Humana Inc. (NYSE: HUM) announced today that it will release its
detailed first quarter 2017 (1Q 2017) financial results on
Wednesday, May 3, 2017 at 6:30 a.m. eastern time. The company will
host a conference call and webcast at 9:00 a.m. eastern time that
morning to discuss its financial results for the quarter and its
2017 earnings guidance. The company plans to pre-release earnings
per diluted common share for 1Q17 as well as discuss certain
components of its earnings guidance for 2017 in conjunction with
its Investor Day scheduled for April 25, 2017. Logistical details
associated with Humana’s 1Q 2017 earnings call are included
below.
The company also announced today that it has realigned certain
of its businesses for its financial reporting segments to
correspond with internal management reporting changes and the
company’s previously announced planned exit from the individual
commercial medical business (Individual Commercial) on January 1,
2018. Additionally, the company renamed its Group segment the Group
and Specialty segment. The company’s segments now include Retail,
Group and Specialty, Healthcare Services, and Individual
Commercial.
The more significant realignment included presenting the
Individual Commercial business results as a separate segment. These
results were previously included in the Retail segment results.
Specialty health insurance benefits, including dental, vision,
other supplement health, and financial protection products,
marketed to both individuals and employer groups will now be
included in the Group and Specialty segment. Specialty health
insurance benefits marketed to individuals were previously included
in the Retail segment results. Additionally, the company’s Go365
wellness business (previously known as HumanaVitality) is now
included in the company’s Healthcare Services segment versus its
previous inclusion in the Group and Specialty segment.
Recast historical segment financials for the 2016 quarters and
full year, as well as the corresponding recast segment membership
totals, are included with this press release. Descriptions of the
company’s segments have been updated to reflect these changes and
are noted below.
- Retail segment – This segment
consists of Medicare benefits, marketed to individuals directly or
via group Medicare accounts, as well as state-based contracts.
State-based contracts include those with various states to provide
Medicaid, dual eligible, and Long-Term Support Services benefits.
In addition, this segment also includes the company’s contract with
the Centers for Medicare and Medicaid Services to administer the
Limited Income Newly Eligible Transition prescription drug plan
program.
- Group and Specialty segment –
This segment consists of employer group fully-insured commercial
medical products, and specialty health insurance benefits marketed
to individuals and groups, including dental, vision, and other
supplemental health and voluntary insurance benefits. In addition,
the segment also includes the company’s administrative services
only products and its military services businesses, primarily the
TRICARE South Region contract.
- Healthcare Services segment –
This segment includes services offered to the company’s health plan
members as well as to third parties, including pharmacy solutions,
provider services, and clinical programs, such as home health and
other services and capabilities to promote wellness and advance
population health.
- Individual Commercial segment –
This segment consists of Individual Commercial products marketed
under the HumanaOne brand. For 2017, the company offers on-exchange
products, as well as certain grandfathered policies issued prior to
the enactment of the Health Care Reform Law. Off-exchange products
were also offered in 2016.
1Q 2017 Earnings Call
Details
All parties interested in the audio only portion of the
company’s 1Q 2017 earnings conference call are invited to dial
888-625-7430. No password is required. The webcast of the 1Q 2017
earnings call may be accessed via Humana’s Investor Relations page
at humana.com. The company suggests participants for both the
conference call and those listening via the web dial in or sign on
at least 15 minutes in advance of the call.
For those unable to participate in the live event, the archive
will be available in the Historical Webcasts and Presentations
section of the Investor Relations page at humana.com, approximately
two hours following the live webcast. Telephone replays will also
be available approximately two hours following the live event until
midnight eastern time on July 3, 2017 and can be accessed by
dialing 855-859-2056 and providing the conference ID #89800684.
The company’s 1Q 2017 earnings news release is expected to
include financial measures that are not in accordance with
Generally Accepted Accounting Principles (GAAP). A reconciliation
of non-GAAP financial measures to financial results under GAAP, as
well as management’s reasons for including non-GAAP financial
measures, will be included in the company’s 1Q 2017 earnings news
release, a copy of which will be available on the Investor
Relations page of humana.com on May 3, 2017.
About Humana
Humana Inc., headquartered in Louisville, Ky., is a leading
health and well-being company focused on making it easy for people
to achieve their best health with clinical excellence through
coordinated care. The company’s strategy integrates care delivery,
the member experience, and clinical and consumer insights to
encourage engagement, behavior change, proactive clinical outreach
and wellness for the millions of people we serve across the
country.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s web site at
humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission
filings
- Most recent investor conference
presentations
- Quarterly earnings news releases
- Calendar of events
- Corporate Governance information
Humana Inc.
Segment Realignment Supplementary
Information
Contents
Page
Description
6 1Q16 Segment Financial Information (Recast) 7 2Q16 Segment
Financial Information (Recast) 8 3Q16 Segment Financial Information
(Recast) 9 4Q16 Segment Financial Information (Recast) 10 FY 2016
Segment Financial Information (Recast) 11 2016 Membership Detail by
Quarter (Recast)
Humana Inc.
Q1 2016 Segment Financial Information (Recast) in millions
Group and Healthcare Individual
Other Eliminations/
Retail
Specialty Services Commercial
Businesses Corporate Consolidated Q1
2016
Revenues - external customers Premiums: Individual Medicare
Advantage $ 8,027 $ - $ - $ - $ - $ - $ 8,027 Group Medicare
Advantage 1,077 - - - - - 1,077 Medicare stand-alone PDP
1,039 - - -
- - 1,039 Total Medicare
10,143 - - -
- - 10,143 Fully-insured
104 1,337 - 893 - - 2,334 Specialty - 318 - - - - 318 Medicaid and
other 630 5 - -
10 - 645 Total
premiums 10,877 1,660 -
893 10 - 13,440
Services revenue: Provider - - 71 - - - 71 ASO and other 1
177 1 - 3 - 182 Pharmacy - - 7
- - - 7
Total services revenue 1 177
79 - 3 -
260 Total revenues - external customers 10,878
1,837 79 893 13
- 13,700 Intersegment revenues
Services - 6 4,784 - - (4,790 ) - Products - -
1,360 - -
(1,360 ) - Total intersegment revenues -
6 6,144 - -
(6,150 ) - Investment income 24
6 7 2 15
46 100 Total revenues 10,902
1,849 6,230 895
28 (6,104 ) 13,800 Operating
expenses: Benefits 9,633 1,222 - 729 25 (212 ) 11,397 Operating
costs 1,082 434 5,942 169 4 (5,863 ) 1,768 Depreciation and
amortization 46 21 36
9 - (24 ) 88 Total
operating expenses 10,761 1,677
5,978 907 29 (6,099 )
13,253 Income (loss) from operations 141 172 252 (12
) (1 ) (5 ) 547 Interest expense - -
- - - 47
47 Income (loss) before income taxes $ 141 $
172 $ 252 $ (12 ) $ (1 ) $ (52 ) $ 500
Benefit ratio 88.6 % 73.6 % 81.6 % 84.8 % Operating cost ratio 9.9
% 23.5 % 95.5 % 18.9 % 12.9 %
Humana Inc. Q2 2016 Segment Financial Information
(Recast) in millions
Group and
Healthcare Individual Other
Eliminations/ Retail Specialty Services
Commercial Businesses Corporate
Consolidated Q2 2016 Revenues - external
customers Premiums: Individual Medicare Advantage $ 8,050 $ - $ - $
- $ - $ - $ 8,050 Group Medicare Advantage 1,085 - - - - - 1,085
Medicare stand-alone PDP 1,015 -
- - - -
1,015 Total Medicare 10,150 -
- - - -
10,150 Fully-insured 106 1,357 - 1,024 - - 2,487
Specialty - 321 - - - - 321 Medicaid and other 678
5 - - 9
- 692 Total premiums 10,934
1,683 - 1,024
9 - 13,650 Services
revenue: Provider - - 74 - - - 74 ASO and other 2 176 - - 3 - 181
Pharmacy - - 7 -
- - 7 Total
services revenue 2 176 81
- 3 - 262
Total revenues - external customers 10,936 1,859
81 1,024 12
- 13,912 Intersegment revenues Services - 6
4,767 - - (4,773 ) - Products - -
1,433 - - (1,433 )
- Total intersegment revenues -
6 6,200 - -
(6,206 ) - Investment income 22
6 7 1 16 43
95 Total revenues 10,958
1,871 6,288 1,025 28
(6,163 ) 14,007 Operating expenses:
Benefits 9,327 1,302 - 1,089 31 (240 ) 11,509 Operating costs 1,069
423 5,974 152 4 (5,896 ) 1,726 Depreciation and amortization
48 22 35 9
- (25 ) 89 Total operating expenses
10,444 1,747 6,009
1,250 35 (6,161 ) 13,324
Income (loss) from operations 514 124 279 (225 ) (7 ) (2 ) 683
Interest expense - - -
- - 47 47
Income (loss) before income taxes $ 514 $ 124 $ 279
$ (225 ) $ (7 ) $ (49 ) $ 636 Benefit ratio
85.3 % 77.4 % 106.3 % 84.3 % Operating cost ratio 9.8 % 22.7 % 95.1
% 14.8 % 12.4 %
Humana Inc.
Q3 2016 Segment Financial Information (Recast) in millions
Group and Healthcare Individual
Other Eliminations/ Retail Specialty
Services Commercial Businesses
Corporate Consolidated Q3 2016 Revenues
- external customers Premiums: Individual Medicare Advantage $
7,977 $ - $ - $ - $ - $ - $ 7,977 Group Medicare Advantage 1,067 -
- - - - 1,067 Medicare stand-alone PDP 1,004 -
- - - -
1,004 Total Medicare 10,048
- - - -
- 10,048 Fully-insured 109 1,350 - 882
- - 2,341 Specialty - 318 - - - - 318 Medicaid and other 652
2 - - 10
- 664 Total premiums
10,809 1,670 - 882
10 - 13,371 Services
revenue: Provider - - 69 - - - 69 ASO and other 2 147 - - 1 - 150
Pharmacy - - 8 -
- - 8 Total
services revenue 2 147 77
- 1 - 227
Total revenues - external customers 10,811 1,817
77 882 11 -
13,598 Intersegment revenues Services - 5
4,741 - - (4,746 ) - Products - -
1,580 - - (1,580 )
- Total intersegment revenues -
5 6,321 - -
(6,326 ) - Investment income 22
7 8 - 17 42
96 Total revenues 10,833
1,829 6,406 882 28
(6,284 ) 13,694 Operating expenses: Benefits
9,031 1,352 - 727 26 (236 ) 10,900 Operating costs 1,143 421 6,073
144 4 (6,026 ) 1,759 Depreciation and amortization 51
19 36 9 -
(29 ) 86 Total operating expenses
10,225 1,792 6,109 880
30 (6,291 ) 12,745 Income
(loss) from operations 608 37 297 2 (2 ) 7 949 Interest expense
- - - -
- 47 47 Income (loss)
before income taxes $ 608 $ 37 $ 297 $ 2
$ (2 ) $ (40 ) $ 902 Benefit ratio 83.6 % 81.0
% 82.4 % 81.5 % Operating cost ratio 10.6 % 23.1 % 94.9 % 16.3 %
12.9 %
Humana Inc. Q4
2016 Segment Financial Information (Recast) in millions
Group and Healthcare Individual
Other Eliminations/ Retail Specialty
Services Commercial Businesses
Corporate Consolidated Q4 2016 Revenues
- external customers Premiums: Individual Medicare Advantage $
7,809 $ - $ - $ - $ - $ - $ 7,809 Group Medicare Advantage 1,054 -
- - - - 1,054 Medicare stand-alone PDP 951 - -
- - - 951 Total Medicare 9,814
- - - - - 9,814
Fully-insured 109 1,361 - 265 - - 1,735 Specialty - 322 - - - - 322
Medicaid and other 680 - - - 9
- 689 Total premiums 10,603 1,683
- 265 9 - 12,560 Services
revenue: Provider - - 64 - - - 64 ASO and other 1 143 - - 3 - 147
Pharmacy - - 9 - - -
9 Total services revenue 1 143 73
- 3 - 220 Total revenues - external
customers 10,604 1,826 73 265 12
- 12,780 Intersegment revenues Services - 5 4,687 - -
(4,692) - Products - - 1,620 - -
(1,620) - Total intersegment revenues -
5 6,307 - - (6,312) - Investment
income 22 6 8 2 18 42
98 Total revenues 10,626 1,837 6,388
267 30 (6,270) 12,878 Operating
expenses: Benefits 8,792 1,357 - 756 535 (239) 11,201 Operating
costs 1,356 449 6,084 136 4 (6,005) 2,024 Depreciation and
amortization 51 20 36 9 1
(26) 91 Total operating expenses 10,199 1,826
6,120 901 540 (6,270) 13,316
Income (loss) from operations 427 11 268 (634) (510) - (438)
Interest expense - - - - -
48 48 Income (loss) before income taxes $ 427 $ 11 $
268 $ (634) $ (510) $ (48) $ (486) Benefit ratio 82.9% 80.6%
285.3% 89.2% Operating cost ratio 12.8% 24.5% 95.4% 51.3% 15.8%
Humana Inc. FY 2016
Segment Financial Information (Recast) in millions
Group and Healthcare Individual
Other Eliminations/ Retail Specialty
Services Commercial Businesses
Corporate Consolidated (in millions) Full
Year 2016 Revenues - external customers Premiums: Individual
Medicare Advantage $ 31,863 $ - $ - $ - $ - $ - $ 31,863 Group
Medicare Advantage 4,283 - - - - - 4,283 Medicare stand-alone PDP
4,009 - - -
- - 4,009
Total Medicare
40,155 - - -
- - 40,155 Fully-insured
428 5,405 - 3,064 - - 8,897 Specialty - 1,279 - - - - 1,279
Medicaid and other 2,640 12 -
- 38 -
2,690 Total premiums 43,223 6,696
- 3,064 38 -
53,021 Services revenue: Provider - - 278 - - - 278
ASO and other 6 643 1 - 10 - 660 Pharmacy - -
31 - - -
31 Total services revenue 6 643
310 - 10 -
969 Total revenues - external customers 43,229
7,339 310 3,064
48 - 53,990 Intersegment
revenues Services - 22 18,979 - - (19,001) - Products -
- 5,993 - -
(5,993) - Total intersegment revenues
- 22 24,972 -
- (24,994) - Investment
income 90 25 30 5
66 173 389 Total revenues
43,319 7,386 25,312
3,069 114 (24,821)
54,379 Operating expenses: Benefits 36,783 5,233 - 3,301 617 (927)
45,007 Operating costs 4,650 1,727 24,073 601 16 (23,790) 7,277
Depreciation and amortization 196 82
143 36 1 (104)
354 Total operating expenses 41,629
7,042 24,216 3,938
634 (24,821) 52,638 Income (loss) from
operations 1,690 344 1,096 (869) (520) - 1,741 Interest expense
- - - -
- 189 189 Income (loss) before
income taxes $ 1,690 $ 344 $ 1,096 $ (869)
$ (520) $ (189) $ 1,552 Benefit ratio
85.1% 78.2% 107.7% 84.9% Operating cost ratio 10.8% 23.5% 95.2%
19.6% 13.5%
Humana Inc. Ending Membership Detail (Recast) In thousands
March 31, 2016 June 30, 2016
September 30, 2016 December 31, 2016
Medical
Membership:
Retail Individual Medicare Advantage 2,807.2 2,816.5 2,831.7
2,837.6 Group Medicare Advantage 349.2 351.7 353.9 355.4 Medicare
stand-alone PDPs 4,834.1 4,856.3
4,913.4 4,951.4 Total Medicare 7,990.5
8,024.5 8,099.0 8,144.4 State-based
Medicaid 388.4 391.6 390.1 388.1 Medicare Supplement 209.8
212.3 217.1 218.8
Total
Retail 8,588.7 8,628.4 8,706.2
8,751.3
Group and Specialty
Fully-insured medical commercial 1,136.4 1,140.1 1,131.5 1,136.0
ASO commercial 579.4 578.4 570.3 573.2 Military services 3,076.8
3,074.8 3,080.9 3,084.1
Total Group and Specialty 4,792.6 4,793.3
4,782.7 4,793.3
Individual
commercial 875.7 792.0 726.2 654.8
Other
Businesses Long-term care and other 32.2 31.4
31.0 30.8
Total Other Businesses
32.2 31.4 31.0 30.8
Total Medical Membership 14,289.2
14,245.1 14,246.1 14,230.2
Specialty
Membership:
Group and Specialty Dental - fully-insured 2,981.4 2,969.6
2,955.4 2,952.4 Dental - ASO 703.6 702.4 706.6 702.0 Vision 2,129.7
2,134.2 2,125.8 2,136.0 Other supplemental benefits 1,230.4
1,196.1 1,167.4 1,170.8
Total
Group and Specialty 7,045.1 7,002.3
6,955.2 6,961.2
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170417005776/en/
Humana Inc.Investor Relations:Regina Nethery,
502-580-3644Rnethery@humana.comorCorporate Communications:Tom
Noland, 502-580-3674Tnoland@humana.com
Humana (NYSE:HUM)
Historical Stock Chart
From Apr 2024 to May 2024
Humana (NYSE:HUM)
Historical Stock Chart
From May 2023 to May 2024