Company: HUM
Filing Date: 2025-03-04
Form Type: 424B5
Source: 0001628280-25-009923
Chunk: 50

Company: HUMANA INC
Filing Date: 2025-03-04
Form: 424B5
Chunk 50
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 Risk Factors

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of this prospectus. You should also consider the risk factors described in any accompanying prospectus supplement or any documents we incorporate by reference.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

#### The date of this prospectus is March 7, 2024.
Table of Contents

### TABLE OF CONTENTS
| ABOUT THIS PROSPECTUS                                                                                                      |     |  1 |
| RISK FACTORS                                                                                                               |     |  2 |
| FORWARD-LOOKING STATEMENTS                                                                                                 |     |  3 |
| WHERE YOU CAN FIND ADDITIONAL INFORMATION                                                                                  |     |  5 |
| INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                                                                            |     |  6 |
| OUR COMPANY                                                                                                                |     |  7 |
| USE OF PROCEEDS                                                                                                            |     |  8 |
| DESCRIPTION OF THE SECURITIES WE MAY ISSUE                                                                                 |     |  9 |
| DESCRIPTION OF THE DEBT SECURITIES                                                                                         |     | 13 |
| DESCRIPTION OF THE PREFERRED STOCK AND THE DEPOSITARY SHARES REPRESENTING FRACTIONAL OR MULTIPLE SHARES OF PREFERRED STOCK |     | 15 |
| DESCRIPTION OF THE COMMON STOCK                                                                                            |     | 17 |
| DESCRIPTION OF THE SECURITIES WARRANTS                                                                                     |     | 20 |
| PLAN OF DISTRIBUTION                                                                                                       |     | 21 |
| LEGAL MATTERS                                                                                                              |     | 23 |
| EXPERTS                                                                                                                    |     | 23 |

Table of Contents

### ABOUT THIS PROSPECTUS
This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission, which we refer to as the SEC, using the SEC’s “shelf” registration rules. Under the shelf registration rules, using this prospectus, together with any prospectus supplement, we may sell from time to time, in one or more offerings, any of the securities described in this prospectus.

In this prospectus “we,” “us,” “our” and “Humana” refer to Humana Inc., a Delaware corporation, and its consolidated subsidiaries, unless the context otherwise requires.

This prospectus provides you with a general description of the securities we may sell. Each time we sell securities under this prospectus, we will provide