secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000049071-24-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Humana Q2 GAAP EPS $5.62, Adj EPS $6.96; cuts FY GAAP guidance to ~$12.81
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- Q2 GAAP EPS $5.62 vs $7.66 YoY; adjusted EPS $6.96 vs $8.94 YoY; revenue $29.54B vs $26.75B.
- FY 2024 GAAP EPS guidance revised to ~$12.81 from ~$13.93; adjusted EPS guidance reaffirmed at ~$16.00.
- Benefits expense ratio rose to 89.0% from 86.3% YoY due to elevated Medicare Advantage medical cost trends.
- Individual Medicare Advantage annual membership growth estimate raised by 75k to ~225k (4.2% growth).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907124000037/0000049071-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907124000037/hum-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000049071-24-000037

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