Key Takeaways CVS reported Q1 MBR of 87.3%, up 310 bps year over year, aided by Medicare gains and reserve development. CVS booked a $431M reserve for expected losses related to individual exchange exit, adding 130 bps to MBR. CVS now expects full-year MBR of 91.3%, slightly better than its prior forecast of 91.5%.CVS Health (CVS) , through its Aetna business, uses the medical benefit ratio (MBR) to track the portion of premium revenues it spends on medical benefits for insured members. In the first quart ...

CVS Health (CVS) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 Good morning, and thank you all for attending the CVS Health Q1 twenty twenty five Earnings Conference Call. My name is Breeka, and I will be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I would now like to pass the conference over to your host, Larry McGrath, Chief Strategy Officer. Thank you. You may proceed, Larry. Speaker1 Goo ...

CVS Health (CVS) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Company Participants Larry McGrath - Executive VP, Chief Strategy Officer & Chief Strategic Advisor to the CEODavid Joyner - President & CEOThomas Cowhey - Executive Vice President & CFOSteve Nelson - Executive Vice President and President, AetnaLisa Gill - Managing DirectorPrem Shah - Executive Vice President and Group PresidentAndrew Mok - DirectorCharles Rhyee - Managing Director Conference Call Participants Justin Lake - Analyst - Healthcar ...