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HUMHumana Inc.
$360.65$43.3B
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HUM logoHumana Inc.(HUM)Earnings, Financials & Key Ratios

HUM•NYSE•Insurance & Managed Care
36.7× P/E·Price updated Jun 19, 2026
SectorHealthcareIndustryHealth InsuranceSub-IndustryNational Multi-Line Health Insurers
AboutHumana Inc., together with its subsidiaries, operates as a health and well-being company in the United States. It operates through three segments: Retail, Group and Specialty, and Healthcare Services. The company offers medical and supplemental benefit plans to individuals. It also has a contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits. In addition, the company provides commercial fully insured medical and specialty health insurance benefits comprising dental, vision, and other supplemental health benefits; and administrative services only products to individuals and employer groups, as well as military services, such as TRICARE T2017 East Region contract. Further, it offers pharmacy solutions, provider services, and home solutions services, such as home health and other services to its health plan members, as well as to third parties. As of December 31, 2021, the company had approximately 17 million members in medical benefit plans, as well as approximately 5 million members in specialty products. Humana Inc. was founded in 1961 and is headquartered in Louisville, Kentucky.Show more
  • Revenue$129.66B+10.1%
  • Combined Ratio98.88%+0.3%
  • Net Income$1.19B-1.6%
  • Return on Equity6.95%-5.7%
  • Medical Cost Ratio85.46%
  • Operating Margin1.12%-18.9%
  • Net Margin0.92%-10.6%
  • ROA2.5%-3.5%
  • Equity / Assets36.38%+2.5%

HUM Key Insights

Humana Inc. (HUM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 93 (top 7%)

✗Weaknesses

  • ✗Profits declining 18.8% over 5 years
  • ✗High loss ratio of 85.5%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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HUM Price & Volume

Humana Inc. (HUM) stock price & volume — 10-year historical chart

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HUM Growth Metrics

Humana Inc. (HUM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.1%
5 Years10.93%
3 Years11.75%
TTM14.08%

Profit CAGR

10 Years-0.71%
5 Years-18.81%
3 Years-24.91%
TTM-33.92%

EPS CAGR

10 Years1.55%
5 Years-17.22%
3 Years-23.62%
TTM-33.92%

Return on Capital

10 Years11.12%
5 Years8.12%
3 Years6.17%
Last Year3.95%

HUM Recent Earnings

Humana Inc. (HUM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$10.31+0.7%
$10.24
Rev
$39.6B+0.7%
$39.4B
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$3.96+1.0%
$4.00
Rev
$32.5B+1.5%
$32.0B
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$3.24+10.6%
$2.93
Rev
$32.6B+2.0%
$32.0B
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$6.27+5.9%
$5.92
Rev
$32.4B+1.6%
$31.9B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$10.31vs $10.24+0.7%
$39.6Bvs $39.4B+0.7%
Q1 2026Feb 11, 2026
$3.96vs $4.00+1.0%
$32.5Bvs $32.0B+1.5%
Q4 2025Nov 5, 2025
$3.24vs $2.93+10.6%
$32.6Bvs $32.0B+2.0%
Q3 2025Jul 30, 2025
$6.27vs $5.92+5.9%
$32.4Bvs $31.9B+1.6%
Based on last 12 quarters of dataView full earnings history →

HUM Peer Comparison

Humana Inc. (HUM) competitors in National Multi-Line Health Insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
UNH logoUNHUnitedHealth Group IncorporatedDirect Competitor363.94B400.9630.3111.81%2.68%11.54%0.77
CVS logoCVSCVS Health CorporationDirect Competitor125.45B98.3270.737.85%0.72%3.86%1.24
ELV logoELVElevance Health Inc.Direct Competitor84.37B388.5015.4712.62%2.62%11.92%0.75
CNC logoCNCCentene CorporationDirect Competitor30.13B61.02-4.4819.44%-3.25%-28.6%0.94
MOH logoMOHMolina Healthcare, Inc.Direct Competitor10.18B195.3721.9011.75%0.42%4.44%0.97
ALHC logoALHCAlignment Healthcare, Inc.Product Competitor4.47B21.86-5908.1146.06%0.47%11.5%1.89
OSCR logoOSCROscar Health, Inc.Product Competitor7.36B28.40-16.8027.5%-0.3%-3.26%0.44
CLOV logoCLOVClover Health Investments, Corp.Product Competitor2.59B5.00-29.4140.34%-2.58%-17.08%

Compare HUM vs Peers

Humana Inc. (HUM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs UNH

Most directly comparable listed peer for HUM.

Scale Benchmark

vs CVS

Larger-name benchmark to compare HUM against a more recognizable public peer.

Peer Set

Compare Top 5

vs UNH, CVS, ELV, CNC

HUM Income Statement

Humana Inc. (HUM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
53.8B56.94B64.93B77.19B83.65B92.92B106.44B117.81B129.66B137.2B
Revenue Growth %
-1.11%5.84%14.03%18.88%8.37%11.09%14.55%10.68%10.06%14.08%
Medical Costs & Claims
43.39B45.75B53.74B61.5B69.2B75.69B88.39B100.66B110.81B117.98B
Medical Cost Ratio %
80.65%80.35%82.76%79.67%82.73%81.46%83.05%85.45%85.46%85.99%
Gross Profit
7.08B▲ 0%
11.19B▲ 58.0%
11.19B▲ 0.0%
15.69B▲ 40.2%
14.45B▼ 7.9%
17.23B▲ 19.3%
18.05B▲ 4.7%
17.15B▼ 5.0%
18.85B▲ 9.9%
19.22B▲ 0%
Gross Margin %
13.17%19.65%17.24%20.33%17.27%18.54%16.95%14.55%14.54%14.01%
Gross Profit Growth %
-8.79%57.95%0.02%40.18%-7.91%19.26%4.72%-4.98%9.94%-
Operating Expenses
7.08B9.12B7.72B11.02B11.03B13.67B14.73B15.52B17.4B17.83B
OpEx / Revenue %
13.17%16.01%11.89%14.27%13.19%14.71%13.84%13.17%13.42%13%
Depreciation & Amortization
485M534M575M616M713M845M917M968M824M803M
Combined Ratio %
93.82%96.36%94.66%93.94%95.91%96.16%96.88%98.62%98.88%98.99%
Operating Income
3.33B▲ 0%
2.07B▼ 37.6%
3.47B▲ 67.3%
4.67B▲ 34.7%
3.42B▼ 26.9%
3.56B▲ 4.2%
3.32B▼ 6.8%
1.63B▼ 51.0%
1.45B▼ 10.7%
1.38B▲ 0%
Operating Margin %
6.18%3.64%5.34%6.06%4.09%3.84%3.12%1.38%1.12%1.01%
Operating Income Growth %
91.04%-37.64%67.31%34.7%-26.85%4.24%-6.85%-50.99%-10.69%-
EBITDA
3.81B2.61B4.04B5.29B4.13B4.41B4.24B2.6B2.28B2.19B
EBITDA Margin %
7.08%4.58%6.23%6.85%4.94%4.74%3.98%2.2%1.76%1.59%
Interest Expense
242M218M242M283M326M401M493M660M631M664M
Non-Operating Income
694M-218M-242M-283M-326M-401M-493M-660M-631M-664M
Pretax Income
4.02B▲ 0%
2.07B▼ 48.4%
3.47B▲ 67.3%
4.67B▲ 34.7%
3.42B▼ 26.9%
3.56B▲ 4.2%
3.32B▼ 6.8%
1.63B▼ 51.0%
1.45B▼ 10.7%
1.38B▲ 0%
Pretax Margin %
7.47%3.64%5.34%6.06%4.09%3.84%3.12%1.38%1.12%1.01%
Income Tax
1.57B391M763M1.31B485M762M836M413M250M239M
Effective Tax Rate %
39.1%18.85%21.99%27.96%14.19%21.38%25.18%25.38%17.21%17.27%
Net Income
2.45B▲ 0%
1.68B▼ 31.3%
2.71B▲ 60.8%
3.37B▲ 24.4%
2.93B▼ 12.9%
2.81B▼ 4.3%
2.49B▼ 11.3%
1.21B▼ 51.5%
1.19B▼ 1.6%
1.13B▲ 0%
Net Margin %
4.55%2.96%4.17%4.36%3.51%3.02%2.34%1.02%0.92%0.82%
Net Income Growth %
298.7%-31.25%60.84%24.38%-12.89%-4.33%-11.3%-51.51%-1.57%-33.92%
EPS (Diluted)
16.81▲ 0%
12.16▼ 27.7%
20.10▲ 65.3%
25.31▲ 25.9%
22.67▼ 10.4%
22.08▼ 2.6%
20.00▼ 9.4%
9.98▼ 50.1%
9.84▼ 1.4%
9.37▲ 0%
EPS Growth %
313.02%-27.66%65.3%25.92%-10.43%-2.6%-9.42%-50.1%-1.4%-33.92%
EPS (Basic)
16.9412.2420.1925.4722.7922.2020.0910.019.87-
Diluted Shares Outstanding
145.58M138.4M134.73M133.01M129.4M127.09M124.44M120.87M120.83M120.65M

HUM Balance Sheet

Humana Inc. (HUM) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
26.68B25.34B29.04B35.08B44.75B43.73B46.89B46.31B48.75B55.28B
Asset Growth %
3.38%-5.02%14.6%20.78%27.57%-2.29%7.24%-1.24%5.26%13.76%
Total Investment Assets
12.3B11.48B12.44B14.94B14.11B15.01B17.75B19.33B16.83B4M
Long-Term Investments
12.3B11.48B12.44B14.94B14.11B15.01B17.75B19.33B16.83B54.63B
Short-Term Investments
00000000017.01B
Total Current Assets
4.9B3.36B5.11B5.81B5.21B6.74B6.73B4.92B7.47B27.18B
Cash & Equivalents
4.04B2.34B4.05B4.67B3.39B5.06B4.69B2.22B4.2B4.95B
Receivables
854M1.01B1.06B1.14B1.81B1.67B2.04B2.7B3.27B15.68B
Other Current Assets
0000000000
Goodwill & Intangibles
3.51B4.14B4.11B4.78B13.73B10.91B11.24B11.07B10.81B43.16B
Goodwill
3.28B3.9B3.93B4.45B11.09B9.14B9.55B9.63B9.69B10.49B
Intangible Assets
226M245M177M329M2.64B1.76B1.69B1.44B1.13B0
PP&E (Net)
1.58B1.74B2.37B2.81B3.75B3.74B3.54B2.98B2.72B2.17B
Other Assets
3.85B4.38B4.79B6.44B7.37B6.49B7.58B7.74B10.83B14.18B
Total Liabilities
16.84B15.18B17.01B21.35B28.64B28.36B30.57B29.87B31.01B36.63B
Total Debt
4.92B6.07B6.11B7.14B13.22B11.75B12.27B12.26B12.94B13.99B
Net Debt
878M3.73B2.06B2.47B9.83B6.69B7.58B10.04B8.74B9.04B
Long-Term Debt
4.77B4.38B4.97B6.06B10.54B9.03B10.21B11.14B12.37B12.27B
Short-Term Debt
150M1.69B815M729M2.14B2.26B1.61B724M150M1.72B
Total Current Liabilities
4.37B6.53B6.8B9B10.49B11.63B11.95B11.26B10.31B21.51B
Accounts Payable
3.84B4.55B5.74B7.95B8.1B9.08B10.07B10.27B9.81B19.22B
Deferred Revenue
378M283M247M318M254M286M266M260M356M0
Other Current Liabilities
000000000269M
Deferred Taxes
1000K1000K1000K1000K1000K1000K0000
Other Liabilities
7.37B3.95B4.33B4.98B5.79B6.36B7.97B7.07B7.91B2.58B
Total Equity
9.84B▲ 0%
10.16B▲ 3.2%
12.04B▲ 18.5%
13.73B▲ 14.0%
16.1B▲ 17.3%
15.37B▼ 4.6%
16.32B▲ 6.2%
16.45B▲ 0.8%
17.74B▲ 7.9%
18.65B▲ 0%
Equity Growth %
-7.89%3.24%18.46%14.05%17.3%-4.55%6.17%0.78%7.86%27.3%
Shareholders Equity
9.84B10.16B12.04B13.73B16.08B15.31B16.26B16.38B17.66B18.58B
Minority Interest
000023M59M56M70M80M66M
Retained Earnings
13.67B15.07B17.48B20.52B23.09B25.49B27.54B28.32B29.07B30.15B
Common Stock
33M33M33M33M33M33M33M33M33M33M
Accumulated OCI
19M-159M156M391M42M-1.3B-999M-1.07B-633M-731M
Return on Equity (ROE)
23.85%16.83%24.39%26.14%19.66%17.83%15.71%7.37%6.95%6.17%
Return on Assets (ROA)
9.33%6.47%9.95%10.5%7.35%6.34%5.49%2.59%2.5%2.21%
Equity / Assets
36.88%40.09%41.45%39.14%35.99%35.15%34.8%35.51%36.38%33.73%
Debt / Equity
0.50x0.60x0.51x0.52x0.82x0.76x0.75x0.75x0.73x0.75x
Book Value per Share
67.6073.4289.34103.21124.45120.93131.13136.06146.80154.54
Tangible BV per Share
43.5143.4958.8767.3018.3335.1240.7844.4457.3067.61

HUM Cash Flow Statement

Humana Inc. (HUM) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
4.05B2.17B5.28B5.64B2.26B4.59B3.98B2.97B921M1.84B
Operating CF Growth %
109.25%-46.36%143.17%6.72%-59.89%102.79%-13.21%-25.5%-68.95%23.02%
Operating CF / Revenue %
7.53%3.82%8.14%7.31%2.7%4.94%3.74%2.52%0.71%1.34%
Net Income
2.45B1.68B2.71B3.37B2.93B2.8B2.49B1.21B1.2B1.13B
Depreciation & Amortization
485M534M575M616M713M845M917M968M824M803M
Stock-Based Compensation
157M137M163M181M180M216M175M207M241M243M
Deferred Taxes
132M194M162M195M15M-100M-167M-192M75M0
Other Non-Cash Items
141M792M14M-863M-1.02B290M486M615M375M453M
Working Capital Changes
688M-1.17B1.66B2.14B-556M534M81M154M-1.8B-780M
Cash from Investing
-2.94B-3.09B-1.28B-3.06B-6.56B-1.01B-3.49B-2.95B2.27B-594M
Capital Expenditures
-526M-612M-736M-964M-1.34B-1.14B-1B-575M-546M-572M
Acquisitions
-31M-2.25B542M-709M-4.19B2.36B-233M-89M-81M-877M
Purchase of Investments
-6.26B-4.69B-6.36B-9.13B-7.2B-6.05B-7.55B-8.19B-6.44B-8.51B
Sale/Maturity of Investments
3.88B4.47B5.82B7.73B6.14B3.8B5.09B6.36B9.42B9.33B
Other Investing
2M-2.12B-542M026M17M210M-461M-82M33M
Cash from Financing
-945M-785M-2.29B-1.96B3.02B-1.91B-856M-2.49B-1.22B-549M
Dividends Paid
-220M-265M-291M-323M-354M-392M-431M-431M-430M-429M
Share Repurchases
-3.37B-1.09B-1.07B-1.82B-79M-2.1B-1.57B-817M-151M-249M
Stock Issued
0000000000
Debt Issuance (Net)
1000K1000K-1000K1000K1000K-1000K1000K1000K1000K-1000K
Other Financing
1.89B-595M-511M-890M-310M1.97B725M-1.46B-1.17B-595M
Net Change in Cash
165M▲ 0%
-1.7B▼ 1129.7%
1.71B▲ 200.7%
619M▼ 63.8%
-1.28B▼ 306.6%
1.67B▲ 230.3%
-367M▼ 122.0%
-2.47B▼ 573.8%
1.98B▲ 180.0%
701M▲ 0%
Exchange Rate Effect
0000000000
Cash at Beginning
3.88B4.04B2.34B4.05B4.67B3.39B5.06B4.69B2.22B4.2B
Cash at End
4.04B2.34B4.05B4.67B3.39B5.06B4.69B2.22B4.2B4.95B
Free Cash Flow
3.52B▲ 0%
1.56B▼ 55.7%
4.55B▲ 191.4%
4.67B▲ 2.8%
920M▼ 80.3%
3.45B▲ 275.0%
2.98B▼ 13.7%
2.39B▼ 19.7%
375M▼ 84.3%
1.27B▲ 0%
FCF Growth %
150.18%-55.72%191.35%2.79%-80.32%275%-13.71%-19.68%-84.32%-46.58%
FCF Margin %
6.55%2.74%7%6.06%1.1%3.71%2.8%2.03%0.29%0.93%
FCF per Share
24.2111.2833.7635.157.1127.1523.9219.783.110.54

HUM Key Ratios

Humana Inc. (HUM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Combined Ratio
93.82%96.36%94.66%93.94%95.91%96.16%96.88%98.62%98.88%98.99%
Medical Cost Ratio
80.65%80.35%82.76%79.67%82.73%81.46%83.05%85.45%85.46%85.99%
Return on Equity (ROE)
23.85%16.83%24.39%26.14%19.66%17.83%15.71%7.37%6.95%6.17%
Return on Assets (ROA)
9.33%6.47%9.95%10.5%7.35%6.34%5.49%2.59%2.5%2.21%
Equity / Assets
36.88%40.09%41.45%39.14%35.99%35.15%34.8%35.51%36.38%33.73%
Book Value / Share
67.673.4289.34103.21124.45120.93131.13136.06146.8154.54
Debt / Equity
0.50x0.60x0.51x0.52x0.82x0.76x0.75x0.75x0.73x0.75x
Revenue Growth
-1.11%5.84%14.03%18.88%8.37%11.09%14.55%10.68%10.06%14.08%
Related:HUM Dividend History·HUM Revenue History·HUM Price History·HUM P/E History·HUM Financial Ratios·HUM Institutional Holders

HUM SEC Filings & Documents

Humana Inc. (HUM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Apr 20, 2026·SEC

Material company update

Apr 10, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 29, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Jul 30, 2025·SEC

HUM Frequently Asked Questions

Humana Inc. (HUM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Humana Inc. (HUM) grew revenue by 10.1% over the past year. This is steady growth.

Yes, Humana Inc. (HUM) is profitable, generating $1.13B in net income for fiscal year 2025 (0.9% net margin).

Dividend & Returns

Yes, Humana Inc. (HUM) pays a dividend with a yield of 0.99%. This makes it attractive for income-focused investors.

Humana Inc. (HUM) has a return on equity (ROE) of 7.0%. This is below average, suggesting room for improvement.

Industry Metrics

Humana Inc. (HUM) has a combined ratio of 98.9%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in HUM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in HUM be worth today?

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