Company: HUM
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000049071-25-000007
Chunk: 29

Company: HUMANA INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 29
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 to 9 years. We have the option to purchase the first cohort of clinics in 2025 for approximately $600 million to $700 million based on current projections. All existing cohorts can be called by us from 2025 to 2032 and could require $2.5 billion to $3.5 billion based on current projections. These estimates are dependent on multiple factors including the actual timing of when the put or call options are exercised, expected revenue growth at each center within the respective cohort and future capital contributions, among other factors. For additional information on inputs relevant to these put and call options, refer to Note 6 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K.Other equity method investmentsWe have several other individually immaterial equity method investments included within equity method investments in our consolidated balance sheets as of December 31, 2024 and 2023 with our share of income or loss reported as equity in net losses in our consolidated statements of income for the years ended December 31, 2024, 2023 and 2022.

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Humana Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

5. INVESTMENT SECURITIES

Investment securities classified as current and long-term were as follows at December 31, 2024 and 2023, respectively:AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFairValue (in millions)December 31, 2024U.S. Treasury and other U.S. government     corporations and agencies:U.S. Treasury and agency obligations$3,336 $1 $(110)$3,227 Mortgage-backed securities4,504 — (509)3,995 Tax-exempt municipal securities548 — (22)526 Mortgage-backed securities:Residential586 — (64)522 Commercial1,290 1 (85)1,206 Asset-backed securities1,424 3 (24)1,403 Corporate debt securities8,330 21 (595)7,756 Total debt securities$20,018 $26 $(1,409)18,635 December 31, 2023U.S. Treasury and other U.S. government     corporations and agencies:U.S.