Shares of Humana (HUM -11.69%) are down 11.7% on Thursday after the health insurance giant announced weaker-than-expected quarterly results and light profit guidance for the coming year.Higher medical costs are eating into Humana's profitsHumana's fourth-quarter revenue grew 17.9% year over year to $26.42 billion, beating expectations for revenue closer to $25.6 billion. On the bottom line, however, Humana swung to a non-GAAP (adjusted) quarterly net loss of $0.11 per share, compared to net income of $1.97 ...

Humana Inc. (HUM) delivered weak fourth-quarter 2023 earnings, driven by higher benefits expenses, operating costs and lower medical memberships. The rising costs trend forced the company to let go of the 2025 EPS target it provided earlier. The negatives were partially offset by premium growth, increased investment income and strength witnessed in the CenterWell unit.It posted adjusted earnings per share (EPS) of 11 cents, missing the Zacks Consensus Estimate of a loss of 7 cents. It reported an earnings o ...

Got it, makes sense. Thank you. Operator Our next question comes from the line of Sarah James with Cantor Fitzgerald. Sarah James Thank you. I was hoping you could give us more color on your claims clarity. So you made some comments earlier about waiting for more November claims clarity, and that sounds a little bit slower than I typically think of the industry getting 60% of the 30 day claims and 80% of the 60 day claims. So how much clarity do you guys have on November and December? Was there any kind of ...

Signage is displayed on a Humana Inc. office building in Louisville, Kentucky, U.S., on Sunday, Feb. 3, 2019. Humana is scheduled to release earnings figures on February 6. Photographer: Luke Sharrett/Bloomberg via Getty ImagesShares of Humana plummeted on Thursday after the health insurer issued dismal full-year earnings guidance, citing soaring medical costs that are dogging the broader insurance industry.Those expenses have spiked as an increasing number of older adults return to hospitals to undergo pro ...

Humana (HUM) reported $25.73 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.7%. EPS of -$0.11 for the same period compares to $1.62 a year ago.The reported revenue represents a surprise of +1.35% over the Zacks Consensus Estimate of $25.39 billion. With the consensus EPS estimate being -$0.07, the EPS surprise was -57.14%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Humana (HUM) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -57.14%. A quarter ago, it was expected that this health insurer would post earnings of $7.15 per share when it actually produced earnings of $7.78, delivering a surprise of 8.81%.Over the last four quarters, the company has sur ...

Humana Inc.’s stock HUM, -1.26% fell 17% early Thursday, after the managed care company’s quarterly loss widened amid soaring medical costs. Humana posted a loss of $491 million, or $4.42 a share, for the quarter, wider than the loss of $71 million, or 12 cents a share, posted in the year-earlier period. The company’s adjusted per-share loss came to 11 cents, while FactSet was expecting EPS of 89 cents. The number reflects additional increases in Medicare Advantage medical cost trends, which rose on higher- ...

LOUISVILLE, Ky.--(BUSINESS WIRE)--Leading health insurer and health care services company Humana Inc. (NYSE: HUM) announced today that it has named David Dintenfass as President of Enterprise Growth. In this new role, Dintenfass will have responsibility for leading the company’s growth plan with a primary focus on customer acquisition, retention, and experience. The creation of this position, and its emphasis on the customer and digital experience, will help Humana deliver on its long-term strategy and maxi ...

LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana Inc. (NYSE: HUM) today reported consolidated pretax results and net earnings (loss) per share (EPS) for the quarter ended December 31, 2023 (4Q23) versus the quarter ended December 31, 2022 (4Q22) and for the year ended December 31, 2023 (FY 2023) versus the year ended December 31, 2022 (FY 2022) as noted in the tables below. Consolidated (loss) income before income taxes and equity in net earnings (pretax results) In millions 4Q23 (a) 4Q22 (a) FY 2023 (a ...