Health insurance companies have traditionally generated the bulk of their revenue from insurance premiums. However, the largest national insurers have evolved their businesses to offer a wide array of different services. These healthcare giants have diversified outside the traditional insurance space and now generate significant revenue from alternative service offerings, such as pharmacy benefit managers (PBMs), provider groups, digital tools, and retail locations.

This interactive infographic displays the 2022 revenue breakdown by business segment for six of the largest national insurers, including Centene, Cigna, CVS, Elevance, Humana, and UnitedHealth Group. Click on each company name to view detailed information about their revenue sources. Click on each business segment to view detailed information about the trends in a particular segment.