Company: HUM
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000049071-25-000057
Chunk: 4

Company: HUMANA INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1A
Chunk 4
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Item 1A.       Risk Factors

There have been no changes to the risk factors included in our 2024 Form 10-K.

 Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds

(a)None.

(b)N/A

(c)The following table provides information about our purchases of equity securities that are registered by us pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, during the three months ended September 30, 2025:

PeriodTotal Numberof SharesPurchased (1)(2)AveragePrice Paidper ShareTotal Number ofShares Purchasedas Part of PubliclyAnnounced Plansor Programs (1)(2)Dollar Value ofShares that MayYet Be PurchasedUnder the Plansor Programs (1) (2)July 2025— $— — $2,826,757,902 August 2025— — — 2,826,757,902 September 2025— — — 2,826,757,902 Total— $— — 

(1)Effective February 16, 2024, the Board of Directors replaced the February 2023 repurchase authorization (of which approximately $824 million remained unused) with a new share repurchase authorization for repurchases of up to $3 billion of our common shares exclusive of shares repurchased in connection with employee stock plans, expiring as of February 15, 2027, which we refer to as the 2024 repurchase authorization. Our remaining repurchase authorization was $2.8 billion as of November 4, 2025.

(2)Excludes 0.04 million shares repurchased in connection with employee stock plans.

Item 3.     Defaults Upon Senior Securities

None.

Item 4.     Mine Safety Disclosures

Not applicable.

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Item 5.     Other Information

a.None.

b.None.

c.During the three months ended September 30, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

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Item 6:     Exhibits