Company: HUM
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000049071-25-000042
Chunk: 16

Company: HUMANA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 16
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)%CenterWell1,1948862,2761,67330834.8%60336.0%Total services revenue1,4001,1002,7342,16230027.3%57226.5%Investment income272298536586(26)(8.7)%(50)(8.5)%Total revenues32,38829,54064,50059,1512,8489.6%5,3499.0%Operating expenses:Benefits27,56525,03954,10050,1632,52610.1%3,9377.8%Operating costs3,5473,1486,9276,19039912.7%73711.9%Depreciation and amortization178212361421(34)(16.0)%(60)(14.3)%Total operating expenses31,29028,39961,38856,7742,89110.2%4,6148.1%Income from operations1,0981,1413,1122,377(43)(3.8)%73530.9%Interest expense157168317327(11)(6.5)%(10)(3.1)%Other expense, net20055363118145263.6%245207.6%Income before income taxes and equity in net losses7419182,4321,932(177)(19.3)%50025.9%Provision for income taxes179223585474(44)(19.7)%11123.4%Equity in net losses(19)(17)(62)(41)211.8%2151.2%Net income$543$678$1,785$1,417$(135)(19.9)%$36826.0%Diluted earnings per common share$4.51$5.62$14.81$11.74$(1.11)(19.8)%$3.0726.1%Benefit ratio (a)89.7%89.0%88.4%88.9%0.7%(0.5)%Operating cost ratio (b)11.0%10.8%10.8%10.6%0.2%0.2%Effective tax rate24.7%24.7%24.6%25.0%—%(0.4)%

(a)Represents benefits expense as a percentage of premiums revenue.

(b)Represents operating