3:base/periodNone2026Q3
/operating_model/outputs/2026Q3:base/period_endNone2026-09-30
/operating_model/outputs/2026Q3:base/values/capexNone12.0
/operating_model/outputs/2026Q3:base/values/cash_after_capexNone-2388.7
/operating_model/outputs/2026Q3:base/values/cfoNone-2376.7
/operating_model/outputs/2026Q3:base/values/claims_floatNone250.0
/operating_model/outputs/2026Q3:base/values/cms_flowNone-2600.0
/operating_model/outputs/2026Q3:base/values/medicalNone4000.0000000000005
/operating_model/outputs/2026Q3:base/values/operating_incomeNone3.0
/operating_model/outputs/2026Q3:base/values/premiumNone4700.0
/operating_model/outputs/2026Q3:base/values/revenueNone4800.0
/operating_model/outputs/2026Q3:base/values/sgaNone790.0
/operating_model/outputs/2026Q3:base/values/timing_neutral_cashNone-38.7
/operating_model/outputs/2026Q3:base/values/timing_neutral_cfoNone-26.700000000000003
/operating_model/outputs/2026Q3:downside/caseNonedownside
/operating_model/outputs/2026Q3:downside/frequencyNonequarter
/operating_model/outputs/2026Q3:downside/metrics/capexNonedownside_2026q3_capex
/operating_model/outputs/2026Q3:downside/metrics/cash_after_capexNonedownside_2026q3_cash_after_capex
/operating_model/outputs/2026Q3:downside/metrics/cfoNonedownside_2026q3_cfo
/operating_model/outputs/2026Q3:downside/metrics/claims_floatNonedownside_2026q3_claims_float
/operating_model/outputs/2026Q3:downside/metrics/cms_flowNonedownside_2026q3_cms_flow
/operating_model/outputs/2026Q3:downside/metrics/medicalNonedownside_2026q3_medical
/operating_model/outputs/2026Q3:downside/metrics/operating_incomeNonedownside_2026q3_operating_income
/operating_model/outputs/2026Q3:downside/metrics/premiumNonedownside_2026q3_premium
/operating_model/outputs/2026Q3:downside/metrics/revenueNonedownside_2026q3_revenue
/operating_model/outputs/2026Q3:downside/metrics/sgaNonedownside_2026q3_sga
/operating_model/outputs/2026Q3:downside/metrics/timing_neutral_cashNonedownside_2026q3_timing_neutral_cash
/operating_model/outputs/2026Q3:downside/metrics/timing_neutral_cfoNonedownside_2026q3_timing_neutral_cfo
/operating_model/outputs/2026Q3:downside/periodNone2026Q3
/operating_model/outputs/2026Q3:downside/period_endNone2026-09-30
/operating_model/outputs/2026Q3:downside/values/capexNone12.0
/operating_model/outputs/2026Q3:downside/values/cash_after_capexNone-3128.7
/operating_model/outputs/2026Q3:downside/values/cfoNone-3116.7
/operating_model/outputs/2026Q3:downside/values/claims_floatNone250.0
/operating_model/outputs/2026Q3:downside/values/cms_flowNone-2900.0
/operating_model/outputs/2026Q3:downside/values/medicalNone4200.0
/operating_model/outputs/2026Q3:downside/values/operating_incomeNone-437.0
/operating_model/outputs/2026Q3:downside/values/premiumNone4465.0
/operating_model/outputs/2026Q3:downside/values/revenueNone4565.0
/operating_model/outputs/2026Q3:downside/values/sgaNone795.0
/operating_model/outputs/2026Q3:downside/values/timing_neutral_cashNone-478.7
/operating_model/outputs/2026Q3:downside/values/timing_neutral_cfoNone-466.7
/operating_model/outputs/2026Q3:upside/caseNoneupside
/operating_model/outputs/2026Q3:upside/frequencyNonequarter
/operating_model/outputs/2026Q3:upside/metrics/capexNoneupside_2026q3_capex
/operating_model/outputs/2026Q3:upside/metrics/cash_after_capexNoneupside_2026q3_cash_after_capex
/operating_model/outputs/2026Q3:upside/metrics/cfoNoneupside_2026q3_cfo
/operating_model/outputs/2026Q3:upside/metrics/claims_floatNoneupside_2026q3_claims_float
/operating_model/outputs/2026Q3:upside/metrics/cms_flowNoneupside_2026q3_cms_flow
/operating_model/outputs/2026Q3:upside/metrics/medicalNoneupside_2026q3_medical
/operating_model/outputs/2026Q3:upside/metrics/operating_incomeNoneupside_2026q3_operating_income
/operating_model/outputs/2026Q3:upside/metrics/premiumNoneupside_2026q3_premium
/operating_model/outputs/2026Q3:upside/metrics/revenueNoneupside_2026q3_revenue
/operating_model/outputs/2026Q3:upside/metrics/sgaNoneupside_2026q3_sga
/operating_model/outputs/2026Q3:upside/metrics/timing_neutral_cashNoneupside_2026q3_timing_neutral_cash
/operating_model/outputs/2026Q3:upside/metrics/timing_neutral_cfoNoneupside_2026q3_timing_neutral_cfo
/operating_model/outputs/2026Q3:upside/periodNone2026Q3
/operating_model/outputs/2026Q3:upside/period_endNone2026-09-30
/operating_model/outputs/2026Q3:upside/values/capexNone12.0
/operating_model/outputs/2026Q3:upside/values/cash_after_capexNone-2083.7
/operating_model/outputs/2026Q3:upside/values/cfoNone-2071.7
/operating_model/outputs/2026Q3:upside/values/claims_floatNone250.0
/operating_model/outputs/2026Q3:upside/values/cms_flowNone-2500.0
/operating_model/outputs/2026Q3:upside/values/medicalNone4000.0
/operating_model/outputs/2026Q3:upside/values/operating_incomeNone208.0
/operating_model/outputs/2026Q3:upside/values/premiumNone4905.0
/operating_model/outputs/2026Q3:upside/values/revenueNone5005.0
/operating_model/outputs/2026Q3:upside/values/sgaNone790.0
/operating_model/outputs/2026Q3:upside/values/timing_neutral_cashNone166.3
/operating_model/outputs/2026Q3:upside/values/timing_neutral_cfoNone178.3
/operating_model/outputs/2026Q4:base/caseNonebase
/operating_model/outputs/2026Q4:base/frequencyNonequarter
/operating_model/outputs/2026Q4:base/metrics/capexNonebase_2026q4_capex
/operating_model/outputs/2026Q4:base/metrics/cash_after_capexNonebase_2026q4_cash_after_capex
/operating_model/outputs/2026Q4:base/metrics/cfoNonebase_2026q4_cfo
/operating_model/outputs/2026Q4:base/metrics/claims_floatNonebase_2026q4_claims_float
/operating_model/outputs/2026Q4:base/metrics/cms_flowNonebase_2026q4_cms_flow
/operating_model/outputs/2026Q4:base/metrics/medicalNonebase_2026q4_medical
/operating_model/outputs/2026Q4:base/metrics/operating_incomeNonebase_2026q4_operating_income
/operating_model/outputs/2026Q4:base/metrics/premiumNonebase_2026q4_premium
/operating_model/outputs/2026Q4:base/metrics/revenueNonebase_2026q4_revenue
/operating_model/outputs/2026Q4:base/metrics/sgaNonebase_2026q4_sga
/operating_model/outputs/2026Q4:base/metrics/timing_neutral_cashNonebase_2026q4_timing_neutral_cash
/operating_model/outputs/2026Q4:base/metrics/timing_neutral_cfoNonebase_2026q4_timing_neutral_cfo
/operating_model/outputs/2026Q4:base/periodNone2026Q4
/operating_model/outputs/2026Q4:base/period_endNone2026-12-31
/operating_model/outputs/2026Q4:base/values/capexNone13.0
/operating_model/outputs/2026Q4:base/values/cash_after_capexNone593.5799999999997
/operating_model/outputs/2026Q4:base/values/cfoNone606.5799999999997
/operating_model/outputs/2026Q4:base/values/claims_floatNone135.0
/operating_model/outputs/2026Q4:base/values/cms_flowNone900.0
/operating_model/outputs/2026Q4:base/values/medicalNone4110.895
/operating_model/outputs/2026Q4:base/values/operating_incomeNone-395.72000000000025
/operating_model/outputs/2026Q4:base/values/premiumNone4416.586
/operating_model/outputs/2026Q4:base/values/revenueNone4522.586
/operating_model/outputs/2026Q4:base/values/sgaNone800.4109999999998
/operating_model/outputs/2026Q4:base/values/timing_neutral_cashNone-441.42000000000024
/operating_model/outputs/2026Q4:base/values/timing_neutral_cfoNone-428.42000000000024
/operating_model/outputs/2026Q4:downside/caseNonedownside
/operating_model/outputs/2026Q4:downside/frequencyNonequarter
/operating_model/outputs/2026Q4:downside/metrics/capexNonedownside_2026q4_capex
/operating_model/outputs/2026Q4:downside/metrics/cash_after_capexNonedownside_2026q4_cash_after_capex
/operating_model/outputs/2026Q4:downside/metrics/cfoNonedownside_2026q4_cfo
/operating_model/outputs/2026Q4:downside/metrics/claims_floatNonedownside_2026q4_claims_float
/operating_model/outputs/2026Q4:downside/metrics/cms_flowNonedownside_2026q4_cms_flow
/operating_model/outputs/2026Q4:downside/metrics/medicalNonedownside_2026q4_medical
/operating_model/outputs/2026Q4:downside/metrics/operating_incomeNonedownside_2026q4_operating_income
/operating_model/outputs/2026Q4:downside/metrics/premiumNonedownside_2026q4_premium
/operating_model/outputs/2026Q4:downside/metrics/revenueNonedownside_2026q4_revenue
/operating_model/outputs/2026Q4:downside/metrics/sgaNonedownside_2026q4_sga
/operating_model/outputs/2026Q4:downside/metrics/timing_neutral_cashNonedownside_2026q4_timing_neutral_cash
/operating_model/outputs/2026Q4:downside/metrics/timing_neutral_cfoNonedownside_2026q4_timing_neutral_cfo
/operating_model/outputs/2026Q4:downside/periodNone2026Q4
/operating_model/outputs/2026Q4:downside/period_endNone2026-12-31
/operating_model/outputs/2026Q4:downside/values/capexNone13.0
/operating_model/outputs/2026Q4:downside/values/cash_after_capexNone-141.69999999999914
/operating_model/outputs/2026Q4:downside/values/cfoNone-128.69999999999914
/operating_model/outputs/2026Q4:downside/values/claims_floatNone135.0
/operating_model/outputs/2026Q4:downside/values/cms_flowNone700.0
/operating_model/outputs/2026Q4:downside/values/medicalNone4370.0
/operating_model/outputs/2026Q4:downside/values/operating_incomeNone-930.9999999999991
/operating_model/outputs/2026Q4:downside/values/premiumNone4165.000000000001
/operating_model/outputs/2026Q4:downside/values/revenueNone4271.000000000001
/operating_model/outputs/2026Q4:downside/values/sgaNone825.0
/operating_model/outputs/2026Q4:downside/values/timing_neutral_cashNone-976.6999999999991
/operating_model/outputs/2026Q4:downside/values/timing_neutral_cfoNone-963.6999999999991
/operating_model/outputs/2026Q4:upside/caseNoneupside
/operating_model/outputs/2026Q4:upside/frequencyNonequarter
/operating_model/outputs/2026Q4:upside/metrics/capexNoneupside_2026q4_capex
/operating_model/outputs/2026Q4:upside/metrics/cash_after_capexNoneupside_2026q4_cash_after_capex
/operating_model/outputs/2026Q4:upside/metrics/cfoNoneupside_2026q4_cfo
/operating_model/outputs/2026Q4:upside/metrics/claims_floatNoneupside_2026q4_claims_float
/operating_model/outputs/2026Q4:upside/metrics/cms_flowNoneupside_2026q4_cms_flow
/operating_model/outputs/2026Q4:upside/metrics/medicalNoneupside_2026q4_medical
/operating_model/outputs/2026Q4:upside/metrics/operating_incomeNoneupside_2026q4_operating_income
/operating_model/outputs/2026Q4:upside/metrics/premiumNoneupside_2026q4_premium
/operating_model/outputs/2026Q4:upside/metrics/revenueNoneupside_2026q4_revenue
/operating_model/outputs/2026Q4:upside/metrics/sgaNoneupside_2026q4_sga
/operating_model/outputs/2026Q4:upside/metrics/timing_neutral_cashNoneupside_2026q4_timing_neutral_cash
/operating_model/outputs/2026Q4:upside/metrics/timing_neutral_cfoNoneupside_2026q4_timing_neutral_cfo
/operating_model/outputs/2026Q4:upside/periodNone2026Q4
/operating_model/outputs/2026Q4:upside/period_endNone2026-12-31
/operating_model/outputs/2026Q4:upside/values/capexNone13.0
/operating_model/outputs/2026Q4:upside/values/cash_after_capexNone918.3000000000009
/operating_model/outputs/2026Q4:upside/values/cfoNone931.3000000000009
/operating_model/outputs/2026Q4:upside/values/claims_floatNone135.0
/operating_model/outputs/2026Q4:upside/values/cms_flowNone1000.0
/operating_model/outputs/2026Q4:upside/values/medicalNone4170.0
/operating_model/outputs/2026Q4:upside/values/operating_incomeNone-170.9999999999991
/operating_model/outputs/2026Q4:upside/values/premiumNone4705.000000000001
/operating_model/outputs/2026Q4:upside/values/revenueNone4811.000000000001
/operating_model/outputs/2026Q4:upside/values/sgaNone805.0
/operating_model/outputs/2026Q4:upside/values/timing_neutral_cashNone-216.69999999999908
/operating_model/outputs/2026Q4:upside/values/timing_neutral_cfoNone-203.69999999999908
/operating_model/outputs/2027Q1:base/caseNonebase
/operating_model/outputs/2027Q1:base/frequencyNonequarter
/operating_model/outputs/2027Q1:base/metrics/capexNonebase_2027q1_capex
/operating_model/outputs/2027Q1:base/metrics/cash_after_capexNonebase_2027q1_cash_after_capex
/operating_model/outputs/2027Q1:base/metrics/cfoNonebase_2027q1_cfo
/operating_model/outputs/2027Q1:base/metrics/claims_floatNonebase_2027q1_claims_float
/operating_model/outputs/2027Q1:base/metrics/cms_flowNonebase_2027q1_cms_flow
/operating_model/outputs/2027Q1:base/metrics/medicalNonebase_2027q1_medical
/operating_model/outputs/2027Q1:base/metrics/operating_incomeNonebase_2027q1_operating_income
/operating_model/outputs/2027Q1:base/metrics/premiumNonebase_2027q1_premium
/operating_model/outputs/2027Q1:base/metrics/revenueNonebase_2027q1_revenue
/operating_model/outputs/2027Q1:base/metrics/sgaNonebase_2027q1_sga
/operating_model/outputs/2027Q1:base/metrics/timing_neutral_cashNonebase_2027q1_timing_neutral_cash
/operating_model/outputs/2027Q1:base/metrics/timing_neutral_cfoNonebase_2027q1_timing_neutral_cfo
/operating_model/outputs/2027Q1:base/periodNone2027Q1
/operating_model/outputs/2027Q1:base/period_endNone2027-03-31
/operating_model/outputs/2027Q1:base/values/capexNone14.0
/operating_model/outputs/2027Q1:base/values/cash_after_capexNone1919.299999999999
/operating_model/outputs/2027Q1:base/values/cfoNone1933.299999999999
/operating_model/outputs/2027Q1:base/values/claims_floatNone150.0
/operating_model/outputs/2027Q1:base/values/cms_flowNone1300.0
/operating_model/outputs/2027Q1:base/values/medicalNone4100.0
/operating_model/outputs/2027Q1:base/values/operating_incomeNone518.4999999999991
/operating_model/outputs/2027Q1:base/values/premiumNone5414.999999999999
/operating_model/outputs/2027Q1:base/values/revenueNone5525.999999999999
/operating_model/outputs/2027Q1:base/values/sgaNone900.0
/operating_model/outputs/2027Q1:base/values/timing_neutral_cashNone469.2999999999991
/operating_model/outputs/2027Q1:base/values/timing_neutral_cfoNone483.2999999999991
/operating_model/outputs/2027Q1:downside/caseNonedownside
/operating_model/outputs/2027Q1:downside/frequencyNonequarter
/operating_model/outputs/2027Q1:downside/metrics/capexNonedownside_2027q1_capex
/operating_model/outputs/2027Q1:downside/metrics/cash_after_capexNonedownside_2027q1_cash_after_capex
/operating_model/outputs/2027Q1:downside/metrics/cfoNonedownside_2027q1_cfo
/operating_model/outputs/2027Q1:downside/metrics/claims_floatNonedownside_2027q1_claims_float
/operating_model/outputs/2027Q1:downside/metrics/cms_flowNonedownside_2027q1_cms_flow
/operating_model/outputs/2027Q1:downside/metrics/medicalNonedownside_2027q1_medical
/operating_model/outputs/2027Q1:downside/metrics/operating_incomeNonedownside_2027q1_operating_income
/operating_model/outputs/2027Q1:downside/metrics/premiumNonedownside_2027q1_premium
/operating_model/outputs/2027Q1:downside/metrics/revenueNonedownside_2027q1_revenue
/operating_model/outputs/2027Q1:downside/metrics/sgaNonedownside_2027q1_sga
/operating_model/outputs/2027Q1:downside/metrics/timing_neutral_cashNonedownside_2027q1_timing_neutral_cash
/operating_model/outputs/2027Q1:downside/metrics/timing_neutral_cfoNonedownside_2027q1_timing_neutral_cfo
/operating_model/outputs/2027Q1:downside/periodNone2027Q1
/operating_model/outputs/2027Q1:downside/period_endNone2027-03-31
/operating_model/outputs/2027Q1:downside/values/capexNone14.0
/operating_model/outputs/2027Q1:downside/values/cash_after_capexNone879.3
/operating_model/outputs/2027Q1:downside/values/cfoNone893.3
/operating_model/outputs/2027Q1:downside/values/claims_floatNone150.0
/operating_model/outputs/2027Q1:downside/values/cms_flowNone1100.0
/operating_model/outputs/2027Q1:downside/values/medicalNone4260.0
/operating_model/outputs/2027Q1:downside/values/operating_incomeNone-321.5
/operating_model/outputs/2027Q1:downside/values/premiumNone4665.0
/operating_model/outputs/2027Q1:downside/values/revenueNone4776.0
/operating_model/outputs/2027Q1:downside/values/sgaNone830.0
/operating_model/outputs/2027Q1:downside/values/timing_neutral_cashNone-370.7
/operating_model/outputs/2027Q1:downside/values/timing_neutral_cfoNone-356.7
/operating_model/outputs/2027Q1:upside/caseNoneupside
/operating_model/outputs/2027Q1:upside/frequencyNonequarter
/operating_model/outputs/2027Q1:upside/metrics/capexNoneupside_2027q1_capex
/operating_model/outputs/2027Q1:upside/metrics/cash_after_capexNoneupside_2027q1_cash_after_capex
/operating_model/outputs/2027Q1:upside/metrics/cfoNoneupside_2027q1_cfo
/operating_model/outputs/2027Q1:upside/metrics/claims_floatNoneupside_2027q1_claims_float
/operating_model/outputs/2027Q1:upside/metrics/cms_flowNoneupside_2027q1_cms_flow
/operating_model/outputs/2027Q1:upside/metrics/medicalNoneupside_2027q1_medical
/operating_model/outputs/2027Q1:upside/metrics/operating_incomeNoneupside_2027q1_operating_income
/operating_model/outputs/2027Q1:upside/metrics/premiumNoneupside_2027q1_premium
/operating_model/outputs/2027Q1:upside/metrics/revenueNoneupside_2027q1_revenue
/operating_model/outputs/2027Q1:upside/metrics/sgaNoneupside_2027q1_sga
/operating_model/outputs/2027Q1:upside/metrics/timing_neutral_cashNoneupside_2027q1_timing_neutral_cash
/operating_model/outputs/2027Q1:upside/metrics/timing_neutral_cfoNoneupside_2027q1_timing_neutral_cfo
/operating_model/outputs/2027Q1:upside/periodNone2027Q1
/operating_model/outputs/2027Q1:upside/period_endNone2027-03-31
/operating_model/outputs/2027Q1:upside/values/capexNone14.0
/operating_model/outputs/2027Q1:upside/values/cash_after_capexNone2444.3
/operating_model/outputs/2027Q1:upside/values/cfoNone2458.3
/operating_model/outputs/2027Q1:upside/values/claims_floatNone150.0
/operating_model/outputs/2027Q1:upside/values/cms_flowNone1600.0
/operating_model/outputs/2027Q1:upside/values/medicalNone4410.0
/operating_model/outputs/2027Q1:upside/values/operating_incomeNone743.5
/operating_model/outputs/2027Q1:upside/values/premiumNone5975.0
/operating_model/outputs/2027Q1:upside/values/revenueNone6086.0
/operating_model/outputs/2027Q1:upside/values/sgaNone925.0
/operating_model/outputs/2027Q1:upside/values/timing_neutral_cashNone694.3
/operating_model/outputs/2027Q1:upside/values/timing_neutral_cfoNone708.3
/operating_model/outputs/2027Q2:base/caseNonebase
/operating_model/outputs/2027Q2:base/frequencyNonequarter
/operating_model/outputs/2027Q2:base/metrics/capexNonebase_2027q2_capex
/operating_model/outputs/2027Q2:base/metrics/cash_after_capexNonebase_2027q2_cash_after_capex
/operating_model/outputs/2027Q2:base/metrics/cfoNonebase_2027q2_cfo
/operating_model/outputs/2027Q2:base/metrics/claims_floatNonebase_2027q2_claims_float
/operating_model/outputs/2027Q2:base/metrics/cms_flowNonebase_2027q2_cms_flow
/operating_model/outputs/2027Q2:base/metrics/medicalNonebase_2027q2_medical
/operating_model/outputs/2027Q2:base/metrics/operating_incomeNonebase_2027q2_operating_income
/operating_model/outputs/2027Q2:base/metrics/premiumNonebase_2027q2_premium
/operating_model/outputs/2027Q2:base/metrics/revenueNonebase_2027q2_revenue
/operating_model/outputs/2027Q2:base/metrics/sgaNonebase_2027q2_sga
/operating_model/outputs/2027Q2:base/metrics/timing_neutral_cashNonebase_2027q2_timing_neutral_cash
/operating_model/outputs/2027Q2:base/metrics/timing_neutral_cfoNonebase_2027q2_timing_neutral_cfo
/operating_model/outputs/2027Q2:base/periodNone2027Q2
/operating_model/outputs/2027Q2:base/period_endNone2027-06-30
/operating_model/outputs/2027Q2:base/values/capexNone15.0
/operating_model/outputs/2027Q2:base/values/cash_after_capexNone1539.8
/operating_model/outputs/2027Q2:base/values/cfoNone1554.8
/operating_model/outputs/2027Q2:base/values/claims_floatNone165.0
/operating_model/outputs/2027Q2:base/values/cms_flowNone1100.0
/operating_model/outputs/2027Q2:base/values/medicalNone4160.0
/operating_model/outputs/2027Q2:base/values/operating_incomeNone327.5
/operating_model/outputs/2027Q2:base/values/premiumNone5275.0
/operating_model/outputs/2027Q2:base/values/revenueNone5390.5
/operating_model/outputs/2027Q2:base/values/sgaNone895.0
/operating_model/outputs/2027Q2:base/values/timing_neutral_cashNone274.8
/operating_model/outputs/2027Q2:base/values/timing_neutral_cfoNone289.8
/operating_model/outputs/2027Q2:downside/caseNonedownside
/operating_model/outputs/2027Q2:downside/frequencyNonequarter
/operating_model/outputs/2027Q2:downside/metrics/capexNonedownside_2027q2_capex
/operating_model/outputs/2027Q2:downside/metrics/cash_after_capexNonedownside_2027q2_cash_after_capex
/operating_model/outputs/2027Q2:downside/metrics/cfoNonedownside_2027q2_cfo
/operating_model/outputs/2027Q2:downside/metrics/claims_floatNonedownside_2027q2_claims_float
/operating_model/outputs/2027Q2:downside/metrics/cms_flowNonedownside_2027q2_cms_flow
/operating_model/outputs/2027Q2:downside/metrics/medicalNonedownside_2027q2_medical
/operating_model/outputs/2027Q2:downside/metrics/operating_incomeNonedownside_2027q2_operating_income
/operating_model/outputs/2027Q2:downside/metrics/premiumNonedownside_2027q2_premium
/operating_model/outputs/2027Q2:downside/metrics/revenueNonedownside_2027q2_revenue
/operating_model/outputs/2027Q2:downside/metrics/sgaNonedownside_2027q2_sga
/operating_model/outputs/2027Q2:downside/metrics/timing_neutral_cashNonedownside_2027q2_timing_neutral_cash
/operating_model/outputs/2027Q2:downside/metrics/timing_neutral_cfoNonedownside_2027q2_timing_neutral_cfo
/operating_model/outputs/2027Q2:downside/periodNone2027Q2
/operating_model/outputs/2027Q2:downside/period_endNone2027-06-30
/operating_model/outputs/2027Q2:downside/values/capexNone15.0
/operating_model/outputs/2027Q2:downside/values/cash_after_capexNone99.79999999999995
/operating_model/outputs/2027Q2:downside/values/cfoNone114.79999999999995
/operating_model/outputs/2027Q2:downside/values/claims_floatNone165.0
/operating_model/outputs/2027Q2:downside/values/cms_flowNone800.0
/operating_model/outputs/2027Q2:downside/values/medicalNone4500.0
/operating_model/outputs/2027Q2:downside/values/operating_incomeNone-812.5
/operating_model/outputs/2027Q2:downside/values/premiumNone4395.0
/operating_model/outputs/2027Q2:downside/values/revenueNone4510.5
/operating_model/outputs/2027Q2:downside/values/sgaNone815.0
/operating_model/outputs/2027Q2:downside/values/timing_neutral_cashNone-865.2
/operating_model/outputs/2027Q2:downside/values/timing_neutral_cfoNone-850.2
/operating_model/outputs/2027Q2:upside/caseNoneupside
/operating_model/outputs/2027Q2:upside/frequencyNonequarter
/operating_model/outputs/2027Q2:upside/metrics/capexNoneupside_2027q2_capex
/operating_model/outputs/2027Q2:upside/metrics/cash_after_capexNoneupside_2027q2_cash_after_capex
/operating_model/outputs/2027Q2:upside/metrics/cfoNoneupside_2027q2_cfo
/operating_model/outputs/2027Q2:upside/metrics/claims_floatNoneupside_2027q2_claims_float
/operating_model/outputs/2027Q2:upside/metrics/cms_flowNoneupside_2027q2_cms_flow
/operating_model/outputs/2027Q2:upside/metrics/medicalNoneupside_2027q2_medical
/operating_model/outputs/2027Q2:upside/metrics/operating_incomeNoneupside_2027q2_operating_income
/operating_model/outputs/2027Q2:upside/metrics/premiumNoneupside_2027q2_premium
/operating_model/outputs/2027Q2:upside/metrics/revenueNoneupside_2027q2_revenue
/operating_model/outputs/2027Q2:upside/metrics/sgaNoneupside_2027q2_sga
/operating_model/outputs/2027Q2:upside/metrics/timing_neutral_cashNoneupside_2027q2_timing_neutral_cash
/operating_model/outputs/2027Q2:upside/metrics/timing_neutral_cfoNoneupside_2027q2_timing_neutral_cfo
/operating_model/outputs/2027Q2:upside/periodNone2027Q2
/operating_model/outputs/2027Q2:upside/period_endNone2027-06-30
/operating_model/outputs/2027Q2:upside/values/capexNone15.0
/operating_model/outputs/2027Q2:upside/values/cash_after_capexNone1904.8
/operating_model/outputs/2027Q2:upside/values/cfoNone1919.8
/operating_model/outputs/2027Q2:upside/values/claims_floatNone165.0
/operating_model/outputs/2027Q2:upside/values/cms_flowNone1300.0
/operating_model/outputs/2027Q2:upside/values/medicalNone4570.000000000001
/operating_model/outputs/2027Q2:upside/values/operating_incomeNone492.5
/operating_model/outputs/2027Q2:upside/values/premiumNone5885.000000000001
/operating_model/outputs/2027Q2:upside/values/revenueNone6000.500000000001
/operating_model/outputs/2027Q2:upside/values/sgaNone930.0
/operating_model/outputs/2027Q2:upside/values/timing_neutral_cashNone439.8
/operating_model/outputs/2027Q2:upside/values/timing_neutral_cfoNone454.8
/operating_model/outputs/FY2026:base/caseNonebase
/operating_model/outputs/FY2026:base/frequencyNoneyear
/operating_model/outputs/FY2026:base/metrics/capexNonebase_fy2026_capex
/operating_model/outputs/FY2026:base/metrics/cash_after_capexNonebase_fy2026_cash_after_capex
/operating_model/outputs/FY2026:base/metrics/cfoNonebase_fy2026_cfo
/operating_model/outputs/FY2026:base/metrics/claims_floatNonebase_fy2026_claims_float
/operating_model/outputs/FY2026:base/metrics/cms_flowNonebase_fy2026_cms_flow
/operating_model/outputs/FY2026:base/metrics/medicalNonebase_fy2026_medical
/operating_model/outputs/FY2026:base/metrics/operating_incomeNonebase_fy2026_operating_income
/operating_model/outputs/FY2026:base/metrics/premiumNonebase_fy2026_premium
/operating_model/outputs/FY2026:base/metrics/revenueNonebase_fy2026_revenue
/operating_model/outputs/FY2026:base/metrics/sgaNonebase_fy2026_sga
/operating_model/outputs/FY2026:base/metrics/timing_neutral_cashNonebase_fy2026_timing_neutral_cash
/operating_model/outputs/FY2026:base/metrics/timing_neutral_cfoNonebase_fy2026_timing_neutral_cfo
/operating_model/outputs/FY2026:base/periodNoneFY2026
/operating_model/outputs/FY2026:base/period_endNone2026-12-31
/operating_model/outputs/FY2026:base/values/capexNone45.556
/operating_model/outputs/FY2026:base/values/cash_after_capexNone2895.6490000000003
/operating_model/outputs/FY2026:base/values/cfoNone2941.205
/operating_model/outputs/FY2026:base/values/claims_floatNone828.05
/operating_model/outputs/FY2026:base/values/cms_flowNone1620.473
/operating_model/outputs/FY2026:base/values/medicalNone15135.197
/operating_model/outputs/FY2026:base/values/operating_incomeNone699.9999999999998
/operating_model/outputs/FY2026:base/values/premiumNone18486.779
/operating_model/outputs/FY2026:base/values/revenueNone18850.0
/operating_model/outputs/FY2026:base/values/sgaNone2987.7250000000004
/operating_model/outputs/FY2026:base/values/timing_neutral_cashNone447.12599999999935
/operating_model/outputs/FY2026:base/values/timing_neutral_cfoNone492.6819999999994
/operating_model/outputs/FY2026:downside/caseNonedownside
/operating_model/outputs/FY2026:downside/frequencyNoneyear
/operating_model/outputs/FY2026:downside/metrics/capexNonedownside_fy2026_capex
/operating_model/outputs/FY2026:downside/metrics/cash_after_capexNonedownside_fy2026_cash_after_capex
/operating_model/outputs/FY2026:downside/metrics/cfoNonedownside_fy2026_cfo
/operating_model/outputs/FY2026:downside/metrics/claims_floatNonedownside_fy2026_claims_float
/operating_model/outputs/FY2026:downside/metrics/cms_flowNonedownside_fy2026_cms_flow
/operating_model/outputs/FY2026:downside/metrics/medicalNonedownside_fy2026_medical
/operating_model/outputs/FY2026:downside/metrics/operating_incomeNonedownside_fy2026_operating_income
/operating_model/outputs/FY2026:downside/metrics/premiumNonedownside_fy2026_premium
/operating_model/outputs/FY2026:downside/metrics/revenueNonedownside_fy2026_revenue
/operating_model/outputs/FY2026:downside/metrics/sgaNonedownside_fy2026_sga
/operating_model/outputs/FY2026:downside/metrics/timing_neutral_cashNonedownside_fy2026_timing_neutral_cash
/operating_model/outputs/FY2026:downside/metrics/timing_neutral_cfoNonedownside_fy2026_timing_neutral_cfo
/operating_model/outputs/FY2026:downside/periodNoneFY2026
/operating_model/outputs/FY2026:downside/period_endNone2026-12-31
/operating_model/outputs/FY2026:downside/values/capexNone45.556
/operating_model/outputs/FY2026:downside/values/cash_after_capexNone1420.3690000000013
/operating_model/outputs/FY2026:downside/values/cfoNone1465.9250000000009
/operating_model/outputs/FY2026:downside/values/claims_floatNone828.05
/operating_model/outputs/FY2026:downside/values/cms_flowNone1120.473
/operating_model/outputs/FY2026:downside/values/medicalNone15594.302
/operating_model/outputs/FY2026:downside/values/operating_incomeNone-275.27999999999906
/operating_model/outputs/FY2026:downside/values/premiumNone18000.193
/operating_model/outputs/FY2026:downside/values/revenueNone18363.414
/operating_model/outputs/FY2026:downside/values/sgaNone3017.3140000000003
/operating_model/outputs/FY2026:downside/values/timing_neutral_cashNone-528.1539999999995
/operating_model/outputs/FY2026:downside/values/timing_neutral_cfoNone-482.59799999999944
/operating_model/outputs/FY2026:upside/caseNoneupside
/operating_model/outputs/FY2026:upside/frequencyNoneyear
/operating_model/outputs/FY2026:upside/metrics/capexNoneupside_fy2026_capex
/operating_model/outputs/FY2026:upside/metrics/cash_after_capexNoneupside_fy2026_cash_after_capex
/operating_model/outputs/FY2026:upside/metrics/cfoNoneupside_fy2026_cfo
/operating_model/outputs/FY2026:upside/metrics/claims_floatNoneupside_fy2026_claims_float
/operating_model/outputs/FY2026:upside/metrics/cms_flowNoneupside_fy2026_cms_flow
/operating_model/outputs/FY2026:upside/metrics/medicalNoneupside_fy2026_medical
/operating_model/outputs/FY2026:upside/metrics/operating_incomeNoneupside_fy2026_operating_income
/operating_model/outputs/FY2026:upside/metrics/premiumNoneupside_fy2026_premium
/operating_model/outputs/FY2026:upside/metrics/revenueNoneupside_fy2026_revenue
/operating_model/outputs/FY2026:upside/metrics/sgaNoneupside_fy2026_sga
/operating_model/outputs/FY2026:upside/metrics/timing_neutral_cashNoneupside_fy2026_timing_neutral_cash
/operating_model/outputs/FY2026:upside/metrics/timing_neutral_cfoNoneupside_fy2026_timing_neutral_cfo
/operating_model/outputs/FY2026:upside/periodNoneFY2026
/operating_model/outputs/FY2026:upside/period_endNone2026-12-31
/operating_model/outputs/FY2026:upside/values/capexNone45.556
/operating_model/outputs/FY2026:upside/values/cash_after_capexNone3525.3690000000015
/operating_model/outputs/FY2026:upside/values/cfoNone3570.925000000001
/operating_model/outputs/FY2026:upside/values/claims_floatNone828.05
/operating_model/outputs/FY2026:upside/values/cms_flowNone1820.473
/operating_model/outputs/FY2026:upside/values/medicalNone15194.302
/operating_model/outputs/FY2026:upside/values/operating_incomeNone1129.720000000001
/operating_model/outputs/FY2026:upside/values/premiumNone18980.193
/operating_model/outputs/FY2026:upside/values/revenueNone19343.414
/operating_model/outputs/FY2026:upside/values/sgaNone2992.3140000000003
/operating_model/outputs/FY2026:upside/values/timing_neutral_cashNone876.8460000000005
/operating_model/outputs/FY2026:upside/values/timing_neutral_cfoNone922.4020000000005
/operating_model/outputs/FY2027:base/caseNonebase
/operating_model/outputs/FY2027:base/frequencyNoneyear
/operating_model/outputs/FY2027:base/metrics/capexNonebase_fy2027_capex
/operating_model/outputs/FY2027:base/metrics/cash_after_capexNonebase_fy2027_cash_after_capex
/operating_model/outputs/FY2027:base/metrics/cfoNonebase_fy2027_cfo
/operating_model/outputs/FY2027:base/metrics/claims_floatNonebase_fy2027_claims_float
/operating_model/outputs/FY2027:base/metrics/cms_flowNonebase_fy2027_cms_flow
/operating_model/outputs/FY2027:base/metrics/medicalNonebase_fy2027_medical
/operating_model/outputs/FY2027:base/metrics/operating_incomeNonebase_fy2027_operating_income
/operating_model/outputs/FY2027:base/metrics/premiumNonebase_fy2027_premium
/operating_model/outputs/FY2027:base/metrics/revenueNonebase_fy2027_revenue
/operating_model/outputs/FY2027:base/metrics/sgaNonebase_fy2027_sga
/operating_model/outputs/FY2027:base/metrics/timing_neutral_cashNonebase_fy2027_timing_neutral_cash
/operating_model/outputs/FY2027:base/metrics/timing_neutral_cfoNonebase_fy2027_timing_neutral_cfo
/operating_model/outputs/FY2027:base/periodNoneFY2027
/operating_model/outputs/FY2027:base/period_endNone2027-12-31
/operating_model/outputs/FY2027:base/values/capexNone62.0
/operating_model/outputs/FY2027:base/values/cash_after_capexNone1260.1999999999991
/operating_model/outputs/FY2027:base/values/cfoNone1322.1999999999991
/operating_model/outputs/FY2027:base/values/claims_floatNone690.0
/operating_model/outputs/FY2027:base/values/cms_flowNone100.0
/operating_model/outputs/FY2027:base/values/medicalNone16890.0
/operating_model/outputs/FY2027:base/values/operating_incomeNone687.9999999999991
/operating_model/outputs/FY2027:base/values/premiumNone20730.0
/operating_model/outputs/FY2027:base/values/revenueNone21201.0
/operating_model/outputs/FY2027:base/values/sgaNone3590.0
/operating_model/outputs/FY2027:base/values/timing_neutral_cashNone470.1999999999991
/operating_model/outputs/FY2027:base/values/timing_neutral_cfoNone532.1999999999991
/operating_model/outputs/FY2027:downside/caseNonedownside
/operating_model/outputs/FY2027:downside/frequencyNoneyear
/operating_model/outputs/FY2027:downside/metrics/capexNonedownside_fy2027_capex
/operating_model/outputs/FY2027:downside/metrics/cash_after_capexNonedownside_fy2027_cash_after_capex
/operating_model/outputs/FY2027:downside/metrics/cfoNonedownside_fy2027_cfo
/operating_model/outputs/FY2027:downside/metrics/claims_floatNonedownside_fy2027_claims_float
/operating_model/outputs/FY2027:downside/metrics/cms_flowNonedownside_fy2027_cms_flow
/operating_model/outputs/FY2027:downside/metrics/medicalNonedownside_fy2027_medical
/operating_model/outputs/FY2027:downside/metrics/operating_incomeNonedownside_fy2027_operating_income
/operating_model/outputs/FY2027:downside/metrics/premiumNonedownside_fy2027_premium
/operating_model/outputs/FY2027:downside/metrics/revenueNonedownside_fy2027_revenue
/operating_model/outputs/FY2027:downside/metrics/sgaNonedownside_fy2027_sga
/operating_model/outputs/FY2027:downside/metrics/timing_neutral_cashNonedownside_fy2027_timing_neutral_cash
/operating_model/outputs/FY2027:downside/metrics/timing_neutral_cfoNonedownside_fy2027_timing_neutral_cfo
/operating_model/outputs/FY2027:downside/periodNoneFY2027
/operating_model/outputs/FY2027:downside/period_endNone2027-12-31
/operating_model/outputs/FY2027:downside/values/capexNone62.0
/operating_model/outputs/FY2027:downside/values/cash_after_capexNone-4069.800000000001
/operating_model/outputs/FY2027:downside/values/cfoNone-4007.800000000001
/operating_model/outputs/FY2027:downside/values/claims_floatNone690.0
/operating_model/outputs/FY2027:downside/values/cms_flowNone-800.0
/operating_model/outputs/FY2027:downside/values/medicalNone18110.0
/operating_model/outputs/FY2027:downside/values/operating_incomeNone-3742.000000000001
/operating_model/outputs/FY2027:downside/values/premiumNone17190.0
/operating_model/outputs/FY2027:downside/values/revenueNone17661.0
/operating_model/outputs/FY2027:downside/values/sgaNone3260.0
/operating_model/outputs/FY2027:downside/values/timing_neutral_cashNone-3959.800000000001
/operating_model/outputs/FY2027:downside/values/timing_neutral_cfoNone-3897.800000000001
/operating_model/outputs/FY2027:upside/caseNoneupside
/operating_model/outputs/FY2027:upside/frequencyNoneyear
/operating_model/outputs/FY2027:upside/metrics/capexNoneupside_fy2027_capex
/operating_model/outputs/FY2027:upside/metrics/cash_after_capexNoneupside_fy2027_cash_after_capex
/operating_model/outputs/FY2027:upside/metrics/cfoNoneupside_fy2027_cfo
/operating_model/outputs/FY2027:upside/metrics/claims_floatNoneupside_fy2027_claims_float
/operating_model/outputs/FY2027:upside/metrics/cms_flowNoneupside_fy2027_cms_flow
/operating_model/outputs/FY2027:upside/metrics/medicalNoneupside_fy2027_medical
/operating_model/outputs/FY2027:upside/metrics/operating_incomeNoneupside_fy2027_operating_income
/operating_model/outputs/FY2027:upside/metrics/premiumNoneupside_fy2027_premium
/operating_model/outputs/FY2027:upside/metrics/revenueNoneupside_fy2027_revenue
/operating_model/outputs/FY2027:upside/metrics/sgaNoneupside_fy2027_sga
/operating_model/outputs/FY2027:upside/metrics/timing_neutral_cashNoneupside_fy2027_timing_neutral_cash
/operating_model/outputs/FY2027:upside/metrics/timing_neutral_cfoNoneupside_fy2027_timing_neutral_cfo
/operating_model/outputs/FY2027:upside/periodNoneFY2027
/operating_model/outputs/FY2027:upside/period_endNone2027-12-31
/operating_model/outputs/FY2027:upside/values/capexNone62.0
/operating_model/outputs/FY2027:upside/values/cash_after_capexNone2600.2000000000025
/operating_model/outputs/FY2027:upside/values/cfoNone2662.2000000000025
/operating_model/outputs/FY2027:upside/values/claims_floatNone690.0
/operating_model/outputs/FY2027:upside/values/cms_flowNone700.0
/operating_model/outputs/FY2027:upside/values/medicalNone18640.0
/operating_model/outputs/FY2027:upside/values/operating_incomeNone1428.0000000000018
/operating_model/outputs/FY2027:upside/values/premiumNone23380.0
/operating_model/outputs/FY2027:upside/values/revenueNone23851.0
/operating_model/outputs/FY2027:upside/values/sgaNone3750.0
/operating_model/outputs/FY2027:upside/values/timing_neutral_cashNone1210.2000000000016
/operating_model/outputs/FY2027:upside/values/timing_neutral_cfoNone1272.2000000000016
/operating_model/reviewed_atNone2026-09-19
/operating_model/schema_versionNoneoperating_model.v1
/operating_model/titleNoneMember premiums, medical cost and CMS settlement cash
/research/change_noteNoneAdded September guidance, member/medical drivers and explicit CMS/claims-float cash comparison.
/research/checkpoints/0/date_statusNoneestimated
/research/checkpoints/0/eventNoneUpdated annual outcome
/research/checkpoints/0/timingNoneQ3 results; date unconfirmed
/research/checkpoints/0/watchNoneTest September guidance against H2 medical seasonality and revised risk adjustment.
/research/checkpoints/1/date_statusNoneestimated
/research/checkpoints/1/eventNoneCMS settlement
/research/checkpoints/1/timingNoneSubsequent cash-flow and balance-sheet filings
/research/checkpoints/1/watchNoneSeparate accrued transfers from actual receivable/payable cash settlements.
/research/checkpoints/2/date_statusNoneestimated
/research/checkpoints/2/eventNoneParent capital access
/research/checkpoints/2/timingNoneQuarterly capital disclosures
/research/checkpoints/2/watchNoneTrack approved distributions, contributions and remaining note conversion rights.
/research/countercaseNoneRisk-transfer estimates can reduce premium revenue without reducing the healthcare already provided. Seasonal medical costs, CMS payments and statutory capital needs can absorb much of apparent cash generation.
/research/economicsNoneH1 revenue was $9.527B and operating earnings $1.093B. September 16 guidance raised full-year operating earnings to $600-800M and lowered MLR to 81-82%, while reaffirming revenue $18.7-19.0B. The $700M base operating outcome therefore requires H2 losses of $392.7M. June CMS payables were $6.095B and benefits payable $1.898B. H1 CFO $4.711B included $3.320B net CMS inflow after receivables and $443.1M benefits-payable growth. Removing those movements and $20.6M capex leaves an analytical $927.2M, which is still not distributable parent cash. Parent/noninsurance cash and investments were $462.3M including $9.6M restricted. Insurance capital and surplus were about $1.9B, with estimated $994M above minimum requirements. H1 subsidiary distributions $300M were accompanied by $425.5M parent capital contributions.
/research/limitations/0NoneThe September 16 Investor Day update supersedes August profit/MLR guidance: operating earnings $600-800M and MLR 81-82%. Revenue $18.7-19.0B and SG&A ratio 15.6-16.1% were reaffirmed.
/research/limitations/1NoneJune effectuated members are an end-period metric, not average member months. The model uses an explicitly assumed average-member activity ratio and calibrated premium/cost realization; it is not a reported actuarial enrollment forecast.
/research/limitations/2NoneMLR divides medical costs by net premiums before quota-share cession. The forecast retains risk adjustment in that denominator and models non-quota ceded premium separately. It does not deduct deposit-accounted quota-share premiums from GAAP revenue a second time.
/research/limitations/3NoneH1 profitability is seasonal and cannot be doubled. Midpoint annual operating profit requires a combined H2 operating loss after $1.093B H1 earnings. Forward medical costs are independently budgeted to that seasonal requirement.
/research/limitations/4NoneCMS risk-adjustment estimates are revised as market data arrives. The model does not forecast each state risk pool, policy change, subsidy regime or settlement cohort. CMS cash-flow assumptions cover net receivables/payables, not only the income-statement risk-transfer line.
/research/limitations/5NoneInsurance cash and investments back liabilities and statutory capital. Removing net CMS/benefits-payable changes is a timing comparison, not a statutory dividend test or available parent cash calculation.
/research/limitations/6NoneJune parent/noninsurance cash and investments were $462.3M including $9.6M restricted. H1 $300M subsidiary distributions were followed by $425.5M capital contributions, including funding a new Florida insurer. Intragroup transfers are not additional consolidated CFO.
/research/limitations/7NoneThe $35M 2031 note was holder-convertible during Q3 under the disclosed price condition; cash/equity settlement is not forecast. No maturity principal is assumed within the horizon, but optional conversion, award withholding, acquisition/earn-out cash and financing claims remain outside displayed cash measures.
/research/limitations/8NoneNo EPS, diluted valuation, full claims-reserve model or parent liquidity roll-forward. All FY2027 operating and CMS-timing assumptions are desk scenarios.
/research/questionNoneCan premium pricing cover medical risk while preserving capital after large settlement obligations?
/research/reviewed_atNone2026-09-19
/research/risks/0NoneRisk-adjustment estimates can change materially with market data.
/research/risks/1NoneMedical utilization and cost trends may exceed pricing.
/research/risks/2NoneMembership retention and public-policy changes affect mix and affordability.
/research/risks/3NoneLarge CMS and claims settlements limit interpretation of cash balances.
/research/risks/4NoneSubsidiary capital cannot automatically be distributed to shareholders.
/research/titleNoneUnderwriting seasonality and the cash owed to CMS
/sources/0/retrievedNone2026-09-19
/sources/0/titleNoneQ2 financials, CMS liabilities and statutory/parent capital
/sources/0/urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000069/oscr-20260630.htm
/sources/1/retrievedNone2026-09-19
/sources/1/titleNoneQ2 membership and operating metrics
/sources/1/urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000066/oscarhealthsecondquarter20.htm
/sources/2/retrievedNone2026-09-19
/sources/2/titleNoneSeptember 16 raised operating-income and MLR outlook
/sources/2/urlNonehttps://www.sec.gov/Archives/edgar/data/1568651/000156865126000074/oscr-20260916.htm
/thesis/scenario_rangesNoneExplicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands.
/thesis/viewThe September outlook supports a profitable full year, but H1 earnings cannot be annualized and rising consolidated cash is substantially liability-backed. The model separately tests medical costs, risk-transfer revenue and settlement timing.
/thesis/what_changes_itTrack membership and risk-adjusted premiums alongside incurred medical costs; compare parent cash and statutory capital with consolidated cash-flow headlines.