Humana Inc

HUM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Humana Earnings: Surging Market Share Looks Likely to Cut into 2026 Margins

Julie Utterback

Feb 11, 2026

Humana reported fourth-quarter results that allowed it to roughly meet expectations for 2025 earnings of at least $17 per share. Also, Humana projected adjusted EPS of only $9 for 2026, reflecting lower Medicare Advantage bonuses, a significant surge in MA membership, and lower margins.

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Humana Inc

Humana Earnings: Surging Market Share Looks Likely to Cut into 2026 Margins

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