Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 101

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 101
---
 non-consolidating minority interest investments — These amounts are the result of fair value measurements associated with the Company’s Primary Care Organization strategic partnership and are unrelated to the Company’s core business operations. |

| • |     | Value creation initiatives — These charges relate to the Company’s ongoing initiative to drive additional value for the enterprise through cost saving, productivity initiatives, and value creation from previous investments, and primarily consist of asset impairment and severance charges. |

| • |     | Impairment charges — The Company recognized non-cash impairment charges in 2023 and 2024 related to certain indefinite-lived intangible assets based on the Company’s estimate of future financial performance in certain state markets. Additionally, in 2023 the company recognized non-cash impairment charges related to minority ownership investments that were deemed to be unrecoverable based on investment performance. |

| • |     | Transaction and integration costs — The transaction and integration costs primarily relate to the acquisition of Kindred at Home in 2021 and the subsequent divestiture of Gentiva (formerly Kindred) Hospice in 2022. |

| • |     | Accrued charge related to certain anticipated litigation expenses — This charge relates to certain anticipated expenses the Company has accrued in connection with a legal matter. |

| • |     | Change in fair value of publicly-traded equity securities — These gains and losses are a result of market and economic conditions that are unrelated to the Company’s core business operations. |

| • |     | Cumulative net tax impact of non-GAAP adjustments — This adjustment represents the cumulative net impact of the corresponding tax benefit or expense related to the aforementioned items excluded from the applicable GAAP measures. |

| Annex I • 2025 Proxy Statement | Humana |     | A-I-1 |

| HUMANA INC. 500 WEST MAIN STREET 21ST FLOOR LOUISVILLE, KY 40202 ATTN: JOSEPH M. RUSCHELL |     | VOTE BY INTERNET Before The Meeting - Go to www.proxyvote.com or scan the QR Barcode above  Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 p.m. Eastern Time on April 16, 2025. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction form. 
 During The Meeting - Go to www.virtualshareholdermeeting.com/HUM2025