Company: HUM
Filing Date: 2025-06-17
Form Type: 11-K
Source: 0000049071-25-000031
Chunk: 19

Company: HUMANA INC
Filing Date: 2025-06-17
Form: 11-K
Chunk 19
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 well as loans to Plan Participants, both of which qualify as related parties to the Plan and also are exempt from prohibited transaction rules.

For the year ended December 31, 2024, 691,069 units of the Humana Unitized Stock Fund were purchased for $83,049,525 and 1,220,050 units of the Humana Unitized Stock Fund were sold for $149,788,722. For the year ended December 31, 2023, 790,065 units of the Humana Unitized Stock Fund were purchased for $135,320,659 and 1,032,677 units of the Humana Unitized Stock Fund were sold for $181,260,517. At December 31, 2024 and 2023, the fair value of the Humana Unitized Stock Fund was $279,986,538 and $585,419,524, respectively, which represented 3.7% and 8.1%, respectively, of all investments held by the Plan.

The Company has authorized Newport Trust Company with sole responsibility for deciding whether to restrict investment in the Humana Unitized Stock Fund, or to sell or otherwise dispose of all or any portion of the stock held in the Humana Unitized Stock Fund in certain limited circumstances. In the event Newport Trust Company determined to sell or dispose of stock in the Humana Unitized Stock Fund, Newport Trust Company would designate an alternative investment fund under the Plan for the temporary investment of any proceeds from the sale or other disposition of the Company’s common stock.

#### 7. RISKS AND UNCERTAINTIES
The Plan invests in various investment securities, as discussed in Note 4. Investment securities are exposed to various risks including, but not limited to, interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect Participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

The Plan’s exposure to concentrations of credit risk is limited by diversification of investments across all Participant directed fund elections. In addition, the investments within each Participant directed fund election are further diversified into various financial instruments, with the exception of the Humana Unitized Stock Fund which principally invests in Humana common stock. If a Participant selects the PCRA option, the Participant directs whether and how such amounts will be diversified.

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