---
schema_version: "secwatch.filing_event.v1"
accession: "0000049071-24-000005"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:12:12.596926+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Humana cuts FY2023 EPS to $20.00 GAAP/$26.09 adj; MA growth 100k vs prior guidance

## Summary
- FY2023 GAAP EPS ~$20.00, adjusted ~$26.09; Q4 adj benefit ratio 91.4% (prior 89.5%).
- Full-year adj benefit ratio 88.0% vs 87.5% guidance; driven by higher inpatient and outpatient utilization in Nov/Dec.
- 2024 MA membership growth now expected ~100k (1.8%), below prior call for 'at or slightly above industry average'.
- AEP sales volume in line but lower new member sales; higher D-SNP attrition from ongoing Medicaid redetermination.
- Company warns 2024 outlook material impact if trends continue; Q4 earnings call moved to Jan 25, 2024.

## SEC filing metadata
- accession: 0000049071-24-000005
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000004907124000005/0000049071-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000004907124000005/hum-20240118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049071-24-000005
- JSON: https://secwatch.observer/filing/0000049071-24-000005.json
- Plain text: https://secwatch.observer/filing/0000049071-24-000005.txt

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