secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0000049071-26-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Humana reports Q4 GAAP loss per share of $6.61, FY2025 adjusted EPS $17.14; FY2026 guided at least $8.89 GAAP
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- 4Q25 GAAP net loss per share $6.61; adjusted net loss per share $3.96; FY2025 GAAP EPS $9.84, adjusted EPS $17.14.
- FY2026 guidance: GAAP EPS at least $8.89, adjusted EPS at least $9.00, decline due to Star Ratings headwind.
- Insurance segment benefit ratio FY2025 90.4% slightly above guidance; individual MA membership up ~20% to 6.28M in Jan 2026.
- CenterWell added 100,600 patients in Senior Primary Care (over 25% growth); Medicaid footprint now 13 states.
- FY2025 operating cash flows $921M vs $2,966M prior year; debt-to-capitalization 41.1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907126000005/0000049071-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907126000005/hum-20260211.htm
  HTML page:      https://secwatch.observer/filing/0000049071-26-000005

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