secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000049071-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907124000005/0000049071-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907124000005/hum-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000049071-24-000005

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