secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000049071-23-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907123000046/0000049071-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907123000046/hum-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000049071-23-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer