2Semana·

Humana Q1'25 Earnings Highlights

$HUM (+6,12%)


🔹 Adj. EPS: $11.58 (est. $10.09) 🟢; +60% YoY

🔹 Revenue: $32.11B (est. $32.22B) 🟡; +8.4% YoY

🔹 Insurance Segment Benefit Ratio: 87.4%


FY25 Guidance (Re-affirmed):

🔹 Adj. EPS: ~$16.25 (est. $16.35) 🟡

🔹 GAAP EPS: ~$14.68 (prior ~$15.88, est. $16.04) 🔴

🔹 Insurance Segment Benefit Ratio: 90.1%–90.5% (affirmed)

🔹 Expected FY Medicare Advantage membership decline: ~550K (due to strategic exits)


Strategic / Business Updates:

🔸 CenterWell Pharmacy named fulfillment partner for NovoCare®’s weight-loss Rx

🔸 Illinois to award Humana a contract under new Medicaid dual-eligibles program

🔸 Progressing in value-based care and Medicaid; confidence in long-term Medicare Advantage outlook


CEO Commentary:

🔸 “Medicare Advantage is performing as expected… we are confident in the growth outlook for value-based care and Medicare Advantage.” — Jim Rechtin, CEO

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