secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000049071-23-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Humana Q3 Adj EPS $7.78 beats; raises MA membership 19% to 860k; affirms FY Adj EPS at least $28.25
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- GAAP EPS $6.71, Adj EPS $7.78; revenue $26.4B (+16% YoY).
- FY 2023 GAAP EPS guidance revised to 'at least $26.31' from $26.91; Adj EPS affirmed at 'at least $28.25' (up from initial $28.00).
- Individual MA membership growth raised by 35k to ~860k, 19% growth YoY, significantly above industry.
- 94% of MA members in 4-star+ contracts for 2024; 61% in 4.5+ stars; industry leader 6th consecutive year.
- Benefits expense ratio 86.6% (GAAP) vs 85.6% prior year; operating cost ratio improved to 12.5% from 13.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907123000062/0000049071-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907123000062/hum-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000049071-23-000062

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