Humana Cuts Earnings Outlook As Medical Costs Surge

Dow Jones

Nov 05

By Nicholas G. Miller

Humana reported lower third-quarter profit and slashed full-year earnings guidance as medical costs continue to surge, dragging down margins for the company's core Medicare Advantage business.

The health-insurance company on Wednesday reported net income of $1.62 a share, down from $3.98 a share the year prior.

Adjusted earnings were $3.24 a share. Analysts expected $2.93.

Revenue rose to $32.65 billion from $29.4 billion. Wall Street expected $32 billion.

The company's benefit ratio, which measures the proportion of premiums paid to cover medical costs, rose to 91.1% from 89.9% a year earlier.

Humana lowered its full-year earnings forecast to $12.26 a share, down from its previous guidance of $13.77 a share. It reiterated its adjusted-earnings outlook of $17 a share.

Analysts see earnings of $14.09 a share and adjusted earnings of $17.07 a share.

The Louisville, Ky., company said it now expects a decline of about 425,000 Medicare Advantage members for the year, up from its previous forecast of a decline of up to 500,000 members.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

November 05, 2025 06:22 ET (11:22 GMT)

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Humana reported lower third-quarter profit and slashed full-year earnings guidance as medical costs continue to surge, dragging down margins for the company's core Medicare Advantage business. \n</p>\n<p>\n  The health-insurance company on Wednesday reported net income of $1.62 a share, down from $3.98 a share the year prior. \n</p>\n<p>\n  Adjusted earnings were $3.24 a share. Analysts expected $2.93. \n</p>\n<p>\n  Revenue rose to $32.65 billion from $29.4 billion. Wall Street expected $32 billion. \n</p>\n<p>\n  The company's benefit ratio, which measures the proportion of premiums paid to cover medical costs, rose to 91.1% from 89.9% a year earlier. \n</p>\n<p>\n  Humana lowered its full-year earnings forecast to $12.26 a share, down from its previous guidance of $13.77 a share. 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Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2025 06:22 ET (11:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0070302665.USD","symbol_name":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2581725159","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581725159","pubTimestamp":1762341720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Humana reported lower third-quarter profit and slashed full-year earnings guidance as medical costs continue to surge, dragging down margins for the company's core Medicare Advantage business.The health-insurance company on Wednesday reported net income of $1.62 a share, down from $3.98 a share the year prior.Adjusted earnings were $3.24 a share. 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Miller \n\n\n \n\n\n  Humana reported lower third-quarter profit and slashed full-year earnings guidance as medical costs continue to surge, dragging down margins for the company's core Medicare Advantage business. \n\n\n  The health-insurance company on Wednesday reported net income of $1.62 a share, down from $3.98 a share the year prior. \n\n\n  Adjusted earnings were $3.24 a share. Analysts expected $2.93. \n\n\n  Revenue rose to $32.65 billion from $29.4 billion. Wall Street expected $32 billion. \n\n\n  The company's benefit ratio, which measures the proportion of premiums paid to cover medical costs, rose to 91.1% from 89.9% a year earlier. \n\n\n  Humana lowered its full-year earnings forecast to $12.26 a share, down from its previous guidance of $13.77 a share. It reiterated its adjusted-earnings outlook of $17 a share. \n\n\n  Analysts see earnings of $14.09 a share and adjusted earnings of $17.07 a share. \n\n\n  The Louisville, Ky., company said it now expects a decline of about 425,000 Medicare Advantage members for the year, up from its previous forecast of a decline of up to 500,000 members. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2025 06:22 ET (11:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}