secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000049071-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Humana posts Q4 GAAP loss of $4.42 per share; guides FY24 adj. EPS ~$16.00
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- Q4 GAAP loss per share $4.42; adjusted loss $0.11; FY23 GAAP EPS $20.00, adj. $26.09.
- Revenue $26.5B in Q4, up from $22.4B a year ago; benefits expense ratio rose to 90.7%.
- Higher Medicare Advantage inpatient utilization in Nov/Dec drove Q4 miss; costs assumed to persist in 2024.
- FY24 GAAP EPS guidance ~$14.87; adjusted ~$16.00, well below FY23 adjusted $26.09.
- Affirms ~100,000 individual Medicare Advantage membership growth (1.8%) for 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907124000007/0000049071-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907124000007/hum-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000049071-24-000007

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