secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2026-10-09T10:01:26+00:00
Accession:  0000049071-26-000057
Event type: regulatory
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Humana tops CMS 2027 MA Star Ratings goal; affirms FY2026 adjusted EPS of at least $9.00
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- CMS final 2027 MA Star Ratings (Bonus Year 2028) issued Oct 8, 2026; Humana says it exceeded its Top Quartile goal, defined as Stars revenue PMPM 10% above peer group median.
- Peer group used for comparison: Centene, CVS, Elevance, HCSC and United; calculation normalizes with a $1,370 benchmark, 1.15 risk score and $222 rebate.
- Humana expects part of Bonus Year 2028 outperformance to be one-time, with the benefit funding one-time investments and shareholder returns; details due before or with Q4 2027 earnings.
- FY2026 adjusted EPS guidance reaffirmed at at least $9.00, unchanged from the July 29, 2026 release; GAAP EPS reconciliation not possible during Q3 2026 close.
- CEO Jim Rechtin posted supplementary audio commentary to Humana's IR page; a virtual investor update is set for Dec 10, 2026, marking to market the 2025 Investor Day framework.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907126000057/0000049071-26-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907126000057/hum-20261009.htm
  HTML page:      https://secwatch.observer/filing/0000049071-26-000057

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