Net income fell 51.9% to $38.0M, or $0.73 per diluted share, in the third quarter, from $79.0M, or $1.51 per diluted share, a year earlier.

Filed October 22, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 23, 2025 · ~1 min read

Key Changes

• medium

  Premium revenue decreased 3.5% to $10.46B in the third quarter, mainly reflects the impact of lower membership, partially offset by rate updates.

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• medium

  S&P downgraded the company's senior notes rating to BB- from BB in April 2026, which could adversely affect borrowing capacity and increase borrowing costs.

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• high

  In the quarter, pre-tax income fell 39.8% to $53.0M while net income fell 51.9% to $38.0M; income taxes were 28.3% of pre-tax income, against 10.2% a year earlier.

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