Humana Q3 2026: revenue up 26.1%, adjusted loss narrows, guidance raised
Humana’s Q3 2026 revenue rose 26.1%, the adjusted loss of $0.70 per share was smaller than the $1.0127 consensus loss, and management raised FY2026 adjusted EPS guidance to at least $9.50. The catch is profit quality: GAAP net income fell to $162 million, Insurance posted an operating loss, and the benefit ratio rose to 93.9%. Read this as better revenue and cost leverage, offset by thinner underwriting margins.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $1.33, down from $1.62, while the adjusted loss per share was $0.70 versus the $1.0127 consensus loss, so the adjusted result was less bad than expected. GAAP net income fell to $162 million and the consolidated benefit ratio rose to 93.9% from 91.1%, which explains why the headline profit is thin.
Q3 revenue was $41.16 billion, up 26.1% from $32.65 billion a year earlier, and YTD revenue reached $121.67 billion. Insurance produced $39.08 billion and CenterWell $7.16 billion; those segment lines sum to $46.24 billion because they include intersegment revenue that is eliminated in consolidation.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-06
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