Humana (HUM) Q2 Earnings Beat on Medicare Advantage Strength

Humana Inc. (HUM) posted second-quarter 2024 adjusted earnings per share (EPS) of $6.96, which surpassed the Zacks Consensus Estimate by 18.2%. However, the bottom line fell 22.1% year over year. Adjusted revenues improved 14.2% year over year to $29.4 billion. The top line beat the consensus mark by 2.6%. The quarterly results benefited from strong premium growth and increased service revenues, driven by expanding Medicare Advantage membership and an improved Primary Care business. However, the upside was ...