Reported 27 days ago
Humana Inc. projected a more optimistic outlook for 2024 after third-quarter earnings surpassed expectations, contrasting larger competitors dealing with medical cost issues. The company reported adjusted earnings of $4.16 per share, exceeding analyst forecasts, and raised its yearly profit expectation to at least $16 per share. Despite past challenges, including unexpected expense increases and declining Medicare quality scores, Humana aims to maintain profitability in 2025 as it plans investments to enhance operations. The insurer is also considering a potential merger with Cigna Group, indicating a strategic move in a challenging insurance market.
Source: YAHOO