Humana Inc.’s stock rose 2.6% in premarket trade Wednesday, after the health insurance company topped earnings estimates for the second quarter and said the...
Humana Inc.’s stock HUM rose 2.6% in premarket trade Wednesday, after the health insurance company topped earnings estimates for the second quarter and said the Medicare Advantage utilization environment was improving based on recent claims activity. Louisville, Ky.-based Humana had per-share earnings of $7.66 for the quarter, up from $5.48 a year ago. Adjusted per-share earnings came to $8.94, ahead of the $8.76 FactSet consensus. Revenue rose to $26.747 billion from $23.
-based Humana had per-share earnings of $7.66 for the quarter, up from $5.48 a year ago. Adjusted per-share earnings came to $8.94, ahead of the $8.76 FactSet consensus. Revenue rose to $26.747 billion from $23.662 billion a year ago, also ahead of the $25.825 billion FactSet consensus. The company said its benefits expense ratio rose to 86.3% from 85.8% a year ago, but was within the previously provided guidance range of 86.3% to 87.3% for 2023.
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