Company: HUM
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000049071-25-000007
Chunk: 118

Company: HUMANA INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 15
Chunk 118
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426)(761)(931)Purchases of investment securities(16)(17)(63)Proceeds from sale of investment securities— 41 468 Maturities of investment securities32 67 30 Other (50)— — Net cash used in investing activities(2,247)(1,695)(1,317)Cash flows from financing activities:Proceeds from issuance of senior notes, net2,225 2,537 1,976   Repayments of senior notes(1,107)(1,832)(1,000)(Repayments) proceeds from issuance of commercial paper, net(907)211 (376)Repayment of term loan— (500)(2,000)  Change in book overdraft(5)2 5   Common stock repurchases(817)(1,573)(2,096)  Dividends paid(431)(431)(392)Proceeds from stock option exercises and other(86)(125)40 Net cash used in financing activities(1,128)(1,711)(3,843) Increase (decrease) in cash and cash equivalents79 (364)(292)Cash and cash equivalents at beginning of year250 614 906 Cash and cash equivalents at end of year$329 $250 $614 See accompanying notes to the parent company financial statements.

131

Humana Inc.

SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATIONNOTES TO CONDENSED FINANCIAL STATEMENTS

1. BASIS OF PRESENTATION

Parent company financial information has been derived from our consolidated financial statements and excludes the accounts of all operating subsidiaries. This information should be read in conjunction with our consolidated financial statements. Refer to Note 2 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K for a summary of significant accounting policies.

 2. TRANSACTIONS WITH SUBSIDIARIES

Services FeeThrough intercompany service agreements approved, if required, by state regulatory authorities, Humana Inc., our parent company, charges a services fee for reimbursement of certain centralized services provided to its subsidiaries including information systems, disbursement, investment and cash administration, marketing, legal, finance, and medical and executive management oversight.DividendsCash dividends received from subsidiaries and included as a component of net cash provided by operating activities were $1.5 billion in 2024, $1