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Humana Boosts FY22 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Wednesday, health insurer Humana Inc. (HUM) raised its adjusted earnings guidance for the full-year 2022 to reflect lower utilization of core individual Medicare Advantage business trends and lack of COVID-19 headwind.

For fiscal 2022, the company now projects earnings of about $20.30 per share and adjusted earnings of about $24.75 per share.

Previously, the company expected earnings of about $22.98 per share and adjusted earnings of about $24.50 per share.

On average, 25 analysts polled by Thomson Reuters expect the company to report earnings of $24.63 per share for the year. Analysts' estimates typically exclude special items.

The company still expects individual Medicare Advantage membership growth in the range of approximately 150,000 to 200,000 members.

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