---
schema_version: "secwatch.filing_event.v1"
accession: "0000049071-25-000055"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:26:55.512573+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Humana Q3 GAAP EPS $1.62 vs $3.98 prior year; affirms FY 2025 Adj. EPS $17.00; MA membership decline narrowed to ~425k

## Summary
- GAAP EPS $1.62, down 59% YoY from $3.98; Adjusted EPS $3.24 vs $4.16.
- Revenue $32.6B (+11% YoY); Insurance segment benefit ratio 91.1% vs 89.9%.
- FY 2025 GAAP EPS guidance revised to ~$12.26 from ~$13.77; Adjusted EPS reaffirmed at ~$17.00.
- Individual Medicare Advantage membership decline expected ~425k vs prior ~500k; better retention & sales.
- CenterWell Primary Care grew 15% (+56,600 patients) YTD; preparing for 2026 Medicaid expansions in MI, IL, SC.

## SEC filing metadata
- accession: 0000049071-25-000055
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000004907125000055/0000049071-25-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000004907125000055/hum-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049071-25-000055
- JSON: https://secwatch.observer/filing/0000049071-25-000055.json
- Plain text: https://secwatch.observer/filing/0000049071-25-000055.txt

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