Humana management attributes Q3 2026 adjusted earnings outperformance to Insurance results
HUM•Humana reported a third-quarter 2026 adjusted loss of $0.70 per share, compared with expectations for an approximately $1 loss. Its Insurance segment posted a 93.7% benefit ratio, while Individual Medicare Advantage membership increased about 1.208 million year to date, or 23%.
1. Insurance results
Humana management attributed the adjusted earnings outperformance to strong Insurance segment results. Medical and pharmacy cost trends were in line with or better than expectations.
2. Membership and costs
Membership growth, operating leverage and cost reductions lowered the year-to-date adjusted consolidated operating cost ratio by 80 basis points to 10.3%. Individual Medicare Advantage membership rose approximately 1,208,000 year to date, or 23%, in line with expectations.
3. CenterWell Pharmacy
CenterWell Pharmacy revenue grew 18% year to date, driven by membership growth, mail-order penetration and expansion beyond Humana’s membership.
