Humana (HUM) surges on Q1 beat, reiterated adjusted earnings outlook
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Humana Reports First Quarter 2024 Financial Results; Affirms Full Year Adjusted 2024 Financial Guidance
April 24, 2024 6:30 AM EDTReports 1Q24 earnings per share (EPS) of $6.11 on a GAAP basis, Adjusted EPS of $7.23 Revises FY 2024 EPS guidance to 'approximately $13.93' (previously 'approximately $14.87') on a GAAP basis, while affirming Adjusted EPS of 'approximately $16.00'; affirms FY 2024 Insurance segment benefit ratio of approximately 90 percent Raises 2024 individual Medicare Advantage annual membership growth by 50,000 to now anticipate annual growth of approximately 150,000, or 2.8 percent Continues successful track record of organic expansion in Medicaid with recent contract wins in Florida, Texas, and Virginia Publishes prepared management remarks to Investor Relations page of... More
