Humana falls as unchanged annual profit forecast overshadows Q2 beat
HUM•Quarterly results and margin metrics
** Q2 insurance benefit ratio — the percentage of premiums spent on medical care — of 91.2% matches analysts' estimates
** HUM maintains annual insurance benefit ratio forecast at 92.5%-93%; expects individual Medicare Advantage membership to grow about 25% in 2026
** Posts Q2 adjusted profit of $7.61 per share — above analysts' average estimate of $7.22 per share, according to data compiled by LSEG
** As of last close, HUM up 51.8% YTD
Shares fall after outlook holds steady
** Shares of Humana ** fall 8.9% to $354 premarket
** The health insurer reaffirms 2026 adjusted EPS forecast of at least $9
** Anticipates a year-over-year decline in 2026 adjusted profit due to lower government bonus payments tied to Medicare plan ratings
