Humana Q1 GAAP EPS $6.11 vs $9.87 YoY; guidance revised down on GAAP but adjusted affirmed

HUMANA INC

2024-Q1 EPS reported $6.11 revenue$29,611,000,000

GAAP EPS $6.11, down from $9.87 YoY; adjusted EPS $7.23 vs $9.38 YoY.
Revenue $29.6B, up from $26.7B YoY; benefit ratio rose to 88.9% from 85.5%.
FY 2024 GAAP EPS guidance lowered to ~$13.93 from ~$14.87; adjusted EPS affirmed at ~$16.00.
Individual Medicare Advantage membership growth raised by 50k to ~150k (2.8% annual).
Medicaid expansion with contract wins in Florida, Texas, and Virginia.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUMANA INC reported year ending December 31, 2024 results: EPS $16.00. Guidance reaffirmed.

Period: year ending December 31, 2024
EPS: $16.00
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Humana revised its GAAP EPS guidance for the year ending December 31, 2024 (FY 2024) to approximately $13.93 from approximately $14.87, while affirming its Adjusted EPS guidance of approximately $16.00.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUMANA INC reported quarter ended March 31, 2024 results: revenue $29,611, EPS $6.11.

Period: quarter ended March 31, 2024
Revenue: $29,611
EPS: $6.11
Result: reported results

Exact text from the filing

and segment statistics comparing 1Q24 to 1Q23 follows. 2 Humana Inc. Summary of Results ($ in millions, except per share amounts) 1Q24 (a) 1Q23 (a) CONSOLIDATED Revenues $29,611 $26,742 Revenues - Adjusted (non-GAAP) $29,332 $25,652 Pretax results $1,014 $1,614 Pretax results - Adjusted (non-GAAP) $1,191 $1,552 EPS $6.11 $9.87 EPS - Adjusted (non-GAAP)

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Source: SEC EDGAR

accession 0000049071-24-000021

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