secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0000049071-25-000055
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907125000055/0000049071-25-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907125000055/hum-20251105.htm
  HTML page:      https://secwatch.observer/filing/0000049071-25-000055

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