Loading...
•
Dec 31, 2025
Humana Q4 2025 Earnings Report
Humana reported a fourth quarter 2025 net loss driven by impairment charges and value creation initiatives, while revenue increased year over year.
Key Takeaways
Humana posted a GAAP net loss of $1.011 billion in Q4 2025 with GAAP EPS of -$6.61. Adjusted EPS was -$3.96. Consolidated revenue rose to $32515000000, while the Insurance segment reported a 93.1% benefit ratio.
GAAP net loss per share was -$6.61; adjusted net loss per share was -$3.96.
Consolidated GAAP revenue increased to $32515000000.
Insurance segment GAAP benefit ratio was 93.1%.
Consolidated GAAP operating cost ratio improved to 13.7% from 14.4% last year.
Revenue by Segment
Forward Guidance
For FY 2026, Humana expects GAAP EPS of at least $8.89 and adjusted EPS of at least $9.00, reflecting anticipated headwinds from Star Ratings.
Positive Outlook
- FY 2026 GAAP EPS guidance of at least $8.89.
- FY 2026 adjusted EPS guidance of at least $9.00.
- Expected approximately 25% individual Medicare Advantage membership growth in 2026.
- Continued growth in CenterWell platform.
- Expanded Medicaid footprint across 13 states.
Challenges Ahead
- Anticipated year-over-year EPS decline in FY 2026.
- Star Ratings headwind impacting 2026 bonus payments.
- Quarterly net loss in Q4 2025.
- High Insurance segment benefit ratio of 93.1%.
- Impairment charges impacted quarterly results.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...