secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000049071-24-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907124000021/0000049071-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907124000021/hum-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000049071-24-000021

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