---
schema_version: "secwatch.filing_event.v1"
accession: "0000049071-25-000048"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T04:59:27.870617+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Humana prelim 2026 MA Star Ratings: 20% members in 4+ star plans, avg 3.61; reaffirms FY2025 EPS guidance

## Summary
- 1.2M members (20%) in plans rated 4+ stars for 2026; average Star rating 3.61, consistent with 2025.
- 14% of members in 4.5 star plans in 2026, up from 3% in 2025.
- Affirms FY2025 GAAP EPS ~$13.77 and adjusted EPS ~$17.00; no change to multiyear earnings plan.
- Confident in 2026 Individual MA pricing/benefit design; expects double pre-tax margin ex-Stars and membership growth.
- Anticipates return to Top Quartile for 2027 MA Star Ratings; contract diversification expected to raise % of members in 4+ star contracts for 2027.

## SEC filing metadata
- accession: 0000049071-25-000048
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2025-10-02T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000004907125000048/0000049071-25-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000004907125000048/hum-20251002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049071-25-000048
- JSON: https://secwatch.observer/filing/0000049071-25-000048.json
- Plain text: https://secwatch.observer/filing/0000049071-25-000048.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.