---
schema_version: "secwatch.filing_event.v1"
accession: "0000049071-22-000069"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T15:47:36.234639+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Humana reports Q3 GAAP EPS $9.39, adjusted EPS $6.88; reaffirms FY2022 adjusted EPS ~$25.00

## Summary
- Q3 revenue $22.8B vs $20.7B a year ago; benefits expense ratio improved to 85.6% from 87.1%.
- Adjusted EPS $6.88 vs $4.83 in Q3 2021; YTD adjusted EPS $23.58 vs $19.40.
- FY2022 adjusted EPS guidance affirmed at ~$25.00, representing 21% growth over FY2021.
- 96% of Medicare Advantage members in 4-star+ contracts; 66% in 4.5+ star; industry leader.
- Anticipates 2023 individual MA membership growth of 325k-400k (7.1%-8.7% growth).

## SEC filing metadata
- accession: 0000049071-22-000069
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000004907122000069/0000049071-22-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000004907122000069/hum-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049071-22-000069
- JSON: https://secwatch.observer/filing/0000049071-22-000069.json
- Plain text: https://secwatch.observer/filing/0000049071-22-000069.txt

## Key facts
- Earnings Releases
  HUMANA INC reported the quarter ended September 30, 2022 (3Q22) results: revenue $22,799, EPS $9.39. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2022 (3Q22)
  - Revenue: $22,799
  - EPS: $9.39
  - Guidance: reaffirmed
  - Result: reported results
  source text: YTD 2022 to YTD 2021. 2 Humana Inc. Summary of Results (dollars in millions, except per share amounts) 3Q22 (a) 3Q21 (b) YTD 2022 (c) YTD 2021 (d) CONSOLIDATED Revenues - GAAP $22,799 $20,697 $70,431 $62,010 Revenues - Adjusted (non-GAAP) $22,748 $20,871 $70,550 $62,207 Pretax income - GAAP $1,297 $1,636 $3,639 $3,414 Pretax income - Adjusted (non-GAAP) $1,143
  evidence_url: https://www.sec.gov/Archives/edgar/data/49071/000004907122000069/0000049071-22-000069-index.htm
- Earnings Releases
  HUMANA INC reported the nine months ended September 30, 2022 (YTD 2022) results: revenue $70,431, EPS $22.16. Guidance reaffirmed.
  - Period: the nine months ended September 30, 2022 (YTD 2022)
  - Revenue: $70,431
  - EPS: $22.16
  - Guidance: reaffirmed
  - Result: reported results
  source text: 2021. 2 Humana Inc. Summary of Results (dollars in millions, except per share amounts) 3Q22 (a) 3Q21 (b) YTD 2022 (c) YTD 2021 (d) CONSOLIDATED Revenues - GAAP $22,799 $20,697 $70,431 $62,010 Revenues - Adjusted (non-GAAP) $22,748 $20,871 $70,550 $62,207 Pretax income - GAAP $1,297 $1,636 $3,639 $3,414 Pretax income - Adjusted (non-GAAP) $1,143 $802 $3,918
  evidence_url: https://www.sec.gov/Archives/edgar/data/49071/000004907122000069/0000049071-22-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.