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Humana 1Q Sales, Profit Results Top Expectations

By Matt Grossman

 

Humana Inc. on Wednesday posted revenue and profit growth for the first quarter of 2021 amid improved results from its retail and healthcare-services segments.

The Louisville, Ky.-based health insurer posted earnings of $6.39 a share, up from $3.56 a share in the first quarter of 2020.

On an adjusted basis, Humana's profit was $7.67 a share. Analysts were forecasting an adjusted profit of $7.08 a share, according to FactSet

Humana's revenue climbed to $20.67 billion, from $18.94 billion in last year's first quarter. Analysts had expected revenue of $20.49 billion.

The growth was attributable to strong membership gains in individual Medicare Advantage plans as well as growth in state-based contract membership, the company said. Profitability improved in Humana's group-and-specialty segment, as well as in its healthcare-services segment.

Humana maintained its previously issued adjusted-earnings guidance of $21.25 a share to $21.75 a share for 2021.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

April 28, 2021 06:56 ET (10:56 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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