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HUM logoHumana Inc.(HUM)Earnings, Financials & Key Ratios

HUM•NYSE•Insurance & Managed Care
$246.33
$29.57B mkt cap·25.0× P/E·Price updated May 6, 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%
  • Book Value per Share146.80+7.9%
  • Tangible BV/Share57.30+28.9%
  • Debt/Equity0.73-2.2%
Analysis→Technical→

HUM Key Insights

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

✓Strengths

No significant strengths identified

✗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.

HUM Price & Volume

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

Loading chart...

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
EPS
$10.31
Est $9.97
+3.4%
Revenue
$39.6B
Est $39.4B
+0.7%
Q1 2026
Feb 11, 2026
EPS
$3.96
Est $4.00
+1.0%
Revenue
$32.5B
Est $32.0B
+1.5%
Q4 2025
Nov 5, 2025
EPS
$3.24
Est $2.93
+10.6%
Revenue
$32.6B
Est $32.0B
+2.0%
Q3 2025
Jul 30, 2025
EPS
$6.27
Est $5.92
+5.9%
Revenue
$32.4B
Est $31.9B
+1.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$10.31vs $9.97+3.4%
$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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
UNH logoUNHUnitedHealth Group IncorporatedDirect Competitor333.37B367.2827.7611.81%2.68%11.54%0.77
CVS logoCVSCVS Health CorporationDirect Competitor111.32B86.8662.497.85%0.72%3.86%1.24
ELV logoELVElevance Health Inc.Direct Competitor81.37B374.7114.9212.62%2.62%11.92%0.75
CNC logoCNCCentene CorporationDirect Competitor27.31B55.32-4.0619.44%-3.25%-28.6%0.94
MOH logoMOHMolina Healthcare, Inc.Direct Competitor10.28B197.4422.1311.75%0.42%4.44%0.97
ALHC logoALHCAlignment Healthcare, Inc.Product Competitor3.71B18.14-4902.7046.06%0.47%11.5%1.89
OSCR logoOSCROscar Health, Inc.Product Competitor5.14B19.84-11.7427.5%-0.3%-3.26%0.44
CLOV logoCLOVClover Health Investments, Corp.Product Competitor1.37B2.68-15.7640.34%-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
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue53.8B56.94B64.93B77.19B83.65B92.92B106.44B117.81B129.66B137.2B
Revenue Growth %-1.11%5.84%14.03%18.88%8.37%11.09%14.55%10.68%10.06%14.08%
Medical Costs & Claims43.39B45.75B53.74B61.5B69.2B75.69B88.39B100.66B110.81B117.98B
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 Expenses7.08B9.12B7.72B11.02B11.03B13.67B14.73B15.52B17.4B17.83B
OpEx / Revenue %13.17%16.01%11.89%14.27%13.19%14.71%13.84%13.17%13.42%13%
Depreciation & Amortization485M534M575M616M713M845M917M968M824M803M
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%-
EBITDA3.81B2.61B4.04B5.29B4.13B4.41B4.24B2.6B2.28B2.19B
EBITDA Margin %7.08%4.58%6.23%6.85%4.94%4.74%3.98%2.2%1.76%1.59%
Interest Expense242M218M242M283M326M401M493M660M631M664M
Non-Operating Income694M-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 Tax1.57B391M763M1.31B485M762M836M413M250M239M
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 Outstanding145.58M138.4M134.73M133.01M129.4M127.09M124.44M120.87M120.83M120.65M

HUM Balance Sheet

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

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets26.68B25.34B29.04B35.08B44.75B43.73B46.89B46.31B48.75B55.28B
Asset Growth %3.38%-5.02%14.6%20.78%27.57%-2.29%7.24%-1.24%5.26%13.76%
Total Investment Assets12.3B11.48B12.44B14.94B14.11B15.01B17.75B19.33B16.83B4M
Long-Term Investments12.3B11.48B12.44B14.94B14.11B15.01B17.75B19.33B16.83B54.63B
Short-Term Investments00000000017.01B
Total Current Assets4.9B3.36B5.11B5.81B5.21B6.74B6.73B4.92B7.47B27.18B
Cash & Equivalents4.04B2.34B4.05B4.67B3.39B5.06B4.69B2.22B4.2B4.95B
Receivables854M1.01B1.06B1.14B1.81B1.67B2.04B2.7B3.27B15.68B
Other Current Assets0000000000
Goodwill & Intangibles3.51B4.14B4.11B4.78B13.73B10.91B11.24B11.07B10.81B43.16B
Goodwill3.28B3.9B3.93B4.45B11.09B9.14B9.55B9.63B9.69B10.49B
Intangible Assets226M245M177M329M2.64B1.76B1.69B1.44B1.13B0
PP&E (Net)1.58B1.74B2.37B2.81B3.75B3.74B3.54B2.98B2.72B2.17B
Other Assets3.85B4.38B4.79B6.44B7.37B6.49B7.58B7.74B10.83B14.18B
Total Liabilities16.84B15.18B17.01B21.35B28.64B28.36B30.57B29.87B31.01B36.63B
Total Debt4.92B6.07B6.11B7.14B13.22B11.75B12.27B12.26B12.94B13.99B
Net Debt878M3.73B2.06B2.47B9.83B6.69B7.58B10.04B8.74B9.04B
Long-Term Debt4.77B4.38B4.97B6.06B10.54B9.03B10.21B11.14B12.37B12.27B
Short-Term Debt150M1.69B815M729M2.14B2.26B1.61B724M150M1.72B
Total Current Liabilities4.37B6.53B6.8B9B10.49B11.63B11.95B11.26B10.31B21.51B
Accounts Payable3.84B4.55B5.74B7.95B8.1B9.08B10.07B10.27B9.81B19.22B
Deferred Revenue378M283M247M318M254M286M266M260M356M0
Other Current Liabilities000000000269M
Deferred Taxes1000K1000K1000K1000K1000K1000K0000
Other Liabilities7.37B3.95B4.33B4.98B5.79B6.36B7.97B7.07B7.91B2.58B
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 Equity9.84B10.16B12.04B13.73B16.08B15.31B16.26B16.38B17.66B18.58B
Minority Interest000023M59M56M70M80M66M
Retained Earnings13.67B15.07B17.48B20.52B23.09B25.49B27.54B28.32B29.07B30.15B
Common Stock33M33M33M33M33M33M33M33M33M33M
Accumulated OCI19M-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 / Assets36.88%40.09%41.45%39.14%35.99%35.15%34.8%35.51%36.38%33.73%
Debt / Equity0.50x0.60x0.51x0.52x0.82x0.76x0.75x0.75x0.73x0.73x
Book Value per Share67.6073.4289.34103.21124.45120.93131.13136.06146.80154.54
Tangible BV per Share43.5143.4958.8767.3018.3335.1240.7844.4457.3067.61

HUM Cash Flow Statement

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

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations4.05B2.17B5.28B5.64B2.26B4.59B3.98B2.97B921M921M
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%0.67%
Net Income2.45B1.68B2.71B3.37B2.93B2.8B2.49B1.21B1.2B1.13B
Depreciation & Amortization485M534M575M616M713M845M917M968M824M803M
Stock-Based Compensation157M137M163M181M180M216M175M207M241M243M
Deferred Taxes132M194M162M195M15M-100M-167M-192M75M0
Other Non-Cash Items141M792M14M-863M-1.02B290M486M615M375M453M
Working Capital Changes688M-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 Investments3.88B4.47B5.82B7.73B6.14B3.8B5.09B6.36B9.42B9.33B
Other Investing2M-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 Issued0000000000
Debt Issuance (Net)1000K1000K-1000K1000K1000K-1000K1000K1000K1000K-1000K
Other Financing1.89B-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 Effect0000000000
Cash at Beginning3.88B4.04B2.34B4.05B4.67B3.39B5.06B4.69B2.22B4.2B
Cash at End4.04B2.34B4.05B4.67B3.39B5.06B4.69B2.22B4.2B4.95B
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 Share24.2111.2833.7635.157.1127.1523.9219.783.13.1

HUM Key Ratios

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

Metric201720182019202020212022202320242025TTM
Combined Ratio93.82%96.36%94.66%93.94%95.91%96.16%96.88%98.62%98.88%98.99%
Medical Cost Ratio80.65%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 / Assets36.88%40.09%41.45%39.14%35.99%35.15%34.8%35.51%36.38%33.73%
Book Value / Share67.673.4289.34103.21124.45120.93131.13136.06146.8154.54
Debt / Equity0.50x0.60x0.51x0.52x0.82x0.76x0.75x0.75x0.73x0.73x
Revenue Growth-1.11%5.84%14.03%18.88%8.37%11.09%14.55%10.68%10.06%14.08%

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 1.44%. 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.

Explore More HUM

Humana Inc. (HUM) financial analysis — history, returns, DCA and operating performance tools

Full HUM Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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