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Humana Inc (DE:HUM)
FRANKFURT:HUM
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
8.42Last Year’s EPS
9.78Same Quarter Last Year
Based on 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balances meaningful operational and strategic progress (notably strong membership growth, improved retention, CenterWell tailwinds, EPS outperformance in 2025, and capital efficiency gains) with significant near-term headwinds. The dominant risks are a large ~$3.5 billion STARS headwind, 2026 MA margins slightly below breakeven, and uncertainty from the advance rate notice. Management emphasizes confidence in long-term targets (2028) and has plans to adapt to funding changes, but near-term performance will be constrained by STARS and rate uncertainty.Company Guidance
Strong Membership Growth
Grew ~1,000,000 members (≈20%) in AEP; management expects individual Medicare Advantage (MA) membership to grow ≈25% for full-year 2026. New sales composition: >70% switchers (typically better economics), ~30% bounce-back members, and >75% of new sales from higher lifetime value channels (≈10 percentage point improvement YoY).
Improved Retention and Onboarding Metrics
Retention rate improved by over 500 basis points year-over-year. Early onboarding indicators showed reduced complaints to Medicare YoY, improved transactional Net Promoter Score, and higher completion rates for health risk assessments (HRAs) — all positive for STARS and member experience.
Solid 2025 Financial Results and EPS Beat
Reported adjusted EPS of $17.14 for 2025, in line with expectations and above initial guidance (~$16.25). Insurance segment full-year benefit ratio 90.4%, slightly better than guidance.
Capital Efficiency and Funding Position
Premium growth expected ~40% from 2024–2026, while statutory capital requirements projected to rise by <20% due to capital optimization. Management noted capital improvements that offset over $3 billion of capital requirements from '24–'26; debt-to-cap expected to remain largely flat.
Operating Efficiency & Transformation Momentum
Expect significant improvement in consolidated operating cost ratio for 2026 driven by operating leverage from membership/revenue growth, tactical cost-cutting (supplier consolidation, early retirement program), outsourcing and automation. Management expects these transformation benefits to accelerate in 2027–2028.
CenterWell & Medicaid Growth
CenterWell contributions turning positive (CenterWell Pharmacy tailwind vs prior decline). Medicaid footprint expanded to 13 states (including Georgia and Texas planned launches), and management expects continued J-curve progress in Medicaid and CenterWell clinics.
Clear Path to Long-Term Margin Targets
Management reiterates goal to 'unlock earnings potential by 2028' and expects a doubling of individual MA pretax margin in 2026 when normalized for STARS outcomes; anchored planning to 75th percentile STARS for long‑term targets.
Key Leadership and Strategic Moves
Aaron Martin joined as President of Medicare Advantage in January; company pursuing a strategic primary care acquisition and intends to fund select small/mid M&A via noncore asset sales.
DE:HUM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:HUM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | €152.15 | €147.00 | -3.38% |
Nov 05, 2025 | €246.10 | €229.50 | -6.75% |
Jul 30, 2025 | €199.31 | €201.50 | +1.10% |
Apr 30, 2025 | €228.26 | €225.18 | -1.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Humana Inc (DE:HUM) report earnings?
Humana Inc (DE:HUM) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Humana Inc (DE:HUM) earnings time?
Humana Inc (DE:HUM) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Humana Inc stock?
The P/E ratio of Humana is N/A.
What is DE:HUM EPS forecast?
DE:HUM EPS forecast for the fiscal quarter 2026 (Q1) is 8.42.
