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Humana Reaffirms Full-Year 2026 EPS Guidance Ahead of Investor Meetings

Low SignificanceSeptember 1, 2026 at 7:36:41 AM EDT

HUMANA INC

$HUM8-KCIK: 0000049071

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Filing Summary

Humana Inc. (NYSE: HUM) filed an 8-K under Item 7.01 (Regulation FD Disclosure) reaffirming its FY 2026 financial guidance.

Key Highlights: • FY 2026 GAAP Diluted EPS: Reaffirmed at at least $6.52 • FY 2026 Adjusted EPS: Reaffirmed at at least $9.00 • Medicare Advantage Star Ratings: Company stated it will not comment on 2027 MA Star Ratings (Bonus Year 2028) until CMS releases final data in October. • Context: Reaffirmation aligns with guidance previously issued on July 29, 2026, ahead of scheduled investor and analyst meetings throughout September 2026.

Comprehensive Analysis

Executive Summary

On September 1, 2026, Humana Inc. filed a Current Report on Form 8-K under Item 7.01 (Regulation FD Disclosure) to disclose that senior management is participating in investor and analyst meetings throughout September 2026 and reaffirming its FY 2026 financial outlook.


Guidance Reaffirmation Details

Humana reaffirmed its full-year 2026 financial outlook, which remains unchanged from the guidance provided in its July 29, 2026 earnings release:

  • GAAP Diluted EPS: Projected at at least $6.52
  • Adjusted (Non-GAAP) EPS: Projected at at least $9.00

GAAP to Non-GAAP FY 2026 EPS Reconciliation:

ItemPer Share Amount
GAAP Diluted EPSat least $6.52
Amortization of identifiable intangibles$0.30
Put/call valuation adjustments (minority interest)$1.47
Value creation initiatives$1.27
Impairment charges$0.17
Cumulative net tax impact$(0.73)
Adjusted (Non-GAAP) Diluted EPSat least $9.00

Key Regulatory / Policy Note

  • CMS Star Ratings: Humana explicitly noted that it will withhold commentary regarding 2027 Medicare Advantage (MA) Star Ratings (Bonus Year 2028) until the Centers for Medicare and Medicaid Services (CMS) publishes official final ratings data in October 2026.

Market & Trading Implications

  • Trading Significance: Low
  • The filing represents a scheduled reaffirmation of existing full-year 2026 targets ahead of broker conferences and investor meetings during September 2026. No unexpected revisions to financial targets were introduced.
Topics:#Humana#HUM#Guidance#EarningsGuidance#MedicareAdvantage#Healthcare

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