secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0000049071-25-000048
Event type: regulatory
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907125000048/0000049071-25-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907125000048/hum-20251002.htm
  HTML page:      https://secwatch.observer/filing/0000049071-25-000048

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