Company: HUM
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001628280-25-009237
Chunk: 9

Company: HUMANA INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 9
---
 payable. The terms “Change of Control” and “Change of Control Triggering Event” are defined under the section entitled “Description of the Notes” in this prospectus supplement.

Liquid Trading Markets for the Notes May Not Develop.

There has not been an established trading market for any series of notes. We do not intend to apply for listing of the notes on any securities exchange or for quotation through any automated dealer quotation system. Although the underwriters have informed us that they currently intend to make a market for each series of notes, they have no obligation to do so and may discontinue making a market at any time without notice. The liquidity of any market for the notes will depend on the number of holders of the notes, our performance, the market for similar securities, the interest of securities dealers in making a market in the notes and other factors. Liquid trading markets may not develop for the notes. In the absence of active trading markets, you may not be able to transfer the notes within the time or at the price you desire.

<div align='center'>S-5</div>

### CAPITALIZATION
The following table sets forth historical cash and cash equivalents and capitalization as of December 31, 2024:

• on an actual basis; and

• on an as adjusted basis to reflect the issuance and sale of the notes, including the application of the net proceeds from the notes offered hereby.

|                                                                                             |     | As of             
 December 31, 2024 |         |     |             |     |   |    |
|:--------------------------------------------------------------------------------------------|:----|:------------------|--------:|:----|:------------|:----|:--|---:|
|                                                                                             |     | Actual            |         |     | As Adjusted |     |   |    |
|                                                                                             |     | -in millions      |         |     |             |     |   |    |
| Cash and cash equivalents                                                                   |     | $                 |   2,221 |     |             |     | $ | -1 |
| Short-term debt:                                                                            |     |                   |         |     |             |     |   |    |
| Existing senior notes(2)                                                                    |     | $                 |     577 |     |             |     | $ |    |
| Commercial paper(3)                                                                         |     |                   |       — |     |             |     |   |    |
| Long-term debt:                                                                             |     |                   |         |     |             |     |