---
schema_version: "secwatch.filing_event.v1"
accession: "0000049071-23-000046"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:18:51.795292+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Humana Q2 adjusted EPS $8.94 beats $8.76 YoY; affirms FY adjusted EPS at least $28.25

## Summary
- GAAP EPS $7.66 vs $5.48 YoY; adjusted EPS $8.94 vs $8.76; revenue $26.7B (+13% GAAP).
- FY 2023 GAAP EPS guidance revised to at least $26.91 from at least $27.88; adjusted EPS affirmed at at least $28.25.
- Individual Medicare Advantage membership growth raised by 50k to ~825k (18% growth), above industry.
- Benefits expense ratio guidance affirmed at 86.3%-87.3%; CEO cites stabilizing utilization.
- Mid-term adjusted EPS target of $37 in 2025 reiterated; recent Medicaid wins in Indiana and Oklahoma.

## SEC filing metadata
- accession: 0000049071-23-000046
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000004907123000046/0000049071-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000004907123000046/hum-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049071-23-000046
- JSON: https://secwatch.observer/filing/0000049071-23-000046.json
- Plain text: https://secwatch.observer/filing/0000049071-23-000046.txt

## Key facts
- Earnings Releases
  HUMANA INC reported the quarter ended June 30, 2023 (2Q23) results: revenue $26,747, EPS $7.66.
  - Period: the quarter ended June 30, 2023 (2Q23)
  - Revenue: $26,747
  - EPS: $7.66
  - Result: reported results
  source text: by Humana on February 23, 2023 . 2 Humana Inc. Summary of Results ($ in millions, except per share amounts) 2Q23 (a) 2Q22 (b) YTD 2023 (c) YTD 2022 (d) CONSOLIDATED Revenues $26,747 $23,662 $53,489 $47,632 Revenues - Adjusted (non-GAAP) $25,733 $22,540 $51,385 $45,402 Pretax results $1,262 $1,122 $2,876 $2,342 Pretax results - Adjusted (non-GAAP) $1,470
  evidence_url: https://www.sec.gov/Archives/edgar/data/49071/000004907123000046/0000049071-23-000046-index.htm

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